Heard about this on slack. Great way to even further expand the community! I didn't catch where the funds were originating from. I assumed it was through token slated for dev costs?
No, it actually comes from generous community members and members of the "ecosystem club".
They recognized the potential and acted accordingly.
That's exactly what good investors do!
Everything came from the community, there was no premine, not 1 Iota was allocated to the devs. The community donated close to 5% of total Iota supply to Foundation long after ICO. The core dev team bought all of there Iota during ICO.
Just to be more clear, this fund is not part of previous donations/funds, it's a totally different fund;
(1)The communities donated to the IOTA FOUNDATION
(2)The communities has donated to the "big deal" (still mostly behind the scenes)
(3)Now the communities has come together and created and funded the "ecosystem club" and it kind of work hand in hand with IOTA FOUNDATION funds as well.
Great job to everyone that has participated in those donations!
I am very grateful for our communities' willingness to think above themselves.
In the end, if we stick together, it will all pay back.
If I have missed some other efforts, please let me know.
