Blockchain Education Initiative

MattO, please see BEI's answers to your questions below:

1. What pledges you are making to grow the protocol via grants (if any)?

BEI has no specified pledges utilizing grants; however, BEI does generally envision pursuing grants for three primary purposes:

-Sponsorship of Large Education/Advocacy Projects:

One such project we are considering relates to expanding the Factom community to integrate to academic groups. If selected, we plan on using a portion of our ANO revenues and to provide Factom testnet nodes to University Blockchain Groups/Clubs to administer and write applications/tools using the protocol. We currently have contacts within a Harvard/MIT blockchain student group and plan on engaging similar groups at Carnegie Mellon University and Stanford University. If this effort turns out to be popular and expands to a large number of universities in the US, Central America, South America, and India, we could see situation that we’d apply for a grant to sustain/expand this ANO activity to a community initiative.

We eventually plan on exploring creating an academic DLT education/course manual for augmenting computer science courses at the secondary and collegiate level to allow incorporation of DLT (with emphasis on Factom) into existing academic courses. A manual would be more cost effective as well as easier to create and update than a standalone text book and we feel we could market the manual with additional classroom materials to schools in multiple countries, potentially in multiple languages. Similar to the benefit Factom has experienced with Factom being featured in the Blockchain for Dummies book, use, examples, and lessons incorporating Factom in academic computer sciences courses would also grow and strengthen the Factom community.

-Sponsorship/Organization of Large Education/Advocacy Events:

We plan on using ANO resources for sponsoring/supporting conferences; however, we can imagine pursuing a grant if we planned to sponsor or organize sizable events such as a large blockchain conference, Factom Hackathon, and/or blockchain media production.

-Core Protocol Development:

BEI members include a CEO, CTO, blockchain developer, and the chief of engineering of a specialized blockchain services company. Additionally, we foresee having dozens of business partnerships and affiliation of strong talent within the blockchain industry. We have, and expect to grow, a significant technical capacity that we also hope to leverage outside of our core ANO BEI pledges to lead core protocol development projects. Team members have experience leading multiple ICOs, creation of commercial distributed appcalitons, wallets, and smart contracts using several different blockchains. Our experience and exposure to a variety of blockchain projects will further enable us to contribute to the development of the Factom protocol.


2. What pledges you are making to grow the protocol in general (via ANO payouts or simply by time/resource dedication)?

The Blockchain Education Initiative has seven core lines of effort – all of which will benefit the Factom protocol and the greater Factom community. See BEI’s submitted application for more details.

Blockchain Education: BEI will design, produce, provide, and support DLT education programs at the youth, colligate, and professional level. BEI initially aims to educate commercial, civic, non-profit, and social organizations in Central America, the Caribbean, Southern America, and India. We plan to eventually expand our operational scope as resources allow and BEI business activities mature.

Blockchain Technical Training: DLT education and technical training will include tailorable self-paced, live virtual, or on-site expert-led seminars and courses primarily offered by our regional DLT Subject Matter Experts, or BEI-sponsored 3rd party DLT instructors. With BEI personnel speaking several global languages, spanning three continents, and time zones from UTC-08 to UTC+5, we see significant opportunity for BEI to provide students to IT professionals virtual education and training in diverse regions of the world that presently have little to no access to similar training, expanding the Factom community.

DLT Advocacy: BEI plans on aggressively seeking opportunities to speak at industry events, conferences, as well as education and blockchain-associated events. We also plan on advocating the protocol within social and civil organizations, especially those promoting better governance and socially-beneficial systems within central and South America. BEI will prioritize development of strategic and local partnerships to maximize market access and local representation, accelerate market penetration, expand geographic reach and exposure of its products and services, and to leverage partner affiliate networks, capabilities in pursuit of accomplishing BEI goals to benefit the protocol.

Full-spectrum Blockchain Consulting: BEI will facilitate full spectrum blockchain consulting via our partner blockchain organizations. Our anticipated partners will be able to provide ICOs, ICO marketing, blockchain testing and quality assurance, blockchain application development, as well as blockchain enterprise solutions for industries such as education, law, accounting, pharmaceuticals, titling, compliance, financial service, and entertainment. (Note: BEI has not entered into any partnerships yet; however, we have discussed such partnerships with multiple organizations able to provide the above services).

