I notice that there is a huge amount of tokens in reserve from 45-72% of tokens.How will that be distributed, are you keeping those for the team?
The reserve is there for spending at certain milestones. If the ICO raises the maximum amount that should be enough for all of the engineering and prototyping to get at least the first seastead in the water. The reserves will be sold down the road to build more seasteads.
The thinking behind this is that so many of these ICOs raise their full amount of money in the first round then you see the founders out driving lambos and going on kick ass vacations and never actually getting around to doing what they promised (why would they? they have the money). With holding a reserve, Blue Frontiers has the incentive to do well so that they can sell the tokens down the road to continue the project.
Everyone in the project wants this to happen, it's not about the money but the vision.
Thanks for reassuring me, I see you understand at what was I aiming initially
So that means that later there will be more sale events if I understood you properly.Would that be private sales or public ones in later stages if you will need to sell more?
I believe the plan is to sell OTC or on an exchange as needed once they reach those milestones. It will be gradual, trying to not disrupt the market.
The money they make in the ICO will be split between ETH, BTC, EUR and USD to pay out salaries and contracts for construction. Hopefully BTC and EUR values go up so much that they never have to touch the reserves
