diff --git a/docs/ef/ef-achievements.md b/docs/ef/ef-achievements.md index 8ecbcb71..bff82a28 100644 --- a/docs/ef/ef-achievements.md +++ b/docs/ef/ef-achievements.md @@ -1,58 +1,47 @@ # Timeline -### 2020 -- Jan 7, Introducing the Ergo Foundation, a community-driven entity -**2020 Key Achievements** +### 2024 -- Roadmap released, Discord started -- Partnership with Emurgo and extensive joint research brought us Oracle Pools, SigmaUSD, and the headless dApp framework. -- Listing on CoinEx, Gate.io. +#### In Progress +Discussions ongoing with several prominent on-ramps trying to secure US access, as well as smaller exchanges which should help our volume, and regional exchanges to ensure ERG is accesible worldwide. -### 2021 -- Joseph Armeanio joins the Ergo Foundation. -- Mark Glasgow joins the Ergo Foundation, replacing Martin S. -- On Nov 1, IOHK Business Developer Daniel Friedman was appointed Advisor to Ergo Foundation Board. -- On Dec 19, The Ergo Foundation incorporates in Singapore. +- ErgoSummit +- Metamask +- Website Refresh +- Trust Wallet -**2021 Key Achievements** - -- Autolykos v2 Hard-Fork opened Ergo to mining pools, improved liquidity and brought many new users into the ecosystem. -- Partnership with Jinse and China marketing efforts that grew the Chinese community to >10k members. -- Listing on KuCoin, Changelly. -- UTXO Alliance formed. -- EIP-27 Discussions start. -- The EF hired wallet developers to alleviate users' lack of usable wallet options. -- Obtained a written US Legal Opinion that determines Ergo is unlikely to be classified as a security. -- Our first summits and two hackathons. -- Incorporated the first legal entity in Singapore to meet the necessity of formal arrangements now required in the industry. +#### In Development -### 2022 +- [Sub-block confirmation protocols](sub-blocks.md) +- EVM Bridge for [Rosen](rosen.md) +- [DexyGold](dexy.md) +- [Machina Finance](machina.md) +- [ChainCash](chaincash.md) -- Warwick (CW), Stacie, and Alison Robson join the Ergo Foundation as Officers to help expand the EF to the wider community. -- Created and distributed a pitch deck highlighting the 'open source economy' rapidly developing on Ergo and opportunities that present for private investors. +##### Community -**2022 Key Achievements** +- PalmyraComDex MVP +- [BlitzTCG](blitz.md) +- [Paideia](paideia.md) +- [GuapSwap](guapswap.md) V2 +- [Thz.FM](thz-fm.md) MVP +- ErgoNames +- [Analog Ergo](analog-ergo.md) +- [SigmaGold](sigmagold.md) -- Listings on Indodax and Huobi, Bittrue. -- Parallel asset launches on Flux. -- [EIP-27](eip27.md) re-emission soft-fork boosting confidence in Ergo and ensuring long-term network security. -- [EIP-37](eip37.md) (Difficulty retargeting hard fork). -- Two summits and three hackathons with 45 entries total. -- The redesign & relaunch of [ergoplatform.org](https://ergoplatform.org) and [sigmaverse.io](https://sigmaverse.io) -- Node [V5 JITC](). ### 2023 - **Announcements**: [Significant donations made to EF Treasury from ecosystem projects](https://ergoplatform.org/en/news/news/The-Ergo-Foundation-Path-to-a-Robust-Digital-Ecosystem), Storage rent activation. EF makes a donation to the Sigmanauts Treasury -- **Partnerships**: Bitpanda listing, nonkyc listing and native token integrations, Koinly integration, StealthEx listing. +- **Partnerships**: Bitpanda listing, nonkyc.io listings and native token integrations, Koinly integration, StealthEx listing. - **Events**: [Ergo Summit 2023](https://ergoplatform.org/en/news/Ergo-Summit-2023), ErgoVersary 2023, Ergohack VI and VII. -- **Core**: Sigma.js, UTXO Set Snapshots and bootstrapping with NiPoPoWs, Sigma +- **Core**: Sigma.js, UTXO Set Snapshots and bootstrapping with NiPoPoWs, work on SigmaState. - **Scaling**: An update from kushti *'A Scalability Plan for Ergo'* and work on a [sub-block confirmation protocol](https://ergoplatform.org/en/blog/Ergo’s-Newest-Advancement-Sub-Blocks). - **Tooling**: FleetSDK, [Ledger in developer mode](https://ergoplatform.org/en/blog/Ledger-Launches-Ergo-Support-in-Developer-Mode), Oracles v2. @@ -78,20 +67,53 @@ - [Crux Finance MVP](https://cruxfinance.io/) - **Tooling**: