EOSC
  • EOSC Mainnet Introduction
  • Tutorial
    • Updated Guide to Activate EOSForce on Math Wallet
    • Updated Guide to Activate EOSForce on Scatter
  • Proposal
    • EOSFORCE Mainnet Improvement Proposal
      • FIP #19 EOSC Mainnet Fee Adjustment Proposal
      • FIP #18 Proposal for Introducing An Entrusted Foundation to Participate in The Governance of Budget
      • FIP #17 A Proposal to Adjust The Publicity Period of Budget System
      • FIP #16 A Proposal for Adjustment of the Secretariat’s Salary
      • FIP #15 A Proposal to Adjust Block Missing Fault Tolerance Value
      • FIP #14 About the Modification to Adjust Node Block-Producing Stability Value
      • FIP #13 Improve node information and adjust node penalty rule
      • FIP#12 Proposal to Adjust RAM Rental Price
      • FIP#11 Amendment Proposal to the Destruction of Unactivated Genesis Accounts and Tokens
      • FIP#10 A Proposal to Adjust the Allocation Plan of B1 Account Tokens
      • FIP#9 A Proposal to Destroy The Unactivated Genesis Accounts And Tokens
      • FIP#8 A Proposal to Adjust The Upper Limit of EOSC Mainnet Contract Deployment
      • FIP#7 EOSFORCE Mainnet Improvement Proposal
      • FIP#6 Non-Delay Vote Token Redemption Proposal Voting
      • FIP#5 Community Secretary Compensation Proposal
      • FIP#4 EOSFORCE Mainnet Inflation Adjustment Proposal
      • FIP#3 EOSC Mainnet Unactivated Genesis Account Lockup Plan Proposal
      • FIP#2 EOSC Mainnet Voting Reward Proposal
      • FIP#1 Eosforce Mainnet BP Conference System
  • Latest News
  • Latest News on EOSC Mainnet
    • EOSC Community News #90
    • EOSC Community News #89
    • EOSC Community News #88
    • EOSC Community News #87
    • EOSC Community News #86
    • EOSC Community News #85
    • EOSC Community News #84
    • EOSC Community News #83
    • EOSC Community News #82
    • EOSC Community News #81
    • EOSC Community News #80
    • EOSC Community News #79
    • EOSC Community News #78
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    • EOSC Community News #76
    • EOSC Community News #75
    • EOSC Community News #74
    • EOSC Community News #73
    • EOSC Community News #72
    • EOSC Community News #71
    • EOSC Community News #70
    • EOSC Community News #69
    • EOSC Community News #68
    • EOSC Community News #67
    • EOSC Community News #66
    • EOSC Joins the Coinex Chain Pre-Election Node Process
    • EOSC Decentralized Budgeting System Launched, Two Proposals Approved in the First Week
    • The Election of The 1st EOSC Community Management Committee Ended
    • The Freezing Execution of Unactivated Account Balance Completed, FIP#11 Officially Takes Effect
    • Publicity of FIP#11 Freezing Account List Ended, Freezing Execution of Unactivated Account Starts
    • The Implementation of FIP#11 Freezing Proposal Tested, And The Frozen Account List Publicized
    • BPs Have Completed the Multi-Sig for FIP#12, RAM Rental Price Adjustment Proposal Takes Effect
    • EOSAwake And Sky.eosc Initiated A Proposal to Adjust RAM Rental Price
    • EOSC Will Be Listed on Hotbit
    • EOSC Will Be Listed on CoinEx
    • EOSC Community Will Test The Implementation of FIP#11 Freezing Proposal
    • EOSC Community Open Registration for Management Committee Election
    • EOSC Will Be Listed on Bibox
    • EOSC Community Reached A Fundraising Campaign
    • Announcement on Amendment Proposal to the Destruction of Unactivated Accounts and Tokens
    • Exchanges Have Successively Claimed EOSC Assets
    • BPs Voted to Pass A Proposal to Destroy the Unactivated Genesis Accounts and Tokens FIP#9
    • Awake Initiated A Proposal to Adjust the Allocation Plan of B1 Account Tokens
    • Sky.eosc and Awake initiated A Proposal to Destroy The Unactivated Genesis Accounts And Tokens
    • BPs Approved Multisig of EOSC Mainnet Contract Size Adjustment Proposal FIP#8
    • EOSC Will Be Listed on KuCoin And Make A Distribution to Qualified EOS Holders
    • EOSC Will Be Listed on KuCoin
    • JIQIX Initiated A Proposal to Adjust The Upper Limit of EOSC Mainnet Contract Deployment
  • ORGANIZATIONS
    • Introduction of EOSC Autonomous Organizations
      • EOSC Development Team
      • Statute of EOSC Decentralized Budgeting Committee
      • Statute of The Secretariat of EOSC Mainnet BP Meeting
  • NODES
    • Introductions of EOSC Mainnet Nodes
      • KOREOS
      • TokenView
      • sky.eosc
      • CCBC
      • 吉池
      • blockpro
      • JiqiX
      • Hexlant
      • EOSpeople
      • 挖链网
      • EOSeco
      • Cindydaily
      • 九州资本
      • Forcesphere
      • 原柚
      • EOSGOD
      • Titan
      • 水木
      • 一道资本
      • EOStrust
      • Everest
      • 链圈
      • Eosjedi
      • EOSmainBP
      • eosgov
  • WEELKY REPORT
    • EOSC Weekly Reports
      • EOSC Weekly Report #98
      • EOSC Weekly Report #97
      • EOSC Weekly Report #96
      • EOSC Weekly Report #95
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      • EOSC Weekly Report #73
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      • EOSC Weekly Report #69
      • EOSC Weekly Report #68
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      • EOSC Weekly Report #44
      • EOSC Weekly Report #43
      • EOSC Weekly Report #42
      • EOSC Weekly Report #40
      • EOSC Weekly Report #39
      • EOSC Weekly Report #38
      • EOSC Weekly Report #37
      • EOSC Weekly Report #36
      • EOSC Weekly Report #35
      • EOSC Weekly Report #34
      • EOSC Weekly Report #33
      • EOSC Weekly Report #32
      • EOSC Weekly Report #31
      • EOSC Weekly Report #30
      • EOSC Weekly Report #29
      • EOSC Weekly Report #28
      • EOSC Weekly Report #27
      • EOSC Weekly Report #26
      • EOSC Weekly Report #25
      • EOSC Weekly Report #24
      • EOSC Weekly Report #23
      • EOSC Weekly Report #22
      • EOSC Weekly Report #21
      • EOSC Weekly Report #20
      • EOSC Weekly Report #19
      • EOSC Weekly Report #18
      • EOSC Weekly Report #17
      • EOSC Weekly Report #16
      • EOSC Weekly Report #15
      • EOSC Weekly Report #14
      • EOSC Weekly Report #13
      • EOSC Weekly Report #12
      • EOSC Weekly Report #11
      • EOSC Weekly Report #10
      • EOSC Weekly Report #9
      • EOSC Weekly Report #8
      • EOSC Weekly Report #7
      • EOSC Weekly Report #6
      • EOSC Weekly Report #5
      • EOSC Weekly Report #4
      • EOSC Weekly Report #3
      • EOSC Weekly Report #2
      • EOSC Weekly Report #1
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  1. Proposal
  2. EOSFORCE Mainnet Improvement Proposal

