I am also wondering about the future for Cloak, after the dev fund.

If we make a conservative estimation with 2,5 mio Cloakcoins staking and giving 1% to the fund with and average price on $20. That gives $500.000 in passive income for the first year.
 
That may sound like a lot of money, but ofc no team will ever say they can have enough money And this can also go up exponentially with the price increasing just a bit.

- But what I really just am trying to ask is - How are you guys planning to use the money? What are the cost of a dev working full time? Is Deepend even working full time at the moment?
- How are the rest of the team looking at it if ''only'' the devs are gonna be paid for their work since they are the last one joining the project, but the first one to feel it on their bank account?

So basically just wont to know in as much detail as possible how the plan for the money spending is looking !


AND when the Cloakcoin has established the fund, converted to the LTC codebase, made wallets online and on the different mobilephones, ofc this is not before 2019 if everythings goes smooth. What is the dev funds money then gonna be used for? - I know you guys probably are gonna say developing, but when I look at Cloak and where it has it focused it is very small - Privacy transactions. If all the above is developed and the products is working, then what? Are you guys then gonna go outside your box as privacy transactions and now focus on other things aswell or?

Since Bittrex listing years back, you guys have hardly got listed at a good exchange. Are there any other exchanges in plan? [...]

[...] Cloak's value has been damaged quite a lot in the past couple of months, I mean, more than my other holdings.

I think they will put a roadmap of funds when they release they will be adding a dev fund. I know on the cloak chat one of the big things they have mentioned with a dev fund is 2 things, Marketing and full time staff. There is a large emphasis on marketing because that is arguably where we lack the most. What we will be doing with a full time staff is most likely 2 things: full time marketing staff and Code staff.

Deepend and all the rest of the devs are all doing this on their spare time. As far as I know none of them are full time (at least not officially).

I hope this answered a few of your questions but I can promise you the Devs will release a more rigid and detailed roadmap once they are ready.

Hello Friends!
 I have notice that Claok is listed on CoinMonkey exchange and just wanted to here from you did anyone tried their services, are they legitim? [...]

btw what happened with http://forum.cloakcoin.com/ ?

Thank you guys for the update and answers on the questions, I think we are many who appreciate this.

Really nice to see an article in a big ''in real life'' media to bring more attention to the project. That for me, really shows that this project is also starting to be taken serious in the real world and for me that just got an extra check mark for Cloak.
- Unfortunately it was written in German, but looking forward to see the english version though

The website is gonna be upgraded, any timings for that? - To be honest. I'm only looking forward to the blog implementation/news so I can easily stay updated without going through a lot of channels and posts, and hopefully getting more frequently updates from the team in an easy way to communicate.

The crypto conference in Berlin is gonna be really exciting to see how much attention you guys are gonna have, and if any partnerships might come out of this event. Hope we are getting an positive update afterwards

Tom Gridland is trying to get Cloak accepted on online stores and in different industries. Can you say anything about how far you guys are with this partnerships. Are some at a point where they will accept Cloak or is it still at a meeting phase?
- How are they looking at Cloak at the moment with so small volume, so if they actually accepted Cloak they might devalue their own wealth by selling to realize their income?
- And what are they thinking about the project is still a good half year or more to implement LTC codebase. Are they a bit retaining because they don't know how that will role out, since the new codebase still needs a test phase, audit etc etc that might cause problems and security problems for anyone using in the future, and therefor delay the hole implementation?


Looking forward to see the article from Ming Pao, and it is also really nice to hear you guys have Nele Marie Palipea helping with the chinese community, she writes really nice and knowledge generating material !



And ofc - A few month ago a member from the team had a meeting with a few devs from IOTA, and we could hear the outcome but was up to the rest of the team. So what was the outcome?