Support to DLT-associated educational initiatives: BEI aims to support blockchain-associated student and education initiatives. Initiatives could include sponsorship of student groups and university blockchain events, seminars to teach university faculty about blockchain and DLT education, hackathons, as well as co-sponsoring academic or internship scholarships. We have relationships with PhD students at Harvard and MIT and are exploring ideas of how BEI could sponsor/support blockchain-associated PhD projects that have benefit to the Factom Protocol.

Support to Initiatives Using DLT for the Advancement of Education: As BEI activities and organization grows and matures, we are interested in identifying and supporting projects that us DLT to augment and advance the effectiveness of public youth education.

Talent Development/Placement Services: We eventually foresee our education, training, outreach/advocacy, and consulting efforts, when in concert with our network of partners and affiliates to position us to effectively provide blockchain talent placement services. We anticipate working with technical recruiters and our partners to place graduates of our training courses, recipients of BEI scholarships, and other DLT talent into position to further DLT and its social and commercial integration.
 
MattO,
Sure, through our intern and and professional social networks, we have contacts that are part of the https://www.hubg.io

There exists such groups (varrying in size and scope) across a number of universities. Our intent would be to leverage our social and professional networks to gain introductions and relationships with these groups and work with them to expand awareness of the Factom protocol, potentially sponsor protocol-leveraging challenges across school teams, sponsor/help with university DLT-associated events, and as referenced previously - potentially sponsor some of the groups that wish to administer a Factom testnet (or Mainnet) node. Associations with student groups will facilitate our relationships to PhD students working on DLT-associated research as well as facilitate relationships to school faculty. BEI relations with university faculty and PhD students will create opportunity for additional BEI advisors and potential support to BEI courses, course design, BEI course instructors, future business opportunities, and conference speakers for the promotion of DLT.

The more associations we have, the greater will be our ability will be to expand the number of partners we have, and thus will enhance our ability to grow the Factom community and benefit the protocol with greater use and and an expanding talent pool familiar with Factom.

BEI lines of effort and activities were formulated to build on each other in that the success of one effort will increase our ability to succeed in another.

Thanks for the great question!
 
Thank you for applying. A few questions I am asking all applicants,
  1. How many person-hours per week do you expect your team to devote to this ecosystem?
  2. How will these hours be distributed among your members?
  3. How will this be distributed among your ANO activities (open source project dev, proprietary project dev, protocol level technical involvement, governance involvement, marketing/promotion … )?
  4. Can you give a list of demonstrable metrics that the community could use say 6 months or a year from now if you are selected in this application to evaluate your ANO?
 

Xavier Chen

LayerTech
Can you be more specific with your educational outreach pledges? For example in the above answer to Matt, you said "BEI will design, produce, provide, and support DLT education programs at the youth, colligate, and professional level. BEI initially aims to educate commercial, civic, non-profit, and social organizations in Central America, the Caribbean, Southern America, and India..." Do you have more specific benchmarks that are measurable like you will reach x number of students by x date? Similarly, in the "Blockchain Technical Training", many of your pledges are impressive in its breath of scope, but not very specific. Does your team have a short term focus that can produce result within three months and can be measurable by the community?

If possible, tie above answers with your financial projection? Even though your net profit stays the same as FCT price goes up, the salary is one line item that consistently goes up (not necessarily a bad thing). Can you explain how the increase in salary is being allocated? Are you pocketing the difference or are they reinvested back to achieve those extensive pledges you made?
 
Thank you for applying. A few questions I am asking all applicants,


  1. How many person-hours per week do you expect your team to devote to this ecosystem?
  2. How will these hours be distributed among your members?
  3. How will this be distributed among your ANO activities (open source project dev, proprietary project dev, protocol level technical involvement, governance involvement, marketing/promotion … )?
  4. Can you give a list of demonstrable metrics that the community could use say 6 months or a year from now if you are selected in this application to evaluate your ANO?

