Dear Hero Community,

We are happy to announce the completion of the Hero Origen Token sales process. Likewise all bounty tokens have been issued as well. We have matched and released over 99% of Hero Origen Tokens to contributors through 7 separate releases of tokens. The remaining 1% will be released once the applicable contributors complete the required Hero registration and comply with the KYC requirements. Yes! There are still some contributors that are not registered, contributed from a different wallet or have not completed the KYC process! Please help get the word out in the community about the registration requirement. We will continue releasing the remaining tokens as necessary. Our goal remains to release 100% of the Hero Origen Tokens as soon as possible. But we can only achieve this goal with the help of the communityLikewise all bounty tokens have been issued.

While completing the sales process, we have been making substantial progress in the legal setup of the Hero Capital Market Platform. It is critically important that we do this in full compliance of all applicable laws and regulations. This takes time and resources.

We have engaged reputable and qualified legal counsel in several applicable jurisdictions including the British Virgin Islands, Singapore, Switzerland, Spain, Japan, and the Philippines. The legal opinions provided by this legal counsel provide us with guidance on the applicable laws of each country relating as applicable to the sale of the Hero Origen Tokens, the setup and donation to the Swiss Foundation, the building of the Hero Capital Market Platform, and ultimately operation of the Hero Capital Market Platform in South East Asian markets.

Because of the rapid innovation in the cryptocurrency space and the underlying legal and regulatory environment, this is not an easy process. But we are making rapid and substantial progress. We have started the setup of the Swiss Foundation and incorporated operating companies in Singapore and will incorporate a Spanish corporation very soon.

Although the following is preliminary and subject to the guidance provided in final written legal opinions from legal counsel, we want to share with you the high level legal road map below to building and operating the Hero Capital Market Platform in South East Asia.

As per the Terms and Conditions of the Hero Origen Token sale, we will donate the net proceeds from the sale after legal, marketing, and other expenses to a non-profit Swiss Foundation. In order to complete this initial step, we have applied for non-profit foundation status in Switzerland and are in discussions with the applicable authorities on completing the setup. The Swiss laws governing qualifying for Foundation status and remaining in compliance with the applicable tax, legal, and corporate governance are complex and robust. Nevertheless, we believe it is important to ensure the highest levels of corporate oversight on this project which is why we are willing to make this investment of time today. Ultimately the long-term benefit to the project and the community will be very beneficial. In the interim, almost 100% of the proceeds from the sale have remained safely in the applicable wallets in plain public view for the community.

Once we have completed the setup of the Swiss Foundation, we will arrange for the donation of the proceeds to the Foundation. The Foundation, which will be subject to stringent oversight by the Swiss authorities, will conduct its operations in compliance with its charitable non-profit purpose to promote financial inclusion, transparency, and efficiency in South East Asian emerging markets. The Foundation will then capitalize the Spanish company to build the Hero Capital Market Platform and the Singapore company to operate the Hero Capital Market Platform.

In addition to the progress we have made on the legal setup of the project, we have also identified Barcelona, Spain as our technical headquarters to build the Hero Capital Market Platform. Barcelona is a growing technology hub with experienced blockchain developers and a growing eco-system of related projects and companies. It is also a lower cost option versus other potential hubs in San Francisco, London, Tokyo, Hong Kong, or Singapore.

We hope to announce soon the location of our office in Barcelona (and will post pictures). We are also actively interviewing candidates for various positions including Chief Financial Officer and Chief Technology Officer roles with the project. We expect to make announcement soon as we progress with the recruiting and interviewing. We are seeking world class talent for this project, and getting the right people takes some time.

Finally, as you know, we have already arranged for the trading of the Hero Origen Tokens on the top ten exchange HitBTC as well as the Qryptos exchange in Singapore. We are aware of the potential issues for certain contributors to trade on HitBTC. As noted earlier, we have already procured a legal opinion in Japan and are in contact with several exchanges for the trading of Hero Origen tokens. The Japanese authorities and exchanges are moving very cautiously given some of the recent incidents at Japanese exchanges. We will continue to press them to move forward with our listing, but we must acknowledge that the timing for this is beyond our control.

We very much appreciate your patience and support for the Hero Project. We will continue to publish Community Updates from time to time through our Blog available at medium.com/@HeroToken and remain available for questions via Telegram https://t.me/Herotokensale and email tokensale@herotoken.io .