Stellar is a common financial platform, designed to be open and accessible to everyone.
This document outlines the long-term plan of both the Foundation and the Stellar protocol.
Our mission
Our mission is to expand financial access and literacy worldwide.
When individuals have access to financial services and the confidence that those services are working in their best interest, those individuals can independently improve their lives. Yet the current financial system is too costly and complicated, leaving millions of people on the sidelines.
Just as the internet allowed anyone to send an email or create a blog, Stellar’s common financial platform now allows you to easily send, save, and receive money, without large fees or hassle.
Responsiblities
The Foundation is responsible for:
Programs promoting digital financial literacy funded by grants of digital currency and distribution of stellars.
Developing free tools and services that support the users of the network and the network itself, particularly the functions that are seen as beneficial for the world that are not being addressed by for-profit entities.
Ensuring that the Stellar protocol remains freely accessible to anyone who wishes to use it.
Transparency
The last few years have shown that a worldwide transition to digital money is starting, and large amounts of capital are currently entering the space. Our not-for-profit structure is designed to ensure that we remain focused on the goal of educating and giving access to as many people as possible. When designing and implementing any programs, the non-profit will take care to make sure it is not a privileged player in the network or the protocol.
To build trust — within the community and within our team — we are committed to transparency and other safeguards. Therefore, as part of our governance practices, the following will be made permanently and publicly available:
Sum of salaries + stellar grants of all employees
Quarterly budget
Details/mechanism of the various stellar distribution programs
Aggregate number of individuals who have participated in the direct signup program and number of stellars distributed
Details and progress of the increased access program, including number of applications received, grants granted, and distribution schedule
Details and progress of the bitcoin program
Total stellars held by the Foundation
