As I'm sure most in the thread have seen, PureVidz has officially passed our 50 BTC goal and is still climbing. Currently we are at 58.8398 with over 8 hours remaining in our ICO.
Thank you for your support and we are thrilled to see the passion and interest you have all shown for the project and cannot wait to start delivering on our milestones to create the best project possible.
May I ask a question, while you are here. Sorry if it was asked before (please just refer me to that post then..). What are the plans for development fund? How it will be used and when. Who will hold the keys, and will it be used arbitrarily, or only after community approval? Honestly, that is the only part of project which woories me, thats why I ask.
Thanks!
The dev fund will be used for promotion of the service. This means global bounties for users submitting content to the site, twitter/forum/facebook campaigns, real world viral marketing campaigns and other similar strategies.
The dev fund replenishes itself through a number of mechanisms in the site and when it refills to a certain level a new advertisement campaign will be triggered. We will also trigger some manually to synergize with major site updates and new features.