>Governance
Governance2019-07-26T09:34:53+00:00

Governance

Project Hydro is an open-source, global, and democratic blockchain project. Strong governance has been put in place to ensure the long-term sustainability of the ecosystem, so our vision of simplifying blockchain adoption is realized! Here is an overview of the current governance structure:

 

  •   Team members can be nominated by any member of the Project Hydro community via this form.
  •   Elections are held on a rolling basis, via quorum from the current Team Members.
  •   Team members can be suspended or relieved of their duties at any time through a fair system with checks and balances.
  •   All team members have options in the Hydro Labs company, located in the Cayman Islands.
  •   Corporate managers are elected from the team by the team.
  •   All team members are eligible to be voted into the Project Hydro Board of Directors by a majority of other shareholders.
  •   Team members receive a monthly allotment of HYDRO tokens for their work on the project. Commissions are also available for work above and beyond basic duties.
  •   The elected Hydro Labs treasurer can approve HYDRO tokens for small day to day expenses, but large expenses must be voted on and approved.
  •   The HYDRO treasury is used in some Hydro dApps, to compensate Hydro Labs team members, and for HCDP tasks.
Do NOT follow this link or you will be banned from the site!