Darkcoin Developer Evan Duffield recently announced the launch of their official nonprofit organization – The Darkcoin Foundation.
The purpose behind the launch is to encourage the Darkcoin community to support the cryptocurrency’s development in the form of both “dues and donations”. “The Foundation doesn’t own the Darkcoin project–the community does,” wrote Duffield while explaining the organization’s cause. “The Foundation is here to help. We believe that organizing fundraising efforts will be beneficial, but everyone is free to continue contributing in whatever manner is most convenient.”
The nonprofit hence is now open to take new members on board, in return of a negligibly small fee of 10 DRK (or more if one feels to do so). Donations can also be sent by individuals who do not want to be a regular part of the Darkcoin Foundation, and the voting rounds that will come later. For others, they could join either on an annual-basis or for a lifetime as well.
The collected funds are promised to be stored in multi-signature wallets, and are also ensured to be kept transparent to the public. The funds won’t be anonymized, guarantees Duffield in his blogpost.
Areas of Development
The Darkcoin Foundation is planning to execute a broad mission for Darkcoin’s promotion, protection and standardization. In his current blogpost, Duffield has mentioned Darkcoin protocol development, community empowerment, and educational promotions as their key objectives. Meanwhile, the Darkcoin Foundation will also represent the coin on public forums.
For an altcoin, this whole development seems like a huge step towards achieving wider adoption and acknowledgement among individuals and the financial service sector.