1. Arrangements:
Time: April 2nd, 2020, 20:00 ~ 21:30 (UTC + 8 )
Place: https://zoom.com.cn/j/999549267 （ZOOM）
Host: Guo Ying — the Secretariat
Recorder: Jack— the Secretariat
Interpreter: Lily
2. Subject
Discussions on Proposal to Introduce An Entrusted Foundation to Participate in The Governance of Budget System
3. Agenda
3.1 The requirements for the Foundation (the 3rd part of the proposal)
Original Proposal: The Foundation shall lead and promote the development and construction of the mainnet and community, and complete the work of project planning, budget evaluation, development implementation, and continuous follow-up.
Discussion Results: The Budget Foundation should be committed to community development and construction. The direction of community development is still dominated by BPs, the development team, and community members.
3.2 The tenure of the Foundation (the 4th part of the proposal)
Original Proposal: After the 6-month tenure has run out, if BPs do not actively renew the contract on the chain, the foundation account will lose the control of the budget system and a new Foundation will elected.
Discussion Results: The term of the Budget Foundation expires by default on closing of the tenure. For the reappointment, BPs’ authorization is required.
3.3 The funds of the Foundation (the 6th part of the proposal).
Original Proposal: A budget shall be proposed for the expenditure of the Foundation and community proposals from the budget system. It will enter a 7-day publicity period after being approved by the Foundation. If there is no objection, EOSC will be automatically transferred to proposer’s account on closing of the publicity period.
Discussion Results: The work of the Budget fFoundation includes two aspects, one is similar to the administrative approval proposal, the other is to actively expand external resources, both of which require the Foundation to exercise the power of approval. And the 7-day publicity period is the time for community supervision. If the community disagrees with the budget proposal that more than two-thirds of the BPs vote against, the proposal will be rejected.
3.4 The incentives of the Foundation (the 7th part of the proposal).
Original Proposal: 30% of the Foundation’s expenditure budget is the incentive compensation, which shall be claimed by the Foundation from the account. (30% is the reference value).
Discussion Results: The proportion of budget foundation incentives shall be set according to the specific work content, and after the meeting, the proposer will re-enact this rule.
Attached:
Email for BP Proposal: BPproposal@eosforce.io
Meeting Recording: https://youtu.be/Cl0UKlwXJx4
Recorder：Jack
