Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Expanse (EXP) - Fair Launch, No ICO, Community DAO, based on Ethereum
by
CryptoClub
on 25/04/2016, 01:44:17 UTC
when the price comes down these Reserve Funds get close scrutiny.

ETH is no exception either
They just sold 1.8m ETH and are taking flack

https://twitter.com/VitalikButerin/status/723573508010348545

Point is that at least Devs go on with funding security - and increase mid/long term value (assuming their priorities are sound....)

Coins without funding just have a history of AWOL devs and no future

Without continuity of Devs its very difficult to restart a coin where they switched the lights off and went home.



This is absolutely true. Devs don't work for free, and anything we contract out we have to pay for, out of pocket entirely early on. Rest assured everyone on the team ALWAYS owns EXP, so getting some EXP slowly over time makes about zero difference whatsoever to price, as we are always holding some. We would only sell with increasing volume and prices, and even then only to cover what is needed, as we know the project is going to last and grow. Some stuff we have paid with BTC of our own, like the new website, but we negotiate the best prices for work as possible while still being fair. We HATE selling pressure more than anyone, we made it "rare" on purpose, and we designed the community funding, still untouched, to last forever very intentionally. (Check the Whitepaper for how this will work)

This is something we are going to be working on for many years, at least if everyone in the DAO wants that down the road. I can assure you that we will be building up the project in a manner that benefits holders and makes them as happy as possible, at least as much as can. We certainly want everyone satisfied as if they were a partner with us. Keep in mind Franko worked on his previous project for years with no funding just because he is honorable and he still supports it now. So now we have funding and a very stable core team with great contributors. Yes, it sucks when the price goes down now and then, but you can't have one without the other, and I am sure there will be glorious increases in the future as well. Smiley