Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Syscoin - Business on the Blockchain
by
slex
on 04/09/2014, 20:41:43 UTC
Quote
- Moolah has still not released the full presale funds to us- we are asking that they clarify the situation with these funds by 9/7

I am unsure as to what you are requesting clarification on, as the terms have been made extremely clear to the Syscoin development team. In case there has been some confusion however, I'll publicly clear this up now.

We currently have 750 BTC, as well as 250 BTC worth of Syscoin. Your development team has already received 500 BTC ($245,000) for pre-existing expenses, and we are holding on to the remaining 750 BTC to release on a staggered basis, as per the public agreement that you committed to. The 250 BTC worth of Syscoin is set to be released along with the final staggered BTC payment, which is something you are additionally aware of.

I am mostly unavailable this week due to prior commitments, but will respond as and when available.