The First Nominations for the Telos Foundation Board of Directors
Original post at medium by Douglas Horn.
The Telos Foundation is endowed with 6 million TLOS tokens at launch to contribute to its mission of supporting the network in the following ways:
- Provide grants that will bootstrap important network functions, and encourage development and other network aims that may not be easily or expeditiously approved by worker proposal system voting through grants
- Fund the first 1 million new Telos accounts so that they are free for new users to create
- Promote the network through advertising, social media, outreach and related methods
- Discourage excessive RAM speculation through the use of a published guidance price
The Governance of the Telos Foundation is voted on by Telos Foundation Voting Token holders. The Telos Foundation will first elect 12 executive board members. It is important to have strong candidates stand for election prior to network launch. Board members may be nominated by anyone in the Telos Contributors Group and do not need to be members of that group or TFVT holders in order to serve. In fact, it is preferred if there are some outside directors.
Any board member nominations may be made by emailing:
