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Neighborhood Sun Launches Community Investment Campaign on Wefunder to Support Company’s Rapid Growth Enabling Clean Energy Access to All through Solar

Neighborhood Sun

Neighborhood Sun, a community solar company making affordable solar accessible to all through its advanced community solar software platform, Sun Engine (™), today announced a community investment campaign to raise additional funds to expand on the success and positive social and environmental impact it achieved in 2021. Community solar allows anyone who pays an electric bill to access the same benefits as rooftop solar without installing any equipment or paying upfront costs. Neighborhood Sun believes it’s essential that all stakeholders have an equal opportunity to support community solar, which is why the company is offering the same terms publicly to its community members, customers and the general public as it did to private investors. More details about the opportunity and Neighborhood Sun can be found at wefunder.com/neighborhoodsun. “2021 was a significant growth year for the company,” said Gary Skulnik, Neighborhood Sun’s CEO and Founder. “We see this investment opportunity as a way for the community to grow with us and support our planet-first, people-powered business whose mission is to bring solar to everyone.” The company dramatically increased the total value of its booked contracts from around $1 MM to more than $28 MM in just one year, and its recurring revenue from customer management jumped 343%. Additionally, the company has built a strong pipeline of future projects worth over $75 MM. “We’ll be using the funds raised to expand into new markets, grow the senior management team and further innovate our proprietary software platform for customer management,” continued Skulnik. The company previously completed a successful crowdfunding round on the Wefunder platform that closed last year. Neighborhood Sun is a Certified B-Corporation, meeting the highest environmental, community, governance and employee standards in the business and was recently awarded a prestigious “Best for the World – Environment” award. In December of last year, Neighborhood Sun merged with Astral Power, a New York-based provider of access to locally produced clean energy. Together, the combined platform manages and has acquired more than 130 megawatts of community solar and virtual net-metered renewable energy projects and customers, enough to power more than 15,000 homes across the country. About Neighborhood Sun Neighborhood Sun is committed to bringing the promise of solar to all – not just the select few. The Certified B Corporation is a national leader in expanding solar access to underserved communities to address energy equity. Through its SunEngine ™ advanced software platform, it offers a flexible, secure and fully transparent platform for solar developers or asset owners, plus a simplified enrollment experience for customers. For more information, go to www.neighborhoodsun.solar Contact Details Wilkinson + Associates Leah Wilkinson +1 703-907-0010 leah@wilkinson.associates Company Website https://neighborhoodsun.solar

