EOS New York: RAM Transparency Policy on Purchases & Sales
Internal RAM Policy
We are publishing our RAM purchase and sale policy in order to maintain a level of transparency that we believe the community deserves from its Block Producers. Block Producers, through their server infrastructure, manage the supply of RAM required by the network. These supply changes can directly affect the price of RAM on the internal market. Therefore, the information we are privy to could lead to clear conflicts of interest or unfair advantages.
We will formally add a final policy to our code of conduct and our website soon. In the meantime, here is our foundational policy which we are providing to the community for comment.
Purchases & Sales
Should EOS New York choose to purchase or sell RAM we will announce our intention at least seven days prior to the point of purchase or sale. We will place this notice on the EOS blockchain for all to audit.
Exclusion for RAM Purchases intended for Account Creation
As we expand our organization we will be required to purchase new account names on EOS. In order to remain agile, we are excluding the purchases of RAM intended for account creation from our policy.
The account names we currently own mirror our corporate structure:
- eosnewyorkio
- libertyalpha
- techlibertas
- amagialphalt
Upgrading RAM
Our RAM upgrade policy is still being developed internally.
Speculation
EOS New York will not purchase or sell RAM for speculative purposes. We believe that the resources available on the EOS platform are meant to be used for their utility, not their ability to generate gains. EOS New York will use RAM for development reasons, either for our own projects or the projects of others which we support.
