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Approved Educators $LOYALTY Whitepaper
  • Approved Educators
  • Vision
  • Web3 model
  • Early Investors NFT
  • Soul Bound Token SBT
  • Stakeholders
  • Ecosystem diagrams
  • The Approved Educators Foundation
  • Creator Collective
  • Future Approved Educators Protocol initiatives
  • Peer-review system
  • Helpful donations
  • Scholarships
  • Grants
  • Token Allocations
  • Release Schedule
  • $LOYALTY Token
  • $LOYALTY Token Utility
  • LOYALTY Governance
    • $LOYALTY token holders
    • LOYALTY Governance Council Members
    • LOYALTY Overview
  • Disclaimer
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  1. LOYALTY Governance

LOYALTY Governance Council Members

LOYALTY Governance Council Members

The LOYALTY Foundation will establish a council comprising 5 members who will adhere to the LOYALTY governance documents.

The council will have two main responsibilities: the first is to verify and validate any proposals sent to the council by $LOYALTY token holders to ensure they meet the guidelines stated in the LOYALTY governance documents, which can then be presented to $LOYALTY token holders for voting.

The second responsibility is acting as an administrator to ensure the passed proposal is executed. Each initial council member has a limited term of 9 months. After this period, $LOYALTY token holders and former council members can nominate themselves as council members for the next term.

All new council members must be voted in by $LOYALTY token holders during the annual elections, with all future council members serving for 12 months. Council members may be removed from office by other council members if they are not acting in accordance with the bylaws and the best interest of the Approved Educators Protocol.

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Last updated 1 year ago