Using crowd funding, like Indiegogo, Kickstarter, to fund altcoin development

[First.Bitcoins]

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 donations
2. 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 Thread

I think this is an idea, many altcoins could use. And is a fair protection against developer pump & dump.

[thunder04839]

1HCzLn2PnQR3pVYy91e5c4Zy4YfpNujL3V

it is a good idea.  Donate BTC to the address above to help our cause.