From the FAQ:
What does block.one plan to use proceeds from the EOS Token distribution for?
As a private company, proceeds of the EOS Token distribution will be utilized by block.one in its sole discretion. block.one intends to use certain of the proceeds for general administration and operating expenses, as well as to build a blockchain consulting business focusing on helping businesses re-imagine or build their businesses on the blockchain, developing more open source software that may be helpful to the community and building decentralized applications using EOS.IO Software.
Will block.one be contributing to the EOS Token distribution?
No, during the entire EOS Token distribution period, block.one will not do any of the following:
- block.one will not purchase EOS Tokens by any means;
- block.one will not pay any dividends to its shareholders; and
- block.one will not perform any share buybacks.
block.one intends to engage an independent third party auditor who will release an independent audit report providing further assurances that block.one has not purchased EOS Tokens during the EOS Token distribution period or traded EOS Tokens (including using proceeds from the EOS Token distribution for these purposes). This report will be made available to the public on the eos.io website.
Question... how can you put an account at Steem "blockchain" to -10 with a click?
Thats a legit question I have now before I invest any cent in any token from your "blockchains" in future. Not looked at the case in detail but thats worse than the centralized cencorshipment of fb & reddit combined im my eyes.
@Dan - I have read your faqs already. So let me ask a couple of questions that your FAQs do not tell me.. When will this audit be available? And why are you continuing to move so much ETH. 180k now worth nearly $4million.. do you really need that much already to start your business. All I have seen is the fact that you have hired 4 people.
Can you link the FAQ page?