Julian,

1. As stated in our application, we expect our members will be part time and devote approximately 10-40 hours (each) per week to BEI.
In the beginning, the majority of hours will be used to set up server infrastructure, administration, accounting, finances, etc. We plan on focusing our initial efforts in Latin America pursuing some initial partnerships to help us get off the ground, exploring conference opportunities, maybe having one of our DLT instructors attending a Blockchain academy course or two to directly survey what is being offered through other organizations and the strengths and weaknesses of their curriculum and teaching delivery methods. Also, in the beginning, much time will also be spent on conceptualizing our desired educational courses, designing curriculums, course materials, etc. Website development will be a priority as well.

2. In the beginning, the majority of the hours will be conducted by our sysadmins, our director/administrator, and the BEI-Americas DLT educator. This will be our focus. I have no way of forecasting the number of hours per week per member - I assume it will be more than we anticipate and desire.

3. I apologize, I'm not sure where these activities come from - (open source project dev, proprietary project dev, protocol level technical involvement, governance involvement), BEI will be pursuing the seven lines of effort mentioned in a previous post above - We plan on starting with advocacy/promotion, DLT education, and consulting (3rd party). Technical training, support to DLT education activities (3rd party), support to DLT use in education, and Talent Development/Talent Placement Services will come later after we establish a basic level of service.


4. As we indicated in our application, we feel we should be judged on our ability to fulfill our campaign plan as described. We should be graded on our performance as a Mainnet node operator; our ability to broaden Factom awareness and use; and BEI’s efforts to expand and improve available DLT-associated education and training programs. In a years’ time, I would expect (having sufficient resources) we should have a functional website, stable and professionally administrated authority nodes, multiple instances of public advocacy for DLT and Factom (conferences, industry events, etc.), DLT educational seminars available and provided either virtually or in person that have been provided to multiple social, civic, or business organization, and we should have or be making progress towards offering technical blockchain-associated training courses.

Great Question - thank you
 
Can you be more specific with your educational outreach pledges? For example in the above answer to Matt, you said "BEI will design, produce, provide, and support DLT education programs at the youth, colligate, and professional level. BEI initially aims to educate commercial, civic, non-profit, and social organizations in Central America, the Caribbean, Southern America, and India..." Do you have more specific benchmarks that are measurable like you will reach x number of students by x date? Similarly, in the "Blockchain Technical Training", many of your pledges are impressive in its breath of scope, but not very specific. Does your team have a short term focus that can produce result within three months and can be measurable by the community?If possible, tie above answers with your financial projection? Even though your net profit stays the same as FCT price goes up, the salary is one line item that consistently goes up (not necessarily a bad thing). Can you explain how the increase in salary is being allocated? Are you pocketing the difference or are they reinvested back to achieve those extensive pledges you made?
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Xavierwjc, thanks for taking the time to read our application and for the great questions!!

Can you be more specific with your educational outreach pledges? For example, in the above answer to Matt, you said "BEI will design, produce, provide, and support DLT education programs at the youth, colligate, and professional level. BEI initially aims to educate commercial, civic, non-profit, and social organizations in Central America, the Caribbean, Southern America, and India..."

Absolutely, as described in our application, we aim to provide DLT education and training at multiple levels. If successful, in addition to our own activities, we also foresee sharing/licensing or selling our course materials to existing training companies to expand the number of people exposed to our educational and training courses (and Factom). Certainly, we do not plan on doing everything all at once, we won’t have the resources of capacity, but over time as we scale to meet demand and have the resources to expand the BEI project we aim to grow and expand our activities to bring further value to the protocol, Factom community, as well as the greater DLT space. At the professional level we aim to provide corporate-level DLT education seminars as well as technical training in-person and virtually. At the youth and collegiate level, we hope to develop and market course/classroom augmenting class materials and an academic manual (textbook addendum) to help parents with youth home schooling, high school teachers, and colleges integrate DLT education into their Computer Science courses. Long-term, we also discussed the idea of creating materials for a youth STEM summer course/camp – the idea (in the future) is that we would partner with other organizations to sponsor, administer, or run a STEM summer camp that incorporate hands on DLT learning and training for youths. We have additional ideas as well and they will all build on themselves as we scale and expand our services. We plan to focus on Latin America first as we foresee a number of partnership opportunities across the regional that we can pursue quickly that will give us early market access and opporuirnity to get our services out there.

