Ethereum founder and CEO Vitalik Buterin announced his decision to donate the funds he has received as a board member of OmiseGo and Kyber Network to charity and to various incipient ecosystem projects.
The developer used his official account on the social network Twitter to inform the community about his decision, receiving multiple messages of support, requests for donations and also some more serious questions about the cause of such initiative, especially with regard to trust in such projects. He also received questions regarding the controversy over Raiden's Initial Currency Offer (ICO).
OmiseGo is a financial technology based on Ethereum usable in digital portfolios, which allows real-time p2p value exchanges and payment services. Currently has a market capitalization of 802,810,089 dollars, which places it in the 12th place in this ranking where Bitcoin and Ethereum dominate. Each OmiseGo token has a value of $ 8.17 today. In recent days it had a positive behavior in its price, which brought it to the top-10 of cryptoactive. However, Buterin will dispense with these funds in favor of other projects.
On the other hand Kyber Network is a project that seeks to offer a new system for the exchange and conversion of digital assets from rich payment APIs and a new contract portfolio that allows anyone to receive payments transparently through any token . And even though its cryptoactive has not reached remarkable levels in terms of capitalization, according to what is published in its official Twitter account, the team fully supports the decision of Buterin .
In order to qualify for these funds, Buterin explained that the projects must meet certain characteristics: they must be 100% open source, without a profit scheme (including the Initial Currency Offers (ICO). "[A] Infrastructure projects open source that are currently struggling to get funding without the ICO + token path, I hope this can help, "he emphasized in his tweets.
BUTERIN'S RESPONSE TO RAIDEN'S ICO
However , there is an important reason for Buterin's decision: the announcement of the launch of an ICO by Raiden , one of the oldest projects in the block of Ethereum whose aim is scalability. The user was Udi Wertheimer who addressed the issue, receiving a sharp response from the CEO of ethereum , who also referred to Nuco, Aion and other network - based projects that plan to carry out such deals.
The offer will be made in October and seeks to raise sufficient funds for the development of a payment protocol. Brainbot and its co-founder Heiko Hees are responsible for the project, which has justified the launch of the RDN token due to the need to apply "commissions" to payment transactions.
However, the decision has been questioned by the community, and via Reddit the criticisms have multiplied: Raiden had been raised as a project of profound importance to the network, alongside Lightning Network in the Bitcoin blockchain, and not as the way to "make someone rich"; a decision that is politically and morally questionable according to the users , which revalues the decision to donate the funds of the founder of Ethereum, and for some it jeopardizes the fulfillment of the solution for the network.
I ven the founder of litecoin, Charlie Lee, very active on the social network Twitter, used the announcement of the ICO Raiden to launch a scathing commentary, emphasizing how unnecessary it is the token for the solution that aims to offer the project to ethereum. " So disappointed to see Raiden (ie, Lightning in Ethereum) go for a cash collection . You do not need a token, "he wrote .
I DO NOT WANT "MORE" 'LAMBOS'
Contrary to capitalization interest, Buterin added that his participation as a project consultant was not to become owner of " more" luxury cars , referring to the possibility he would have to buy them with the ethers he owns, adding that he has no 'lambo' - in reference to the Lamborghini luxury car brand.
" Making it very clear that he never advised the ICOs to bring me more lambos"; wrote in a first tweet, then clarified: "more in the sense of more than I could buy with just my ETH; to oday I have zero lambos. "
"I am conducting 0% in Lambos' - Vitalik Buterin," joked the member of the Ethereum Foundation, Alex van de Sande, on the comment, showing the good reception that the decision had and the responses of the Russian in the community.