XBT (BTC) Crowdsale 3,000,000 XAPs (30%)
Third Party Developers 2,000,000 XAPs (20%)
Core Developers 2,000,000 XAPs (20%)
Open Sourcing 2,000,000 XAPs (20%)
Node Incentive 1,000,000 XAPs (10%)
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So, let me get this straight.
If the whole thing sells out...
The crowd pays up to 8000BTC for the 3 million XAPs
Who are the Third Party Devs? they get an equal of 5666BTC in XAPs
Core developers received also 5666BTC in XAPs
Who is Open Sourcing? They also receive 5666BTC worth of XAPs
Who is Node Incentive? they receive 2,333BTC worth of XAPs
But besides the people participating in the crowdsale... none of the other parties actually pay to receive the XAPs?
Who's ruling over these 7 million non-publicly owned XAPs?
I do not understand... The crowdsale goes to the development of XAP?
But the 2 million XAPs going for free to the actual developers are also spend on development?
And the other 5 million are spend on specific development projects?...
Theres a lot of money coming in from the crowdsale and a lot of XAPs that are just handed over to a small group of developers before doing anything??
I remember Ripple got screwed cuz McCaleb was (and is still) threatning to dump his share of 9 billion XRP's.... There are significant shares of XAPs in the hands of single developers with this set-up? What if conflict emerges, a developer could crash the whole market with such amount of coins...
I bet this coin is serious and not a scam... but it's a little bit unfair right? Why need 7 Million XAPs for urself while already receiving the Crowdsale as a budget?
I agree with this guy, crowd sale part is too small, according to your received amount of BTC(just 36 BTC) during these day, I think many other guys have the same idea.
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