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That's a fair response. That said, it's worth noting: > The Project Sponsors received a minority participation (7.5%) of HNS in the interest of aligning all st
by xur17 7y ago
That's a fair response. That said, it's worth noting:
> The Project Sponsors received a minority participation (7.5%) of HNS in the interest of aligning all stakeholders, including industry. All of the 10.2MM USD collected from Project Sponsors (Funds and Individuals) will be given to Free and Open Source Software projects.
The rest was all airdropped in an attempt to get wide distribution / get it in the hands of as many users as possible.
- duskwuff 7y agoHonestly, that doesn't allay my concerns at all. It all reeks of a pump-and-dump scheme. (I'm not saying that Handshake is trying to execute this scheme, but that they remind me of other projects which have done so.) The pattern for these projects is pretty predictable: Promise amazing things from a technical project associated with a cryptocurrency token. Premine a bunch of those tokens and give them to insiders, then airdrop the token to create a market. The insiders sell off their tokens, and the project is forgotten.