April 05, 2022 09:05 AM Eastern Daylight Time

VBOX ATSC 3.0 TESTBED – VERSION 2.5 NOW AVAILABLE

VBox Communications

SUPPORTS BROADCAST APPS, DATACASTING CAPABILITIES & ADDITIONAL “BEYOND TV” FUNCTIONALITY FOR COMPANION DEVICES VBox Communications, a pioneering specialist in broadcast TV streaming, recording and digital datacasting, today announced the availability of Version 2.5 of its ATSC 3.0 Testbed platform – offering an array of new features and enhanced functionality for the NextGenTV product development community. VBox will be presenting in NAB Show Las Vegas April 24-27 th in Future of Delivery, West Hall, Booth W9513 The VBox ATSC 3.0 Testbed – Version 2.5 platform enables unified analysis of both linear broadcast and “beyond TV” data signal provision, and introduces new functionalities such as: Comprehensive ATSC 3.0 content reception and recasting capabilities across connected network devices – including Electronic Service Guide (ESG) information (Service Categories 1 & 4) Fully supported ATSC 3.0 broadcast app accessibility, and interactive functionality present on Local and Multi screens: “Android App available” Seamless enablement of Advanced Emergency Information (AEI) applications Inclusive support for datacasting, remote/distance learning and other interactive applications (Service Category 3) Harmonized delivery of primary and companion (CD) device a applications in accordance to ATSC 3.0 Standard A/338 (Beta) Extensive SDK & testing documentation Monitoring and Analysis tools built-in web management interface The VBox ATSC 3.0 Testbed – Version 2.5 is aimed at assisting broadcast engineers, digital application developers, datacast system integrators, and NextGenTV technology vendors with a comprehensive, yet cost-effective toolkit to evaluate the viability of ATSC 3.0 product field trials and assess market launch success. “As ATSC 3.0 market penetration approaches 50% of the US population, there is a growing need for assessing broadcast signal reception and testing ‘beyond TV’ data applications that the NextGenTV standard promises,” said Jonathan Rind, VBox Marketing Director. “VBox Communications is committed to the continued development of the most comprehensive tools for evaluating ATSC 3.0/NextGenTV features via its TestBed series, with a constant goal of being the go-to “future-proof” platform for the industry’s evolving needs.” Come and meet VBox Communications at NAB Show, Las Vegas, April 24-27 th in the Future of Delivery area, West Hall, Booth W9513 To set up a meeting with us during the NAB show please click: https://vboxcomm.com/event/nab-april-2022/ and fill the form. About VBox Communications: VBox Communications ( https://vboxcomm.com /) is an expert in Digital TV, offering products that deliver live TV broadcasts (e.g., DVB-T/T2, DVB-C, DVB-S2, ISDB-T/ATSC) to IP, combined with OTT video streaming services, for home and business use. VBox’s innovative, end-to-end firmware, software, and hardware solutions empower telcos, STB/streamer OEMs, and integrators to harness the benefits of converged live broadcast and IP- based TV – while helping grow revenues, streamlining communications and reducing costs. The company is also an official member of the Advanced Television Systems Committee ( ATSC ) committed to ATSC 3.0 future developments as well as an active contributor and participant in the evolving 5G Broadcast standard, with planned products in the pipeline. For more details about the ATSC 3.0 Testbed, please contact us at: marketing@vboxcomm.com. More information about the VBox ATSC 3.0 TV Gateway can be found at: https://vboxcomm.com/landing/landing-atsc3/ Contact Details VBox Communications Ltd. Jonathan Rind +972 9-950-2821 jonathanr@vboxcomm.com Company Website https://vboxcomm.com/

April 05, 2022 08:53 AM Eastern Daylight Time

ASL Capital Markets Designated Primary Dealer by Federal Reserve Bank of New York

ASL Capital Markets Inc. (ASL)

ASL Capital Markets Inc. (ASL), a government securities broker-dealer focused on trading and securities financing, today announced that it has been designated a primary dealer by the New York Fed. ASL is now one of 25 primary dealers, which serve as counterparties to the New York Fed in open-market operations, underwrite Treasury debt issuance, and provide analysis and market intelligence to trading desks at the New York Fed. “Being designated a primary dealer by the Federal Reserve Bank of New York is consistent with our focused strategy to provide our customers with the highest level of service and best market intelligence in the U.S. government securities sector,” said David Littlewood, ASL Chief Executive Officer. “We are delighted to join the group of dealers trading directly with the Federal Reserve Bank of New York,” said Evan Gerhard, ASL President and Chief Operating Officer. “This designation is a natural next step as we continue to build our fixed income platform to provide broad access and liquidity in US government securities.” About ASL ASL Capital Markets is a market-leading, independent broker-dealer providing institutional clients trading and securities financing solutions in US government securities. ASL is a certified Minority-Owned Business (MBE) certified by the Greater New England Minority Supplier Development Council as well as several states. The firm is FINRA registered, a self-clearing member of the Fixed Income Clearing Corporation and a member of SIPC. For further information about ASL, see www.aslcap.com. Contact Details Mercury Marketing Communications on Melissa LoParco +1 203-348-7541 Mloparco@Mercurymc.us Mercury Marketing Communications Tom Renner +1 203-947-4815 Company Website https://aslcap.com/

April 04, 2022 04:33 PM Eastern Daylight Time

Neighborhood Sun Launches Campaign to Increase Access to Community Solar and Cost Savings for Columbia County Residents

