The Kin Foundation, a Canadian not-for-profit corporation dedicated to supporting the Kin ecosystem, is announcing that William Mougayar has taken the position of Executive Chairman, succeeding Ted Livingston who remains a Director. The Kin Foundation is also expanding its Board with the addition of Matt Hannam as Non-Executive Director. These appointments have taken effect November 16th 2020.
This update broadens the governance of Kin and supports the Kin Foundation’s work as it continues to prioritize what is best for the long term success of the Kin ecosystem by funding or assigning resources to achieve various objectives related to developer and consumer adoption, infrastructure support, research and development and the exercise of good governance.
William has been an independent Director of the Kin Foundation for the past two years. He is a known technology investor, entrepreneur and thought leader. He is the author of The Business Blockchain, producer of the Token Summit, former founding advisor to the Ethereum Foundation, and involved in a variety of blockchain organizations. Previously, he held senior level positions at Hewlett-Packard, Cognizant and Aberdeen Group, and founded 3 startups.
Matt has been a Kin Representative for the past 8 months, where he has provided valuable insight and advice to the Kin Foundation’s Board and its community. Based in Sydney, Australia, Matt brings a depth of experience in the legal and commercial fields, having advised leading financial institutions, hedge funds, public companies and blockchain projects in Australia, the UK and Europe.
In line with its long term objectives, the Kin Foundation will also appoint an Executive Director and a Community/Marketing Manager, as well as take further steps towards its increased financial independence to allow it to continue funding its needs to support the evolving decentralized nature of the Kin ecosystem. To that effect, starting in 2021, the Kin Foundation will begin converting small amounts of Kin to fiat for its operational budget.
About the Kin Foundation
The Kin Foundation sees itself as a participant in the Kin ecosystem, along other organisations, individuals and a thriving developer community which all support Kin. Its role includes promoting open advocacy for Kin, globally. The Kin Foundation also administers the Kin Rewards Engine, an innovative algorithmic protocol designed to incentivize and reward developers based on their economic contributions towards the overall well-being of the Kin ecosystem.
More than three years after its launch, Kin is in widespread use across a decentralized network of apps with millions of active end-users using Kin as a currency, every month. Today, Kin enjoys a good balance of economic and transactional activity across a variety of participants, and is openly transferable between users, developers, and other stakeholders.
Kin’s success is not solely due to the Kin Foundation or any one single player, rather it is the result of an accumulation of contributions from an adequately decentralised network of supporters, participants, as well as a diversified and vibrant community.