Dear FOX Community!
We are often accused of spending the pre-mine. We want to clarify the situation:
1. The pre-mine was used to support the development of the project, including advertising, listings, bounties, promotions, as well as community managers and developers salary (both core team members and outsourced members). We dont see anything suspicious or abnormal, considering we spent a lot of our own money at the start to give the project a boost. That was our main contribution to the project. Further, our staff required payment, because even the coolest programmers want to eat every day.
2. At the moment, the pre-mine is spent. Is that good? No, but thats a fact. Unfortunately, this situation was largely aggravated by masternode owners who sold their coins at any price. We have fixed costs that are necessary to maintain the project (see item 1). Accordingly, the lower the price of the coin, the more coins we have to spend.
3. At the moment we are in crisis. All third-party professionals temporarily left us, because we are not able to pay them. We are now having only core members that stood at the origins and will continue to develop SmartFox. We are not abandoning the project we continue to develop it, but more slowly.
4. Now we are looking for additional funding options. We assume that we will be able to announce them at the end of the week (possibly at the beginning of the next week).
5. To all haters: we will not allow you to continue dragging the SmartFox name through the mud! If you dont believe in the project, then leave. We will not bow down at the feet of every masternode holder if he/she doesnt like something and want us to report him personally every hour. We do not hold anyone. At the moment, we have a sufficiently developed network that will ensure the further smooth development of the project.