Press release
Press release. Zug, Switzerland, September 4, 2022 – The Everscale Foundation is officially registered as a non-profit organization to facilitate the growth of the Everscale Network ecosystem, attract new developers, and further expand the international community. The Foundation’s mission is to remove the barriers between Everscale and the outside world.
In late 2021, the Everscale community supported the DAO initiative to represent the network in the real world. By the end of August this year, all necessary registration processes were completed, and the non-profit Everscale Foundation has now officially launched in Zug, Switzerland – the gold standard location for international NPOs. As per the original vision, the key areas where Everscale Foundation is starting to perform its duties are as follows:
Representation
The Everscale Foundation will enhance the promotion of the network and provide a single entry point for journalists, developers, influencers, government bodies, etc. The Foundation will form professional working groups and develop necessary interfaces. These can include PR, GR and marketing initiatives.
grant program
The Foundation will be the premier destination for eligible projects that want to grow and build their products and businesses at Everscale. The projects that bring the most value to the network may receive support from the Foundation. These can vary from core infrastructure developers (nodes, system utilities, etc.) to various projects in the DeFi, NFT, GameFi, Metaverse, and IoT sectors, or through voting by Foundation members according to the current market context in other areas. decision can be taken. ,
intellectual property management
The Foundation will be the place where important intangible assets of the network such as trademarks, domains, patents etc. are stored and will defend such rights in courts, if necessary.
Legal and Compliance Support
In order to provide a better understanding of Everscale and facilitate the listing of ecosystem tokens on exchanges, trackers and analytical resources, the Foundation will be leading the way in preparing and keeping up-to-date versions of relevant legal documents, including legal But not limited to opinions, compliance policies, and so on.
publicity and popularity
The Everscale Foundation will act as a popularizer of the network and its ecosystem, participating in various industry events, publishing content, forming public opinion on a variety of industry topics, and participating in industry working groups to represent the interests of the ecosystem. may involve. industry.
Even though the Everscale Foundation is being appointed for a broad spectrum of critical duties, it will not become a centralized governance system for the Everscale network. As distributed by its nature, Everscale has many passionate and supportive individuals and institutions forming alliances and unions to fuel the growth of the network, and the Foundation is just one of these. The Everscale Foundation will not control Everscale in any way – it will only perform the duties assigned to it with the consent of the public within the framework of the allocated funding. The only real control possible in the Everscale network is public consent through voting with Everscale’s native token – Evers. The Foundation’s decisions are not legally binding on members of the Everscale community; However, the Foundation may operate and sign any agreement on its behalf within its powers.
About Everscale
Everscale is a 5th generation layer-1 PoS blockchain network. It is very fast and is the most scalable blockchain in existence. Everscale is one of the most technologically advanced blockchain networks, encompassing all the blockchain innovations and concepts of recent years. Its versatility gives it the potential to become a decentralized hub for multiple blockchain and resource-demanding applications such as GameFi, DeFi, micro-transactions, real-time bidding, and more. Because of its dynamic multithreading and sharding technology, there is always more room to add capacity to handle any load, so that the network can scale almost infinitely – something that no other blockchain can offer.
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