ergexplorer, ergo-lib-go, Off-The-Grid, uExplorer -#### In Development -- BlitzTCG Alpha -- PalmyraComDex MVP -- Paideia Alpha -- DexyGold -- GuapSwap V2 -- Thz.FM MVP -- ErgoNames -- Machina Finance -- Analog Ergo -- SigmaGold -- ChainCash +### 2020 + +- Jan 7, Introducing the Ergo Foundation, a community-driven entity + +**2020 Key Achievements** + +- Roadmap released, Discord started +- Partnership with Emurgo and extensive joint research brought us Oracle Pools, SigmaUSD, and the headless dApp framework. +- Listing on CoinEx, Gate.io. + + +### 2021 + +- Joseph Armeanio joins the Ergo Foundation. +- Mark Glasgow joins the Ergo Foundation, replacing Martin S. +- On Nov 1, IOHK Business Developer Daniel Friedman was appointed Advisor to Ergo Foundation Board. +- On Dec 19, The Ergo Foundation incorporates in Singapore. + +**2021 Key Achievements** + +- Autolykos v2 Hard-Fork opened Ergo to mining pools, improved liquidity and brought many new users into the ecosystem. +- Partnership with Jinse and China marketing efforts that grew the Chinese community to >10k members. +- Listing on KuCoin, Changelly. +- UTXO Alliance formed. +- EIP-27 Discussions start. +- The EF hired wallet developers to alleviate users' lack of usable wallet options. +- Obtained a written US Legal Opinion that determines Ergo is unlikely to be classified as a security. +- Our first summits and two hackathons. +- Incorporated the first legal entity in Singapore to meet the necessity of formal arrangements now required in the industry. + +### 2022 + +- Warwick (CW), Stacie, and Alison Robson join the Ergo Foundation as Officers to help expand the EF to the wider community. +- Created and distributed a pitch deck highlighting the 'open source economy' rapidly developing on Ergo and opportunities that present for private investors. + +**2022 Key Achievements** + + +- Listings on Indodax and Huobi, Bittrue. +- Parallel asset launches on Flux. +- [EIP-27](eip27.md) re-emission soft-fork boosting confidence in Ergo and ensuring long-term network security. +- [EIP-37](eip37.md) (Difficulty retargeting hard fork). +- Two summits and three hackathons with 45 entries total. +- The redesign & relaunch of [ergoplatform.org](https://ergoplatform.org) and [sigmaverse.io](https://sigmaverse.io) +- Node [V5 JITC](). diff --git a/docs/ef/ef-future.md b/docs/ef/ef-future.md new file mode 100644 index 00000000..af1539c8 --- /dev/null +++ b/docs/ef/ef-future.md @@ -0,0 +1,38 @@ +# The Ergo Foundations Future + +## Initial Role of the Ergo Foundation + +The Foundation's role was to bootstrap the Ergo ecosystem in the initial years and build up the infrastructure required for adoption, solving the 'hard side' of Ergo and leading to the vibrant ecosystem we see today with: + +## Achievements + +- 300+ community devs +- 100+ Active contributors in the weekly developer chat in Discord. +- Hosting multiple [events](events.md) per year. +- 140+ projects are developing on Ergo. See [sigmaverse.io](sigmaverse.io) for an overview! +- Consistently ranked in the top 100 for development activity on [artemis.xyz](https://app.artemis.xyz/developer-activity?ecosystemValue=Ergo) + +/// details | Achievements + {type: info, open: true} +For an overview of what has been achieved since launch, please see [this page](ef-achievements.md) +/// + + +## Strategic Approach + +The Ergo Foundation, while it may continue to exist indefinitely as a legal entity, primarily serves to mitigate counterparty risk in interactions with centralized entities. + +In another capacity, the Foundation could persist as a research division, fostering the development of applications and protocols that align with its foundational objectives: promoting blockchain technology for societal benefit, advocating for truly decentralized infrastructure, and upholding privacy as a fundamental human right. + +The optimal strategy involves diligent work and the development of robust infrastructure to accommodate potential liquidity shifts from existing systems. Emphasis should be placed on user security, privacy, and long-term resilience. + +While the timing and nature of these shifts cannot be precisely predicted or controlled, strategic