The EOS Foundation announces the organizational structure: 6 members of the advisory board announced their joining

Recently, Yves La Rose, the executive director of the EOS Foundation, disclosed many details about the foundation’s organizational structure and operation plan.

He said:

All fund activities will be carried out on the chain through eosio.grants, and are supervised by the multi-signature keys of nodes and core members, and financial expenditure reports will be published regularly.

In addition, the foundation has also established an advisory committee composed of well-known experts from mainstream wallets, exchanges and blockchain companies to gather their professional capabilities to create a better future for EOS.

The key areas funded by the foundation include core infrastructure, developer tools and user experience, security, and technical education. Media promotion also received attention at the beginning of the foundation. The foundation will first provide funding to developers, companies and individuals still operating in EOS.

EOS Go has compiled the detailed content about the EOS Foundation, let’s take a look.

EOS Foundation Organizational Structure

The operation of the foundation will be mainly responsible for two teams:

  • Core team: responsible for the daily management and administrative operations of the foundation;
  • Advisory Committee: It is composed of project experts and is responsible for providing professional advice and guidance to the core team, but is not responsible for the governance of the foundation.

EOS Foundation core team

The members of the core team of the foundation are personally selected and appointed by Yves La Rose. The selected candidates are all leaders in their respective fields, who are well versed in operations and have the ability to participate in the operations of physical companies.

The streamlined and efficient core team is responsible for the important mission of helping developers, companies and individuals in need to successfully implement their ideas on EOS.

However, the core team must use the funds wisely under the guidance and support of the advisory board. After new core members join, eosio.grants @active permissions will be updated accordingly.

The EOS Foundation will be registered in Canada, and the main body is a non-profit organization that will comply with relevant requirements and reporting practices. All funding activities will occur on the chain and originate from the eosio.grants account. To increase transparency, the EOS Foundation will provide financial expenditure reports publicly on a regular basis.

EOS Foundation initial start-up capital

In the initial stage, the EOS Foundation plans to establish a foundation through activities such as investment, marketing, and expansion sponsorship. At present, the foundation has applied for the transfer of approximately 3.5 million EOS to eosio.grants. This level of financing is comparable to the average level of Series A financing.

In addition, the foundation also applied to EOS nodes to vote for the proposal to reactivate eosio.saving mentioned in the original EOS white paper. The original intention of the funds in eosio.saving was to allocate to the community to provide financial support for applications that are beneficial to the community, but the community could not reach a consensus on how to use the funds, so the funds will be destroyed in 2020.

After the EOS Foundation is established, the activated funds will be used as the foundation’s initial start-up funds for the EOS ecological development and construction.

EOS Foundation Advisory Board

In order to maximize operational efficiency, the advisory committee will have up to 7 members. After extensive discussions, six leaders have confirmed to join the committee. These elites have exceptionally strong business acumen, unparalleled data analysis capabilities and a comprehensive understanding of EOS. They are:

  • Aaron Cox: Founder of Greymas 
  • Dafeng Guo: Founder of EOS Asia and Strikingly 
  • Fu Pan: Founder and CEO of TockenPocket 
  • Peter Watt: Co-founder and CEO of Newdex 
  • Van Kai: Co-founder and leader of EOS Cannon 
  • Wen Huaqiang: Co-founder and senior developer of CryptoKylin

At present, the committee will continue to work hard to recruit outstanding talents to become the last member of the committee. The committee will be responsible for reviewing the core grants and sponsorship proposals, providing guidance and direction guidance. Although the final decision and power on the chain still belong to the core team, the committee will perform the overall oversight function to ensure the existence of an accountability system for external stakeholders.

The supervision function has also passed the on-chain permissions set on the eosio.grants account, and the advisory committee can work with EOS nodes to prevent unreasonable/risky transactions performed by the EOS Foundation core team. From the perspective of authority, if the advisory committee believes that a transaction is in the best interests of EOS, the advisory committee will have the preemptive power; but if the foundation core team has repeatedly disrespected the advisory committee’s opinions, the EOS node also has the preemptive power. To change the key set of eosio.grants@active, restrict the core team’s decision-making.

EOS ecosystem growth

The EOS Foundation will learn from the practices of other mature blockchain foundations and become a gateway to fund blockchain technology projects that meet the needs of the EOS ecosystem. Include some key areas: core infrastructure, improved developer tools and user experience, security, education and technical knowledge, and ecosystem growth. The foundation is also committed to funding core architectures and technologies, helping these architectures and technologies to become long-term projects in the blockchain field through a series of products and solutions.

The foundation will first provide funding to developers, companies and individuals who are still running on EOS. Once the Pomelo platform is online, the foundation will use the platform to distribute donations and rewards. Pomelo is a community-driven open source crowdfunding platform that uses quadratic voting to make full use of funds.

The foundation will deeply understand the basic needs of the ecosystem and match outstanding projects and resources. The foundation supports the development of projects by connecting different projects, communities and committees. In addition, the foundation will also ensure that EOS projects and communities in both China and the West are covered.

To add, it is also a very critical point in the project. The foundation will focus on key projects through the media. Previously, the EOS ecosystem has always lacked knowledgeable, well-funded, and coordinated voices to boost morale, and the foundation will be committed to this.

Through the advancement of the EOS Foundation process, we have reason to believe that EOS will get better and better.

Frequently Asked Questions

What is the organizational structure of the EOS Foundation? 

  • Core team: responsible for the daily management and administrative operations of the foundation;
  • Advisory Committee: It is composed of project experts and is responsible for providing professional advice and guidance to the core team, but is not responsible for the governance of the foundation.

What are the members of the core team? 

Individuals who have demonstrated operational expertise in their respective fields and will fulfill the requirements of operating a physical company.

Who are the members of the advisory board? 

The current advisory committee members include:

  • Aaron Cox: Founder of Greymas 
  • Dafeng Guo: Founder of EOS Asia and Strikingly 
  • Fu Pan: Founder and CEO of TockenPocket 
  • Peter Watt: Co-founder and CEO of Newdex 
  • Van Kai: Co-founder and leader of EOS Cannon 
  • Wen Huaqiang: Co-founder and senior developer of CryptoKylin and BOSCore

There is currently a vacancy.

What is the role of the committee? 

Responsible for reviewing the funding and sponsorship proposals put forward by the core. The committee exists to provide advice and support to the core team.

How will the EOS Foundation guide its funding and sponsorship? 

Key funding areas:

  • Core infrastructure 
  • Improved developer tools and user experience 
  • Education and technical knowledge 
  • Security 
  • Ecosystem growth 

The foundation is also committed to funding core architectures and technologies, helping these architectures and technologies to become long-term projects in the blockchain field through a series of products and solutions.

How will the EOS Foundation support the growth of the ecosystem, not just provide funding? 

  • Support projects by connecting different projects, communities and committees;
  • Provide multilingual terminal access to foundation products and initiatives;
  • Link different projects, create a win-win environment for cooperation, and play a role in attracting new ideas;
  • Help excellent aided projects through internal and external marketing.

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/the-eos-foundation-announces-the-organizational-structure-6-members-of-the-advisory-board-announced-their-joining/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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