Re:The Parity fallout: Which ICOs are affected?
by touchofevil on Friday November 10, 2017 @06:32PM
(#15673998)
I didn't see anything in the article you linked to where Gevers says that the amount ($20 million) the Tezos company would sell itself to the foundation for is excessive. As I understand it, that was always the arrangement. The amount the company would sell itself for was a percentage of the ICO funds raised, I believe.
I do agree that the situation is a shitshow.
PS: What a shitshow. These people are amateurs who have been given $500m, and I wouldn't be surprised this project amounts to nothing.
Based on how I'm reading this, I don't think this Gevers character is entirely wrong on how he's acting. But the article doesn't mention any bonus.