Hi Kutuzuv44,
Not to spend them. But to get them.
When the team reached some requirementa, the participants vote to unfreeze the money.
So :
,but they will have to meet some requirements to get the money.
Thank you for the answer,i think i understand now.So you will be some kind of escrow too?
Hi Kutuzov44
LOLIGO's funds distribution is decentralized, the code managing the distribution is executed by miners.
The funds collected for the ICO remains allocated for the founder but amount is in "blocked" state. funds are unblocked due to periodic participant's vote
No trusted entity or trusted contract developer are needed.