Neighborhood Sun

Neighborhood Sun, a community solar company making affordable solar accessible to all through its advanced community solar software platform, Sun Engine (™), is launching a county-wide community solar campaign to spread awareness and promote equitable access to clean energy across Columbia County, New York. Starting this week, Neighborhood Sun, which recently merged with NY-based Astral Power, is partnering with OYA Solar, a leading solar developer and independent power producer, and the Columbia County Climate Smart Communities (CSC) Task Force to educate residents and businesses about the many benefits of community solar. To celebrate the campaign, Neighborhood Sun is offering each new subscriber a $100 sign-on bonus as well as a $100 donation to the county’s sustainability fund in their name. Neighborhood Sun and OYA Solar are supporting the CSC ’s mandate and the State’s net-zero targets by developing, constructing and operating community solar projects across New York. CSC is a New York State program that helps local governments take action to reduce greenhouse gas emissions and adapt to a changing climate. " We need community solar because only about 30 percent of people can have their own panels," said Angus Eaton, Chair of the Town of Chatham CSC. Unlike with rooftop solar, anyone can participate in community solar because it doesn’t involve any installations, costs, or fees for subscribers – just savings and local clean energy. Additionally, consolidated billing allows subscribers to receive only one monthly electric bill, making billing more convenient and increasing equitable access for Low- and Moderate-Income residents. Annual electricity costs can be reduced by up to 10% with the clean energy credits from community solar. Columbia County residents, businesses, and organizations can now sign up for community solar through Neighborhood Sun’s SunEngine ™ advanced software platform, which offers flexibility, security, and transparency to customers using a simplified enrollment process. Community Solar is a statewide program that incentivizes people with reduced electricity bills for participating in their community’s transition to clean energy. All public utility ratepayers in N.Y. already pay a System Benefit Charge (SBC) on their utility bill to support the Clean Energy Fund. “The CSC Task Force has taken the guesswork out of community solar for its citizens by making it a wasted opportunity for residents and businesses who don't subscribe,” said Cara Humphrey, VP Strategic Sales, Neighborhood Sun. About Neighborhood Sun Neighborhood Sun is committed to bringing the promise of solar to all – not just the select few. The Certified B Corporation is a national leader in expanding solar access to underserved communities to address energy equity. Through its SunEngine™ advanced software platform, it offers a flexible, secure and fully transparent platform for solar developers or asset owners, plus a simplified enrollment experience for customers. For more information, go to www.neighborhoodsun.solar For more information about this program, contact Cara Humphrey at (914) 475-1395 or cara.humphrey@neighborhoodsun.solar About OYA Solar OYA Solar is a North American full-service solar developer and independent power producer. Its projects provide clean energy and widespread economic and environmental benefits for landowners, communities, and energy customers. It is committed to developing and operating solar projects, with a particular focus on community solar, that incentivize the participation of low-to-moderate income households. Founded in 2009, OYA is the first North American solar platform to have been certified as a diverse supplier and minority business enterprise. We have successfully monetized in excess of 1,400 MW DC of distributed and utility-scale solar projects across North America and our current development pipeline exceeds 3 GW DC. For more information, please visit www.oyasolar.com. Contact Details Wilkinson + Associates for Neighborhood Sun Mrs Leah F Wilkinson +1 703-907-0010 leah@wilkinson.associates Company Website https://neighborhoodsun.solar

