Token Launch of FUN Foundation: Promoting Expansion and Decentralization
The FUN100x Foundation, a new non-profit entity backed by a $10 million treasury, has been officially announced. This foundation is dedicated to the growth and sustainability of the FUNToken ecosystem, acting as a neutral steward for the FUN protocol and its decentralized infrastructure.
At the heart of the FUN100x Foundation's mission is a community-led funding mechanism. This mechanism empowers FUN Token holders to vote on which proposals move forward for funding, prioritizing decentralization and inclusivity.
A Neutral, Community-Driven Approach
The FUN100x Foundation is designed to be neutral and free from commercial interests, focusing solely on safeguarding the protocol’s integrity and facilitating community-driven innovation. The foundation fosters the ecosystem by accelerating the development of Decentralized Autonomous Organizations (DAOs) and Decentralized Applications (dApps) voted for and supported by the community through on-chain governance actions.
Promoting Web3 as a Global Public Good
The FUN100x Foundation will advocate for Web3 as a global public good, curating impartial learning resources and running ambassador programs, meetups, and conferences to amplify grassroots voices and expand global participation in the FUN ecosystem. Coordinated incident-response protocols will be established across wallets, dApps, and exchanges to ensure robust security.
Financial Empowerment and Sustainable Growth
By enabling token holders to decide which initiatives to fund, the Foundation ensures financial empowerment and collaboration within the Web3 ecosystem, facilitating sustainable growth. The use of these funds will be decided by the community, with a focus on supporting education and localization in underserved regions to promote fair access to digital finance tools and services.
Long-Term Sustainability and Regulatory Compliance
The FUN100x Foundation is committed to ensuring the long-term integrity, inclusivity, and decentralization of the FUN protocol. To achieve this, the foundation will engage with regulators and standards bodies to promote decentralization, open standards, and user privacy. Treasury operations will be governed by transparent, public policies with a focus on long-term financial stability and environmentally responsible blockchain innovation.
Supporting Open-Source Projects and Public-Interest Research
A portion of the FUN100x Foundation's treasury yield will be allocated to open-source projects and public-interest research. Independent audits, bug bounty programs, and fraud detection initiatives will also be sponsored by the foundation to ensure the safety and security of the FUN protocol.
The FUN100x Foundation's mission is rooted in nine core pillars, each designed to support the growth and sustainability of the FUN ecosystem. The most impactful, community-backed ideas will get funded, propelling the ecosystem’s expansion via decentralized, community-led decision-making processes.
[1] Community-led funding mechanism: https://funtoken.org/blog/fun100x-foundation-community-led-funding-mechanism/ [2] FUN100x Foundation: https://funtoken.org/blog/fun100x-foundation/ [3] FUN100x Foundation's core pillars: https://funtoken.org/blog/fun100x-foundation-core-pillars/
- The FUN100x Foundation's community-led funding mechanism empowers FUN Token holders to vote on funding proposals, leveraging blockchain technology to ensure decentralized decision-making within the FUN ecosystem.
- As part of its mission, the FUN100x Foundation aims to promote Web3 as a global public good, advocating for its use and sponsoring open-source projects and public-interest research, thereby contributing to the advancement of blockchain technology.
