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Are those things really comparable in scale? It looks like the typical ICO with a half-decent execution and product backing it raises a few million dollars.
by akvadrako 9y ago
Are those things really comparable in scale?
It looks like the typical ICO with a half-decent execution and product backing it raises a few million dollars.
- Arathorn 9y agoYup, you're right that Patreon-style donations are typically $1K-$10K a month, whereas an ICO can produce millions of ether or bitcoin. So it's a tricky compromise: whether to pause core Matrix work to pursue an ICO (on the assumption that the ICO bubble doesn't pop in the next few months)... or whether to try to get corporate funding/sponsorship and Patreon-style donations in order to keep laser-focus on the Matrix core. As per the earlier post: we haven't closed the door on an ICO; it will likely depend on how much sponsorship we get in the next few weeks.
- akvadrako 9y agoI agree it's a hassle - it would be nice if there was something like a kickstarter for ICOs.