Update: We're on schedule to announce the location that we are going to domicile the STORE Foundation on 3/31. Appreciate our community's support as we've worked through this complex, multi-jurisdiction project.
Forwarded from McCoy ($STORE)
ANNOUNCEMENTS
I. We have chosen the location to domicile the STORE Foundation
In 2020, we started the journey of establishing the STORE Foundation in preparation for a listing of the $STORE asset. For each country we profiled, we hired legal counsel inside the country, worked with The Block on additional regulatory analysis, and conducted 3-6 months of research to understand how decentralized democracy could be formed and anchored by the STORE Foundation. Our journey took us inside of Singapore, the UK, Ireland, Switzerland, and Liechtenstein.
We're happy to report that we are moving to domicile the STORE Foundation in 🇱🇮 Liechtenstein. Liechtenstein is a German-speaking, 25km-long principality between Austria and Switzerland. It’s known for its medieval castles, alpine landscapes and villages linked by a network of trails. It's also very welcoming to blockchain innovation, specifically governance innovation. You can learn much more about our rationale, and the research it took to get here, in our public post on Medium: https://storeprotocol.medium.com/store-selects-liechtenstein-for-its-foundation-location-b79734281cdd
Below is a projected timeline for the establishment of the STORE Foundation, of which is subject to both success in our next private token sale and regulatory approval from both the U.S. and Liechtenstein governments.
One final note: STORE's innovative checks-and-balances governance model requires that qualified voters (i.e. you) have ultimate governance. The mechanics of this require interlocking on-chain and off-chain governance systems in harmony. Setting up a foundation in Switzerland, at least at this time, prevents that. A foundation in Switzerland vests ultimate authority in the Board of Directors thus quasi-centralizing any protocol with governance there. In practice, three board members effectively control the direction of the protocol if domiciled in Switzerland -- not just today, but forever. At best, the Swiss model provides indirect representation of a DAO, of qualified voters (or, more practically, your votes), to inform governance. At worst, STORE deploys a plutocracy with just a facsimile of decentralization in governance, subject to the whims of the Board of Directors. This undermines the authority of qualified voters, hides transparency in decision-making, and creates plutocracy.
In selecting Liechtenstein, STORE has chosen to pursue democracy over plutocracy.
I. We have chosen the location to domicile the STORE Foundation
In 2020, we started the journey of establishing the STORE Foundation in preparation for a listing of the $STORE asset. For each country we profiled, we hired legal counsel inside the country, worked with The Block on additional regulatory analysis, and conducted 3-6 months of research to understand how decentralized democracy could be formed and anchored by the STORE Foundation. Our journey took us inside of Singapore, the UK, Ireland, Switzerland, and Liechtenstein.
We're happy to report that we are moving to domicile the STORE Foundation in 🇱🇮 Liechtenstein. Liechtenstein is a German-speaking, 25km-long principality between Austria and Switzerland. It’s known for its medieval castles, alpine landscapes and villages linked by a network of trails. It's also very welcoming to blockchain innovation, specifically governance innovation. You can learn much more about our rationale, and the research it took to get here, in our public post on Medium: https://storeprotocol.medium.com/store-selects-liechtenstein-for-its-foundation-location-b79734281cdd
Below is a projected timeline for the establishment of the STORE Foundation, of which is subject to both success in our next private token sale and regulatory approval from both the U.S. and Liechtenstein governments.
One final note: STORE's innovative checks-and-balances governance model requires that qualified voters (i.e. you) have ultimate governance. The mechanics of this require interlocking on-chain and off-chain governance systems in harmony. Setting up a foundation in Switzerland, at least at this time, prevents that. A foundation in Switzerland vests ultimate authority in the Board of Directors thus quasi-centralizing any protocol with governance there. In practice, three board members effectively control the direction of the protocol if domiciled in Switzerland -- not just today, but forever. At best, the Swiss model provides indirect representation of a DAO, of qualified voters (or, more practically, your votes), to inform governance. At worst, STORE deploys a plutocracy with just a facsimile of decentralization in governance, subject to the whims of the Board of Directors. This undermines the authority of qualified voters, hides transparency in decision-making, and creates plutocracy.
In selecting Liechtenstein, STORE has chosen to pursue democracy over plutocracy.
