Quote from: 13abyknight on September 13, 2017, 02:49:19 PM

Quote from: YodaYoda on July 06, 2017, 08:04:14 PM

Quote from: shifty30 on July 06, 2017, 07:43:23 PM

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.

I'm not sure I agree with this - or maybe I misunderstand. As a project manager of software development projects, I work between 40 and 60 hours each week. I am paid a salary for these hours each week, which is how I pay my bills, feed my family, etc. If I were to plan and execute an ICO for the purpose of funding my project, and I switched from my job to managing the software development of this project over the next year or two, how would I pay my bills and feed my family? Am I supposed to somehow work on the project for free? When you allocate funds on an ICO to the development of a project - especially the development of the software project, what, exactly, are your major expenses if not the salary of the team that is building the software? Servers? Not really. Development Tools? I don't think so. Those are tiny fractions compared to the human resources that are your project managers, senior and junior developers, engineers, and even business people that might need to help you market the use of the token you are creating. So ... not really getting what the money is supposed to be used for if not even a part of the money raised should go to salary. Am I missing something there? Thanks...