July 2019

This month we would like to build upon many topics that were previously announced in the May and June updates in order to better explain the forward progress of the project. We hope that everyone will appreciate the work that has been completed, while we look to the future with tangible optimism for positive momentum and transparent growth. As always, we appreciate the dedication coming from our community. From developers to coin holders, you provide us with the standard that we must reach and exceed. We can say with utmost certainty that DERO has one of the best communities in this space.

Governance 1.0

The project team is happy to report that we have reached another major milestone. The DERO Foundation, which is a not-for-profit organization based in Amsterdam, Netherlands, is now fully registered for operation. Now that our legal structure is in place, let’s introduce a few key points about how we are developing governance for the project.

Not-for-profit

The not-for-profit status ensures that all income and activities are aimed at fulfilling the mission of the Foundation and to provide an efficient framework for donations, volunteer work, and centralized ownership of protocol-related intellectual property (IP). This status also helps to keep administrative overhead low, which will better preserve our ability to effectively carry out our mission.

The mission of the Foundation is:

To integrate decentralized privacy systems and standards within the digital ecosystem to help shape a more open society by providing support for the advancement of the DERO platform; which in turn, will allow for the creation and deployment of private decentralized applications, payment systems, and tools.

The Foundation will operate within the following functional areas:

Maintenance of the DERO network

Facilitate adoption

Promotion of the DERO platform

Fund use cases, audits, and development of infrastructure

Research and development

Finances

In addition to the functional areas listed previously, the Foundation will also manage funding and financing for the project, which will be administered through an annual budget and financial reports made publicly available on a quarterly basis.

Board Membership

The Foundation’s membership will be comprised of members within the Management Board and the Technical Board. Each board will have specific, non-overlapping responsibilities and prerequisites. There will be additional board members selected from the DERO Community and other industries who have contributed in fields of privacy, blockchain, economics, finances, law, and related technologies based on voting.

We will be releasing our governance documentation in its entirety in the coming months and expect to treat them as living documents that will evolve as the project advances.

Exchanges

Finding quality exchanges that provide mutual benefit will always be an ongoing process for the team, but today we are pleased to say that we are making progress. In early August, DERO will be listed on its largest exchange to date. DERO is currently in the integration phase with KuCoin and listing will follow shortly after the process is complete. We are very pleased to bring new opportunities for greater exposure of our project and to offer new on and off ramps for investors and miners alike. We are working closely with their listing team to ensure that this new market will come online as scheduled.

Below you will find the listing details:

Listing Date: Friday, August 2, 2019

Deposits: 4:00 PM, UTC+8

Trading: 6:00 PM, UTC+8

Withdraws: 8:00 PM, UTC+8

Branding Initiative

Part of our marketing efforts are rooted in providing a streamlined, user-friendly, and modernized design that will span the vast landscape of our digital presence and beyond. From our logo to our print media, the identity of DERO will be re-imagined with the help of a prolific creative consultant whose portfolio includes Fortune 500 companies, awards, and design trends that are echoed globally. Eric Jordan has had an amazing career applying his creative talent across the broadcast, film, web, and gaming industries. We are thankful to have his help in developing the brand and delivering our vision to the masses. While final deployments are estimated to occur in Q4 of 2019, we will be providing updates as we progress through the rest of the year. Our goal is to bring more awareness to our practical approach of making privacy systems available to all.

— But, what can we do now?

We believe that humanity is at its best when united behind a cause. As a community, our shared experiences, motivations, and ideals are firmly founded on the idea of privacy as a basic human right. Since its inception, DERO has implemented a set of ideas to create an open, globally accessible, censorship resistant, optionally public, and neutral ecosystem to further this cause. Sound familiar? Andreas Antonopoulos shares similar ideas when defining his “five pillars of blockchain.” These concepts resonate within our platform to create a movement through code, and like any grassroots movement, built from the ground up in order to safeguard its mission. As such, our mission relies heavily upon the collaboration and support of all who seek to join this movement to preserve the right to privacy now, and for future generations to come.

Let us know on social media what privacy means to you, or why we should care about privacy. Let others know why privacy is important for an open society in the digital age. Speak out about how we can all achieve lasting #privacytogether.

Thank you all for your continued support.