Medium
STORE selects Liechtenstein for its Foundation Location 🇱🇮
In January 2022, STORE announced that it would select a location for the STORE Foundation by the end of Q1, 2022. Today, STORE is sharing…
Forwarded from McCoy ($STORE)
ANNOUNCEMENTS
II. We are adding two new members to STORE: US Board of Directors (pending insurance)
STORE Labs, Inc. (STORE: US) has elected two additional board members to serve alongside the CEO (me). Both members will join pending insurance.
Francois Chadwick, Ex-Global Senior Executive at Uber, VP Finance, Tax & Accounting. Francois is currently the CFO of Volta Charging. Francois has been serving as a STORE public advisor for a year, helping shape the formation of a regulatory and tax compliant decentralized democracy alongside our decision to domicile the STORE Foundation in Liechtenstein. https://www.linkedin.com/in/francois-chadwick-9405474
Ahmed Alkhatib, Founder, Revton Inc. and one of STORE's major token partners. Ahmed is helping drive our strategic and operational strategies as we evolve the protocol from being U.S. domiciled into a multi-jurisdiction, tax compliant decentralized democracy. https://www.linkedin.com/in/ahmedalkhatib/
Charles Belle (STORE: US COO) and Michael Orrico (STORE Advisor, Footprint board of directors) will serve as board observers. We'll announce the board once insurance has been acquired and both elected members have formally joined.
II. We are adding two new members to STORE: US Board of Directors (pending insurance)
STORE Labs, Inc. (STORE: US) has elected two additional board members to serve alongside the CEO (me). Both members will join pending insurance.
Francois Chadwick, Ex-Global Senior Executive at Uber, VP Finance, Tax & Accounting. Francois is currently the CFO of Volta Charging. Francois has been serving as a STORE public advisor for a year, helping shape the formation of a regulatory and tax compliant decentralized democracy alongside our decision to domicile the STORE Foundation in Liechtenstein. https://www.linkedin.com/in/francois-chadwick-9405474
Ahmed Alkhatib, Founder, Revton Inc. and one of STORE's major token partners. Ahmed is helping drive our strategic and operational strategies as we evolve the protocol from being U.S. domiciled into a multi-jurisdiction, tax compliant decentralized democracy. https://www.linkedin.com/in/ahmedalkhatib/
Charles Belle (STORE: US COO) and Michael Orrico (STORE Advisor, Footprint board of directors) will serve as board observers. We'll announce the board once insurance has been acquired and both elected members have formally joined.
Forwarded from McCoy ($STORE)
ANNOUNCEMENTS
III. STORE historical financials and quarterly investor relations calls
We are making STORE financials from 2017-2020 available to all token partners, upon request.
Moving forward, we are building up to produce a quarterly investor relations call where we share details of our roadmap, execution against it, the financials that got us there, and how our token partners can help us advance the STORE project forward. More details on our first call are coming shortly.
III. STORE historical financials and quarterly investor relations calls
We are making STORE financials from 2017-2020 available to all token partners, upon request.
Moving forward, we are building up to produce a quarterly investor relations call where we share details of our roadmap, execution against it, the financials that got us there, and how our token partners can help us advance the STORE project forward. More details on our first call are coming shortly.
Store Community: We're in the early phases of growing our blockchain engineering team. To apply, please take our cryptography test. With a passing grade, you'll earn an interview with our technical leadership. https://forms.gle/FZxTUZ4cPD73MAwb8
Google Docs
STORE Engineering Test
...in a public exchange of ideas with the Web3 strategy lead at Google Cloud
Forwarded from McCoy (@chrisamccoy)
STORE Community Update — January 2023 https://twitter.com/thestorecloud/status/1622665038082490369
Twitter
STORE Community Update — January 2023 https://t.co/tVAb0VqtVD
Store makes an appearance
https://twitter.com/attertweet/status/1626574060036521986?t=tcWXZW6zM4UuOYE1InxEmg&s=19
https://twitter.com/attertweet/status/1626574060036521986?t=tcWXZW6zM4UuOYE1InxEmg&s=19
Twitter
1/ the next meaningful wave of crypto innovation will come from a technology that few are paying attention to
you've likely heard of DeFi's "money legos" -- but a much more powerful dynamic is on the horizon
enter "compute legos"
https://t.co/dYGy4qKX5f
you've likely heard of DeFi's "money legos" -- but a much more powerful dynamic is on the horizon
enter "compute legos"
https://t.co/dYGy4qKX5f