April 04, 2022 11:19 AM Eastern Daylight Time

Telos NFT Ecosystem Gains Support via Strategic Partnership with Byt

Telos Foundation

The Telos Foundation is pleased to announce a major strategic partnership with Byt ( https://www.byt.io ). Byt is an NFT ecosystem consisting of a chain agnostic marketplace, world class launchpad, and highly accurate rarity analytics tool, RarityMon (https://www.raritymon.com). Together, Telos and Byt will build a robust NFT marketplace within the Telos ecosystem that will power next level minting and management capabilities. Byt will also support Telos’ NFT competition and its own-brand NFT collection (unveiled in the next few weeks). Byt has been behind multiple extraordinarily successful NFT launches. One of which was the Neo Tokyo launch on Ethereum which rose to a peak market cap of over $500 million. “The synergistic potential of this partnership is exactly what we have been striving to bring to our NFT ecosystem. The entire Telos team is super excited to see the tEVM put to work by a stellar NFT platform like Byt. Our speed, low costs, endless capacity, and no front running are sure to make NFT enthusiasts super happy.” Justin Giudici, Acting CEO at Telos Foundation The Telos Blockchain (ticker: Tlos) is a third-generation chain supporting C++ and solidity-based applications. Telos’s leading EVM solution, the tEVM, offers dApps and end users the highest throughput and lowest fixed gas fees to date. The ludicrous fast speeds and fixed nano size gas fees are the ideal building blocks needed for the mass production and trading of NFT collections. "Byt is extremely excited to be working with Telos, the fastest EVM blockchain, as they push towards the future of NFTs and Web3. With an already very established team we hope to help push those efforts to a new level and support the NFT community on telos in a way that's never been seen before." Kaleb Phillips, Founder and CEO Interesting Byt Features: Byt's state of the art smart contract technology allows for gas optimized mints, on chain metadata generation, and custom features to be created on any EVM chain. The Byt marketplace will soon release state of the art features such as customizable public profiles, dynamic achievements, and social features. Byt's RarityMon rarity tool allows custom roles to be applied in discord servers based on rarities and traits. Powered by Byt on Telos, the Telos team is planning a major competition to bring NFT creation to the masses and is planning to integrate NFTs as an integral component of its Developer and Application Community. Furthering these ambitions, Telos has also hired the first NFT Curator in crypto, The Big Gooey, to lead efforts, support the art world, and build a truly vibrant Telosian Collection. TBG will assist artists and creators to make Telos NFTs their first-choice media. About Telos Telos Blockchain (ticker: Tlos) is a third-generation smart contract platform that offers compatibility with Solidity, Vyper and Native C++ smart contracts. Telos provides full EVM/Solidity support with fixed low-cost gas fees and no front running and uniquely. Telos also offers a path to fee-less transactions via its robust native C++ smart contract support (also no front running). The chain can sustainably support hundreds of millions of transactions per day, it produces blocks in 0.5 second intervals on a first-in-first-out basis (eliminating front running on the network) and the network is securely validated by a truly equitably sized global block producer network. Telos performance is unrivaled in the industry and was purpose-built to offer speed, scalability, cost-effectiveness, true decentralization, and end-user fairness. Telos is built to facilitate the thriving Metaverse / Web 3.0 better than any other layer 1 blockchain. Telos harnesses its power from utilizing tight C++ on the frontend and a custom WASM runtime environment on the backend. Telos is exactly what Elon Musk recently described to be the best: Read Tweet Here About The Foundation The Telos Foundation is a Decentralized Autonomous Organization established as a promotional and funding body to advance the Telos Blockchain Network and provide support to network applications. Contact Details The Team hello@telosfoundation.io Company Website https://www.telos.net/

April 04, 2022 10:07 AM Eastern Daylight Time

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Stagwell’s (STGW) Flagship Media Agency Assembly Selected by Lenovo as Global Agency of Record For EMEA, North America, & Latin America

Assembly

Global omnichannel agency Assembly has been named a Media Agency of Record for Lenovo, one of the world’s largest technology companies. Assembly will lead Lenovo’s full-funnel paid media program for its consumer (including Yoga and Lenovo Legion gaming), commercial (including ThinkPad), and small and medium-sized business segments (including ThinkBook) across North America, Europe, the Middle East, Africa, and Latin America. Lenovo has brought Assembly on to strengthen its audience-centric and insight-led media approach, with an emphasis on data convergence, performance measurement, and technology, to drive greater marketing effectiveness. The appointment supports the operationalization of Lenovo’s global marketing strategy, which sees agency partners and Lenovo’s Global Media Strategy Center of Excellence working together in an innovative hybrid model. “As the technology and marketing industries undergo a profound transformation in an increasingly fragmented digital ecosystem, marketing needs to adapt and modernize as we navigate this new environment,” said Gina Qiao, Senior Vice President and Chief Strategy and Marketing Officer at Lenovo. “We look forward to working with our new agency partners to continue innovating how and where we tell Lenovo’s vision of smarter technology for all, and to further advance the industry.” Lenovo represents one of the world’s widest portfolio of technology devices, solutions and services, with a bold vision to deliver Smarter Technology for All, from smarter supply chains to human-centered technology that improves the lives of communities everywhere. “It's such an exciting time to partner with Lenovo. With huge opportunities for transformation and growth, we look forward to bringing data, technology, and omnichannel media solutions to Lenovo’s global marketing strategy,” said James Townsend, Global CEO of Assembly and Global CEO of Stagwell Media Network. “This is a partnership aligned in the ambition to continue transforming marketing and we’re grateful for the opportunity to work alongside the whole Lenovo team.” Assembly is part of Stagwell, the challenger network built to transform marketing. “Lenovo is a world-class, globally-recognized brand, and we look forward to growing their business and transforming their marketing capabilities for the future,” said Mark Penn, Stagwell CEO and Chairman. Assembly’s appointment is effective April 2022. The terms of the deal were not disclosed. ABOUT ASSEMBLY: Assembly is made of the ingredients of the modern agency, bringing together data, talent, and technology to deliver a connected set of solutions for media + more to the best brands on the planet. We're home to more than 1,500 of the industry's top talent, who bring unmatched global omnichannel media expertise + data, technology, and business consulting capabilities that help brands find the change that fuels growth. Assembly is a proud member of Stagwell, the challenger network built to transform marketing. Visit www.assemblyglobal.com for more information. ABOUT LENOVO: Lenovo (HKSE: 992) (ADR: LNVGY) is a US$60 billion revenue Fortune Global 500 company serving customers in 180 markets around the world. Focused on a bold vision to deliver smarter technology for all, we are developing world-changing technologies that power (through devices and infrastructure) and empower (through solutions, services and software) millions of customers every day and together create a more inclusive, trustworthy and sustainable digital society for everyone, everywhere. To find out more visit https://www.lenovo.com and read about the latest news via our StoryHub. ABOUT STAGWELL: Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world's most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 10,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com. ABOUT STAGWELL MEDIA NETWORK: Stagwell’s Media Network is a group of leading multichannel agencies home to more than 3,000 experts with an expansive global footprint across 40+ offices in 20 countries, managing close to $5 billion in media. Agencies include Assembly, MMI Agency, Goodstuff and Grason, creative consultancy GALE, B2B specialist Multiview, multi-lingual content agency Locaria, and travel and media experts Ink. The network offers marketers a more dynamic partner for global B2B and B2C solutions spanning data, technology, media, and creativity aimed at accelerating business growth for brands worldwide. Contact Details Assembly Sara Pollack, VP of Marketing +1 917-438-4922 sara.pollack@assemblyglobal.com Company Website https://www.assemblyglobal.com/