positioning can prepare us for various outcomes. + +The generous contributions from ecosystem projects to the Foundation's [treasury](treasury.md) ensure its sustainability, enabling it to fulfill its mission until such time as it becomes redundant. + + +## The Sigmanauts Programme + +As time goes on, the importance of the EF should diminish and shift towards the community entirely. This is essential for both the strength of the ecosystem and ensuring that Ergo is not classified as a security. + +The [Sigmanauts Programme](sigmanauts.md) was launched at the start of 2022 to fill this need and build the required structures to pass the baton to the community. Now with a funded treasury and begining to test out Paideia, you can submit proposals for how they should spend it on [ergoforum](https://www.ergoforum.org/c/marketing/sigmanauts-treasury/35) diff --git a/docs/ef/ef-treasury.md b/docs/ef/ef-treasury.md index 8ec2fe66..82eb8038 100644 --- a/docs/ef/ef-treasury.md +++ b/docs/ef/ef-treasury.md @@ -2,7 +2,12 @@ The Ergo Foundation initially received an allocation of 4,330,776 ERG, which is equivalent to 4.43% of the total supply. A significant portion of this Treasury has been expended for the benefit of the protocol and the community. Even during periods of low ERG price, the Foundation continued to invest in order to foster and grow the Ergo community. Additionally, several projects that launched on Ergo have generously allocated a fraction of their tokens to the EF Treasury. -You can read more in the [emission](emission.md) section. + + +/// details | Emission + {type: info, open: true} +For more information on the Ergo's emission schedule, tokenomics and allocation, visit the [emission](emission.md) section. +/// ## Holdings @@ -20,22 +25,28 @@ As of January 2024, the complete treasury of the foundation, including market ma | Gluon | 335,000 | N/A | | | Total | | | **$5,636,940** | +/// details | How will the SPF/RSN and other tokens be utilized? + {type: question, open: true} +Please note that the majority of these funds are currently illiquid. We have converted a minor portion of SPF to cover some development expenses from the grants awarded (as detailed below), but we are cautious to avoid exerting any downward pressure on a project that is still maturing. This situation, however, presents an opportunity to significantly augment our expenditure once we reach a stage where these tokens can be freely utilized. +/// + ## Wallets You can find the Ergo Foundation treasury and current balance on-chain at the following locations -- [Old MultiSig](https://ergexplorer.com/addresses#4L1ktFSzm3SH1UioDuUf5hyaraHird4D2dEACwQ1qHGjSKtA6KaNvSzRCZXZGf9jkfNAEC1SrYaZmCuvb2BKiXk5zW9xuvrXFT7FdNe2KqbymiZvo5UQLAm5jQY8ZBRhTZ4AFtZa1UF5nd4aofwPiL7YkJuyiL5hDHMZL1ZnyL746tHmRYMjAhCgE7d698dRhkdSeVy). -- [New MultiSig](https://ergexplorer.com/addresses#2BggBDgr9n9geTKjCJBCEWMReb2i7wcocw7fjVd3QyM7qFMtmVHyoFr78kChAxGekJxUTZru2aMjyZKcVoPfHX5d12RqNrnEAgzGqUCoJ2zkCiiUURror6NJ6HYyPxxUf5qj5FdQXqJ2zFv1a8U9Lieib59S8mxpE2oLAPt7P5cyngAa5sVEHHKeJrKkpp2yfQH3kshujjPCCc6qv2StJkmbzDTqAcxTpjcB9voMhi1tCybU4ikxSJEoAKmr5mppSfVAB5zSpREYstCVU) -- [Hot Wallet](https://ergexplorer.com/addresses#9g1ReLmsbGevkTjfPGMdRMoFRdrAVskZVmSBpaEdVW2DfG4HDWm) managed by the Treasurer +- The original EF Treasury MultiSig can be seen [here](https://ergexplorer.com/addresses#4L1ktFSzm3SH1UioDuUf5hyaraHird4D2dEACwQ1qHGjSKtA6KaNvSzRCZXZGf9jkfNAEC1SrYaZmCuvb2BKiXk5zW9xuvrXFT7FdNe2KqbymiZvo5UQLAm5jQY8ZBRhTZ4AFtZa1UF5nd4aofwPiL7YkJuyiL5hDHMZL1ZnyL746tHmRYMjAhCgE7d698dRhkdSeVy). +- We are in the process of shifting to a new multisig which can be found [here](https://ergexplorer.com/addresses#2BggBDgr9n9geTKjCJBCEWMReb2i7wcocw7fjVd3QyM7qFMtmVHyoFr78kChAxGekJxUTZru2aMjyZKcVoPfHX5d12RqNrnEAgzGqUCoJ2zkCiiUURror6NJ6HYyPxxUf5qj5FdQXqJ2zFv1a8U9Lieib59S8mxpE2oLAPt7P5cyngAa5sVEHHKeJrKkpp2yfQH3kshujjPCCc6qv2StJkmbzDTqAcxTpjcB9voMhi1tCybU4ikxSJEoAKmr5mppSfVAB5zSpREYstCVU). +- View the [Hot Wallet](https://ergexplorer.com/addresses#9g1ReLmsbGevkTjfPGMdRMoFRdrAVskZVmSBpaEdVW2DfG4HDWm) managed by the Treasurer when sending payments. + ## Salaries Twenty people receive monthly salaries or rewards