Name: Expedite the process of adding additional directors to the foundation before critical decisions are made
Scope: Begin the process of discussing the best steps to increase the foundation size to help the decentralisation of the project,
In this proposal have outlined the steps and reasons for wanting an expanded foundation directorship size.
"Funding Ren 2.0 development
Following the legal set up of the Ren Foundation, it would likely need to conduct a raise to fund continued development of Ren 2.0. This could involve a portion of the inflated tokens being sold at a discount to investors. The Foundation and the DAO will be the only entities that decide how much and when to fund Ren 2.0 development, not the development team. Funding and budgetary considerations would need to be discussed and negotiated at the earliest opportunity."
From the RIP we voted on I do not believe the community voted for a foundation of one person to discuss and negotiate how much and when to fund future Ren 2.0 development like we have now this is a huge centralised risk and too much for one man or women to possibly undertake .David seems to me to be doing a great job but I feel it’s time for the foundation to be expanded before critical decisions on allocation of resources are chosen .
I would propose at least 5 directors of the foundation. 1 director is unfortunately a centralised risk and too easy to be taken down by governments or bribed in some way , it would be good to see what expertise the community has and see if there are people who would be suitable for the role and can add benefit to the work that David has gracefully done so far
We also need details on how the foundation can be expanded as it is unclear currently the process for this to happen.
Things on this front may look as slowing things down but I would counter that on the grounds that if Ren 2.0 is to succeed, the foundation we start from needs to be as solid as we possibly can make it . Also, value of the mint is dependent on the market, if the wider market looks at one director having access to 18% of the supply I do not believe that will look good on our credentials and potential listing criteria for exchanges and market makers who would potentially LP Ren 2.0 , Remember if there is little to no liquidity for the new token you will have a harder time paying salaries offering grants .
I would propose.
- We find any active community members who have an interest and skills to work with David on this project.
- Decide on what time frame and what number of directors are needed I personally believe this should be done before any of the minted treasury is used
The community should discuss the priority of getting additional foundation members on board and if is decided that it is needed plan or potentially vote for additional directors