April 04, 2022 09:00 AM Eastern Daylight Time

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SIGMA America Announces Fundraising Campaign to Benefit Humanitarian Efforts in Ukraine

SIGMA CORPORATION OF AMERICA

SIGMA Corporation of America, a leading camera and lens manufacturer for both photography and cinema applications, is pleased to announce the 3rd Annual Focused on the Fight Charitable Giving campaign. As in the two years prior, SIGMA, whose focus for the fundraiser is a humanitarian one, is partnering with their dealers to help people suffering hardships of any kind. From April 1 through June 30, 2022, 5% of all sales at participating retail partners will be donated to three charitable organizations, including Save the Children - Ukraine, and World Central Kitchen, each of which is providing immediate humanitarian relief to Ukraine. The first two Focused on the Fight campaigns have raised over $193,000 for charitable organizations across the United States in partnership with twenty-four participating retail partners, and this year, the campaign continues its mission to help provide aid to the communities that need it most right now. Mark Amir-Hamzeh, president of SIGMA America states, "Photography, by its creative nature, promotes awareness, compassion, and empathy; it is at the heart of all we do. And I strongly believe that SIGMA America's picture must match our words. As the US subsidiary of a global company, and as fellow human beings, supporting these humanitarian charities that are providing relief to the Ukrainian people at this time of extreme suffering is a concrete way for us to demonstrate that our community's commitment to compassion knows no boundaries." Participating dealers include: B&C Camera B&H Photo Video Bedford Camera & Video Camera Concepts & Telescope Solutions Camera Mall Glazer's Camera Houston Camera Exchange Hunt's Photo & Video Kenmore Camera Murphy's Camera National Camera Exchange OC Camera Pictureline Phototec Pro Photo Supply Roberts Camera Samy's Camera Service Photo The Camera Company Woodward Camera Individual dealer contributions are capped at $20,000 and total donation amount is capped at $150,000. All funds will be split equally between the three charity organizations. For the most up to date information on participating dealers and benefiting charities, please visit: https://www.sigmaphoto.com/focused-on-the-fight #FocusedOnTheFight For more information, please contact: Jack Howard / SIGMA Corporation of America / sigma.pr@sigmaphoto.com About SIGMA Corporation Craftsmanship. Precision. Dedication. Since 1961, SIGMA has been devoted to the pursuit of advancing photographic technology. Unique to the industry, the family-owned business produces its high-quality, award-winning still photo and cinema camera lenses, DSLR and mirrorless cameras, flashes, filters and accessories from its state-of-the-art manufacturing facility located in Aizu, Japan. In 2012, the company introduced SIGMA Global Vision with three distinct lens lines: Art, Contemporary and Sports. Designed for industry camera mount systems including Canon, Leica, Nikon, Olympus, Panasonic, Sony and SIGMA, each lens is handcrafted and tested in Japan to ensure a high-performance, premium product that is purpose-built to last. In 2016, the SIGMA Cine lens lineup was launched, further cementing SIGMA as an innovator in imaging engineering. Embodying the core optical DNA that has defined the SIGMA benchmark of excellence, SIGMA Cine lenses meet the needs of advanced 6k and 8k cinema production. Forming the landmark L-Mount alliance alongside Leica and Panasonic in 2018, SIGMA continues its storied tradition of imaging excellence through groundbreaking innovations such as the native L-mount SIGMA fp and fp L full-frame mirrorless digital cameras, announced in July 2019 and March 2021 respectively. These products, along with 30 award-winning SIGMA Global Vision lenses available in native L-Mount format, demonstrate SIGMA's continued commitment to the creative community through expanded product offerings. With the fp, fp L and these lenses, even more users can now leverage SIGMA's renowned optical formula to achieve their creative vision with ease. ### For information about SIGMA America, please visit sigmaphoto.com and SIGMA Blog for helpful information about our products. Follow SIGMA America on social media! SIGMA Photo: Facebook, Twitter and Instagram SIGMA Cine: Facebook, Twitter and Instagram Contact Details SIGMA Corporation 631.585.1144 X1015 SIGMA.PR@sigmaphoto.com Company Website https://www.sigmaphoto.com/

