FIO Board

Next election day: December 15th, 2022

On this page

Overview

The Foundation For Interwallet Operability Board of Directors consists of up to nine members and, via multi-sig, has control over the Foundation Treasury.

Board Responsibilities

  • Proactively support the mission of the Foundation.

  • Be and become knowledgeable in the FIO Protocol objectives and high level technical structure.

  • Actively participate in all Board asynchronous discussions and Board calls.

  • Sign approved Board motions and crypto multi-signatures in a timely fashion.

  • Provide advice and guidance on Foundation plans and activities.

  • Review Foundation budgets and provide approvals as required.

  • Support the Foundation’s mission in social media and by making introductions that can be helpful to the Foundation.

  • Operate consistent with the Foundation’s Articles of Association.

Board Elections

The initial members were appointed from the pool of early industry participants in the FIO Protocol and served until one year after Mainnet launch. Starting April 15th, 2021, and then every four months thereafter, the Board conducts an ongoing poll among token holders for Board Member candidates and appoints new members from the pool of top 12 candidates by number of votes received.

Latest election results

You can find the latest election results here: https://fioprotocol.atlassian.net/wiki/spaces/DAO/pages/521076846

How to vote?

  • Checkout current list of candidates

  • Send a FIO Request from any FIO-enabled wallet to boardvote@fio for any amount of FIO (the FIO won't be sent to you so the amount doesn't matter) from the FIO Crypto Handle which is owned by an account where you have FIO you would like to vote. If your wallet does not support FIO Request, you may transfer your tokens to one that does, or import private key to it.

    • Include in the memo the candidate key from current list of candidates of each candidate for which you wish to vote, separated by commas (e.g., 25,21,22), no need for the FB- prefix. The order of the letters is not important.

    • Do not include any other information in your memo.

    • You can vote on maximum of 9 candidates. If your vote contains more candidates, only the first 9 will be considered.

    • If your vote contains invalid candidates or information, it will be ignored.

  • If you have multiple FIO accounts you will need to send a FIO Request from each separately to vote each of those accounts. However, if you have multiple FIO Crypto Handles registered to the same FIO Account (private key) you only need to vote with one of those FIO Crypto Handles.

  • You may update/change your vote at anytime just by sending a new FIO Request with your new voting preferences.

How are votes counted?

  • Your vote issue will be manually created and will show up in https://fioprotocol.atlassian.net/wiki/spaces/DAO/pages/521076846/Board+Vote+Tracking#Raw-Votes including the voting power (Current weight in FIO). The issue may not be created until after the election day.

  • Your voting power will be counted based on the number of FIO Tokens you held on the day of the election.

  • If you are proxying your tokens, they will not be counted. To stop proxying, you must vote for block producers.

  • If tokens are being proxied to the account voting, they will be counted and reflected in the weight.

  • If you are staking tokens they will be counted in voting.

  • If your tokens are locked, they may not be counted based on the following criteria:

    • Genesis locks

      • Minimum 30% of initial grant is votable, rest is votable after unlock

    • General locks

      • Votable if Can vote flag is set to 1

        • Otherwise locked tokens are not votable

  • Unless you submit a new vote, your vote will continue to be counted at every election based on then current voting power.

  • If you want to stop voting send a FIO Request with empty memo field.

  • Results of elections will be posted here: https://fioprotocol.atlassian.net/wiki/spaces/DAO/pages/521076846

How to become a candidate?

  • Qualifications

    • Board members must undergo KYC and cannot have been convicted of significant crime nor can they be a resident or citizen of any countries that are lists of restricted countries maintained by the U.S. and EU.

  • Responsibilities - check out Responsibilities section above.

  • Compensation

    • Board members are not guaranteed any compensation. However, the Board may approve modest token stipends to Board members consistent with the Articles of the Foundation. All such compensation will be made public.

  • Submit your candidacy by creating a new Board Member issue.

    • Provide as much details as possible

  • Campaign for votes from FIO Token holders