for their contributions. The vast majority (16/20) were promoted from within the community after exceptional contributions. -A breakdown of our usual salary commitments is as follows: +An average breakdown of how people in Ergo are awarded. ``` mermaid pie title 2023 Salary Averages @@ -45,6 +56,12 @@ pie title 2023 Salary Averages "Development" : 63 ``` +/// details | Roles + {type: info, open: true} +More information on each of these roles can be seen on [this page](ergo-foundation.md). +/// + + ## Outstanding Obligations Currently, the Ergo Foundation has $132,500 in outstanding obligations. @@ -73,19 +90,22 @@ In addition to the direct ERG spending above in 2023, - 160,000 SPF was donated to the [Sigmanauts](sigmanauts.md) Treasury - Totaling 1,622,000 SPF + + + /// details | The Ergo Foundations Future {type: info, open: true} -Please see [this section](ergo-foundation.md#the-ergo-foundations-future) for more information on the long-term goals of The Foundation. +Please see [this page](ef-future.md) for more information on the long-term goals of The Foundation. /// ## Votings -The Ergo Foundation members and officers discuss proposals before putting them to a formal vote on the ergoforum, passed with a majority of voting members. +The Ergo Foundation members and officers discuss proposals before putting them to a formal vote on the ergoforum, passed with a majority of voting members. Before voting on spending treasury funds, we will approach the [Good Whale Fund](https://ergoplatform.org/en/blog/2021-11-02-good-whales-grant-fund/), [DarkFund0](https://www.ergoforum.org/t/darkfund0-zk-fund-for-privacy-applications/398), or suggest creating a [Raffle](https://ergoraffle.com/) if appropriate. -Foundation votes this year have mostly been related to exchanges, market-makers, banks, and grant requests. +Foundation votes this year are usually related to our internal structures, exchanges, market-makers, banks, and grant requests. - (Dec 23) Transfer of all or Part of Treasury to New Multi-sig - (Oct 23) Pay raise for anon-br diff --git a/docs/ef/ergo-foundation.md b/docs/ef/ergo-foundation.md index e25e0c33..cb0b5981 100644 --- a/docs/ef/ergo-foundation.md +++ b/docs/ef/ergo-foundation.md @@ -10,9 +10,29 @@ The Ergo Foundation is a community-led organization with a focus on the followin - Supporting truly decentralized infrastructure; - Upholding privacy as a fundamental human right. -## Members +/// details | The Ergo Foundations Future + {type: info, open: true} +Please see [this page](ef-future.md) for more information on the long-term goals of The Foundation. +/// -The members of the Ergo Foundation primarily serve as multi-signature guards, voting on proposals to allocate treasury funds in line with the Foundation's mission. + +## Ergo Foundation Personnel + +The Ergo Foundation is composed of dedicated members who primarily function as multi-signature custodians. They vote on proposals to allocate treasury funds in alignment with the Foundation's mission. The Foundation also directly employs several Officers and Advisors. + +The day-to-day responsibilities of Foundation members are primarily organizational. They engage with exchanges, market-makers, and manage internal accounting and budgeting. They also oversee a variety of activities, including: + +- Contracting and compensating developers. +- Allocating 'bounties' on core repositories. +- Guiding core protocol development. +- Overseeing wallet development. +- Coordinating exchange listings. +- Managing payments to third parties for administrative and miscellaneous expenses. +- Facilitating partnership-related expenses. +- Organizing and funding hackathons and summits. +- Directing marketing and promotional initiatives. + +#### Ergo Foundation Members **Alexander Chepurnoy (kushti)**, Core Developer and a member of the Ergo Foundation, has been active in the blockchain field since 2011. He has authored over twenty academic papers and has more than fifteen years of experience in software development. Prior to co-founding Ergo, he co-founded smartcontract.com (now Chainlink), served as a core developer at NXT, and was one of the first employees at IOHK, where he