The dev dumped it.
Going forward, the best way to fund this coin is to have a smart contract community-funded community-escrow, like EXP has, and to reject any offers of a takeover that include an additional premine from the chain.
Q: What is the reserve? Why is there one?
A: The reserve is a set of funds managed by the Expanse Organization. These reserve funds are managed directly by the decentralized organization using smart contracts running on Expanse. The organization's funds are locked in a contract and made progressively available to the organization distributed evenly over time. 10% of the community reserve (1.1m exp) will be distributed to the foundation core slowly over time for long term development costs, with only 10% of that total available at launch to help with development and pay for initial bounties, with the rest of the foundation reserve to be slowly distributed to the team over a year using smart contracts, and the remaining 90% is to be used as determined by the Expanse Organization as a whole.
Q: How do we know the reserve wont be dumped on an exchange?
A: The vast majority of the reserve is controlled directly by the Expanse Organization decentralized entity, and is locked with smart contracts. Any use of the Organization's funds requires the mutually voted majority between the community, developers, and advisory board. It would not be possible to sell without mutual approval. Additionally, the funds are unlocked to the organization over a distributed time frame.
So, basically create a DAO that will slowly distribute the funds to the devteam, requiring majority vote on any changes?
