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faq_particl_foundation [2017/11/04 14:56]
dros created
faq_particl_foundation [2018/02/22 03:44] (current)
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 The Particl team and advisors filed the necessary paperwork, with the assistance of a Swiss-based law firm, to establish a non-profit foundation domiciled in Switzerland. The Particl team and advisors filed the necessary paperwork, with the assistance of a Swiss-based law firm, to establish a non-profit foundation domiciled in Switzerland.
  
-### What is the purpose ​of the foundation?+====What is the Particl Foundation?​==== 
 +The Particl Foundation ([[https://​zg.chregister.ch/​cr-portal/​auszug/​auszug.xhtml?​uid=CHE-406.079.290|Particl Stiftung]]) is a non-profit Swiss foundation registered in Zug on July 2017 with the help of [[https://​www.mme.ch/​en/​|Swiss law firm MME]] enabling ​the organization and deployment of funding and logistics to ensure the safe development of the Particl project and vision. [[https://​zg.chregister.ch/​cr-portal/​auszug/​auszug.xhtml?uid=CHE-406.079.290|Particl Stiftung]]’s foundation status provides legal protection and resources to the Particl project ensuring its sustainability and compliance to current and new regulations.
  
-The foundation and its board will strictly ​function ​as an entity with the mission of providing funding and support for the Particl ​Platform, ​the continued development of the Particl ​Network ​and academic, non-profit & for-profit ​development ​of enhancements for the Particl ​Platform ​and privacy domain. The foundation ​will not govern nor make choices ​for the network itselfas the network will be governed in decentralized manner ​by the native voting system directed by the network token holders themselves.+====What is the Particl Foundation'​s purpose?​==== 
 +The foundation and its board strictly ​functions ​as a legal entity with the mission of providing funding and support for the Particl ​platform. It will also ensure ​the continued development of the Particl ​project ​and stimulate ​academic, non-profit & for-profit ​opportunities as it relates to the enhancement and promotion ​of the platform. The Particl ​Foundation also assures the **full legal compliance of the project with local and US laws** 
 + 
 +====Where is the Particl Foundation located?​==== 
 +The [[https://​zg.chregister.ch/​cr-portal/​auszug/​auszug.xhtml?​uid=CHE-406.079.290|Particl Foundation]] is registered as a non-profit ​foundation ​(Stiftung) in Zug, Switzerland. 
 + 
 +====How does the Particl Foundation funds its operations?​==== 
 + The Particl Foundation’s funds come from both a token swap (1:1 for SDC:PART) and Bitcoin donation campaign that lasted from March 17th 2017 to April 15th 2017 and raised ​the total sum of ~590 BTC. The Foundation also holds 996,000 PARTs meant for second donation raising campaign that is currently scheduled for Q1 2018. Particl Stiftung also has developed and implemented a self-funding mechanism on top of Particl’s proof-of-stake algorithm which rewards 10% of all block rewards to a fund controlled ​by the Foundation. 
 + 
 +These funds are for meant to support and promote ​the Particl project by, for example, hiring more developers, initiating marketing and PR campaigns, establish global partnerships,​ generate community engagement, advocate for privacy and security in society and etc