The Aion Foundation Report
Below is a press release and a link to our first Aion Foundation Report. But before you read it, we would like to briefly explain why these types of initiatives are so important.
In 2014, the world was forever changed as a new funding model powered by crypto-currency offered enthusiasts of decentralization the ability to bootstrap the creation of a new ownerless web. Since then, more than 1,000 projects have been funded, and we’ve seen real incremental innovation that keeps us optimistic. However …
There have been missteps
For a variety of reasons, many of these projects have not, or will not, deliver on their vision – leaving members of these communities questioning the movement altogether. For those projects that are still building, many exist within a black box, and their future remains uncertain.
What needs to change?
We believe reform must come from within, which is why we’re designing and promoting a new standard in transparency and accountability for decentralized projects.
We hope that the Aion Foundation Report serves as a meaningful example of good governance. It is also our hope that others follow in our footsteps to lift this technology out of the fog of consumer uncertainty and into an era of mainstream adoption.
What’s in the report?
Our report opens with a letter from Matthew Spoke, CEO and Co-Founder of the Aion Project and a Director of the Aion Foundation. Matt’s letter speaks to the importance of transparency and why the Aion Foundation has chosen to take this step.
The report then goes on to outline the organizational structure and finances of the Aion Foundation, and discusses its role in the broader Aion ecosystem.
The Aion Foundation leaned heavily on the wisdom of Deloitte to produce a report that it hopes will serve as a standard for accountability and transparency for the entire industry.
Have a voice in this
If you’d like to be an active participant in this conversation, we’ve opened a question period on Reddit to field questions. In the AMA style, we will answer top community questions on December 13th. See Reddit AMA below:
For Immediate Release 5 December 2018
AION FOUNDATION RELEASES FIRST INTRODUCTORY REPORT
Report creates a new standard in transparency and accountability for blockchain projects
(Cayman Islands) — The Aion Foundation announced today the public release of its first report detailing the creation of the foundation and its work, goals, financials and more.
The Aion Foundation has long been an advocate for transparency in the blockchain industry.
As decentralized systems evolve, so do the ways in which consumers interact with them — and it has become increasingly important to standardize public disclosure of metrics, operations, and financial realities.
“This report is our way of sharing with our community, supporters, and everyone who may be interested — who we are, what we do, what we are about, how we are thinking about our work, our purpose, our mission, and the work that we are prioritizing,” said Matthew Spoke, CEO and Co-Founder of the Aion Project and a Director of the Aion Foundation.
The report opens with a letter from Mr. Spoke, speaking to the importance of transparency and why the Aion Foundation has chosen to take this step. The report goes on to outline the organizational structure and finances of the Aion Foundation and discuss its role in the broader Aion ecosystem.
The Aion Foundation partnered with Deloitte to produce the report. The Aion Foundation has made transparency a top priority, and hopes this report and future reports will serve as a standard for accountability and transparency for the industry.
“For us, this is just the beginning — this is a conversation we intend to be having with our community for many years to come,” said Spoke.
For anyone interested in being an active participant in this conversation, The Aion Foundation has opened a question period on Reddit to field questions. In the AMA style, the Aion team will answer top community questions on December 13th.