FIP #18 Proposal for Introducing An Entrusted Foundation to Participate in The Governance of Budget

Proposers: The 1st Budgeting Committee, EOSC Development Team

Introduction

The Budget System of EOSC mainnet has been running for six months with the management of the Budgeting Committee elected by the community. Based on the exploration experience for half a year, we found that distributed and collaborative non-fund management professionals cannot fully utilize the vitality of the organization and promote the ecological development of the budget system. In order to better explore the governance model of the budget system on the blockchain, based on the EOSC mainnet consensus mechanism, it is proposed to introduce an entrusted foundation governance solution, hereinafter referred to as the Foundation.

1.Responsibility

According to the requirement for development of the community, effectively utilize the budget system to promote ecological sustainable development.

2.Election

Anyone of the community members and BPs can participate in the election of the foundation. Candidates shall clarify the responsibilities of the foundation and make plans for community development during the term of office. At the election, candidates shall present their plans in turn. BPs will vote and the person with the highest votes will serve for the Foundation.

3.Requirements

3.1 The Foundation shall lead and promote the development and construction of the community, and complete the work of project planning, budget evaluation, development implementation, and continuous follow-up. At the same time, the Foundation is required to make a timely publicity of the recent work plan, the latest progress, and the whereabouts of each budget expenditure to the community.

3.2 The Foundation shall approve and monitor the progress and implementation of community proposals and make them public in a timely manner.

4.Tenure

The tenure of the Foundation shall be 6 months. After it 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 the Foundation will also be re-elected.

5.Supervision

BPs are responsible for supervising the Foundation. If the Foundation does not operate properly and fails to achieve the expected goals, the account control of the budget system can be modified when more than 2/3 BPs approve.

6.Funds

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 during the publicity period, a withdrawal proposal can be proposed, and EOSC will be automatically transferred to proposer’s account when the withdrawal proposal is approved. If more than 1/3 BPs vote against the budget proposal during the publicity period, the proposal will be rejected.

7.Incentives

The incentive part of the Foundation is determined by the candidate according to the specific planning and goals.

The elected candidate shall claim the budget from eos.budget account.

April 9th, 2020

PreviousFIP #19 EOSC Mainnet Fee Adjustment ProposalNextFIP #17 A Proposal to Adjust The Publicity Period of Budget System

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