April 2019

As we progress into quarter two of 2019, it is time to update the community on a few key areas of focus from the DERO team.

We will share the details with you below as DERO moves into its next phase of development.

We have some great news for you with regards to the DERO Foundation. After spending time researching the rules and regulations of many jurisdictions, the foundation has finally found a home. One of the key issues we have found when searching for a home for the DERO Foundation was ever-changing laws and restrictions to certain features. We needed to ensure that we found a stable environment where the project could thrive.

The process of forming the foundation has begun and we expect that within the next three months, all of the legal work will be completed and we will be able to share with you more details.

We appreciate your patience as we pave the way for future advancement of this project.

DERO aims to partner with like-minded industry leaders, like Beaxy, to promote mutual growth and learning within the cryptocurrency and blockchain space. As such, each project has pledged to;

· Contribute to dynamic internal community growth of partner channels, leveraging social content and community curation strategies to build long-term sustainable communities for the greater health of the crypto space.

· Provide a transparent exchange experience, with direct communication for community members with Beaxy representatives

· Facilitate new audience growth and user acquisition from areas outside of crypto by discussing and executing external marketing strategies, like advertising and event hosting

· Offer technological resources to facilitate integration of unique blockchain components

· Adopt unique value laden tech of partner projects in ways that can help users to have a better user experience

Beaxy is excited to work with DERO to further these initiatives. Beaxy’s community channel can be found here — https://discord.gg/rMX3s5m

In the last update we asked which option would be preferred as to decide the winner of the Smart Contract Build Competition, and it was a clear decision that the community wanted the Development Team to decide on the winner. We would like to make this a 50/50 split with the community, so there is input from both sides and we will have a decision of how this will be completed in the coming weeks.

We would like to thank everyone who took the time and effort to enter the competition. Please see all submitted entries on the DERO Forum .