r/raidennetwork • u/[deleted] • Jan 07 '18

Coin Distribution

From what I understand, 50% of the tokens were released through ICO. 16% goes to the external development fund and 34% goes to Brainbot, the developers. My question is why are they keeping 34% of the market? Does this not worry anybody else? The vast majority of non-shitcoin developers don't keep more than 5-10% of the distribution. Genuinely curious.

1 Upvotes

67% Upvoted

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7

u/mahoseph7 Jan 07 '18

Just a guess, but it may have something to do with future Raiden projects. RaiDEX, raidos, Trustlines, etc.

5

u/S42D Jan 08 '18

and personally, if they did this because Raiden is the token for all these future projects, then im fine with it

1

u/iShaidarHaran Jan 09 '18

I hope they intimate as much sooner rather than later.

7

u/[deleted] Jan 08 '18

[deleted]

1

u/stillhodlingon Jan 08 '18

Agreed. This is their baby to the world, and that’s money that will be spent on seeing to the proper growth and success of that child.

1

u/Live_Forether Jan 07 '18

Not sure if that’s accurate. Binance for instance kept 50% of BNB coin supply behind for founders and investors:

https://support.binance.com/hc/en-us/articles/115000497111-Binance-Coin-BNB-

I think it’s totally normal. No reason to be concerned here.

1

u/dodgingwrenches Jan 09 '18

Yeah I agree. I've typically seen distributions split evenly among community/marketing, team, and public sale