Recently, the launch of the virtual currency not only symbolizes an important milestone for the ecosystem but also marks its official step towards a decentralized structure of community governance. The newly established foundation will take on the responsibility of overseeing the development of the protocol, committed to ensuring the network's stable growth, security, degree of decentralization, and scalability.

In the initial phase, the foundation will collaborate with several key participants in the blockchain field, including Consensys, Kiln, Ledger, Luga Nodes, 1kx, Figment, and Sensei Nodes, among others. These organizations will serve as the first batch of third-party node operators to jointly promote the network's operation and governance.

In addition, Pedro Gomes, the founder of the project, will serve as a director of the foundation, while Yessin Schiegg, who previously served as a director at the Ethereum Foundation and CFO at the Near Foundation, will take on the role of Chief Financial Officer (CFO) of the foundation, with the expectation of bringing rich governance and financial experience to the foundation in the future.

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