Use of Proceeds

We are heavily prioritizing development, and will be dedicating the majority of the funds raised to finance the engineering, programming, testing, analysis, and technical refinement of the different project components. This category includes the costs associated with security audits, external research consultancy, and bug bounty payments.

We do recognize the value of community and ecosystem outreach, however, and want to ensure that we have sufficient funding to be able to finance efforts along these lines. Our Marketing budget is intended to cover the costs associated with these efforts. These funds are also meant to help to establish and maintain partnerships and relationships with other projects and teams in the industry as needed.

The Operational and Legal allocations reflect our current estimations of the potential costs and overhead that these activities might respectively incur. The Miscellaneous category is intended to cover the unforeseen expenses that the project or team might eventually encounter, and serve as a “rainy day fund” for the outlays that do not clearly belong under any of the other aforementioned umbrellas.