The XION Foundation is a non-profit organization dedicated to leading the development of the XION ecosystem and adhering to its core values. Its purpose is to carefully manage and continuously expand the XION network - an open blockchain platform that enables developers to build Web3 applications that are accessible to everyone, everywhere.
In addition, we will launch the $XION token, a utility token that drives the XION Proof of Stake (PoS) network, which lays a solid foundation for a thriving, self-sufficient ecosystem. It is used to protect the security of the network and is designed to encourage participation, cooperation and growth in the ecosystem while ensuring that the network remains decentralized.
As an open blockchain platform, XION is committed to making Web3 applications accessible to everyone. It provides developers with the ability to create and deploy applications that can be used by users around the world, eliminating barriers to entry into the blockchain market. We firmly believe that by simplifying the entry barrier of blockchain technology, we can promote the popularization and democratization of financial services, asset ownership and the digital economy.
The XION Foundation supports teams building secure, open source and decentralized applications within the ecosystem, with the main goal of ensuring universal accessibility of Web3 through XION. Its ultimate goal is to pave the way for a decentralized Internet where all users can participate freely and securely. As the XION Foundation continues to grow, it will continue to drive new initiatives to grow the ecosystem, such as:
· Support developers building infrastructure and applications on XION
· Oversee community incentives and airdrop programs
· Fund research and development of scalable, accessible blockchain systems
· Support open source public goods for the ecosystem
· Encourage open, core development processes
· Oversee a rewards and delegation program to recognize meaningful contributions to the network
The XION Foundation will play a balancing role, providing guidance while ensuring that the community remains the leading force in the development of the ecosystem. The future of Web3 is collaborative and inclusive. The XION Foundation is committed to empowering people around the world to develop and use accessible blockchain applications. Our joint efforts aim to achieve a truly open and inclusive Web3 ecosystem, and XION plays a key role in achieving this vision. We sincerely invite all organizations and individuals who share the vision of popularizing blockchain technology to join us in promoting the accessibility of technology to everyone.
About XION
XION is the first Layer 1 blockchain built for consumer adoption through chain abstraction. The founder of XION is Burnt Banksy, who sparked a global discussion about NFTs three years ago by burning a Banksy artwork and minting it into an NFT. Through XION, Burnt Banksy is committed to democratizing Web3 and making digital asset ownership easy for everyone, removing unnecessary barriers and complexity.
By implementing features such as account abstraction, signatures, fees, interoperability, etc. at the protocol layer, XION is able to provide a secure, intuitive and seamless user experience. The project has raised over $36 million in funding from top investors such as Multicoin, Circle, Animoca, Hashkey, Spartan, etc.
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