With all of the fallout in regards to Moolah’s announcement earlier today, the first thing in my mind was : “What happens to SysCoin’s presale funds?” Apparently I wasn’t the only one thinking along those lines, as the developers have released an update in regards to the funds. Oh, and RC3 of the new SysCoin client is now available!
As things stand right now, Moolah, who provided the escrow for SysCoin’s presale a while ago, still holds 67% of the collected 1,500 Bitcoin. A full release of the funds is currently being negotiated between both parties, in order to continue with the planned development of SYS.
