Post
Topic
Board Altcoin Discussion
Re: Ico team salaries
by
13abyknight
on 13/09/2017, 14:49:19 UTC
whatever the ICO manage to raise divided by the amount of team-members

Haha! Great one!

To answer the question: if you are a founder, then you should not even take out a salary. The ICO tokens you get is the compensation you should enjoy, and the tokens should be distributed in a vested form, with a long term vesting period and cliff issuance.   If you take out any salary, it should be well below market salary, imho. If you go over market salary, and you don't produce in the ICO, then investors can go after you legally.



Very well said. The whole point of ICOs is to raise funds towards project development and not even a part of funds raised should be taken as the 'salary' for anyone either the employer or the people working under him. Most ICOs hold a good amount of coins for 'the team' and this should be their takeaway from the project for all the work they would have put into it. It would be a blunder if the funds raised in the ICO were termed 'salaries' for the team and they fail to show any signs of developments towards the project at hand which is happening with a lot of projects lately.