Quote from: Fima82 on June 03, 2018, 06:25:18 AM

Why was it necessary to collect $ 20 million in ico? Where did this money go?

Why is this money not being used for the benefit of the community? More than a year has passed!

The actual amount collected was actually closer to above 13 mil. You can check out our whitepaper for the details on the distribution of the funds. https://mysterium.network/whitepaper.pdf

4.2. Funding Breakdown
Funds donated during the Token Creation will be used solely for the development and benefit of
the Mysterium network. The following distribution of funds is preliminary and can be a subject to
change.
4.2.1. Core Development 40%
Core development will involve the development of the technology as described in this
document. This includes: Mysterium node network, integration of VPN protocols, smart contract
systems, supporting protocols and services, end user applications, ..
4.2.2. Operational 25%
This covers the necessary costs incurred for a functional system. This includes: hosting and
infrastructure costs, staffing, outsourcing, management and other related expenses.
4.2.3. Marketing and Sales 25%
Marketing costs will be used for partnerships development and direct consumer marketing.
Sales costs will largely be incurred by direct B2B sales to businesses selling Mysterium as a
platform solution.
4.2.4. Legal and Compliance 10%
There are legal costs associated with privacy protection and fighting censorship. The legal costs
might vary from region to region.

Please do some research and educate yourself before making misinformed comments, thank you.