Association responsibility
Today, the association participants have solved two important problems.
1) The decision-making mechanism has been approved:
- Each liquidity provider will be given 1 vote regardless of the number of project representatives that are members of the association;
- The decision is considered to be made if 2/3+ votes of the total number of participants with voting rights are given for it.
2) The list of responsibilities of the association has been approved:
- Admission and exclusion of association members;
- Appointment of guarantors;
- Creation of mechanisms to ensure liquidity;
- Development of measures to stabilize the BIP price;
- Formation of insurance fund;
- Detection and prevention of fraudulent operations;
- Approval of criteria by which a transaction will be recognized as fraudulent;
- Collection and publication of statistics on trading volumes;
- Distribution of grants without affecting the BIP price;
- Establishment of a developer support mechanism;
- Providing legal support to the association members;
- Advertising of projects.
And good news:
The market has already had a positive response to the news about the establishment of the association, as a result of which the volume of BIP purchases has increased significantly and the price has stabilized at a level even slightly above the minimum established values.
Three services joined the initial list:
- ex.minter.su
- @mproexbot
- @BipConverterBot
#Minter_IOMA
Forwarded fromIOMA
April 15, 2020 136
