STORE Community Update - December 2024
STORE achieves key milestones in cloud computing, Swiss governance expansion, and automated systems as strategic partnerships drive growth.
Greetings, STORE community! December has marked an extraordinary culmination to a transformative year for our project. As we prepare to welcome 2025, we're excited to share the substantial progress we've made across all facets of STORE, demonstrating our commitment to building a robust, democratic future for cloud computing.
In keeping with our dedication to transparency, we're implementing new features that will showcase STORE Economy activity through our protocol. This advancement will provide unprecedented visibility into our token purchase processes, reinforcing our commitment to operating with complete openness and accountability.
Engineering
December has been a period of technical achievement across our infrastructure. We've successfully deployed our core STORE Economy off-chain financial infrastructure, marking a crucial milestone in our development timeline. The integration of these systems with our live protocol and Cloud IDs is advancing rapidly, paving the way for public transaction pages that will demonstrate our commitment to operational transparency.
Our innovation pipeline continues to expand, with several groundbreaking papers on cloud computing and crypto research in development for 2025. We're also pleased to announce the receipt of our second patent notification, complementing our existing patent portfolio and reinforcing our position as pioneers in decentralized technology. Our first patent can be found here.
The CLEAR protocol (Compliance and Legal Economy Architecture Rails), our innovative system for automating the STORE Economy's on-chain and off-chain operations, has successfully processed its inaugural set of transactions. Additionally, our research team has made significant strides with both the CLEAR protocol documentation and our proprietary Hamilton's Ratio research – a STORE discovery that demonstrates how distributed systems can maintain integrity at scale.
We've initiated comprehensive testing of critical infrastructure components, including our token release software partnership and STORE Economy wallet infrastructure. The Cloud ID system implementation is approaching completion, which will enable permanent linking and tracking of token sales activity, furthering our commitment to operational transparency.
Operations
Our operational momentum has accelerated significantly this month, marked by strategic advances across multiple fronts. We've established partnerships with premier service providers across technology, legal, and accounting sectors in both the US and Switzerland. The off-chain financial economy, powered by the CLEAR protocol, is now virtually complete, representing a major milestone in our development roadmap.
We've streamlined our token purchase process through sophisticated automation, creating an efficient pathway for investor onboarding. This enhanced system significantly reduces processing time while maintaining rigorous compliance standards, allowing us to accommodate increasing investment interest with greater efficiency. The automation extends across our entire operational infrastructure, from initial investor contact through final transaction execution, creating a seamless experience for participants while ensuring comprehensive documentation and compliance.
The launch of our Series Seed round has generated substantial interest, with encouraging developments from potential lead investors. We're seeing particularly strong engagement from sophisticated investors who recognize the value of our technological innovations and philosophical approach. This alignment with market sentiment, which increasingly favors substantive technology and meaningful economic experiments, validates our strategic timing and mission.
Our adaptable regulatory approach continues to evolve with the changing political landscape, particularly in the US market. While maintaining our current strategic focus, we're positioned to expand participation when conditions become favorable, reflecting our commitment to maximizing legitimate opportunities while maintaining strict compliance standards.
Governance
December has brought pivotal developments in our Swiss expansion, highlighted by our new strategic partnership with Detof, who will be our Swiss operational partner. Their expertise will be instrumental in managing crucial aspects of our Swiss operations, including shareholder coordination, banking relationships, and compliance oversight – fulfilling a key role we've been strategically developing the last couple of years.
Our inaugural regulatory session with Swiss legal counsel yielded exceptional results, providing crucial clarity for our governance framework. We're now implementing BFT Democracy within the Governor DAO structure, including comprehensive election procedures for board positions that will provide essential checks and balances. This innovative approach has received preliminary recognition from Swiss authorities, marking a significant milestone in our governance implementation.
Recent research has validated the STORE Hamilton's Ratio – our proprietary framework for measuring and ensuring distributed system scaling. The STORE Research team continues to refine our Constitution, establishing unprecedented supermajority checks and balances in the crypto space while laying groundwork for democratic computing and AI governance.
