When after the ipo, I think you should open your account, let us work together to supervise, each big spending should explain to the public, I think it's a good note
If they don't, how can we do?
Creating the charter and rules for how the Foundation will function, how it's board will be created, and what exactly will be required as far as votes go in order to release developer funds for a project is a very in depth, time consuming, and tricky policy to set. The details of the Foundation are continually being discussed and I assure you it will consist of both the development team of Crypti as well as community members. We want to ensure that the community is as much a part of deciding where development funds will be allocated as we are. The wallet addresses will all be open and no money will be dedicated to a project without community support and input.
There are several options we can use to determine how funds will be allocated. One such method is by community voting wherein we require a certain level of community support in order for a project to secure funding from the development team. So in essence, the community will be developing and presenting a project, we will post the project up for a vote (sort of like a kickstarter but instead of the community pledging funds they will pledge support) and then if a goal is met, we will provide a relevant amount of funding to help the project get off the ground. In essence a community driven bounty system. I am really pushing to develop a system like this and think that I have a solution that would be fairly easy to implement and wouldn't take too long to get off the ground after launch.
These are the types of ways in which the money raised in the pre-sale will be used for development. While some may be awarded to the development team based on the stretch goals set out to continue development of the wallet and features, etc (we need additional programmers or new skills). A large portion of the funds you will be investing in the pre-sale will go back into the hands of community projects. If the community believes a project is worthwhile and should be developed and we agree that it will help push Crypti forward, we will provide bounties to those projects. It's almost like a reverse bounty in essence. Instead of us saying we want this made, the community will propose projects and with enough support, secure funding for development. In this way, we aren't limiting the ideas or features to just what the development team can come up with, but rather opening it up to all ideas from anyone who knows about Crypti. I think this will help continue to innovate and push Crypti to the top. This is why we don't want to cap investments. NXT and Bitcoin are so successful because of all of the community support and development. We feel like if we have the funding, we can develop these things more quickly and efficiently than if it was just our team, and push Crypti to the head of the pack much faster.
I hope that makes sense?