The Commons Foundation and the Bitfury Group sign MOU for comprehensive cooperation regarding the establishment of a cryptocurrency mining center in Paraguay. The Commons Foundation and the Bitfury Group on January 30 announced a partnership for the establishment of a cryptocurrency mining center and a global exchange in Paraguay. The Commons Foundation and Bitfury has built trust through mutual visits, and this contract included the orders of Bitfury's cryptocurrency mining equipment BlockBox AC (BBAC) for operating the Commons Foundation's temporary mining center. Earlier, the Commons Foundation, in cooperation with the Paraguayan joint venture, is executing the Golden Goose Project to establish a 200,000 m² cryptocurrency mining center near the Itaipu Hydro Power Plant, which produces the world's largest clean energy. This contract with Bitfury was evaluated to lie a cornerstone for the Golden Goose Project. The Commons Foundation also announced a plan to operate a temporary mining center with the establishment of a 500 MW substation and a temporary cryptocurrency mining center for the Golden Goose Project. The Foundation also said that when Bitfury's mining equipment is introduced in the temporary mining center according to the contract, the contribution reward would be able to be paid to the owner of the Golden Goose Token every day from as early as the first half of the year. "We chose Bitfury as our partner, because it is the world 's best blockchain technology leader that provides security and software as well as mining equipment," said Yongkwan Choi, Chairman of the Commons Foundation. "We expect both companies to achieve the best synergy by signing the MOU," he added. George Kikvadze, Vice President of Bitfury Group, said, "I am confident that this partnership is not an ordinary contract, but an important selection consistent with Bitfury's long-term vision and this contract will ultimately lead to the success and growth of Bitfury, the Commons Foundation, the Golden Goose Project, and Paraguay." Eun-Cheol Lee, Country Manager of Bitfury, expressed a high expectation of the contract with the Commons Foundation and showed confidence that "Bitfury's expertise with industry-leading hardware and total solutions will lead to the success of the Commons Foundation's Golden Goose Project." The Commons Foundation said that the official website of the Golden Goose Project will launch in February now in three languages: English, Korean and Spanish, while releasing the white paper. About the Bitfury Group The Bitfury Group is the world's leading full-service blockchain specialized company. Bitfury is building solutions for the future using the millennium's most important technology. Our mission is to make the world more transparent and reliable by innovating technologies like hardware, security and software to realize the identity of trust. Founded in 2011, BitFury is a leading provider of key security and infrastructure for the Bitcoin blockchain. In addition to securing the Bitcoin blockchain, BitFury also designs and manufactures innovative hardware that safeguards cryptocurrency and blockchains, including on-demand semiconductor chips and mobile data centers. BitFury is also a software provider that provides world-class hi-tech applications through an expert engineering team for Exonum that implements a private blockchain, Crystal Blockchain that is an advanced analytics platform, and Lightning Peach that is an open source lightning network. For more information, please visit www.bitfury.com. About Commons Foundation The Commons Foundation is a global community that creates Commons ecosystems through research, support and formation of social and conscious changes. Our goal is to implement a sustainable, fair and Commons-based peer-to-peer culture, economy, governance and social model. The Commons Foundation supports the resources that people can collect, participate in communities, and share with others. The Commons Foundation is engaged in three projects. 1. Golden Goose Project: The Commons Foundation plans to build a 200,000 m² cryptocurrency mining center with a 500 MW substation and operate a global exchange in Paraguay. 30#% of the revenue of the mining center and 70#% of the total commissions of the global exchange will be paid to token holders on a daily basis at the holding rate of the GOLD (Golden Goose Token). 2. MicroBitcoin Open Source Project: The Commons Foundation is the largest contributor to the Bitcoin hard-fork open-source project. 3. Knowledge Commons: The Commons Foundation intends to realize a comprehensive sharing of knowledge, information, education, researches and cultures through the promotion of an open approach to knowledge, public research and development and institutional reform. For more information, please visit https://commons.foundation.