As we move into 2025, we're energized by our progress and focused on the opportunities ahead. Thank you for being part of this journey as we work to revolutionize democratic governance in the digital age.
Learn More About STORE
Explore STORE's innovative cloudspace architecture and vision for user-owned cloud computing:
Highlighted Materials
-STORE Cloud Series Seed Investment Memo: http://storecloud.org/seriesseedmemo
-STORE Cloud Super Summary: http://storecloud.org/summary
-STORE Technical Demo (video): https://youtu.be/IBB2O_ktMOQ
-STORE Quick Deck: http://storecloud.org/deck
-State of STORE Annual Report: http://storecloud.org/stateofstore2024
Other Materials
-STORE Long Deck: http://storecloud.org/longdeck
-STORE Comparison (L1, DePIN, and Public Clouds: http://storecloud.org/compare
-STORE Launch Plan and Roadmap: http://storecloud.org/launch
Latest Public Research
-Read our IEEE Paper "Enabling Autonomous Computing Through Decentralized Cloud ID Generation"
How To Help Us Grow
-Join as a long-term token partner (invite-only): http://storecloud.org/buyorder
-Join as a long-term equity + token warrant partner (invite-only): http://storecloud.org/equity
-Follow us on LinkedIn and Twitter/X
-Share STORE Cloud with your network
For questions, contact team@storecloud.org
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Telegram Weekly Updates
December 6th, 2024
Three key updates from this week.
Expansion to Switzerland
We are making steady progress on establishing STORE in Switzerland. We have a regulatory workshop scheduled for next week to better understand the Swiss rules and how they align with our plans. We are working closely with our Swiss legal, tax, finance, and security partners to ensure we are fully compliant as we expand into this new market.
Partner Integrations
We've onboarded several new partners to support our global growth plans. These partners are helping with legal, tax, finance, and security functions. We are also in discussions with potential marketing partners as we work to build STORE into a recognized brand worldwide. Our goal is to create a user-owned, blockchain-powered cloud computing protocol that is safe and supports innovation.
Technical Progress
The STORE team has been heads down on an ambitious technology roadmap in December and January before we turn our resources to building the technology and processes to launch the STORE economy in Switzerland. We are moving forward with our plans and have an ambitious roadmap for December. The team is working hard every day to build out the complex systems needed. We plan to roll out each phase sequentially, upgrading the protocol as we go.
Fundraising Update
We have quietly initiated our next capitalization phase - securing a lead participant for our Series Seed round who will establish round terms and pricing. This is my primary focus through December and into Q1 2025. The recent market uptick is encouraging, with weekend calls scheduled. Next week begins a broader outbound campaign to build Treasury for Swiss launch requirements.
December 13th, 2024
Here are the key updates from this week:
Swiss Expansion
- Held a successful 2.5-hour regulatory workshop with our Swiss legal team, yielding positive results for our path to launch
- No major regulatory hurdles identified in Switzerland, but our legal experts are checking on several items
- Lawyers believe we are possibly changing the world via BFT Democracy, drawing from their expertise in establishing the Ethereum Foundation and the digital asset space
🤝 Launch Team & Partnerships
- Continued building our Launch Team in Switzerland
- Onboarded Detof, an accounting and finance firm in Switzerland, to join the STORE Association
- Detof will coordinate shareholder/board meetings, secure Swiss bank accounts, ensure compliance, provide local signatures, advise foreign-elected directors (Stewards), and handle Swiss admin
⚡️ Technical Progress
- Off-chain financial economy, powered by the CLEAR protocol(a sub-protocol within STORE), is 98% complete
- Final build targets 95% automation, followed by the creation of Cloud IDs for each economic activity subscription, starting with token sales
- CLEAR technical paper to be released upon completion
- Sprinting to complete the first draft of the STORE Constitution and an op-ed editorial unveiling a foundational discovery about American democracy as one of the first distributed systems worldwide
💰 Fundraising Update
- Initiating outbound work on our Series Seed next week,including the recruitment of a lead investor
- Aiming for the lead to re-price STORE higher than the current price of $0.039, which will be negotiated
- Continuing work behind the scenes to prepare for protocol launch, including IP valuation, token distribution technology and accounting,drafting of the STORE Constitution and Articles in Switzerland, and preparing for elections
We're making significant strides in our Swiss expansion,technical development, and fundraising efforts. The positive outcome of our regulatory workshop and the onboarding of Detof as a key partner in Switzerland bring us closer to our launch goals. Stay tuned for more updates on our progress. See you Monday.
