Post
Topic
Board Economics
Re: ICO Token Allocation (Foundations)
by
Hui8
on 25/10/2018, 09:35:40 UTC
I was reading the QKC token sale pdf again and saw they donated 15% to the "Foundation".

What is a Foundation in this regard? I'm curious to found out if its another fancy way of saying more money to the founders / team?  Roll Eyes

Off course foundation is the basic idea of the whole project and the whole team involved in it. So here in this context of QKC that comes down to the team, project idea and most importantly founders of the project. There should be quota which is already allocated for the developments and research purpose but that will not count as the completely share of the project. They will always put some more so that they can get it for their own use straight up rather than putting everything in the crypto project itself. So when they say a foundation then its them really.