I think the short answer is that it was not funded. The long answer is that they probably did it "for free" for company equity as the assumption is that Koinos Group would one day be a valuable company if it's job is to provide enterprise services to businesses on a desirable chain. I also don't work there and don't have any internal information though.
But I guess it's not really that weird since there's a perception that any compenstation for a job well done is always unfair in someone's eyes, no matter what. Which is itself unfair.
And it's much harder to make that dumb accusation if there's nothing on the table.
It's also possible that someone or someone(s) on the team self-funded them. We're in the cryptocurrency industry after all. I have no idea though and probably shouldn't speculate. They can speak for themselves if they wish. As of now (after launch) they are actually receiving funding from outside sources though.
I think the short answer is that it was not funded. The long answer is that they probably did it "for free" for company equity as the assumption is that Koinos Group would one day be a valuable company if it's job is to provide enterprise services to businesses on a desirable chain. I also don't work there and don't have any internal information though.
Yeah. That's weird.
But I guess it's not really that weird since there's a perception that any compenstation for a job well done is always unfair in someone's eyes, no matter what. Which is itself unfair.
And it's much harder to make that dumb accusation if there's nothing on the table.
It's also possible that someone or someone(s) on the team self-funded them. We're in the cryptocurrency industry after all. I have no idea though and probably shouldn't speculate. They can speak for themselves if they wish. As of now (after launch) they are actually receiving funding from outside sources though.
Yes, we self-funded through main net completion.
It's quite normal for non-crypto startups.
This is correct. Also, founders such as myself invested capital. We actually spent money to build the blockchain and our company.