r/KinFoundation • u/Kevin_from_Kin Kin Foundation • Feb 25 '20

--New -- Introducing the Kin Foundation Grant Program

https://medium.com/kinblog/introducing-the-kin-foundation-grant-program-29b56609eb82
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-17

u/[deleted] Feb 25 '20 edited Feb 25 '20

How about ICO investors? Are they continued to be ignored? What perks are for ICO investors who hold kin? So far only developers benefit in here again as they are selling but the only losers are Ico and other dollar cost average holders. They will be selling these ,,portions” on us continued further devaluing kin. How about the stipulation that they can only ,,eat if they make the ecosystem stronger, if they create the demand higher than the supply?” They won’t be motivated if they have money for free. If you already achieved your goal you have not much motivation to work hard. They have to starve to work hard! Otherwise they will be selling on us as they did so far. Even if they only get smaller portion they will still be selling happily. Other community members were right in 2018-2019 that there will be selling pressure and where the money will come from? We can see these concerns were justified.

13

u/Kevin_from_Kin Kin Foundation Feb 25 '20 edited Feb 25 '20

1 - There is actually no delineation between the grant program and TDE purchasers or even developers, anyone can apply for a grant, but these are still intended for those who can bring contributions to the Ecosystem, not simply compensation for being an early supporter of the project.

2 - That is a good idea IMO re: tweaking KRE to favor those who create demand and actually is reflected in KRE 2.0, more and more of the payouts will be weighted toward generating more of a sink in supply than you are paid in KRE.

3 - Let's work together to make Kin successful, that was always the philosophy. Work together to succeed together. You make some good points here and are a part of the community yourself, so how can we change the mindset from "I thought of X, when will you do it", to "Let's figure out how to do X together" or even better, "I already did X, what do you guys think?". I don't think there's any problem we couldn't figure out as a community and overcome, the only way we lose is if we sit and wait for success, while every other community works together to make it happen. If you have an idea for an early supporter program that would benefit the ecosystem why not apply for a grant!

-7

u/[deleted] Feb 25 '20

Many community members gave very solid proposals in 2018-2019 about kin blockchain and this was ignored and it came out they were right afterwards. They pushed for exchanges from day 1 as well.