There's a lot of feedback here and we should keep in mind that t
he people behind this project are known to the community, and they are not scammers. When we evaluate the budget breakdown - which we should be thankful that this was even shared, it is not uncommon for startups to pay their employees a high starting salary. This is very common in many parts of the world to secure top talent. I live in Canada and reached this salary bracket during my corporate career in tech when I was 25.
The numbers reflect the magnitude of this project and the amount of effort required to see it through.
As Ben the COO of Swarm explains, they
have bootstrapped this project.
This screams scam from the highest reaches of planet Earth.
Why are you the only person who sounds logical in this entire thread?
1000 BTC just for salaries? (1000 * ($600 * BTC)) = $600,000
So... I guess you are paying 10 people 60k a year salaries? for a
startup?
what? you have less than 10 people? now thats interesting, how much are you expecting as a salary?
Are you expecting to secure salaries for multiple years? Oh wouldn't that be nice!
Do you understand the concept of bootstrapping?
To successfully start a business you should be asking for ONLY WHAT YOU NEED.
What are your bills? $2000 a month? why should you expect any more than $24,000 a year? to start a business that is going to pay you? If you need $24,000 a year, why are you asking for $600,000?
Where is the breakdown?
People I could hire two programmers and build a crowdfunding platform, release a copycoin that it runs on and still not spend over $100,000. There seems to be $500,000 unaccounted for or severely mismanaged.
Please think before you invest. There are a lot of problems with this picture.