NGK Foundation is a non-profit organization registered in the United States. The Foundation is responsible for the allocation of NGK resources, NGK all expenses of the project, technical path planning, etc. are managed uniformly by the NGK Foundation. And the Foundation collaborated to promote NGK projects globally.
NGK foundation’s establishment completely changed the past community resources are not concentrated, the development advancement speed is slow and so on. fully integrate NGK community advantages and lay the foundation for NGK next development.
The Foundation holds part of the initial issue NGK, as well as other cash reserves as working capital as a NGK project promoter. The foundation uses some of its tokens to reward the public-chain ecological builders and DAPP developers who contribute to the NGK blockchain.
STO subscribed 35 million, or 58.3 per cent;
Unlock address reserve 10 million, about 16.7%;
Super community started 15 million, accounting for 25.
Furthermore, the NGK Foundation has overall planning for technical development fund support, training of outstanding personnel and public welfare undertakings.
NGK Foundation is open and transparent
NGK Foundation discloses the use of assets, community development, technology upgrading, etc., including:
1.The distribution of published assets can be viewed on the blockchain;
2.A report is issued annually;
3.Each cycle of technology upgrading will release a technology roadmap, real-time through official channels such as the official website to the community;
4. If there is a change in the organization of the foundation and other situations, real-time through official channels such as official websites to the community.
NGK foundation under supervision
Under supervision of conduct. NGK holders have the right to initiate inquiries. Enquiries NGK Foundation matters should be initiated with the current Chairman and the consultation should include briefings on specific matters. The current President shall respond to the community within a week and the response shall include a request for an incident, and an urgent decision-making mechanism and rationale.
Subsequently, the Foundation will coordinate NGK governance, ecosystems and other areas to build and advance stronger NGK.
