Funds from ICBM are "single use". Once you spend them they are out of any constraints and additional rights like whitelisting. If you sell your equity tokens and invest resulting funds it is "new money" - no difference from other investors. I hope it is clear now..


No, he does not. First look right is for exact amount of funds you have in ICBM contract. And if you spend those funds your right in gone.


We plan first ETO to be 7-8 digits, more than 1 mio, from a well established company with solid product, team and user base

Hey BNO

Thanks for this analysis. This is exactly why first look right is limited just to funds stored in ICBM smart contracts. No "new money" is whitelisted and it does not matter who holds the funds - "old investors"'s "new money" is not privileged in any way (in other words we give first look right to funds not people). Please also note that whitelisted "old money" will not receive new NEU for the investment. They already got them during ICBM. They are still incentivised or to skip whitelist or do add new money later to get more NEU.

You are right that having unlimited whitelist would discourage new investors from coming.  Considering this (long time ago) we had same conclusions as you are.
I'm sorry for the confusion, when talking here with Panor we indeed used "forever whitelisted" but this means "forever for icbm funds - until you spend them" not "forever for certain investors". It's like communication in aviation, we constantly improve how we talk about platform but sometimes some inconsistency slips in

On Neufund platform investors still make their individual decisions. There is no voting on where the funds should go. We are not following theDAO model which in our opinion failed in its governance. You have similar situation on NASDAQ (for example) - they are not making any decisions who invests where, they just organize the trade.

NEU is a token that is granted as a reward for the investments. If you invested in ETO and ETO met its fundraising goal, the company gets funds and you get tokens of the company. On top of that you also get newly minted NEU. It is a way of sharing back platform success to the investors - people that actually make it happen.

Hey ogrudko

I'm CTO at Neufund. pre-commitment was launched on Sunday and we were quite busy. Here is the status, devs from the team will elaborate on some other interesting stuff below.

1. we deployed extensive smart contract system with a code base on par with other big Ethereum projects like Aragon and Melonport. where we pushed forward is testing: we have 1 test per 7 lines of code and some tests are really elaborate: for example simulating whole ICO process with 1000s of participants. there are 430 tests, and I feel we did our engineering properly
2. there are a few interesting coding patterns for Solidity, we also want to propose extension of ERC20 token standard that we want to use to distribute revenues from NEU and equity tokens
3. we had to totally push forward the toolset. it simply didn't work properly with our code base and number of tests we have. that includes truffle (we have own mod), solidity-coverage (many bugfixes around large number of LOC tracked), solium (solidity linter)
4. our smart contracts are paired with legal agreements that are generated from on-chain data. this protects our investors' rights both on-chain and off-chain.
Here is nice summary of what we deployed with links to github, etherscan and description of code base and tests

https://blog.neufund.org/tech-update-neufund-icbm-smart-contracts-are-deployed-and-ready-f27695e7fcaf

5. there is a nice D-APP at https://precommit.neufund.org that allows you to directly participate in the ICBM via any web3 injected wallet, Nano Ledger S or external wallet. We had to develop our own support to Nano Ledger S, smart contract ABI to typescript converter etc.

6. as there are no tools to monitor smart contracts now in a proper way, we developed our own (and it is open source) basically we decode all transactions and log events and pushes it to greylog. it is so simple but extremely useful.

https://blog.neufund.org/keep-your-private-keys-close-and-keep-your-smart-contracts-closer-introducing-the-smart-contract-e3bd1fcad204

Some interesting deployments are also coming tomorrow (for example to https://icomonitor.io). We'll be posting more info when public ICBM starts as well

I've heard various opinion on this acronym. Most people find it funny, also the double meaning makes people curious.