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Per Stripe's original announcement[0] in 2014 – the net profits from any sale go back to the Stellar Foundation: >> When the opportunity arose to help Stellar
by bushido 9y ago
Per Stripe's original announcement[0] in 2014 – the net profits from any sale go back to the Stellar Foundation:
>> When the opportunity arose to help Stellar, we enthusiastically agreed. A couple of months ago, Stripe contributed $3M to help get the project going. In return, we received 2% of the stellars. However, the project is not run by Stripe. We just believe that a system with properties like Stellar's should exist in the world, and we heartily encourage anyone interested to participate in its development. We're going to auction a majority of our stellars to other interested companies, with any net profits being returned to the Stellar Foundation
[0] https://stripe.com/blog/stellar https://stripe.com/blog/stellar
- aaronmarks 9y agoDoesn't say the net profits from "any sale" go to the Stellar Foundation, only the net profits from the "auction [of] a majority of [their] stellars." Presumably they could sell for profit their 1 billion stellars for profit without violating this pledge.