OST token sale funds will be used for the development of the protocol, prototypes and proof-of-concepts, marketing, strategic partnership developments, operations, legal, security and administrative expenses. The Foundation shall also support projects that serve to further the mission and goals of the Foundation. The Foundation shall have an independent Board of Directors of 5 members, with oversight over such matters as: token supply, token distribution, and allocation of Foundation resources. The Foundation shall make its financial reports public, submit to regular audits, and ensure proper use of funds to support the mission of the Foundation.
More details can be found in OST Terms and Conditions.