Have the devs explained yet why only 51% gets sold in the crowdfunding and the rest gets split over themselves and angel backers?
Even if they try to dismiss everything as FUD and want the crowdsale go on, they at least should explain the reasoning of the coin distribution.
I have asked them 3 times since beginning of February, they said they would reply within 24 hours but still haven't given an explanation.
Hi, the answer to this is in the Qtum Economy Whitepaper (
https://qtum.org/en/white-papers)
We will release the Crowd Sale details on the 9th of March, and then discuss them in more detail.
We will also be hosting a technical Q&A session at our Slack on Tuesday, 8pm Beijing Time (7am EST)
No, that is not the answer. Ofcourse I have read the white paper and in my initial 3 enquiries you said you would give a further explanation on why the funds get allocated this way. You would give an answer within 24 hours, this was on the 10th of February, 1 month ago. Now you say the 9th of March.
The crowdsale is ment to fund your project. This means that there should not be separate allocations for business development and research etc etc, these allocations should be funded from the crowdsale.
So, it would seem most logical to distribute 80% in the crowdsale and the remaining 20% to the initial backers.
What does the money raised in the 51% crowdsale even get used for? I would assume business development and research. No need to allocate more tokens to yourselves...
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