April 04, 2022 09:00 AM Eastern Daylight Time

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DealMaker Named “Best Crowdfunding Company” By FinTech BreakThrough Awards & Nominated as a Finalist for The Fintech Power 50

DealMaker

DealMaker, the leading capital raising technology platform, is proud to be awarded as the winner for “Best Crowdfunding Company” for the 6th annual FinTech BreakThrough Awards. DealMaker was recognized as a top performer among thousands of leading fintech organizations, and emerged victorious as determined by an independent panel of high-level FinTech professionals. The FinTech BreakThrough Awards is an international competition created to recognize the breakthrough companies and products that are revolutionizing the rapidly evolving world of technology and financial services. Entrants are judged based on innovation, performance, ease of use, functionality, value, and impact. The awards aim to reward companies and products for creativity, hard work, and innovation within the industry. “I’m proud of the work our team has done to be recognized as a leader in this field,” said Rebecca Kacaba, CEO and Co-Founder of DealMaker, “Our technology and our team has transformed the process of raising capital for so many issuers - it’s wonderful to be setting the pace of change in a category that is growing so quickly.” Leading organizations and thought leaders in fintech have continued to recognize DealMaker’s growth and impact in modernizing capital markets transactions. Earlier this month, DealMaker was also recognized as a finalist for The Fintech Power 50, a media platform and networking hub for the most influential, innovative and powerful figures in financial technology. Issuers and organizations in the capital markets can learn more about DealMaker at https://www.dealmaker.tech/. DealMaker is on a mission to create the most sophisticated capital markets tools on the planet, empowering capital to flow faster. It offers a suite of primary issuance, shareholder management, and capital raising solutions including investor ranking algorithms and data analytics tools to support all global private placements exemptions. Its innovative technology was designed to enable organizations to own and control exempt market raises to get the money they need, faster. DealMaker puts forward-thinking organizations in control to run streamlined, successful capital raises in one centralized platform. The company’s offices are located in Toronto, Canada, Austin, Texas and Tampa, Florida. Visit DealMaker.tech for more information. Contact Details Natasha Jose +1 408-233-5499 natasha.jose@dealmaker.tech Company Website https://www.dealmaker.tech/

April 04, 2022 09:00 AM Eastern Daylight Time

Elastos Incorporates Cyber Republic DAO as Legal Entity to Spearhead Growth through Democratic Decision Making