Do you have more specific benchmarks that are measurable like you will reach x number of students by x date?

No, we don’t and I don’t really see value in creating quantitative benchmarks with this type of project– it will take time and resources to get things in order as well as design, produce, market, and deliver high quality educational and training products. We could create a student number and probably meet it, but it wouldn’t mean much–we are campaigning to bring value to the community and protocol; we have very few short-term goals and strive to become a significant player over time in the DLT education/training space across at least one continent. Our appcalitons document and my reply to MattO has the qualitative things I think the Factom community should hold us accountable to.

Similarly, in the "Blockchain Technical Training", many of your pledges are impressive in its breath of scope, but not very specific. Does your team have a short-term focus that can produce result within three months and can be measurable by the community?

Our progress will be evident and regularly publicly announced and reported - we have more to do than time and resources to do it so I would expect steady progress. With unlimited resources we could move faster, but still not extremely fast. In my reply to MattO I included what I thought our first month or two timelines would likely be.

The breadth and scope of the BEI project are intentional as we are trying to telegraph to the Factom Community our short, medium, and long-term vision for this project and all the opportunities that we believe are possible as we expand our services and activities. In addition to ANO node produced resources, overtime we strive to establish multiple marketable services to produce additional resources to fuel the frequency, breadth, and range of BEI services.

If possible, tie above answers with your financial projection? Even though your net profit stays the same as FCT price goes up, the salary is one-line item that consistently goes up (not necessarily a bad thing). Can you explain how the increase in salary is being allocated? Are you pocketing the difference or are they reinvested back to achieve those extensive pledges you made?

In the BEI Financial Planning document, as the FCT/USD price rises, the additional resources are completely consumed across four things leading to minimal profits: Marketing, Travel, Salaries, and what we call “3rd Party Production/Consulting, Sponsorships, Events.”
-Marketing is obvious – the more resources we have the more we will be able to tell people about what we and DLT can do for them.
-More resources mean we can travel more to conferences, schools, and to businesses, and civic and social organizations to provide DLT training, education, and advocacy.
-Salaries is the combination of two things: how much we pay people and how many people we have. With more resources we can afford to hire additional instructors in Latin America (the Caribbean, Central America, and South America) and on a somewhat lesser degree in India. The increase in salary expense that you call out is nearly entirely accounted for by the planned (commensurate with demand for BEI services) hiring of additional instructors.
-Finally, with more resources we can do more for the community and protocol. Our category “3rd Party Production/Consulting, Sponsorships, Events.” are the funds we plan to devote to fund BEI activities (instructor budgets). The greater the FTC/USD, the more we will be able to do, and the more we do, (we hope) will create more demand for the things we do.
 
As a reminder and point of clarity - as one of our many planed services and initiatives we plan on offering 3rd-party blockchain consulting to all our future customers and affiliates throughout Central and South America.
What this means in real terms is that in addition to facilitating the delivery of original blockchain (Factom) solutions created via one of our expected partner Blockchain services companies, we also intend to aggressively promote Blockchain (Factom) solutions developed by other ANOs and refer our clients to them for business.
So not only do we intend to educate organizations about the opportunities possible through Factom and provide technical training of how to use and build on Factom, but we also plan on promoting all the other ANOs' work and refer business to them whenever possible, providing a multiplier effect in our efforts will benefit the protocol and greater Factom Community.
Even in this downward trend of FCT prices, we still believe the community is moving in the right direction, building ANO capacity in support of the long-term delivery of value that Factom can and will provide.
 
NK01)
You have a massive team and are aiming to be a top DLT educational company, is this tied to you becoming an ANO?

NK02)
Your aim is to educate besides being an ANO. That would fit a non-profit organization rather nicely. Could you explain your reasons for going the for profit route?