held the positions of Research Fellow and Team Scorex Manager. @@ -26,17 +46,17 @@ The members of the Ergo Foundation primarily serve as multi-signature guards, vo **Joseph Armeanio** serves as a board member and the Business Development Director of the Ergo Foundation. Joseph has been involved in crypto on the investment side since 2013 and was a partner CIO at Big Bear Investments. He has been on the board of the Universal Education Foundation, a 501(c)3 organization, since 2008. He is passionate about counter-economic frameworks and tools for societal benefit. His role as a business developer involves creating partnerships in the crypto industry, educational partnerships, and research opportunities while promoting the adoption of Ergo tooling in the public and non-profit sectors. -### Ergo Foundation Officers +#### Ergo Foundation Officers **Alison Robson (anon_br)**, serving in Developer Relations, is a software engineer passionate about facilitating crypto adoption through enhanced user experience. He is active in the Portuguese community and wallet chats, and he develops tools to improve the user experience, such as the Paper Wallet and Ledger. **Anastasiia Sidorova** serves as the Treasurer of the Ergo Foundation. She holds a degree in "Mathematical methods in Economics" and worked as a banking analyst for four years before transitioning into hospitality. However, her passion for Analytics and Accounting has always remained. -### Ergo Foundation Advisors +#### Ergo Foundation Advisors **Daniel Friedman** is a Strategic Advisor to the Ergo Foundation. He began his professional career as a developer for a San Francisco-based software company, 2Bridge. After relocating to Japan, he became CTO of an Osaka-based software development firm specializing in Augmented Reality mobile applications. He serves as a strategic advisor to the Ergo Foundation Board and a business developer for IOHK. -## Ergo Foundation Personnel +#### Other Personnel The Ergo Foundation is made up of a diverse group of individuals, including salaried employees, volunteers, bounty collectors, and independent project developers within the Ergo ecosystem. It's important to note that there is no designated 'core' development team. The Core Marketing team, for instance, is a mix of dedicated community members and salaried professionals. Similarly, contributors who have made significant additions to core repositories may be invited to participate in Core Development discussions, regardless of their employment status. @@ -46,7 +66,11 @@ The current composition of our full-time personnel is as follows: - **Marketing**: Four individuals are compensated for their efforts. Further details can be found in the [marketing](#marketing) section. - **Development**: Three individuals are salaried, with additional contributions being covered by [bounties](bounties.md). +/// details | Spendings + {type: info, open: true} A detailed breakdown of our expenditure can be found in the [Treasury](ef-treasury.md) section. +/// + ## Scope @@ -58,16 +82,16 @@ The Ergo Foundation is committed to maximizing the number of valuable ecosystem The Foundation is also dedicated to helping with building trustless environments, smart contracts and payment frameworks for the public with privacy in mind. The Foundation believes that the Treasury should be distributed mainly to the community, including freelancers, hackers, experts and enthusiasts. -### Infrastructure +#### Infrastructure - Support for protocol research, development of the reference client, alternative clients (if needed), libraries, and developer tooling. - Improving market access by getting Ergo on centralised exchanges, hardware wallets, bridges, or other means. -### Education +#### Education - Creating materials to educate developers and users directly or funding their creation through third parties from within the community. -### Marketing +#### Relationship to Marketing The Foundation aims to promote the adoption of Ergo. While its operations in this area are conservative, it does fund a select few roles in linear marketing for areas not currently met by the community. @@ -88,50 +112,47 @@ The EF does not commonly