PEGO Network Official Foundation PEGO is Established

PEGO Network
PEGO Network
Published in
2 min readAug 1, 2022

Introduction of PEGO Foundation

PEGO Foundation is a non-profit organization initiated by PEGO Network, which provides the impetus for community development and community governance and accelerates the DAO governance process of PEGO Network. At the same time, PEGO Foundation will support the development of PEGO Network’s public chain ecosystem and related technologies. It empowers the related ecological matrix of PEGO Network, W3Swap, and FistNFT, and accelerates the growth and development of the public chain ecosystem.

Why Establish PEGO?

As an important part of PEGO Network’s massive public chain ecosystem, the establishment of the PEGO Foundation will play an important role in safeguarding the public chain’s infrastructure, token economic system health, and positive development of the public chain ecosystem. PEGO Foundation will spare no effort to serve the community and encourage community members to recognize the sustainable development plan of the PEGO public chain ecosystem, thereby enhancing the cohesion of public chain ecosystem members.

Main Functions of PEGO

Foundation Further expands the community and optimize the DAO governance system;

Seek or review projects that are beneficial to the development of PEGO Network’s public chain ecosystem and conduct due diligence;

Use foundation funds to support the development of quality projects comprehensively;

Funds of PEGO Foundation

On the one hand, the funds of the PEGO Foundation come from the support of several top global crypto capitals and DAO organizations, and on the other hand, they come from transparent and democratic public donations of public chain ecosystem projects. PEGO Foundation will gradually disclose the supporting capital and donation organizations in future development. The goal of the foundation is to complete 100–200 million US dollars in funds within the next year to support the development of the public chain ecosystem.

How to get updated about the Foundation?

Everyone can learn about and obtain the latest news of the PEGO Foundation through PEGO Network Twitter: https://twitter.com/pegonetwork and Telegram News channel. All official content of the PEGO Foundation will be published promptly, openly, and transparently, including the relevant foundation address, which will be disclosed in subsequent progress.

All members of the PEGO Foundation are passionate and committed to a common vision — to contribute positively to the development of the public chain ecosystem by joining PEGO, and to lead a new round of public chain ecosystem benefits. Its arrival:

Will make PEGO public chain ecosystem governance more decentralized, self-organized, and collaborative;

Will shape a new public chain ecosystem pattern, and achieve a deep connection between PEGO public chain ecosystem and Web3.0;

Will infiltrate the high-quality public chain ecosystem map into various fields and circles that can be reached by blockchain and Crypto.

Follow PEGO Network and stay up-to-date:

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PEGO Network
PEGO Network

PEGO is a Web3 infrastructure that provides high autonomy, scalability, and sustainability for decentralized applications.