Quote from: Yankeeruinx on October 23, 2019, 12:02:59 PM

Quote from: falce on October 23, 2019, 01:33:00 AM

https://medium.com/@john_draper/9ad1878627ac [2019-10-23 03:30 GMT+1]

oh hmm seems like they gonna need more money and therefore time. and the transparency and communication seems to have been that good, that jim (jstarhead) left. cool. very. and lovely how 2% become 7 mill (you know about 7%, but whatevers) in that proposal. you really sure i am the one responsible for - at least - uncertainty?

It is a Budget Proposal - An idea which has been circulated to the community to get feedback and voted on. So far most people like the idea, you apparently do not and that absolutely fine you are entitled to your opinion and can place your vote accordingly. The purpose of it is to bolster the treasury to ensure we can weather anything that comes our way. We are coming to the end of placing the building blocks for everything that will be built on our platform. During that phase it was necessary to have a solid core team to put those foundations in place. We have our team building the DEX but the DEX is just one dApp and it will need constant maintenance and upgrades as technology advances. This proposal will ensure that we can expand the development team to start building other dApps that will run within our ecosystem without spreading the core team too thin.

The circulating supply would increase roughly 2% (2M XSN) which would be distributed (IF NEEDED) over the course of many, many months. A lump sum of 5M would be added to the treasury just as the current 4.5M is and is there purely for emergencies. It is not added to the circulating supply just as the current 4.5M isn't and is voted in if needed.

If things start picking up then we always have the option to burn these funds which would be great for publicity.

Why now? Well because we are about to start our next phase with DEX and Wallet release and heavy marketing activities so we wanted to get this out of the way before starting those as we knew there would be some negativity surrounding the proposal so best to get it out of the way now than do it later when we are in the midst of other activities.

Again and I can't stress this enough it is a PROPOSAL which will help us massively IF we need it in order to compete with the big boys. We aren't messing about when it comes to the DEX, we have tech that nobody else in the world currently has and have a chance to leapfrog our competitors by hitting the ground running and we want to ensure that we have emergency funds available IF we need them because we don't want anything to slow the pace once we start rolling.

As for Jstar I don't know the details specifically about what is going on so won't comment to much apart from to say his leaving (if he has) has zero impact on development. He has never written any code for XSN, as far as I know he was a technical writer/advisor. Not to diminish anything he did as he was a great guy and was instrumental in putting together the WP and other technical documents we have shared.

and if you care looking up how many coins are circulating/what the total supply is [https://xsnexplorer.io/], there must have been some emergencies noone knows about seemingly