How does the WeAre foundation work?
Who is the manager?
The main idea of the WeAre foundation is to promote the WeAre token and support new ecosystem projects. WeAre's profit directly depends on the WeAre ecosystem.
WeAre is an ecosystem, which contains amount of tools and services for investors and founders who are going for fundraising by issuing digital assets (tokens or cryptocurrency).
I was always wondering what the exact function of the foundation was. Does that also have to do with tax implications for crypto-project founders?
Full amount of projects and assets will be a property of all participants, but not small number of people and founders. WeAre is not just another blockchain or fund that provides token issue and projects supporting. It is a complete ecosystem, where success of each project increases portfolio value of all token holder. By this way all team leaders are interested in success of all projects and will provide all available help by advices or providing staff or funds for solving some issues.
Does that mean that all WeAre holders are also participating in ICOs that get launched with the help of WeAre?
Exactly. Projects may be sponsored not by issuing new token but by additional issuing WeAre token.
The additional emission will be purchased by investors and liquid funds will be transferred to teams to fund their projects.
