So according to their white paper, 15% of the coins will go to the core team. This sounds like quite a lot? But I am not experienced in ICOs
Moreover, there is also the following statement:
"50% of the final amount raised in the ICO will be divided into two escrow accounts:
• 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."
What does this mean? How much will the "remaining amount" be? If I read this correctly, the remaining amount of 50%, after 30% and 20% has been used, is...0%?
Moreover, there is also the following statement:
"50% of the final amount raised in the ICO will be divided into two escrow accounts:
• 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."
What does this mean? How much will the "remaining amount" be? If I read this correctly, the remaining amount of 50%, after 30% and 20% has been used, is...0%?
You need to read that again lol, 50% of the funds will split as follows 30% and 20%, so there is 50% left!
"
After the ICO completes, the total distribution model will be as follows.
50% of the final amount raised in the ICO will be divided into two escrow accounts:
• 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
majority vote of ICO founders and is intended for funding ongoing Obsidian-related work.
"
I interpret this as the remaining 50% being used for "ongoing Obsidian-related work", but is it different from the "remaining amount that will be divided between core founding members"? Due to the indentation it sure sounds like that amount should be part of the first 50%. Or do they mean 30%/20% of the 50%?
