Guys, is it true that 50% of the coins belong to the team? I am sure that speculation is possible but ODN should have great success.
The coins have been distributed in the following manner:-15% ODN (14.7 million coins) will be distributed among the members of the core team.
-25% ODN (24.5 million coins) will be sent to multiple accounts to be used for direct OSM licensing, integration and ongoing development. ODN from this allocation will in addition provide ODN opens as an incentive for 2nd tier developers, designers, marketing, advertising and any other ongoing Obsidian costs.
60% ODN (58.8 million coins) will be sent to another escrow address and this part will be offered to the interested parties in the ICO and Pre-sale.
-50% of this will be available to exchange for ETH and BTC in the ICO
-50% will be reserved for VC funding and strategic partnerships.
Post ICO:
-30% Will be used for advertising, marketing, developers, daily operational costs of the company and similar expenses. This will also include a monthly salary for the core and 2nd tier members of the team.
-20% Will be kept as company assets, for ensuing compliance with all the appropriate regulatory agencies.
The remaining amount will be divided between the core founding members. The final use and distribution of the second half of the ICO final amount will always be decided by the majority vote of ICO founders and is intended for funding ongoing Obsidian-related work.
More development updates and promotion news can now have a positive impact on the price. Obsidian team need to puslish now some fresh information about the project.
