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RE: The Tezos ICO approaches and it will be the biggest since Ethereum
As many other new cryptos who copy-paste Bitcoin and Ethereum code, Tezos built their own from the ground up.
But one information bother me. In this case, founders get 8.5% of the fiat proceeds in cash in addition to 10% of the tokens. This means, even if their projects fails, they will become extremely wealthy.
@dana-edwards @michiel what is your opinion?
A good point.
The more important question is whether or not they can build it. If it can get built then it doesn't matter to me that they become extremely wealthy because the whole platform will be a big deal. If it fails and they become extremely wealthy then it's an issue.
Their tokens should be vested, as in locked up for at least 1 year.