Teams will do it to ensure they always have the tokens they need to keep their platforms running.
Topic: Is it wrong for teams to withdraw tokens during ICO? (Read 233 times)
Can't really stop it from happening it seems since tokens aren't mined. Satoshi literally mined his 1 million Bitcoin fair and square
Teams will do it to ensure they always have the tokens they need to keep their platforms running.
Teams will do it to ensure they always have the tokens they need to keep their platforms running.
Definitely not ideal, but in certain cases it is a necessary evil.
I think that team should be able to withdraw money only after current milestone has been finished and every token holders (except team) would voted for allowing of withdrawal. This scheme would be great!
Dragonchain stated on their whitepaper that founders will receive tokens over a two-year period. I thought that was genius!
During Pre-ICO investors will transfer ETH into the smart contract address. Can the ICO team withdraw money during the pre ICO. In theory it's investment eth for them, but at the same time Pre-ICO hasn't ended. You can check it from etherscan.io.
As asked, and has it happened before?
What do you mean by "withdraw tokens during ICO" ?If you think about distribute the token each time someone subscribe, yes there is a problem : in the same time, buyers has the choice between ICO price and market price.
What do you mean by withdrawing tOkens in the ico exactly?
As asked, and has it happened before?
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