Thank you for your delegation, we appreciate it a lot! Having many smaller delegations would only allow us to distribute SMT more evenly.
Lets say hypothetically, our goal to raise is 10 million USD for the development, we are not saying this will be the cap, but just for an example. We will create 12 million SMT coins in total/There will be different distribution mechanics for current users, some free tokens maybe etc. 10 million will be actual ICO with a fixed price 1 SMT = 1 USD.
500k will be an ICO presale. The rest of 1.5 million will be distributed to current BeScouted members and early delegators.
So lets presume we have 300 000 in SP delegations, so we will distribute those tokens 1 Delegated Steem Power for 6 month = 1 SMT = 1USD.
What will happen after an ICO in a secondary market we can not tell as of right now. The price may drop to 10 cents or it can go up to 10 USD per SMT. All is hypothetical and we do not want to speculate here.
But the point is that delegators will get an amount of BeScouted SMT at fixed presale price. The amounts and prices here are just for hypothetical discussion.
What we would like to happen is to get as many people as possible involved, have their vested interest in BeScouted, spread the news, and be active participants in BeScouted Eco System.
Be involved in a discussion with the community, hear out their ideas, and listen to what they have to say and what tools solutions they would like to see on BeScouted as a marketplace and after summarising implement the ones that benefit the community the most. We are asking everybody to send their suggestions or ideas to [email protected]
We could raise money through a VC, but raising through a VC has some disadvantages regarding freedom of action. We want to try and build a community for the community by the community with BeScouted as a coordinator of an effort as so many amazing open source projects fail due to the lack of that "push".
So why not just do something that was so hard to do prior to the blockhain and give it another try now when we have the technology in place and let people decide for themselves, take control and responsibility into their hands and see how it develops?
The power of a collective mind, experience and knowledge is immensely strong we just need to find a way how to harness it and make the most out of it.