Superform Foundation is an independent organization aimed at developing the ecosystem and promoting decentralized governance for the Superform protocol.
MAIN CONTENT
Establishing the Superform Foundation independently from Superform Labs.
The four main goals include infrastructure, ecosystem expansion, Token governance, and transparent distribution.
UP is a utility Token that does not represent ownership rights or dividends.
What is the Superform Foundation and what is its purpose?
Superform Foundation operates independently from Superform Labs with the goal of sustainable development for the Superform protocol.
The Foundation will focus on maintaining the core infrastructure of the protocol, expanding the ecosystem, developing governance mechanisms for the Token, and overseeing Token distribution and fees, ensuring transparency and promoting decentralization in governance.
What plans does the Superform Foundation have in the near future?
In the coming months, the Foundation will announce key documents such as the whitepaper on Token economics, protocol documentation, core governance proposals, and utility implementation for Token UP.
These steps aim to prepare the legal, technological, and governance foundations, ensuring transparent and efficient operational protocols while promoting active community participation.
What functions does Token UP have and how can it be accessed?
UP is designed as a utility Token to facilitate operations within the protocol and is not a security or represent shareholder rights.
Users in restricted areas are not allowed to participate in token ownership, which helps ensure compliance with local regulations and protects the transparency of the ecosystem.
The establishment of the Superform Foundation marks an important step in transferring governance rights and increasing openness for the protocol, ensuring stakeholders participate in sustainable development.
Representative of Superform Labs, 6/2024
Frequently Asked Questions
How is the Superform Foundation different from Superform Labs?
The Foundation is an independent legal organization, focusing solely on developing the protocol, while Labs is the original founding company.
Is Token UP a stock?
No, UP is a utility Token used to coordinate protocol activities, not representing shares or dividends.
Who can participate in Token UP ownership?
Users from unrestricted areas can participate; restricted areas are not allowed to own tokens.
What plans does the Foundation have to increase decentralization?
They build governance mechanisms for the Token and governance proposals to ensure transparency and promote the transition to decentralized governance.
When will the Token economic documentation be released?
Expected to be released in the coming months along with other technical and governance documents.
Source: https://tintucbitcoin.com/superform-foundation-sap-ra-tai-lieu-token/
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