5.2 Investor Protection Fund Structure
To better protect the rights and interests of investors and the project to achieve the strategic goal of internationalization, at the same time, considering the needs of policies and regulations and daily operation management efficiency, in the top community and OpenAI company support, we established the RPC investor protection fund (hereinafter referred to as the foundation) will be fully responsible for the RPC system continuous development and transparent governance construction, to ensure that the project to the maximum extent in accordance with the established plan, at the same time promote the safe and harmonious development of open source ecological system.
The foundation will continue to reach long-term strategic partnerships with international top digital asset exchanges, venture capital institutions, NFT communities and service providers, laying a solid resource, capital and industrial foundation for the project. The design objectives of the foundation's governance structure mainly consider the sustainability of project development, the effectiveness of strategy formulation, management effectiveness, risk control and the efficient operation of the project.
To ensure the openness and transparency of RPC projects, the Foundation is managed by establishing the highest decision-making body and a decision-making committee. The decision-making Committee has an operational Committee, a technical Committee, a comprehensive Affairs Committee and a Community Development Committee. The governing body will be composed of developers and functional committees.
The members of the first decision-making committee are composed of core team members, blockchain industry celebrities, legal experts and early investors, and some members of the subsequent decision-making committee are elected by the community. The functions of the decision-making committee include the hiring and dismissal of executive executives andheads of functional departments, making important decisions and holding emergency meetings, etc. Each term of office of the decision-making committee is two years.
Members of the first RPC Decision Committee have rich industry experience in blockchain, DeFi and NFT, briefly described as follows:
1) Decision committee
Decision-making committee after the term by the community all currency members according to the number of the RPC and currency age calculation weight vote, choose no more than nine odd decision committee members of the core members of the RPC community will represent important and emergency decisions, and need to accept credit during the investigation and public compensation.
2) CEO
It is elected by the decision-making committee, responsible for the operation management of the RPC project, work coordination of the subordinate committee, and the meetings of the decision-making committee. The executive director regularly reports the progress to the decision-making committee.
3) Business committee
The operational committee is responsible for the overall design and planning of the community.
4) technical panel
The technical committee is composed of core developers, responsible for the underlying technology development and audit, product development and audit, etc. The technical Committee holds regular project tracking meetings to communicate the needs and project progress. Technical committee members need to understand community dynamics and hotspots, communicate with business participants and RPC holders in the community, and hold technical exchange meetings irregularly.
5) The Market Development
Committee Responsible for the project promotion, operation, community activities, RPC tokensincentives, and the cooperation of various large-scale industry activities. And raising digital assets for community development and construction.
6) The General Affairs Committee
The General Affairs Committee is responsible for the use and audit of the project raised funds, developer compensation management, daily operation expenses and audit, etc.
7) The Community Development Commission
The goal of the Community Development Committee is to serve the community, responsible for the RPC and the community governance station of the technology forum. Also responsible for the release of all community announcements and media cooperation matters.
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