The xx Foundation was provided an initial budget when it was founded, but that ran out in the first year. The xx Foundation will periodically sell coins to fund operations. This is done via sales on exchanges and via OTC deals.
Note that OTC deals typically include a lockup. If you are an individual interested in such an arrangement please reach out to contact at xxfoundation dot org.
The foundation has a very limited purpose. More information is below:
Board
The xx Foundation board is currently made up of 4 directors. One is an original node runner and community leader who joined the Foundation. One is an expert in DAO and crypto legal compliance. One is a core software developer for the xx network and one is an expert in corporate structuring and management.
Charter
The xx Foundation is a Cayman foundation company legally chartered to focus on supporting and marketing the xx network through backing community efforts in holding physical and virtual events, dApp development, competitions, research, hackathons and partnerships.
xx Governance
Control of the core software that is run by xx nodes and that underpins the xx network is vested in xx onchain governance that is ultimately controlled by and voted on by xx coinholders. The xx Foundation is a support organization as laid out in its charter.