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The Fenomy Foundation. The beginning

Published Dec 09, 2022 13:27
Last update May 12, 2023 10:39

The Fenomy team is establishing an international organization called the Fenomy Foundation.Fenomy System's property, assets, technology, liquidity, and intellectual property rights will be owned by the organization.

The Fenomy Foundation will be administered by founders, who will annually elect the board of directors and make all strategic decisions regarding the project's development and funding. Every yearly quarter, the organization will also make its financial statements public.

The founders will consist of team members and significant investors of the early stages of development, individuals who contributed to the project's development in other ways from its inception. As a result, the number of founders will grow if candidates meet the requirements of the organization's charter.

Legal procedures are currently being carried out, and the necessary documentation is being compiled. The first meeting of the Fenomy Foundation's founders will take place before the end of the year. The first election will be held, as well as the first strategic decisions will be made.

We will keep everyone up to date on the latest developments from the Fenomy Foundation.

Fenomy Team reserves the right, at its discretion, to change, modify, or remove portions of the announcements at any time by posting the amended version on the website.

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