See the Original Post Here:
As Ethyl’s software has improved and we get closer to launch, it has occurred to us that we underestimated how expensive IoT can really be.
At first, it was me and a few developers, but recently a few business-minded people joined the team and pointed out our miscalculation. The entire funding approved for Ethyl is now worth 100k USD total, which is not even enough to pay for two developers, let alone an entire team (and research, and business-minded people, etc.)
As such, a fee adjustment has been proposed as follows.
Milestone 1: 150k XEM to 500k XEM
Milestone 2: 135k XEM to 500k XEM
Milestone 3: 140k XEM to 500k XEM
Comments on this should be posted here or in our Telegram Group.
Voting will commence once there is sufficient community support.
- Ethyl team