what about escrow? and will there be specific milestones that have to be reached before the ICO funds or part of it will be usable for you?
Escrow will not be used as ERC20 tokens will be sent to the addresses funding was received from. We thought about the possibility but in reality what safety does this really provide for investors? If escrow was used we would receive funds after ERC20 token distribution. Token issuance is extremely simple, if a user believes we aren't above board they would either be left with A.No Tokens or B.Tokens with no value.
It's not the token that is valuable, its the value we put behind it. Escrow wouldn't change this, by all means if investors are scared or hesitant we encourage them to think it over before investing in the ICO, or even purchase Snap tokens once they have hit exchanges. At the end of the day we can't in good conscience condone irrational investment decisions, greed and fear has the potential to ruin lives. If someone sees the value in Snapshot, we encourage them to invest, but that is all.
We do have funding uses, but the percentages of what is allocated to development, marketing, regulation, etc may change with priorities or as unexpected issues and opportunities bring themselves forward.