We’re keeping it short but sweet for this month’s issue. Regardless, we’ve been busy bees behind the scenes – working on everything from code development to talent acquisition, community growth and more!
#1: Taxa-Findora Partnership (May 1, 2021)
- The first of May is probably the most busy day on the international calendar when talking about holidays. May 1st is most commonly known as ‘May Day’ holiday in Europe, Labor Day in the USA, and the middle of ‘Golden Week’ in Japan; however, it has many more connotations that are lesser known such as ‘National Loyalty Day’, ‘Beer Pong Day’ and more.
- This year, let’s add another holiday to the calendar as we celebrate a new partnership for Findora. On May 1st, 2021 Findora revealed a working relationship with Taxa Network which will see us collaborating to bring privacy-preserving transparency along with cross-chain interoperability, to Taxa’s world of TEE-enabled Web 3.0 decentralized applications (dapps).
- Taxa joins the ranks of Tencent Cloud and more, with this new alliance being the latest in a series of important strategic growth initiatives which Findora Foundation has elected to reveal to the community so far.
#2: Findora Announces Token Unlocking Event (May 4, 2021)
- May 5, 2021 marked the one-month anniversary of the much anticipated TGE month for Findora (‘Token Genesis Event’), which saw the unlocking and distribution of 1.785 billion $FRA tokens to begin with, and 2.367 billion cs total supply set in circulation upon conclusion of the event.
- The total supply of $FRA tokens that have been generated and will ever be in potential circulation is 21 billion – and the community, for the purposes of token distribution, is categorized as follows: Early Purchasers, Research Grants, DeFi Incubation, Development Grants, Institutional Partnerships, Foundation Reserves, Contributors, and Advisors.
- The 2.367 billion total circulating supply after TGE+1 month is to be distributed between two of these community categories: early purchasers (1.4228 billion $FRA) and foundation reserves (945 million $FRA).
#3: Chinese Privacy Computing Committee Formed by Findora and Nine Others (May 12, 2021)
- ‘Privacy Computing in China’ (PCIC) is a committee that, as its namesake suggests, focuses on improving the state of privacy in computing in China. Findora announced its role as one of nine founding members recently – in May 2021.
- We are proud to be a part of this new movement which seeks to challenge long-running concerns regarding the use, distribution and exchange of user information.
In The Press
Findora has spoken and the world has listened this month, as Findora has been featured in no less than three highly recognized publications in the technology and venture capital sector over the course of April and early-to-mid May 2021.
- A one-to-one chat between Financial IT and Findora Foundation’s Head of Growth, Matt Arney.
- A guest post written by Findora’s F.I.R.S.T. Director Paul Sherer which appeared on NASDAQ entitled ‘Solving Privacy and Compliance Challenges Will Advance Enterprise Blockchain Adoption’.
- We were mentioned in a feature article appearing in Entrepreneur, which hypothesized that ‘Solving Privacy and Compliance Challenges Will Advance Enterprise Blockchain Adoption.
- On April 15, 2021 we published an episode of our popular ‘Meet The Team’ series on Senior Advisor to the Findora Foundation, Young Yu. Young has been with us for a while now and, like with all of our colleagues, we are happy to celebrate his continued contributions to the success of Findora.
Findora is building a global decentralized financial network for the creation and use of confidential assets and smart contracts. The Findora blockchain achieves privacy-preserving transparency, operates with the best in class security features, and uses ZK-Rollup technology. Its flexible technology can also be used to replace enterprises’ current infrastructure or be deployed in the cloud as sub-networks (side-ledgers) – all interoperable with the public Findora blockchain.
Findora enables assets of any nature on its network – fiat, cryptocurrencies, equity, debt and derivatives. Its mission is to address the challenges that exist when supporting a wide spectrum of assets and diverse financial use cases, while providing confidentiality and retaining transparency.