EINSTEINIUM FOUNDATION UPDATE (JUNE 2021)

To members of the Einsteinium community,

This past month was a tumultuous period in the history of Einsteinium. Despite all of this, we continue to work and monitor events as they occur in a number of areas. We will keep the community informed as new information arises.

Our response to EMC2’s Upbit delisting

The Upbit exchange recently notified a number of projects that they will be delisted. Unfortunately, Einsteinium was part of this list despite our strong relationship with the Korean community and a long history with the Upbit exchange. All evidence points to this delisting to be a response to the South Korean government's increasing regulations rather than anything Einsteinium would be at fault for. We did all we could to communicate and stay in compliance with the exchanges demands. This includes detailed written responses and direct actions taken to alleviate Upbit’s concerns.

We encourage all of those impacted to register accounts on a number of exchanges that currently support Einsteinium. We will also be making efforts with new exchanges to offer EMC2 to a wider trading market. We will continue to update our community as this develops.

More details can be found on our recent post.

EMC2 Komodo upgrade, securing our blockchain

This month we took steps to strengthen and secure our blockchain. As per our previous blog post: https://www.emc2.foundation/emc2-blog/2021/6/11/emc2-wallet-upgrade-notice. We have updated our wallet for the Komodo (KMD) notary season 5. All builds are now immediately available on our website.

EMC2 Fellowships

      In 2018, the Einsteinium Foundation, a non-profit organization (NPO) and the world's first NPO to be backed by cryptocurrency, established our annual award program. We did this in order to offer grant money to directly support scientific research. 

We continue to balance our operations as a cryptocurrency and philanthropic organization. Therefore, on the anniversary of Einstein’s birthday, we announced that the Einsteinium Foundation will support the Einsteinium Fellowships, with details of this initiative described in our recent blog post. This marks a very special occasion for the Einsteinium Foundation as our organization's founding was inspired by Albert Einstein. For this program, there are no restrictions on the type of projects that are eligible but they must be scientific in nature and well-thought out. Additionally, eligible projects must follow a general ethos to push human knowledge forward, and strive to build us a better, safer and more stable future. In this regard, the fellowships support researchers across career stages including graduate, postgraduate, or professorships by offering funds to be utilized for the advancement of a scientific project. This year, we will be offering the Einsteinium Fellowships in the form of 10 fellowships to be awarded on a rolling basis throughout the year. Each fellow will be awarded 10,000 EMC2 in unrestricted funds. We encourage you to spread awareness of this initiative and if interested, to direct your application here.

MIL Development

In keeping with our previous announcements regarding MIL, we continue to build out the ecosystem of software. This includes technical innovations, and user-interface items to ensure an easy to access product. We will also be releasing a first-look at our MIL logo for the community. In addition, we undertook a blockchain reset after testing and are happy to announce now that the MIL MainNet is fully up and operational. 

We will be releasing more details for MIL through an updated roadmap and timeline in the near future. We are also in final preparations for the release of MIL source code and wallet builds. We are thankful for our community and all it offers. This is a very exciting time for Einsteinium!

Leadership of the Einsteinium Foundation

About the Einsteinium Foundation: The Einsteinium Foundation is a non-profit organization (NPO), and the world's first NPO to be backed by cryptocurrency. The defining characteristics of The Einsteinium Foundation is its ongoing commitment to research and charitable missions throughout the world, and to the safeguarding, maintenance, and development of Einsteinium, an international digital currency built on a secure, decentralized open ledger, or blockchain.

Contact: contact@emc2.foundation

Subscribe to The Einsteinium Foundations email list to get up to date information.

Contact us via several channels:

Alexander Lucaci