Commons Foundation visits Bitfury data center in Georgia and signs term sheet contract for the Golden Goose Project The Commons Foundation visited the Georgia Data Center (DC) of the Bitfury Group in January 2019 and signed a term sheet contract for the Golden Goose Project operated by the Foundation. The contract includes an order for Bitfury's cryptocurrency mining equipment BlockBox AC (BBAC) to operate a temporary mining center in the world's largest cryptocurrency center site in Paraguay, which will be part of the Golden Goose Project. Prior to the contract, both shared the overall roadmap for the project with each other and discussed the entire business contract from the temporary mining center to the regular mining center for the project's success. The Golden Goose team toured the current Georgia data center and checked the overall operation and all related matters, thereby valuing it as an opportunity to raise confidence in the Bitfury structure. The Bitfury Group responded positively that the project is an important selection that goes together with the long-term vision of Bitfury. Starting to order 4 units of BlockBox AC (BBAC) until February 2019 for the site near the Paraguay Itaipu Hydro Power Plan, the Golden Goose team will order 30 more units by May to operate a temporary mining center and then order a total of 330 units of BlockBox AC (BBAC) stepwise by 2021 when the construction of the regular mining center is completed. It was said that the two companies will sign a formal MOU and a partnership contract for the project when George Kikvadze, Vice President of the Bitfury Group, visits Korea in late January.

Embassy of Paraguay expresses its will to support the Commons Foundation's project. The Commons Foundation announced that it has confirmed that the Embassy of Paraguay in Korea would make active support and cooperation regarding the local contract as of Nov. 6, under which the support and cooperation from Paraguay will be given. Raul Silvero Silvagni, Ambassador of Paraguay in Korea met with Yongkwan Choi, Chairman of Commons Foundation for the first time on Nov. 23 on the 4th floor of Hannam Tower Annex Building at 27-gil, Hannam Daero, Yongsan-gu, Seoul, Korea. Ambassador Raul Silvero Silvagni, who takes the same positions in Singapore, Mongolia, Cambodia, and the Philippines, showed the will to support issues arising in those countries regarding the Golden Goose Project being carried out in Paraguay. Paraguay will make efforts to actively cooperate to supply power and a high-speed internet access network for smooth operation of a 50,000㎡ cryptocurrency mining center in Ciudad del Este established by the Commons Foundation and the joint venture and provide legislation and tax support to ensure smooth coordination and support of all related businesses including the global exchange. "With the active cooperation and support of Paraguay, the Foundation has come to help Paraguay serve as the base for the fourth industrial revolution in South America, and will do its best to create lots of jobs and spread new technologies," said Chairman Yongkwan Choi. In response, Ambassador Raul Silvero Silvagni said, "We will closely support and cooperate with the Commons Foundation and the joint venture to make it a successful project."

Commons Foundation signs blockchain business contract under the support of Paraguay. The Commons Foundation announced that it had signed a contract for the establishment of the world's largest cryptocurrency mining center and global cryptocurrency exchange in Ciudad del Este under the support of Paraguay on November 6. According to the contract, Paraguay will provide a land and buildings at the area of 10,000 ㎡ for the establishment of five mining centers (at the area of about 5,000 ㎡) near the Itaipu hydro power plant as the world's largest clean energy producer, freeze the electricity charges, install an exclusive high-speed Internet network, and legislate laws for the related business. The Itaipu hydroelectric power plant in Paraguay boasts the world's largest annual energy generation with the production of 103.1 TW. “Paraguay uses only 10 to 20% of electricity generated by the Itaipu hydro power station and exports more than 80%," said Chairman Yongkwan Choi. "We will utilize the cheap and rich clean energy to build the world's largest mining center in Paraguay.” The Commons Foundation said it is now able to focus on the Golden Goose Project in Paraguay through this contract. The Foundation also announced a plan to utilize Micro Bitcoin (MBC), a Bitcoin hard-fork open-source project, which it has a partnership with. It will use Micro Bitcoin (MBC) as a means of paying project participants 30% of the revenue generated by the mining center and 70% of the revenue generated by the global cryptographic exchange. The Foundation plans to proceed with the Pre-Sale and IEO (Initial Exchange Offering), starting with "the investment and business contract for the establishment of the cryptocurrency mining center and the global cryptocurrency exchange in Paraguay" signed under the support of Paraguay. It will make arrangement so that the participation in the project, including pre-sale, can be made with Micro Bitcoin (MBC), Bitcoin (BTC), and Ethereum (ETH). Chairman Yongkwan Choi said, "The Golden Goose project, which is to build the world's largest cryptocurrency mining center and global cryptocurrency exchange in Paraguay, will change the global blockchain ecosystem. " In addition, Hugo Velázquez Moreno, Vice Present of Paraguay, promised that “Paraguay will actively support the Gold Goose Project of the Commons Foundation, including amendment of the relevant laws for tax support.” This has led the Commonwealth Foundation to set up its first bridgehead to create a blockchain ecosystem in South America.