Post
Topic
Board Altcoin Discussion
Re: Lets take a look at Expanse (EXP)
by
cryptosanta
on 02/02/2017, 11:16:26 UTC
There was a 11 million coin premine, 1 million of which is classified as team premine that they are withdrawing at their discretion. Currently less than 40K left according to the last blog post.

The question will be now, if they withdraw from the "dao fund" in the same way as the team fund. They were transparent by saying what the first withdraw is going to be spent on bonds as far as I can tell, but there was no DAO making this decision.

So does this last 40k EXP left to pay for final development of a DAO, or do they continue their discretionary spending. Or do they do the normal thing and take on investors to cover development until the DAO is completed.

If I were a miner contributing my resources transparent transparent pay, I would expect the devs to be as well.