I am not scared about the first ICO.
Dumpers will always exist but if the project is great we can go to the moon!!!!
Dumpers will always exist but if the project is great we can go to the moon!!!!
It's very uncommon to see a big project where devs keep 50% of the supply, then an additional 10% going to "early contributers" (devs and friends)
People complain about Lisk "centralization" where devs control ~13% of supply (% will shrink when forging kicks in)
Here you have a small group of people receiving ~60% of the supply from the genesis block, and collecting thousands of BTC on top of that.
I'll be interested to see if the Chinese factor can overcome the absurd distribution.
I would not agree that these portions are "kept by the devs" as we have stated more than once this is for the promotion and ecosystem building for antshares project.
Like many other projects, the for-profit sub-entity is independently funded as Onchain has many other non-open projects with other firms.
For example, we announced another consortium chain the Legal Chain with Fadada (a legal service firm) and Microsoft 2 weeks ago.
And many more are coming soon.
So what is ecosystem building? an example would be the upcoming Developer Initiative, in which active members of the developer community will receive incentives for joining in the contributions to the open-sourced Antshares code repository.
And there are many others in this case, and we certainly cannot put them up item by item for you to sanction every time, like The DAO.
The gap here is that, many lovely people in the west are not as informed as the Chinese audience in that, they are not aware of the reputaion and work that goes into this project. Our team members bear far more greater opportunity costs than a merely 20k btc market cap could compensate. We will definitely try to establish some smoother channels for us to communicate with the community in a stable way.
As for the market cap management, there will always be speculators pumping and dumping, but in the end it comes to solid progress that can be recognized by the market.
People will come and find out in the natural course of time.
