- https://bitcointalksearch.org/topic/m.5505131
- https://heavycoin.github.io/ipo-stakeholders.html
- 20 secs of research, probably less than You had spend on Your post..
I've already read those. My question (again) is HOW ARE THE IPO FUNDS TO BE USED? To repeat, what are the BTC raised by the IPO to be used for / spent on.
IPO funds are used to pay developers for their time so they dont have to get a job and can focus on developing HVC and the community. Yeah there is no way to monitor what they are doing with them, but I would rather have the developers getting paid, instead of working a job or doing client work.
The developers are solid, and nobody should work for free unless you have the luxury to do so...
just my 2 satoshis.