Re: [ANN] Levelcoin - Proof of Stake / Proof of Burn Hybrid

The model of "fund now and develop later" doesn't seem to be working too well.

Develop first, show proof of concept, distribute thru proof of burn.

Then, if necessary, gather funds for particular purposes, from funders, who have skin in the game and are therefore motivated to scrutinize development and cover (or refuse to cover) additional expenses. This way funders continuously participate in project development , voting with money, instead of relying on devs decisions in distribution of ipo funds.

I could not agree more, very well said

Sound like a good approach.

Concurrent fund raising and development can work, based on progress. This is how most start-ups are funded, with seed funds coming in in stages.

I lost a coin in this, and knew very well the risk I was taking, posting red flags here all along. A number of us are interested in continuing this project. The last thing I want to see is other people deciding whether or not I have this option or dictating how a pre-sale is to be handled. I've come to crypto assets to escape that kind of crap.

We are trying to figure out the best way to fund our NEX project. We are wondering if you had any insights on this.