Quote from: SpacemanOne on October 24, 2016, 11:18:04 PM

Quote from: Inchain.io on October 24, 2016, 10:09:15 PM

Quote from: SpacemanOne on October 24, 2016, 08:52:10 PM

Quote

Waiting for next questions

Where will you take the funds to support the operational expenses of InChain (your team) after the project launch?
Will you use the ICO funds? Or InChain DAO will decide? What will be the approximate size of that expenses for the first year?

Salaries of the developers, soft and hardware. We will form the budget and ask the investors to approve or amend it.
The use of the ICO funds as stated before:
- $750K pre-launch expenses
- $1M the Insurance fund

What about support team, managers, CEO's, secretaries, PR, etc? Office rental?
So the above expenses should be excluded from the project income to get the profits numbers.

Having the expenses you listed would mean that the business is going well.
Would you purchase the insurance policy as a trader for yourself?
Also interesting point about Coinbase, what would they do if they got hacked and they do not have enough funds to recover all their accountholders?

And just to sum up:
- Nothing prevents the Inchain fund to generate returns equal to any other crypto currency funds
- Inchain DAO investors may vote for distribution of the income and receive it it the form of dividends
- Insurance-linked bonds may be an interesting investment instrument for passive investment strategies or diversification of the portfolios
- Insurance is needed for the industry
Obviously, there are some risks which are inherent in the industry and associated with any new project.