December 20th, 2024
Here are the key updates from this week:
Swiss Expansion
- Working on architecture of BFT Democracy for the Governor DAO, including elections for its board to check and balance STORE
- This breakthrough allows BFT Democracy to emerge from Switzerland in a way the Swiss government will recognize
- Latest research proves Hamilton's Ratio works inside STORE, ensuring systems become more distributed with scale
⚡️ Technical Progress
- Testing of token release software partner begins phase one
- STORE Economy wallet infrastructure testing begins phase one
- Cloud IDs for STORE Economy nearly shipped, enabling publication of permanent links to real-time token sales activity
- CLEAR protocol for automating the STORE Economy (on-chain and off) sees first set of buyers
- CLEAR paper and Hamilton's Ratio R&D shipped internally, now in further research and development
💰 Fundraising &Partnerships
- Continued progress on Series Seed round, engaging with potential lead investors next week
- Strong inbound interest this week, with most inquiries approved, while some didn't qualify or weren't a good fit
- Important to note that a buy order doesn't always equate to funding; more details will be shared when Cloud IDs go online, enabling the community to perform real-time tracking
- Preparing for the public emergence of the STORE Economy with the upcoming launch of Cloud IDs
Hamilton's Ratio research has led to a profound discovery in democratic scaling. The key insight, Multi-Level Power Distribution, ensures that distributed democratic systems grow stronger without centralization. This mathematical framework solves the challenge of AI governance, enabling the scaling of AI systems while ensuring alignment with human prosperity and super-majority control. STORE Democracy's early implementation of these principles puts us years ahead in governance research, providing a verifiable framework for governing AI.
The implications of this breakthrough extend beyond STORE,offering a blueprint for ensuring human prosperity in the age of advanced AI.We'll be incorporating these specifications into the STORE Constitution's founding draft.
It's been a week of significant progress across the STORE Economy, STORE Democracy, and our launch roadmap. Stay tuned for more updates as we continue to push forward. See you Monday.
December 27th, 2024
Historic community, Merry Christmas, Happy New Year, and happy holidays to everyone in our global community!
As we reflect on 2024, it has been a year of renewal,survival, and rebirth for STORE. With your support, we have been able to push forward and gain momentum heading into 2025. However, we still have much work ahead of us.
It's crucial to understand that interest in purchasing STORE tokens does not necessarily equate to actual purchases. We are working diligently to expose STORE Economy activity through the protocol as early as next week, pending a successful build. This will enable our community to audit our real-time purchase activity.
🏗️ Technical Progress& Roadmap
- Targeting exposure of STORE Economy activity through the protocol next week
- Cloud ID integration to enable real-time auditing of token purchase activity
- Relentless focus on executing across all fronts to drive the project forward
💰 Fundraising &Market Outlook
- Continued support from prominent angel investors has been critical to our survival and progress
- Shifting market sentiment towards real technology,philosophy, and economic experiments aligns with STORE's mission and timing
- Ongoing efforts to capitalize STORE Democracy in Switzerland for a two-year runway
🌐 Vision & Experiment
- STORE aims to bring democracy into the age of AI and computation through a math-based and rules-based framework
- Developing a scalable model for democracy and governance that extends beyond STORE itself
- The world needs this experiment to play out as we navigate the future of AI and society
2024 has tested our resolve, but with the support of our team, investors, and community, we have survived and are now poised to thrive.As we enter the new year, we are filled with determination to push past this next phase and achieve a successful raise.
Thank you for your patience, support, and belief in our mission. Together, we will continue to grow, innovate, and make a lasting impact.
Wishing you all a Happy New Year! See you next week.