pay for influencers or ad campaigns and does its best t The marketing department highlights projects building in the ecosystem. However, these initiatives do not constitute an endorsement from the Ergo Foundation. The Foundation will always use best practices to vet projects and ensure that there is no risk for potential users. Still, in the early stages of development, it is often unknowable if anything of substance will ultimately be produced. -### Relationship to Development +#### Relationship to Development Relationships between the Foundation and development only exist when there is a demand not met by the community, and this role is diminishing over time. Some EF members also have developer positions, and while their development activities are not part of their foundation involvement, they are listed here for transparency. -- Kushti manages any bounties relating to the reference client repository and keeps a watch over [sigma-rust](sigma-rust.md) development and any other high-level development and research not covered below. +- Kushti manages any bounties relating to the [reference client](node.md) repository and keeps a watch over [sigma-rust](sigma-rust.md) development and any other high-level development and research not covered below. - Morphic manages any JVM-related developers (Wallet devs, Scala devs, etc.) and the [sigmastate-interpreter](sigmastate-interpreter.md). -- mhs_sam manages a team of graduates and PhD students who have produced [Ergo Raffle](ergoraffle.md), [ErgoWell](ergowell.md), [Minotaur-wallet](wallets.md), and [Rosen Bridge](rosen.md). +- Mohammad Hasan Samadani (mhs_sam) manages a team of graduates and PhD students who have produced [Ergo Raffle](ergoraffle.md), [ErgoWell](ergowell.md), [Minotaur-wallet](wallets.md), and [Rosen Bridge](rosen.md). -### Activities -The average day-to-day for foundation members is mostly organisational, dealing with exchanges, market-makers and our internal accounting & budgeting. As well as overseeing the following activities: +#### Code Audits -- Salaries for contracted developers. -- Paying 'bounties' set on core repositories. -- Core protocol development. -- Wallet development. -- Exchange listings. -- Paying third parties for admin and miscellaneous expenses. -- Partnership-related expenses. -- Hackathon and summit-related expenses. -- Marketing and promotion-related costs. +The Ergo Foundation does not review or endorse any code specifically. Code reviews are sometimes performed by Ergo Foundation members (due to their expertise in this area), but this does not constitute an endorsement, and users should be aware of their assumptions when interacting with experimental DeFi protocols. (See - [*Know Your Assumptions*](kya.md)) -### Code Audits -The Ergo Foundation does not review or endorse any code specifically. Code reviews are sometimes performed by Ergo Foundation members (due to their expertise in this area), but this does not constitute an endorsement, and users should be aware of their assumptions when interacting with experimental DeFi protocols. (See - [*Know Your Assumptions*](kya.md)) -## The Ergo Foundations Future -The Foundation's role was to bootstrap the Ergo ecosystem in the initial years and build up the infrastructure required for adoption, solving the 'hard side' of Ergo and leading to the vibrant ecosystem we see today with: +#### Exchange Listings + +The Ergo Foundation, as a legal entity, is primarily responsible for liaising with centralized exchanges. Ergo has been listed on several exchanges, including three *Tier 1* exchanges (KuCoin, gate.io, Huobi). A *tier 1* exchange is defined as an exchange that appears in the top 10 of exchange ranking sites such as [defillama.com/cexs](https://defillama.com/cexs). + +Exchange discussions and details are typically confidential due to Non-Disclosure Agreements ('NDA'). However, we can share some general insights: + +- Listings are usually expensive. +- Exchanges generally do not buy liquidity or any of the native tokens or coins on the open market. Instead, a third-party Market Maker ('MM') is used, which has access to an API with a preallocated amount of ERG and USDT to create a