NK03)
Is your goal to become a top DLT educational organization dependent to the grants mentioned above? The 40K is nice, but is a rather low amount to achieve that goal or do you see that differently?

NK04)
You have a progressive efficiency based on FCT price. In your application you have stated 25% efficiency. According to your application and with current price you should operate at 0% efficiency. At what efficiency should we rate you according to yourself?

NK05)
Host, scale, and maintain stable Factom Authority Nodes with 99.99%+ uptime, effective security, and 24/7 support
Could you explain what you mean with the 99,99%+ uptime, what does that include/entail?

NK06)
Help stabilize and promote the Factom Mainnet
How do you plan to stabilize Factom mainnet?
 
NK01)
You have a massive team and are aiming to be a top DLT educational company, is this tied to you becoming an ANO?

NK02)
Your aim is to educate besides being an ANO. That would fit a non-profit organization rather nicely. Could you explain your reasons for going the for profit route?

NK03)
Is your goal to become a top DLT educational organization dependent to the grants mentioned above? The 40K is nice, but is a rather low amount to achieve that goal or do you see that differently?

NK04)
You have a progressive efficiency based on FCT price. In your application you have stated 25% efficiency. According to your application and with current price you should operate at 0% efficiency. At what efficiency should we rate you according to yourself?

NK05)

Could you explain what you mean with the 99,99%+ uptime, what does that include/entail?

NK06)

How do you plan to stabilize Factom mainnet?



Niels, let me start with thanking you for both reading our application materials and asking such great questions! We look forward to any and all follow-up questions.


NK01)
You have a massive team and are aiming to be a top DLT educational company, is this tied to you becoming an ANO?

Yes, the realization of the Blockchain Education Initiative as a functional organization is directly tied to our selection as a Factom Mainnet ANO.

The team is “large” and diverse, which we see as a strength; members will be contributing to the project part-time in a variety of ways, but this will also be highly be influenced by available resources (FCT/USD). If selected, and with market success, we hope to grow/scale the team commensurate with demand for our services and resources available. In our application we tried to describe our long view of how we envision growing and providing services to support Factom and the greater Blockchain ecosystem. Also, within our application we tried to caveat our anticipated vision of activities/contributions will be phased overtime – we don’t expect to attack all our lines of effort all at once, but more in a linear/cumulative and sustainable approach. Our desire to become a player (and possibly a major player) in the DLT education space is a long-term objective that will be a great challenge and hopefully bring with it many benefits to the Factom protocol and the greater Factom community.


NK02)
Your aim is to educate besides being an ANO. That would fit a non-profit organization rather nicely. Could you explain your reasons for going the for profit route?

Our business entity status is something we have repeatedly discussed, and if selected, we intend to revisit our entity structure periodically to determine if an alternative structure, such as a non-profit organization, would further our ability to provide DLT education and training services (with a Factom focus whenever reasonable) as well as the other BEI lines of effort we described in our application. You are spot on with your suggestion and we agree adopting a non-profit structure is something we'll likely want to begin exploring further if selected. While there are some draw backs, there are many advantages that will allow us to uniquely advance causes and efforts for the greater Authority Set.
Our reasons for proposing we presently organize under an LLC are entirely practical at this point: we already have an existing LLC entity set up and paid for and amending its name to the Blockchain Education Initiative would cost almost nothing and be something that we could work from almost immediately. BEI’s aspirations and activities are not immune to the very low FCT/USD value, and in the beginning/start-up phase we want to spend as little as possible on things not directly contributing to our core value-adding processes and competencies (node operations, educational and training materials, etc.).


Besides the practical reasons, in the beginning we also want to retain maximum flexibility as we discover what our educational and training and external sponsoring activities will evolve into before potentially being locked into a rigid non-profit description of BEI’s activities. Additionally, a non-profit status would also require additional reporting requirements, regulations, and a differently structured board. Once we start providing services and have a better sense of the full scope of things we intend to pursue, sponsor, and provide, we’ll reexamine if it makes sense to apply for non-profit status.

