Hey there, I was looking through the whitepaper and found that 25% of the tokens are reserved for the team & advisors - with 20% going to the team and 5% for advisors. Isn't 20% quite a significant number?
I remember when Endor suddenly changed their team allocation from 10% to 20% and everybody went nuts, with many investors dropping out of the ICO (even my investing pool included).
Thanks for asking the question!
Firstly, we will not be making any changes to the allocations, so no surprises there.
Secondly, 20% is a relatively normal allocation for teams amongst many other whitepapers, ICOs, and token sales. On top of that, the amount that goes to the core team is also subject to change, especially the allocation for cofounders. For example, we recently launched the Incitement Ambassadors Programme whereby 1.5% of the allocation was taken out of the cofounder allocations to reward Incitement Ambassadors.
Thirdly, we find the 5% allocation for advisors justifiable considering there are 20 of them, and having top-notch industry experience and reputation. E.g. CMO of Versace, or Global Head of Branding from Philips - these are not just any kind of advisors, but they bring an immense amount of knowledge and experience to our project, and of course also a lot of credibility.
Hope this answers your question. Let me know what you think!
