So what does MOONFUND really give you?
The MOONFUND tokens have value because they will be bought back in terms of BTS in the future through Moonstone delegate income.
Besides the potential profit motive you also help the Bitshares application ecosystem get kickstarted as startups rarely have the funding or time to develop the lower level stack. We want to make higher level service oriented startups easier to build.
Remind me again. What is the plan for the Moonfund donors in the unlikely scenario that you do not meet your goal of 130K USD? How if at all do you plan to make such sponsors/donors whole?
Is it again the same principle - try to get N delegates elected and buy the Moonfund token at 1 BTS a piece? Or will those donations be treated as no string attached tips and no attempt will be made to pay them back?
PS
Do not get me wrong... I love Moonstone (as well as the Moon and The Stones), but just trying to decide on most appropriate trading strategy for my moonfund tokens. And for that I need clarity on the rules.
This so hard. I haven't donated yet because it's unclear to me how this whole thing is going to be handled.
If we don't reach our goal then we will make just the frontend open source under the more restrictive GPL3 license and keep the backend closed source. 3rd party applications will still be able to use our backend in a trust-less manner very similar to how
Chain works. The Bitshares startup ecosystem will in our opinion still profit from this, but open source is always better in our opinion.
Regardless of whether we reach our goal or not, the wallet will be released and all transactions going through our servers will ask for the pre-set (but opt-out) delegate list. We will continue with the buybck of all MOONFUND tokens in the market as planned even if we don't reach our goal.