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I was reading the QKC token sale pdf again and saw they donated 15% to the "Foundation".

What is a Foundation in this regard? I'm curious to found out if its another fancy way of saying more money to the founders / team?  ::)

Edit: Just to clarify, they specify that some money is allocated to the team, this is supposedly a seperate category.

Is it the QuarkChain Foundation?

Looks like they call the Foundation as them. So the 15 percent of the pie is really for the team and developers.
Mostly it is 20 percent so I think they are a better number than other ICO's.

What is the issue with it?

To add up. Those tokens cannot be exchanged for a long time. They are locked. You can follow their wallet to check it daily.  ;D

Some of these projects actually do have foundations that certain percentage of their token are donated to. On the flip side, fraudulent ICO teams claim to set aside these money for the foundation but it's actually for themselves.

Please, forget the packaged term ' foundation'. Do you actually believe them? Where is the foundation located? What are the verifiable details about its existence? It is just for the team. I don't want to be deceived.

Ask that ICO management team so you can clear out what you want to know. No one would give you exact details on what's happening with that ICO though they can cover up and say that they do and lie to their investors for hiding something ridiculous that investors won't benefit.

Even in real life, big corporations are using charities and foundations so they can cut their taxes so if this legit, I'm thinking the same thing that would lead them to cut taxes because of that "foundations" / "donations". Well this is base on my understanding.

Not necessarily the money from the Fund will go into the pockets of the ICO team.The Foundation is like a piggy Bank.If there is a need to expand the team or unforeseen expenses, the team can take this money from the Fund.As a rule, this condition is prescribed in the smart contract.There are also projects that really allocate part of their income to charity.There's nothing wrong with that.

Off course foundation is the basic idea of the whole project and the whole team involved in it. So here in this context of QKC that comes down to the team, project idea and most importantly founders of the project. There should be quota which is already allocated for the developments and research purpose but that will not count as the completely share of the project. They will always put some more so that they can get it for their own use straight up rather than putting everything in the crypto project itself. So when they say a foundation then its them really.

I would consider that to be funds added to the treasury to optimize the company's liquidity. They could make good investments in the future with it. The fact that they're being open about that makes it seem legit.

Most revolutionary blockchain projects need quite a lot of funds to make their visions a reality now and in the future. There are even some that claim to be able to solve the most fundamental issues of the human condition, not only technical issues for payments etc. This takes a ton of money for R and D, or a huge "foundation."

Very few ICOs are open with their finances and tell you exactly what funds are going to be used for exactly. The concept of funds set aside for a foundation is one ambiguous term used by ICOs to devote more money to themselves, because in actual fact, there's no real foundation they're devoting money to. And who says a start up should have a foundation immediately?? This should come when the business has become very profitable and successful.

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It's interesting that so many people are telling me its the "Team" when they already have a section allocated to the team.
P.S. I've also asked in the telegram group a couple times now, waiting on a response still.

The 15% of the pie is really for the team and developers. Mostly it is 20% so I think they are a better number than other ICOs. Those tokens cannot be exchanged for a long time. You can follow their wallet to check it daily.

They like to address themselves the foundation. They are not like any individual other, they are the same, but the word foundation might give them boost as different organisation.

This is an interesting topic about which a lot people don't have much knowledge. The topic is intriguing and anyone with curious mind would love to know more about this thing. As such knowledge can help an investor or a trader in the long run.

In this case the foundation could mean the team and developers. 15-20% of the of the tokens I think are locked in this regard and cannot be exchanged. But, if you're interested in knowing more on this you could always check their wallet program to follow the changes daily.

This is an interesting topic about which a lot people don't have much knowledge. The topic is intriguing and anyone with curious mind would love to know more about this thing. As such knowledge can help an investor or a trader in the long run.

The team is the foundation and the foundation is the team. 15% donation to the foundation is just a way to paint it in such a way that would make it sound a little bit nice but in reality, it is actually meant for them indirectly.

However, whatever we are going to be saying here is an assumption so in a way, if you want to get some response or real answers, and that is if the team will end up not telling you what they want you to hear, i will say, you should just go to any of their social media pages, throw the question and they will be glad to give you a response to your concerns.

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I think 15% is a normal number, because they are a team, where many people are involved in it, but in this case they usually cannot hold it for a long time, it will certainly decrease in the near future

Not all "foundation" is to the "team" that is basically owning the ICO or the coin or whatever but also people who work there.
So, if you decide on making a new coin you need developers, graphic designers, marketing people and many more which all costs money. If you convince them to get the coin than they will be paid with the coin which you can consider "15% to the foundation" but if they don't than they can be paid with the ICO funds they get.

In one way or another you have to pay the team, even if the owner doesn't get paid and just uses his own coins for stuff they need to pay the team that worked on it, either on the coin or ethereum or something but they have to pay them. So that is why there is always some coins saved aside for paying stuff the ICO needs to pay and that is usually used as "foundation" so you don't write in detail where it goes to.

In this case the foundation could mean the team and developers. 15-20% of the of the tokens I think are locked in this regard and cannot be exchanged. But, if you're interested in knowing more on this you could always check their wallet program to follow the changes daily.

There is nothing really wrong in dedicating a certain portion of the ICO tokens to a foundation or charity purpose. I will only have a contrary view if the tokens set aside are not used for the intended purpose.

The foundation fee is mainly to back up the team and developers working behind the ICO. This also used to further improve the system previously inhibited.

Foundation allocation fund is simple means what an ICO keeps their shares and profits for their tam member nad advisors. How will they pay them, what percent of the fund will be payed to them is stated by this statement. It is generally 15-20% of the total fund as they are the think tank of the project.

Don't know much about this. Waiting to get more information about this also.

This is a reward for those who do a lot of work. Establishing a successful project is not an easy task. It is all due to the efforts of the whole team and that is a very necessary fund for the business. they can use them to pump altcoin value.

Well, you do not sound like you know much about it either since you absolutely did not share anything tangible. If the team is deciding to use the word foundation to classify the team, then it is just the percentage that is meant to go to the team.
 
If it is not the team in this case, I am sure the foundation thing will most definitely be broken down when it comes to its usage in the long run, which would most definitely be on either the whitepaper or on the website. Most of the time though, in every ICO, the team usually allocates funds to themselves, as well as others, which is always found in the allocation chart, and I do not see this as any problem as long as it is a legit project.

It is not even a bad idea for the team to allocate some funds to themselves, and it depends on the project which is what could have made them call it a foundation in the first place. Sounds more like a charity project to me, somehow.

The most important thing is always the locking period, which is what makes most investors to feel relaxed over time, knowing that there is no way the team will dump on them. There are so many things the funds is always used for which most of it all, is usually, long term developments, it is not new, so I do not even expect this to generate so much debate.

When the team is already donated 20% and then the foundation another 15% it should at least make one curious.

That is usually always the idea most of the time which is basically almost used for further development in the long run, but at this day and age, which team should actually be trusted as we only get to see what is painted in the outside, even though I understand there are some level of transparency when it comes to the blockchain technology anyway.

In any case, I always zero my mind that such amount belongs to the team actually and for their pocket. We have seen it before, so it is not something new.

I think that is the case for all ico. I thought that was the salary of the team as long as he worked on the project. of course they get a fee in the form of a budget that has been budgeted during the development of a good project, the results obtained are good too

   there are too many project in "initial coin offering" or ico but who's project is trusted.we need to check what kind of the foundation because so many projects are not valuable ..
scammers ..although allocation is concerned is much boast very resonable as much as very good project that we have, more people are benefited too