Remember there was an uproar in the btcgold community, when the devs where talking about keeping 2% = 200000 of the coins? Btcgold has now changed that to a 100000 timelocked coins instead. Which went over much better with the community.
How supported do you think this coin will be, when the devs are sitting on 1600000 coins?
Concerned top 200 address owner and investor here.
I am a new member of the team that hasn't officially been announced yet but I now handle most things related to the business development of the Bitcore project. The 10% that is allocated to the development fund will be used to further Bitcore in every way with a small portion of it being used as compensation for our continued hard work. I can tell you that listing fees on exchanges, integration into payment processor platforms, and any other fees/cost associated with development are not cheap at all. I am not at liberty to disclose these fees but they would probably astound you if I did disclose them. The 10% we have taken for the development fund seems very fair and if you look at other coins we are right in line with many of them. The Zcash development team takes 20% of the mining reward in the first 4 years and then 10% moving forward. Even with Bitcoin, Satoshi Nakamoto has an estimated 980,000 BTC that was mined in the beginning. The reality is that if you, basically the community, wants us to become one of the major market players then we need the funds to be able to do so. I cannot talk about future community support for the coin since that is very speculative in nature. However, I can tell you that we are all trying our best to make this project the best it can be. I hope this answers your questions and puts things in perspective. Have a great day!
It`s not so my business do discuss that but i think that %10 is fair for a hardworking professional team. Keep the great job!
BitCore is going to be really big!