isnt 1 million premine of the 21 million total coins not a bit much? thats 5 %
where you need 5% for?
you already get money for the ICO, my question is where the 1 million coins for the devs are for
i dont think 5% is a lot either. id rather the devs keep 5% and have the funds to make this great then not kkep the 5% and this project fails.
5% premine for the devs is fine if the wallet is public.
I think 5% is reasonable. If the ICO only takes in 100-200 BTC, they would have sold out the possible profits very cheap and have little motivation to work hard if they hold no stake. I would rather they have 5% than nothing just looking at their own motivation for success. Obviously the developers are not wealthy looking at the state of progress already, and the fact that they still hold an ICO. I have invested and will likely invest more at this point.