Topic: ICO Token Allocation (Foundations) - page 2. (Read 388 times)
The 15% of the pie is really for the team and developers. Mostly it is 20% so I think they are a better number than other ICOs. Those tokens cannot be exchanged for a long time. You can follow their wallet to check it daily.
It's interesting that so many people are telling me its the "Team" when they already have a section allocated to the team.
P.S. I've also asked in the telegram group a couple times now, waiting on a response still.
P.S. I've also asked in the telegram group a couple times now, waiting on a response still.
We also want to tell about one interesting project.
This project officially named as the ‘AIDUS Global D-Fund Platform (ADFP)’, is decentralized platform business by establishing a ‘decentralized fund market platform’ in which the AIDUS Coin will serve as the main currency that would be used for the signing and redemption of various fund portfolios. The platform will connect global investors (the demand group for the asset management) with professional asset management companies, while it would supply the ‘Quant Trading System(QTS)’ to the asset management companies in order for them to create various high profit fund items, all aiming at truly revolutionizing and establishing a new ecosystem of global asset management market.
https://aidus.io/
This project officially named as the ‘AIDUS Global D-Fund Platform (ADFP)’, is decentralized platform business by establishing a ‘decentralized fund market platform’ in which the AIDUS Coin will serve as the main currency that would be used for the signing and redemption of various fund portfolios. The platform will connect global investors (the demand group for the asset management) with professional asset management companies, while it would supply the ‘Quant Trading System(QTS)’ to the asset management companies in order for them to create various high profit fund items, all aiming at truly revolutionizing and establishing a new ecosystem of global asset management market.
https://aidus.io/
Very few ICOs are open with their finances and tell you exactly what funds are going to be used for exactly. The concept of funds set aside for a foundation is one ambiguous term used by ICOs to devote more money to themselves, because in actual fact, there's no real foundation they're devoting money to. And who says a start up should have a foundation immediately?? This should come when the business has become very profitable and successful.
I would consider that to be funds added to the treasury to optimize the company's liquidity. They could make good investments in the future with it. The fact that they're being open about that makes it seem legit.
Most revolutionary blockchain projects need quite a lot of funds to make their visions a reality now and in the future. There are even some that claim to be able to solve the most fundamental issues of the human condition, not only technical issues for payments etc. This takes a ton of money for R and D, or a huge "foundation."
Most revolutionary blockchain projects need quite a lot of funds to make their visions a reality now and in the future. There are even some that claim to be able to solve the most fundamental issues of the human condition, not only technical issues for payments etc. This takes a ton of money for R and D, or a huge "foundation."
I was reading the QKC token sale pdf again and saw they donated 15% to the "Foundation".
What is a Foundation in this regard? I'm curious to found out if its another fancy way of saying more money to the founders / team?
What is a Foundation in this regard? I'm curious to found out if its another fancy way of saying more money to the founders / team?
Off course foundation is the basic idea of the whole project and the whole team involved in it. So here in this context of QKC that comes down to the team, project idea and most importantly founders of the project. There should be quota which is already allocated for the developments and research purpose but that will not count as the completely share of the project. They will always put some more so that they can get it for their own use straight up rather than putting everything in the crypto project itself. So when they say a foundation then its them really.
Not necessarily the money from the Fund will go into the pockets of the ICO team.The Foundation is like a piggy Bank.If there is a need to expand the team or unforeseen expenses, the team can take this money from the Fund.As a rule, this condition is prescribed in the smart contract.There are also projects that really allocate part of their income to charity.There's nothing wrong with that.
Ask that ICO management team so you can clear out what you want to know. No one would give you exact details on what's happening with that ICO though they can cover up and say that they do and lie to their investors for hiding something ridiculous that investors won't benefit.
Even in real life, big corporations are using charities and foundations so they can cut their taxes so if this legit, I'm thinking the same thing that would lead them to cut taxes because of that "foundations" / "donations". Well this is base on my understanding.
Even in real life, big corporations are using charities and foundations so they can cut their taxes so if this legit, I'm thinking the same thing that would lead them to cut taxes because of that "foundations" / "donations". Well this is base on my understanding.
I was reading the QKC token sale pdf again and saw they donated 15% to the "Foundation".
What is a Foundation in this regard? I'm curious to found out if its another fancy way of saying more money to the founders / team?
Please, forget the packaged term ' foundation'. Do you actually believe them? Where is the foundation located? What are the verifiable details about its existence? It is just for the team. I don't want to be deceived. What is a Foundation in this regard? I'm curious to found out if its another fancy way of saying more money to the founders / team?
I was reading the QKC token sale pdf again and saw they donated 15% to the "Foundation".
What is a Foundation in this regard? I'm curious to found out if its another fancy way of saying more money to the founders / team?
What is a Foundation in this regard? I'm curious to found out if its another fancy way of saying more money to the founders / team?
Some of these projects actually do have foundations that certain percentage of their token are donated to. On the flip side, fraudulent ICO teams claim to set aside these money for the foundation but it's actually for themselves.
Is it the QuarkChain Foundation?
Looks like they call the Foundation as them. So the 15 percent of the pie is really for the team and developers.
Mostly it is 20 percent so I think they are a better number than other ICO's.
What is the issue with it?
To add up. Those tokens cannot be exchanged for a long time. They are locked. You can follow their wallet to check it daily.
Looks like they call the Foundation as them. So the 15 percent of the pie is really for the team and developers.
Mostly it is 20 percent so I think they are a better number than other ICO's.
What is the issue with it?
To add up. Those tokens cannot be exchanged for a long time. They are locked. You can follow their wallet to check it daily.
I was reading the QKC token sale pdf again and saw they donated 15% to the "Foundation".
What is a Foundation in this regard? I'm curious to found out if its another fancy way of saying more money to the founders / team?
Edit: Just to clarify, they specify that some money is allocated to the team, this is supposedly a seperate category.
What is a Foundation in this regard? I'm curious to found out if its another fancy way of saying more money to the founders / team?
Edit: Just to clarify, they specify that some money is allocated to the team, this is supposedly a seperate category.
Jump to: