Mina Coin, a cryptocurrency that has seen impressive growth in the last quarter, continues to attract investor attention with its current price around $0.75 and an approximate 8% daily gain. The protocol recently made significant announcements, including the appointment of a new CEO, Kurt Hemecker, who is taking over from founder Evan Shapiro. Shapiro will continue to serve as the chairman of the board and advisor to the Mina Foundation.
Kurt Hemecker, the new CEO of the Mina Foundation, brings with him 20 years of experience in both Web2 and Web3 sectors. He has held senior positions at Diem Association (formerly Libra) and PayPal before becoming the COO of the Mina Foundation. Hemecker expressed his excitement about advancing the foundation’s mission to empower users with more autonomy over their personal data and privacy through a universal zero-knowledge layer.
With the new CEO’s appointment, the Mina Foundation is also relocating to Geneva, Switzerland. Hemecker highlights Switzerland’s proactive approach to legislation for blockchain-based projects, making it an ideal location for the foundation. Geneva’s status as an international hub for innovation in finance, blockchain, and technology, coupled with regulatory clarity, provides a perfect base for supporting the growth of the broader Mina ecosystem.
The former CEO, Evan Shapiro, commented on the transition, expressing his enthusiasm for Hemecker’s operational expertise and leadership in the CEO role. Shapiro is confident in leaving the CEO position in capable hands and is excited about the Mina Foundation benefiting from Switzerland’s vibrant crypto ecosystem and regulatory clarity.
Shapiro will transition from CEO to chairman of the board and advisor, continuing to support the foundation and focusing on two key areas: advising on the continuous development of Mina technology and governance for the Mina Foundation and its community. The foundation recently established a governance team to support decentralized decision-making processes, aiming to develop processes that are both unique to Mina’s participatory approach and effective in delivering results.