For our vision of BEI to mature and truly provide maximum value to the Factom Community, we anticipate requiring non-protocol generated external sources of resources/funding – which we currently anticipate will come from consulting referrals, training course fees, and other academic/educational efforts. We want to have our profit generating activities well understood before assuming a non-profit status where these activities might/could be considered non-mission related. While non-profit status would open an option for BEI to receive grants and donations to support our mission and operational efforts, in the beginning we think the time and effort to seek out donations/grants would be better spent standing up the company, creating core products and services, and forming a network of partners and affiliates. A third option I like, but is a bit complicated, is to eventually form a hybrid organization structure whereby the BEI would apply for a non-profit status and we would create a for-profit subsidiary that would divert a portion of profits to support the BEI. These are all things that are predicated on both our selection as a Factom ANO and BEI successfully standing up and providing services the market demands. Regardless of how we organize – we strongly agree with you that an alternative business organization may be beneficial and we plan to periodically examine if we would be better served as a non-profit or for-profit business organization to further our mission to bring value to the Factom protocol and community.


NK03)
Is your goal to become a top DLT educational organization dependent to the grants mentioned above? The 40K is nice, but is a rather low amount to achieve that goal or do you see that differently?

No, the above grants ideas would support initiatives that we already plan on pursuing if selected. The above discussion was meant to be illustrative to the Factom Community of the type of projects we would anticipate pursuing if selected as an ANO. We don’t anticipate being dependent on grants to pursue our lines of effort.

In general, the $40k grant mentioned above was just an illustrative estimate and example – that project idea has not been fully developed and/or scoped for a budget/resources, but it remains one of several we are considering to explore to broaden the Factom community and build DLT talent.

Also, because you’ve mentioned it several times in your questions - we think it is important is to point out becoming “a top DLT educational organization” is not our driving goal for applying to become a Factom Mainnet ANO - We are campaigning to become an ANO to teach the world about and how to use DLT and Factom to drive expanded adoption/use of the Factom protocol throughout social, civic, non-profit, and commercial organizations as well as make processes in our lives better, organizations more transparent, and the world a better and more empowered place.


NK04)
You have a progressive efficiency based on FCT price. In your application you have stated 25% efficiency. According to your application and with current price you should operate at 0% efficiency. At what efficiency should we rate you according to yourself?

We don’t believe in choices, just tradeoffs. We have a very ambitious plan with a sizable and very skilled team. The tradeoff we now are forced to accept is to trade time and scope of activity for resource conservation. At $40/FCT we can do a lot, well, fast, and at the same time: with few resources we can do a little, slowly, well, but only one or two things at a time. Guides can rate us BEI at a 25% efficiency. Overtime, if FCT prices turnaround and surge, and our products and services generate external funding, we aspire to increase efficiency to better support community initiatives.


NK05)
Host, scale, and maintain stable Factom Authority Nodes with 99.99%+ uptime, effective security, and 24/7 support
Could you explain what you mean with the 99,99%+ uptime, what does that include/entail?

Sure, the “99,99%+” is what our datacenters/service providers are claiming that they can provide – so in turn, we aim to provide that level of uptime availability with our Authority Nodes to the Mainnet.


NK06)
Help stabilize and promote the Factom Mainnet
How do you plan to stabilize Factom mainnet?

Our thoughts behind this statement originated prior to the spate of recent technical protocol issues causing instability in the network. Thinking instead of possible human factors, what we meant to convey by the statement was that we will be responsible stakeholders in operating our nodes, follow community node operating best practices and security procedures, and scale/upgrade our servers accordingly to ensure our nodes will be technically sufficient to stably handle the needs of the network. Under the current protocol circumstances, we can see that this statement could be confusing.
 
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We don’t believe in choices, just tradeoffs. We have a very ambitious plan with a sizable and very skilled team. The tradeoff we now are forced to accept is to trade time and scope of activity for resource conservation. At $40/FCT we can do a lot, well, fast, and at the same time: with few resources we can do a little, slowly, well, but only one or two things at a time. Guides can rate us BEI at a 25% efficiency. Overtime, if FCT prices turnaround and surge, and our products and services generate external funding, we aspire to increase efficiency to better support community initiatives.
I get the reasons for the dynamic efficiency. I am even part of an ANO that has the same concept ;)

Yet the problem is that we have a fixed efficiency to rate you at during the decision making process that directly impacts scores and your application clearly shows the efficiency you would be running at at a certain FCT price. So why would guides rate you at another efficiency (25%) then the efficiency according to your supporting documents when we rate you in a week time?

