Thanks for the info. I am sure that all new platform ideas will soon be highly appreciated by Verasity participants. The investment fees go well and the result of the development we will see at the scheduled time.
I would like to know from the project representative - the funds collected during the period of ICO immediately go to the expansion of work or you expect the end of the fees?
Here's how we'll use the funds from the token sale:
20% Research and Development - Engineering costs to implement proposed roadmap, including Blockchain Network development and platform upgrades
20% Contractors and Salaries - Includes payroll for all non engineering staff and contractors
20% Technology Licenses - Includes all licences for the underlying technology, including the player, uploader, advertising platform etc.
18% Platform Costs - Includes hosting, storage, bandwidth and delivery of content when users interact with the online video platform
17% Marketing and Content - Investment in platform usage, brand awareness, market adoption and publisher incentives to join community
2.5% Legal and Admin - Compliance and other related administrative and accounting costs
1.5% Business Development - To develop global commercial partnerships
1% Contingency - To cover any overspends in the above categories