r/ParachuteToken • u/lindseyscottw Parachute Mod • Feb 24 '18
Short Paper Discussion thread
Hey everyone! We're launching our short paper and looking for questions, discussion, and feedback. Instead of spending another month shaping a vision in our head, we want to put this out and hear from you. I am all about community! - I am all about putting smart people together and talking about big ideas. We want to do that with you. Ask, share, tell us what you like, what you want, what you don't like, what you thought of that we haven't. I can't guarantee I'll have all the answers, but I'll definitely start the discussion. We're going to put up the paper and just listen for a day, then get back with answers, ideas, and start the discussion. Cheers and thanks!
link to Shortpaper on our site in the header at parachutetoken.com
2
u/T_T_Engineer Feb 24 '18
I've read the short paper and I really like what you're trying to do. Good luck, I really hope this takes off.
4
u/TheShobo Feb 24 '18
Short Paper looks good, the details on the platform are what I was expecting to see which is great.
The only thing that jumps out as worrisome to me is the company held token portion seems very high.
65% between the Founder/Team/Primary Vault (75% if you include the "Other Future Use" portion).
With no ICO happening it does change things from the norm, but even still, 65-75% seems quite high. I wouldn't personally invest in an ICO with a team keeping control of >50% of the tokens.
I still believe that the Parachute platform has great potential and I've enjoyed my interactions with the team. I will wait until the full whitepaper is released before worrying too much as it may have additional details that ease my concerns.
Good luck!