IBT news - Razormind's DeOS crowdsale raises $1.9m of Bitcoin in first week

in crypto-news •  9 years ago  (edited)

First-week total secured minimum threshold for development and release of decentralised platform.

Ian Allison By Ian Allison
July 27, 2016 21:38 BST

After just one week, Razormind's crowdsale for its blockchain powered DeOS (Decentralised Operating System) raised 2,947 BTC ($1,936,031) in exchange for DEOS tokens, the platform's provisioning currency.

DeOS is a global public blockchain as a service, which will allow users to securely register their assets, identities, auditable records, data, and run smart contracts without the pay-as-you-go "gas" model as with Ethereum, said a statement.

More in the article itself:

http://www.ibtimes.co.uk/razorminds-deos-crowdsale-raises-1-9m-bitcoin-first-week-1572917

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In the crowdsale page it says:
"Unsold tokens will be released via smart contract to the DeOS Foundation in slices of at most 1M annually."
Am I the only one who thinks this is a bad and very disturbing joke?
This means that the foundation will get millions of tokens out of the total 11 million created (in addition to the 1 million already assigned to it).
centralization anyone? Pass...