20190131-NEM Foundation-Message to the Community
NEM Foundation –message to the community -The previous foundation structure that are based on decentralized regions with promotion-focused goal had failed For the past two years, the structure of the NEM Foundation was a first-of-its-kind attempt to running a decentralized promotional organization in different regions around the world. The Foundation was trusted with making decisions for the NEM public chain and spreading its global adoption. In 2018, the Foundation tested the concept of decentralized regional leadership, allowing each region a great deal of freedom in how they operated as long as they were promoting NEM. -Misuse of funds due to lack of accountability for funds, lack of performance metrics and duplicated efforts When the new council arrived on January 1, 2019, we opened the books and saw the results of 2018. We saw a lot of talented people who were working hard, but not aligned with the same goals. We saw efforts being duplicated, and inconsistent metrics of success. W...