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Everscale Foundation Officially Launches – Press Release Bitcoin News
press release
PRESS RELEASE. Zug, Switzerland, 4 September 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 barriers between Everscale and the outside world.
Back in late 2021, the Everscale community supported a DAO initiative to create a real-world representation of the network. At the end of August this year, all the necessary registration procedures were completed and the non-profit organization Everscale Foundation has now officially launched in Zug, Switzerland – the gold standard location for international NGOs. In full accordance with the original vision, the main areas in which the Everscale Foundation begins to carry out its tasks are as follows:
Representation
The Everscale Foundation will increase the network’s publicity and provide a single entry point for journalists, developers, influencers, public bodies, etc. The Foundation will form professional working groups and develop the necessary interfaces. These may include PR, GR and marketing efforts.
Grant program
The foundation will be the main destination for qualified projects that want to develop and create their products and businesses at Everscale. The projects that add the most value to the network can receive support from the foundation. These can range from core infrastructure developers (nodes, system tools, etc.) to various projects in the DeFi, NFT, GameFi, metaverse and IoT spheres, or other areas determined through voting by Foundation members in accordance with the current market context.
Intellectual property management
The foundation will be the place where the network’s important intangible assets such as trademarks, domains, patents, etc. are stored and will protect such rights in the courts if necessary.
Legal support and compliance support
To provide a better understanding of Everscale and facilitate listings of ecosystem tokens on exchanges, trackers and analytical resources, the Foundation will take the lead in preparing and keeping updated versions of relevant legal documentation, including but not limited to legal documentation opinions, compliance policies and so on .
Marketing and popularization
The Everscale Foundation will act as a popularizer of the network and its ecosystem, which may include participating in various industry events, publishing content, forming public opinions on various industry topics, and participating in industry working groups to represent the interests of the ecosystem and industry.
Although the Everscale Foundation will be appointed to perform a wide range of critical tasks, it will not become the centralized management system for the Everscale network. As it is distributed by its nature, Everscale has many passionate and supportive individuals and institutions forming alliances and unions to enhance the network’s growth, and the foundation is just one of them. The Everscale Foundation will in no way control Everscale – it will only carry out the tasks delegated to it by public consensus within the framework of the allocated funding. The only actual control possible in the Everscale network is the public consensus achieved through voting with Everscale’s native tokens – EVERs. The Foundation’s decisions are not legally binding on Everscale community members; However, the foundation can operate and sign all agreements on its behalf within its powers.
About Everscale
Everscale is a 5th generation layer-1 PoS blockchain network. It is lightning fast and is the most scalable blockchain out there. Everscale is one of the most technologically advanced blockchain networks, incorporating all the blockchain innovations and concepts of recent years. Its versatility gives it the potential to become a decentralized hub for many blockchains and resource-intensive applications such as GameFi, DeFi, microtransactions, real-time bidding, etc. Due to its dynamic multithreading and sharding technology, there is always more room to add capacities to handle any load, allowing the network to scale almost infinitely – something no other blockchain can offer.
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