We've had two crazy weeks, with lots getting planned and accomplished. The capitalization of Darknote now stands at around $1.2 million, having more than doubled since we set off on our mission. With the XDN foundation website now launched (http://xdnfoundation.org/), three new team members brought on-board, and the XDN market study accomplished – we are moving on to the next important stage of our plan.

Today, I am happy to announce the start of the XDN crowdfunding campaign. More information about the campaign can be found by visiting the following link: http://xdnfoundation.org/fundraising.

To facilitate XDN Foundation’s crowdfunding round we carried out a study to learn more about the XDN market, and the stakeholders’ preferences. We did a survey of a sample of XDN holders and received an overwhelming response. The fact that most of the replies were very positive indicates that our mission is being received well by the XDN community, and we are very grateful for this.

The results of our research are quite conclusive, showing that the community of XDN holders is both large and active. However, we felt it was difficult, and somewhat inappropriate, to narrow down the numbers of  possible XDN holders too much, so we have decided to indicate only the estimated boundaries of the community size – from 10k to 100k.

We also concluded that the average stake of the XDN holders is around 1-2 million in Darknotes. The holders with above the average stakes are in possession of around 2-5 million of Darknotes. There are however also some holders, who are in possession of staggering 100 million or more of Darknotes.

This survey gave us some very positive feedback and strengthened our confidence about the success of our mission. It also helped us set our financial goals for the campaign – 50 million Darknotes. With such support from the community, I am confident that we will achieve this goal. The campaign will last until Thursday, the 9th of June 2015.

To uphold the credibility of our crowdfunding campaign we will post screenshots of all the donations dropping into the wallet. We will make sure that the community drives both this process, and the future development of the XDN Foundation.

Join us and let’s make history together!