Foundations Node Network Governance
Establishing a Strong Foundation: The Charter for the Community-Owned
Foundations Blockchain Ecosystem.
Governance is the way that decisions get made. Some blockchains rely on centralized governance, while others aim for decentralized and community-driven governance. Decentralized (sometimes called “distributed”) governance is not easy. It requires various mechanisms and processes designed to ensure the network's security, stability, and evolution. These processes include input from the community while shielding the blockchain from bad actors. The goal of distributed blockchain governance is to ensure that decisions are made collectively and transparently, reflecting the interests of the community as a whole rather than being controlled by a central authority.
*The Foundations Blockchain, node infrastructure, and digital reward launching early 2025.
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Frequently Asked Questions
What type of nodes does Foundations have?
There are 2 primary nodes right now that will be connecting to Foundations;
1) Smart AI nodes will confirm transactions and eventually host AI LLM models connected to the foundations blockchain.
2) Action AI nodes that will validate and also be the strongest and most computational node in the foundation decentralized eco system. These Action nodes will be activated by hodling a certain # of Smart AI nodes($500) as determined and approved by the community. Right now the # of 50 has been proposed but not approved by the community yet. This community vote will happen in the first quarter of 2025.
Will there be Foundations blockchain NFTs?
Yes. This will be decided and voted on by the community.
When will the foundations blockchain reward distribution be launched?
It is anticipated 2025 and the exact date will be voted on by the community. Action points will be calculating and tracked from Dec 1, 2024 and the data will be tracked in your foundations dashboard once it is live. The foundations dashboard is anticipated to go live 1st quarter of 2025.
What are the tokenomics?
Tokenomics will be decided by the community vote in 1st quarter 2025 and before the blockchain distribution turns on and is distributing daily.
How will foundations AI blockchain be funded by the community?
The foundations blockchain will is proposed to receive 2 of the 5 confirmation fees of each transaction that is verified on the foundations AI blockchain. These transaction fees will be used in 2 ways;
1) to fund the growth and development of the foundations blockchain technology and
2) A percentage will also be distributed daily to the node owners based on node work performed. The revenue from community NFTs, nodes, and confirmation fees will also be used to upgrade and improve the foundations blockchain technology.
Copyright 2024 Foundations. All rights reserved.
Nodes and the Foundations Blockchain are governed by a Distributed Governance Framework (DGF). The Foundations Blockchain, which is governed by Foundations Node Owners, self-govern the distribution of Foundations Digital Rewards. Foundations Digital Rewards are earned in exchange for work and action on the Foundations Blockchain. Foundations Digital Rewards are designed to have utility throughout the Foundations Ecosystem for the purchase of Foundations’s products and services. The Foundations Digital Reward is not an investment product and may never have any value outside of the Foundations Ecosystem. Foundations Node Owners should not expect to recognize any value from the Foundations Digital Reward other than its utility within the Foundations Ecosystem.
Copyright 2024 Foundations. All rights reserved.
Nodes and the Foundations Blockchain will be governed by a Distributed Governance Framework (DGF). The Foundations Blockchain, which is governed by Foundations Node Owners, will self-govern the distribution of Foundations Digital Rewards. Foundations Digital Rewards will be earned in exchange for work and action on the forthcoming Foundations Blockchain. Foundations Digital Rewards are designed to have utility throughout the Foundations Ecosystem for the purchase of Foundations’s products and services. The Foundations Digital Reward is not an investment product and may never have any value outside of the Foundations Ecosystem. Foundations Node Owners should not expect to recognize any value from the Foundations Digital Reward other than its utility within the Foundations Ecosystem. The Foundations Blockchain, node infrastructure and digital reward launching early 2025.