Quote from: tj303 on January 30, 2017, 02:35:48 PM

Quote from: someonesomeone on January 30, 2017, 09:25:35 AM

@Dev how much of the ICO funds do you have left for development? I heard that you plan to put some burn mechanisms in place for the currency and I would suggest that you maybe rather accumulate jewels and have them locked for a second round of funding to potential angel investors. That would give you more capital for development Wink

I doubt they would ever need to do that because:

1. Thats a shady move and these devs don't strike me as that type.
2. They got waaaay more than they asked for in the first ico.

We would never do something like this without far advance notice and the approval of the community. The burn mechanisms are created in such a way where both the holders of Jewels benefits from the burn as well as us receiving part of it. Taking all of it on the other hand creates uncertainty for investors and does not help them or incentivize them to hold Jewels. More over it can be a scary thought for an investor if the developers or any individual for that matter owns a large portion of the coin.

I'm sure some of you saw our Tweet last week there would be some big news to clarify we'll be posting some updates and reports about the progress of things as well as a document detailing systems of Rebirth, how they will affect Jewels and what to expect. We apologize for the delay on releasing this document as I know I posted some time ago that the first part of this series of documents would be issued near the end of the month but will instead be released in about 7-14 days from now. Thanks for the understanding and hope everyone is looking forward to it.