SecretDAO votes to restructure foundation after public spat between organizations
The new foundation will be governed by a board of 3 or more members, and no organization will hold more than one seat. The DAO that governs privacy-focused Blockchain Secret Network (SCRT) has voted to restructure its Secret Foundation as a non-profit with a “transparent operation,” according to the proposal’s official page. Congrats to the #SecretNetwork community! The Secret Foundation has been restructure d as an NPO, with a community-elected board & amendments requested by the founder. # Blockchain #cryptocurrency — Krypton AI (@KryptonAi) February 10, 2023 The proposal stated that the new foundation “will be registered as an NPO [non-profit organization] and provide an annual account of its activities, including key performance indicators (KPIs), budgets, and goals.” The foundation will be run by a board made up of three or more community members. No single organization will be allowed to hold more than two seats on the board, according to the proposal. It passed wit...