So they are taking money from the ICO and using it to help onboard customers to EOS once it launches?
RE: BLOCK.ONE and TOMORROW BLOCKCHAIN OPPORTUNITIES announce formation of EOS.IO Blockchain Focused Fund.
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BLOCK.ONE and TOMORROW BLOCKCHAIN OPPORTUNITIES announce formation of EOS.IO Blockchain Focused Fund.
I believe the statements made so far indicate that some of the ICO money is being invested in Distributed Applications projects, via VCs, before and after the launch.
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Remember the fund received from the token sale are revenue to block.one. They are apparently using a lot of this to reinvest in the EOS.io ecosystem. This is a great move and will build strength for the platform. Would you rather they just paid it to themselves as earnings/dividends? I would imagine some will be deployed in the form of grants and loans, but most probably in early stage venture capital funds and other pre-ico investments to new dapps.
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