In other words, you have to come up with a convincing reason, otherwise we have to rate you at the actual price point
 
I get the reasons for the dynamic efficiency. I am even part of an ANO that has the same concept ;)

Yet the problem is that we have a fixed efficiency to rate you at during the decision making process that directly impacts scores and your application clearly shows the efficiency you would be running at at a certain FCT price. So why would guides rate you at another efficiency (25%) then the efficiency according to your supporting documents when we rate you in a week time?

In other words, you have to come up with a convincing reason, otherwise we have to rate you at the actual price point

According to the financial planning documents Blockchain Education Initiative submitted, we indicated an estimated 0% efficiency below $5 FCT/USD and an estimated 25% efficiency below $10. With today’s FCT/USD above $5, according to our documentation, we operate and should be assessed at a 25% node efficiency rate.

To ensure our efforts to be selected as a Factom ANO and bring value to the Factom community are not undermined by a FCT/USD price point of $4.99 on the day of ANO scoring, if selected we will function at an efficiency rate of not less than 25% for at least 60 days. We have no interest in operating at a 0% efficiency, and do not foresee a situation where that would actually happen. We are here to bring value (lots of it) to the Authority Set, protocol, and greater community, and wholeheartedly agree that diverting resources to the community grant pool is both the right and necessary thing to do.

While the FCT market price likely will remain volatile, we are confident that it will soon establish a stable bottom above $5 (hopefully well above that amount). Moreover, with the original 21 ANO teams gaining momentum in their activities, the community grants in place, and new ANOs to be selected coming online, we expect FCT market values to correct modestly to significantly upward. Regardless, if this proves untrue and we see long-term FCT/USD prices SIGNIFICANTLY lower than $5, if selected, we certainly would discuss any potential change to our efficiency with the other ANOs before making any kind of change.

Thank you for your questions - your professionalism and thoroughness in reviewing and analyzing the ANO appcalitons is greatly appreciated.
 
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NK01)
You have a massive team and are aiming to be a top DLT educational company, is this tied to you becoming an ANO?

Yes, the realization of the Blockchain Education Initiative as a functional organization is directly tied to our selection as a Factom Mainnet ANO.

An additional comment that I feel I should clarify concerns your question and our response about Blockchain Education Initiative and its connection to our selection as an ANO.

I did state that our standing up BEI as an organization is directly linked to our selection as a Factom ANO – this is true. But you should also know that while we wait for the Factom community’s selection decision for Round Two ANOs, we are actively engaging several established technical training organizations for perspective partnership opportunities across Latin American and presently we have one team member in Europe meeting with multiple prospective partners, in fact we have a meeting set up with a global programming boot camp company later next week. We are receiving enthusiastic responses and feel that if selected, we will be in a good position to establish several significant partnerships that we anticipate will provide visibility and an ability to leverage established companies’ locations and customer bases to significantly enhance our ability to provide our anticipated services and evangelize the benefits of Factom and DLT, as well as provide/sponsor professional technical training to teach people across multiple continents how to leverage the Factom protocol for tomorrow’s solutions, which will expand both the Factom Community and commercial usage of the protocol. We are poised and excited to stand up as ANO and do everything we can to bring the protocol to greater prominence and surge practical and global usage.

As a final comment, BEI feels our proposal stands out among the rest in terms of scope, unique geographical/global focus, and our ability to not only provide an incredibly valuable and enduring set of services to the protocol and community, but also at the same time providing a conduit for the promotion and exposure of projects and initiatives by all the other Factom Authority Set ANOs.

We want to thank the guides and all the community members who read the round two ANO applications and asked questions. This was a great ANO selection round and the community continues to show its strength - we’re honored to be considered as a prospective ANO and hope to be a part of the great Factom story yet untold. Thank you [/QUOTE]
 
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