We are using crowd funding to fund our development of AppleBytes - a new coin for support of the Arts, specifically in NYC.
As far as I can tell, we are the first Altcoin to use crowd funding.We are using crowd funding for three purposes:1. To build the user community, and get AppleBytes in their hands -
coins are given as a reward for donations2. To fund development, so the premine goes to the AppleByte Foundation to give out to the user community (artists & art lovers in NYC)
3. The Dev team can be paid in Bitcoin,
not by premine.
Additional details on AppleBytes are here: Announce ThreadI think this is an idea, many altcoins could use. And is a fair protection against developer pump & dump.