So 10MM Tokens were sold for 10MM USD, correct? I cannot find a lot of information on the website blockchain.capital. Can someone explain to me:
Do the developers keep any coins for themselves?
Do they have the ability to issue new tokens?
If the answer to both questions is "no": What is the incentive for the project creators to manage that fund?
Thanks!
Yes 10 million were raised, ICO price was $1 per BCAP token.
1) No.
2) Technically yes I think but I'm not a dev, I don't see the point in that though.
3) Most funds have a percentage fee on profits and performance.