Nice roadmap and interesting fund usage breakdown. But don't you think 15% is too much for founders and employees and advisors? Especially since you're getting that ON TOP of the ICO payment.
It will be fair if you lock up funds for longer periods of time, and unlock only after hitting some milestones. Otherwise this seems too greedy for my liking, basically another project promising the sky and saying they'll deliver it next year after collecting millions of dollars and paying off everyone in the team.
It will be fair if you lock up funds for longer periods of time, and unlock only after hitting some milestones. Otherwise this seems too greedy for my liking, basically another project promising the sky and saying they'll deliver it next year after collecting millions of dollars and paying off everyone in the team.
Hi devs, I have yet to get a reply about my statement.
What are your plans for the funds you received from the ICO?
Sure, I know you already broke down how the funds will be used in this post:
[
Initial LUN Supply Distribution
Funding Usage Breakdown
Initial LUN Supply Distribution
Funding Usage Breakdown
But I believe investors have the right to know more than just simply, %'s.
Unless you start sharing more information about how you would use these funds, and also propose an incentive to get work done without getting cash upfront, as proposed in my post above, this looks like an obvious money grab to me.
Right now, you have ZERO product, and you're selling a DREAM. Nothing more than that. Do you have any platform to demo or for us to beta/alpha test? Why not? By now, as a business trying to get investment, how do you not have any product? Do you try getting investments based on pipe dreams and pipe dreams alone?
Why do you need to pay such a high sum, 15% to "Founders, employees, and advisors"?
What constitutes "Research & Development", or "Benefits", or "Operations", or "Legal"?
Also, how can we confirm that the Smart Contract does exactly what you say it's supposed to do, like refund in the case of not meeting the minimum sum?
Any answer to my last post? Don't ignore my qn pls dev
