Just wondering
Where did all the funds came from without any ICO or fundraising?
Anybody from Sigt expert/dev please answer these question we need to have enlightenment. Thanks in advance!
Funds came from the first 1000 blocks which were instamined. Difficulty only kicked in at block ~1000, dev probably mined about 2.5M SIGT however it was spread across 1000 wallet addresses and has been transferred around into several wallets holding <100k each. Have a look in the block explorer at any block 1-1000 and then follow where that miner's funds went and you'll find a block where ~10 wallet addresses transfer their funds into another wallet (which can only be done using the same private key for all input addresses).
Nice research. It seems like a little pre mining for the devs which is fine. They deserve to have some funds for the hard work and time
I asked this because Devs need enough funds for a project as big as SIGT.
Insufficient funds and the project will fail