liquid market. The MM can only buy/sell and lacks the credentials to withdraw assets. +- The Ergo Foundation has approached all major exchanges, and none have been rejected due to high costs. -- 300+ community devs -- 100+ Active contributors in the weekly dev chats -- 45 Hackathon participants in 2022 alone. -- 140+ projects are developing on Ergo. -- Consistently ranked in the top 100 for development activity on [artemis.xyz](https://app.artemis.xyz/developer-activity?ecosystemValue=Ergo) +If you're wondering why certain coins are listed and Ergo is not, it could be due to several reasons: -As time goes on, the importance of the EF should diminish and shift towards the community entirely. This is essential for both the strength of the ecosystem and ensuring that Ergo is not classified as a security. +- They are a native asset on an already integrated chain (i.e., ERC20, Cosmos, etc.), which requires less effort to add and maintain. +- They may have venture-capitalist funding and connections, which can be leveraged for early listings. +- They may have a smaller public distribution than ERG and can negotiate with exchanges for a percentage of their total supply. +- They may be less complex than Ergo, with no native asset support, no need to worry about UTXO dust, etc. +- They may be older than Ergo and were listed during the last bear market. +- Even though they are a unique Layer-1, they may only have a wrapped asset (i.e., on BSC) listed. -The [Sigmanauts Programme](sigmanauts.md) was launched at the start of 2022 to fill this need and build the required structures to pass the baton to the community. Now with a funded treasury and begining to test out Paideia, you can submit proposals for how they should spend it on [ergoforum](https://www.ergoforum.org/c/marketing/sigmanauts-treasury/35) +For updates on our exchange listing efforts, you can follow our [Weekly AMAs](https://www.youtube.com/@ErgoPlatform/streams). -The Ergo Foundation will likely exist for some time yet, and it may exist in some form for perpetuity as a legal entity to take counterparty risk when dealing with centralised actors. +The Ergo Foundation is committed to expanding Ergo's presence on exchanges. However, certain factors such as low volume or market cap can affect our eligibility for listing on some platforms. This is not due to a lack of effort or resources, but rather the nature of the crypto market and the specific requirements of different exchanges. -Alternatively, it could continue to exist as a research branch to encourage the development of applications and protocols which adhere to its original goals of supporting blockchain technology for social good, truly decentralised infrastructure and privacy as a basic human right. +We are also exploring the possibility of listing as wrapped tokens on exchanges, which could reduce barriers for high-quality tier 2/3 exchanges and help build up our access and volume. We are actively pursuing discussions with a global on-ramp to increase access for US users. -The best course of action is to grind and build infrastructure for when liquidity leaks or flees existing systems. Focus on user security assumptions, privacy and longer-term non-fragility. +While Ergo's fundamentals are strong, the decision to list a coin often comes down to factors such as profitability and ease of integration for the exchange. However, we believe that as Ergo's DeFi ecosystem matures and volume builds up, more exchanges will recognize its value and list it. -Not something we can necessarily force, time or predict, but we can position ourselves. \ No newline at end of file +In the meantime, we continue to prioritize development and community engagement over artificially inflating volume or engaging in questionable practices. We believe this approach will lead to sustainable growth and long-term success for Ergo. diff --git a/mkdocs.yml b/mkdocs.yml index 6167c4f5..45f9293a 100644 --- a/mkdocs.yml +++ b/mkdocs.yml @@ -155,6 +155,7 @@ nav: - ef/ergo-foundation.md - Treasury: ef/ef-treasury.md - Achievements: ef/ef-achievements.md + - Future: ef/ef-future.md - Events: - Events: events/index.md - ERGOHACK: events/ergohack.md