The second co-founders meeting was held on February 9th, 2023, and the following topics were discussed:
The Fenomy Foundation is unrelated to cryptocurrency and makes no use of it. The development or promotion of tokens or coins is not a priority for the Fenomy Foundation. The Fenomy Foundation is a traditional revenue-generating organization that will be recognized in the vast majority of countries around the world.
We are devoting significant effort, time, and resources to organizing and implementing this endeavour to ensure transparent decentralized management and reporting, allowing anyone to participate in development, influence progress, and use the ecosystem for personal and corporate goals.
The main task of the Fenomy Foundation is to own the project and promote system development, as well as to ensure that everyone has equal access to the development process, technologies, tools, and opportunities to participate in development.
Foundation is already in place and operational. All the rules are in
effect. The process of legalizing and configuring the foundation's
work is currently underway; this requires strength, time,
intelligence, the work of many people, and patience.
The Fenomy Foundation will only have few founders:
30 people and organizations will oversee establishing a legal entity
and laying the groundwork for the project's future development. These
are individuals who have advantages that may have been attained
previously but will no longer be attainable in the
Individuals and organizations may join the Fenomy Foundation in an unlimited number. To become a member, you must deposit any amount of money into the Foundation's official bank account.
process of establishing an international organization is difficult
and time-consuming. The legal team is currently working on all
matters, but we expect the work to be completed in the near future.
The Foundation's jurisdiction has been determined.
All Foundation participants (founders and
non-founders) with the necessary reputation and balance on their
accounts, as well as major direct investors to the Foundation, will
be able to participate in decision-making.
Founders have a minimum of one vote by default, and they can vote regardless of their original balance. Furthermore, the founders already have the necessary reputation.
If several conditions are met, any system participant can participate in management.
Some requirements for gaining one vote, in addition to a high reputation and account age, would be to have and keep sufficient funds on your balance. The cost of a vote is dynamic and is determined by a variety of factors.
The management procedures will be linked to the Fenomy Blockchain's launch.
The organization's documentation flow and financial statements are
linked to the Blockchain. Everything will be open to the
Decisions, documents, and reports cannot be approved unless the necessary number of votes are cast.
The management system will serve as the foundation for the Fenomy ecosystem's future CRM system. We are literally building our organization's management system, working on components that will be used in the future ecosystem.
We are constantly in contact with potential
partners from all over the world. We are
establishing relationships with partners with a focus on the three
main use cases described in the partner tab.
The current policy is not to waste time on advertising, but rather to develop productive collaboration with organizations that are most interested in the system's development.
Our primary goal at this point is development. All efforts and funds are directed toward the creation of a product. For us, a strategic partnership is the best way to accelerate team processes and save time.
What it provides:
The expansion of the audience as a result of the product's harmonious development leads to an increase in the demand for and value of what we create.
We are now following our road map exactly. All the components that we will need at the start of the summer for high-quality implementation at one of our partners' events are being worked on intensively. We will tell you more about it in a publication and will be ready for the public live on February 24.