Elastos

Elastos, the world’s leading provider of open-source solutions and developer of the first decentralized infrastructure for the Modern Internet (Web3), is pleased to announce that its longstanding ecosystem DAO, Cyber Republic (CR), has been officially incorporated into a legal entity in the state of Delaware. The innovative filing was completed by AmLaw 100 law firm K&L Gates. As a fully established LLC, Cyber Republic Operations recognizes the Elastos’ Cyber Republic Consensus (CRC) as a legal entity, enabling the DAO to perform business operations critical to Elastos’ grassroots growth through the power of democratic decision making. Cyber Republic’s conception was announced by Elastos Foundation (EF) co-founder Rong Chen on August 27, 2018. The EF subsequently transferred 50% of the total supply of ELA—16,500,000 tokens—that had been previously reserved for ecosystem development to the DAO, substantially decentralizing Elastos and empowering the DAO to lead its growth and evolution. The legal incorporation of the CR expands its ability to realize this power by conducting business operations such as opening fiat bank accounts and entering legally binding contracts with partners and service providers. “Elastos’ ecosystem DAO is one of the most sophisticated, nuanced active, and well-funded community organizations operating on truly decentralized system architecture, and it is a shining example of a successful experiment in community-building, governance, and venture capital all at once,” said Fakhul Miah Co-founder Elation Studios, the Cyber Republic Council Member organization that leads marketing and communications for Elastos. “The incorporation of Cyber Republic Operations LLC enhances the capabilities of our DAO, giving it the latitude and legal standing to meet the diverse needs of Elastos as it matures and pursues goals, like the listing of ELA on a Tier 1 exchange.” Following Elastos’ hybrid-consensus of Auxiliary Proof-of-Work (AuxPoW) and Delegated Proof-of-Stake (DPoS), Cyber Republic was designed to serve as a third-tier consensus mechanism. CRC is composed of individuals and organizations in the Elastos community. CRC involves a series of on-chain voting procedures by which ELA holders in the Elastos community elect 12 representatives to serve on the Cyber Republic Council, and the ensuing processes in which council members nominate various ecosystem proposals and vote on whether to officially put them into action. The DAO is built directly into the Elastos ecosystem, allowing all ELA token owners input on the strategic direction and operations of the project. The CR Council has operated as the Elastos ecosystem DAO since June 2019 and has been responsible for constructing and directing growth and adoption strategies, community expansion initiatives, and the broader development direction of the Elastos ecosystem. Recently, the council approved Elastos’ Partnership with Omnicom Agency TLGG to develop, launch, and manage marketing campaigns to increase awareness and adoption of the Elastos Ecosystem’s palette of Web3 Solutions. With the establishment of Cyber Republic Operations LLC, the DAO is expected to take on a greater role in pursuing Tier-1 exchange listings, hiring additional marketing partners, making staffing decisions, and engaging accountancy, insurance, and legal services. About Elastos Founded in 2017, Elastos is a decentralized community building the blockchain industry's most comprehensive and interoperable open source Web3 platform. Using a hybrid consensus that combines the secure hashpower of Bitcoin and the democratic ideals of Delegated-Proof-of-Stake, the SmartWeb ecosystem of Elastos comprises a suite of software for an entirely decentralized internet. Elastos employs not only blockchain technology, but a peer-to-peer network for communication, decentralized data storage services, a decentralized ID (DID) system for all digital assets, the Elastos Smart Chain (ESC)—an EVM-compatible layer 2 chain, and the ability to create smart contracts and unlimited sidechains. Elastos is not only the foundation for securing truly decentralized applications that can scale; it is the foundation for true data ownership.Elastos Essentials, the flagship product of the Elastos SmartWeb, brings the entire decentralized ecosystem into a single App, currently available for Android and iOS.To learn more, visit the Elastos Info Website, Twitter, or Discord. If you are a developer, visit Elastos Developer or Github. About Cyber Republic The Cyber Republic Consensus is the third Elastos consensus mechanism after PoW and DPoS. The purpose of CRC is to provide a consensus-based community governance mechanism that will drive Elastos’ technological and ecosystem development, dispute resolution, and management of community assets, and establish incentives to foster community participation in the governance of and contribution to the Elastos community.The CR Council can be viewed as the CR community's top-level governance model, but it is not intended to become a closed off, tightly knit, or compulsory organizational structure for the community; openness, dispersion, and spontaneity are essential characteristics of the community. Rather, its purpose is to guide the process of grassroots growth through the power of democratic decision making, and to provide assistance when necessary. Contact Details Elastos Zach Warsavage zachw@elastos.info Company Website https://elastos.info/

April 01, 2022 08:32 AM Eastern Daylight Time

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