Post
Topic
Board Announcements (Altcoins)
Re: SALT Community Membership
by
Dorky
on 03/10/2017, 14:47:34 UTC
Complaining about how the team were allowed to buy at a low price is very funny when in contrast most projects just allocates a good portion of the supply to give out to the team for "free". Not to mention various advisors, partners, exchanges, etc that most of the times also get free coins. Yet, here they paid for it.(Also 50% of the tokens bought by the team is vested for a year.)

Did SALT ICO not reserved any supply to the team?

If so, maybe that's a good justification that insiders are getting it for 0.25.
But if the ICO already reserved a portion to the team, and yet another portion (who knows if the insiders never even need to pay for it) was made available for them as well at 0.25, then I say such deal is just way too sweet in comparison to many other ICOs.

The problem with the pricing tier was actually made known to the team while the ICO was still running at $1.50.
So if anyone wants to claim the team was ignorant of such problem, is not really valid.