BlockChain Presence "It's really hard to design products by focus groups. A lot of times, people don't know what they want until you show it to them." - Steve Jobs The team involved in each startup will have a self-enforcing smart contract that will guarantee the rights of each person that acquires the tokens initiated by the startup. This is achieved via the DSTContract, where DST stands for Decentralised Startup Team. In this section we will provide an overview of the different aspects of the contract, for the technical description please refer to the [Smart Contracts Description] appendix. Token offer The startup is an group of developers looking to fund their project’s R&D activities. A fundamental aspect of the contract is holding the actual funds collected from the community. There are 2 stages of fund collection: • Offering tokens during the period of the hackathon. The DST will receive the HKG token in exchange for the particular token a team is offering. • After the hackathon event is over. The DST can receive Ether in exchange for the particular token a team is offering. You will find more on the tokens value and rest of the funding discussed in [Post Accelerator Period].

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