I suggest every Nem holder reads this. Vote deadline is August 14th and All community funds are being transferred to this legal entity.
The legal entity will not only control the funds but actually own them to do as they wish. Vote is also done by importance so those with most importance (NEM)(DEVS)win. No info on who who is involved in this Legal entity and If, how much they will be paid, expense accounts etc. Its supposed to be non-profit and that is the ideal but " but NEM shall also need to be sustainable in the long run. Hence, NEM shall be a hybrid model" . No idea what this means.
Ähh wtf? Thank you very much for the info! But in case the idea came from the devs a voting is senseless. How many stakes each of them ownes? About 50x as an original investor?! Or about 500x today (because many of them sold a big chunk already).