diff --git a/README.md b/README.md
index 3e88b5468a..ea068c7504 100644
--- a/README.md
+++ b/README.md
@@ -10,25 +10,25 @@
 
 ## What is Haveno?
 
-Haveno (pronounced ha‧ve‧no) is a platform for people who want to exchange [Monero](https://getmonero.org) for fiat currencies like EUR, GBP, and USD or other cryptocurrencies like BTC, ETH, and BCH.
+Haveno (pronounced ha‧ve‧no) is an open source platform to exchange [Monero](https://getmonero.org) for fiat currencies like USD, EUR, and GBP or other cryptocurrencies like BTC, ETH, and BCH.
 
 Main features:
 
 - All communications are routed through **Tor**, to preserve your privacy
 
-- Trades are **peer-to-peer**: trades on Haveno will happen between people only, there is no central authority.
+- Trades are **peer-to-peer**: trades on Haveno happen between people only, there is no central authority.
 
-- Trades are **non-custodial**: Haveno provides arbitration in case something goes wrong during the trade, but we will never have access to your funds.
+- Trades are **non-custodial**: Haveno supports arbitration in case something goes wrong during the trade, but arbitrators never have access to your funds.
 
-- There is **No token**, because we don't need it. Transactions between traders are secured by non-custodial multisignature transactions on the Monero network.
-
-- The revenue generated by Haveno will be managed by an entity called Council (more info soon), composed by members of the Monero/Haveno community, not the Haveno Core Team and will be used to **fund Haveno and Monero** development.
+- There is **No token**, because it's not needed. Transactions between traders are secured by non-custodial multisignature transactions on the Monero network.
 
 See the [FAQ on our website](https://haveno.exchange/faq/) for more information.
 
 ## Status of the project
 
-A live test network is online and users can already run Haveno and make test trades between each others using Monero's stagenet. See the [instructions to build Haveno and connect to the network](https://github.com/haveno-dex/haveno/blob/master/docs/installing.md). Note that Haveno is still very much in development. If you find issues or bugs, please let us know.
+A live test network is online and users can run Haveno and make test trades between each other using Monero's stagenet. See the [instructions to build Haveno and connect to the network](https://github.com/haveno-dex/haveno/blob/master/docs/installing.md).
+
+Note that Haveno is being actively developed. If you find issues or bugs, please let us know.
 
 Main repositories:
 
@@ -51,10 +51,6 @@ Haveno is a community-driven project. For it to be successful it's fundamental t
 Email: contact@haveno.exchange
 Website: [haveno.exchange](https://haveno.exchange)
 
-## Running a local Haveno test network
-
-See [docs/installing.md](docs/installing.md)
-
 ## Contributing to Haveno
 
 See the [developer guide](docs/developer-guide.md) to get started developing for Haveno.