Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
digitalmagus
on 25/01/2014, 07:09:11 UTC
It seems many people are confused by the bold titles being used in the opening post (see below)... I know I'm not 100% clear, so might as well ask.

Quote
* Early investors for taking a great risk due to the uncertainty of investment will be rewarded by a bonus of 2*initial investment for the first week and then this bonus decays by 2 percent per day for the remainder of the fundraiser until it reaches a floor of the base exchange rate of 0.001 BTC per 1 Ether
* After the fundraiser closes, the total sum of ether produced will be denoted as X and we will instantiate a premine of 0.50*X for the fiduciary members, early stakeholders, strategic partners, a pool for use between the conclusion of the fundraiser and the launch of mining and finally a long term endowment. Specific percentages will be discussed in the Prospectus to be released on the day of the fundraiser (Feb 1st)
* The fiduciary members will be vested over a 12 month period and cannot divest more than ⅓ of their position per year thereafter

... Since you used different terms; for example: "Early investors", "Early stakeholders" and "Fiduciary Members", are we to conclude that these are in fact completely different parties? Specifically, can you please clarify the differences between each and also which one of these are you characterizing as the ones that participate in the crowd funding that may (combined) contribute up to a total of 30,000 BTC? Typically a "fiduciary member" represents a legal entity, so I'm assuming this would exclude the individual crowdfunders, but I just want to triple check on all this.

TL;DR:  We need absolute clarity on whether the individuals participating in the crowd funding will have their Ether's tied up for 3 years (1/3 release per year) or whether they are able to trade their ether's for BTC or other cryptos immediately after the coin is launched.

Thanks!