Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ZEN] Horizen: Bringing Privacy To Life [EX ZenCash]
by
MedaR
on 02/09/2018, 19:26:07 UTC
Op reads: something will be allocated over to somebody through the reward droppings funded by Horizen treasure. Im not asking where the treasury is, that would a rhetoric question. Just wanna know if theres any treasury and who is in charge of it. I could pull a mind control trick on u to extract the knowledge in its original form ur carcass if I wanted to.
The Zen Blockchain Foundation is the legal entity that allocates Treasury funds. One of our active projects is to provide our community visibility on how the funds are allocated -- (% of funds allocated for engineering, marketing, team compensation, integrations, etc.). Currently, the Foundation delegates authority to team leadership/directors on the use and prioritization of budget. Soon resource allocation decisions will be made by the DAO. Our DAO is still experimental, and we'll likely incrementally increase the resources available for the DAO. Meaning, when the DAO goes live in production it may not have 100% of the funds available to vote on. Blockchain technology and decentralized governance are experimental. We will proceed with caution and release a MVP that will require tuning and refinement. Ultimately, we look forward to the day when we successfully implement our DAO and have a programmatic liquid democracy in place! Furthermore, our team leadership consists of respective individuals in their fields. We do not need to compromise our combined 70 years of experience and reputation.