Apply For MoatFund Board Membership (Seats Available)
The applicants must hold minimum of 10,000 MTU
MoatFund is managed by a smart contracts protocol on Ethereum Blockchain which is publicly accessible and that can govern the full ecosystem of fund managing functionalities. The protocol is not biased towards one group of users to benefit another. Every MoatUnit holder denotes the Proof of Membership (POM) in MoatFund and they have the right to vote for the MoatFund protocol updates assisting to build a decentralized governance.
Belfort penny-stock scam to Madoff investment scandal have demonstrated that these types of third-party risks are perceivable. Decentralized governance in fund management will eliminate these risks by providing a transparent and secure platform to investors through which they invest their funds trustfully, thereby delegating the burden of security on the community rather than to a single custodian.
Board Members plays a very important role in Implementing Decentralized Autonomous Structure. They will vote for each and every major operations occuring in MoatFund ecosystem.
Criterias for Board Members.
- The applicant must hold minimum 10,000 MTU (subject to change).
- The person must actively participate in almost all the voting rounds. No matter, whether you voted in favour or in against.
- The person must complete the KYC procedure which will be linked to your Ethereum address. No double membership.
- You must have to join our Board Member’s Telegram Group.
- The above rules are subject to change so all the members have to comply with latest changes.
Process to become a Board Member.
#1 — Apply for Membership.
Send an email to moatfund@fintrig.com with following details:
- Ethereum Address.
- Address Proof (Aadhar, Driving licence etc).
- Identity Proof (Aadhar, PAN etc).
The above Ethereum Address must hold equal to or more than 10,000 MoatUnits.
#2 — Verify your Ethereum Address (OTP verification).
After authenticating your submitted details, our team will send you a random decimal number, something like this:
0.0000675358
This number will be your OTP for verifying your Ethereum Address. Don’t share this with anyone. And it can only be used once.
You have to send that exact amount of Ethereum from your Ethereum wallet to the address given by our team in the email:
And send us the Tx details from etherscan as shown below. That’s something we call blockchain based OTP authentication ;)
We will cross check the “Value” (OTP) and the “From” field to verify your submitted details.
#3 — Provide your basic details.
After completing the above process, you’ll be asked for your basic details with a decent image of yours. To maintain the transparency, the details of the board members will be displayed on our website. A seperate webpage will be dedictated to Board Membership as stated in our Trello Board.
Thereafter, you’ll get a seat at MoatFund Board and will be added to our separate telegram group. You can always check your membership status from our MoatFund Board Smart Contract.
All of the above information will be communicated via email.
Rights of Board Members.
The border members will be the first to get informed about our internal activities and they have privileges to perform following 2 activities:
- They can vote for other’s investment proposal.
- They can initiate their own proposal.
Initially, the members will mostly be performing former task. We will educate them to propose their own idea to Board Members after the technology get more enhanced.
We want to make sure that the MoatFund ecosystem is not run by any single custodian (i.e. MoatFund team or someone else), it must be run by the community as a whole.
Can a board member lose his/her seat?
Yes, if the member doesn’t comply with the criterias as discussed above. The above rules are subject to change so the existing members also have to comply with latest changes.
What is the limit of Board Members?
Currently, we are limiting the Board Members seats to 20. However, it will increase as the ecosystem of MoatFund increases.
The following article explains the process of — How we are Implementing Decentralized Autonomous Structure in MoatFund.
Decentralized governance in fund management is an important progression from the ecosystem of centralized fund management for a few key reasons: decentralized ecosystem can provide stronger security guarantees to end users since there is no longer a central party which can run away with customer funds or be subjected to government regulations.
Any Questions? Feel free to join our telegram group or discuss with us on our forum.
Want to Invest in MoatFund? Participate in the MoatUnit Offering at our website — https://moatfund.com
