Disclosures

Disclosures2018-07-26T13:59:14+00:00

Ownership

In a statement published on May 2nd 2018, we proudly announced that EOS Dublin is 100% founder owned and funded. In the interests of full disclosure, we offer a breakdown of what that ownership looks like.

EOS Dublin is registered under EOS Blockchain Limited, a Limited Irish Company.

Sharif Bouktila and Sam Noble are the founding team, each owning 40% of the company, vested over 3 years. The remaining 20% is kept as an employee options pool.

Financial Principles

We original stated our financial principles in a medium post on May 4th 2018 and are re-iterating them again here for clarity.

Our financial principles are guided by our core values:

We value:

Independence: financial, creative, technical, with publicly available audits each year
Honesty: with one another and the wider community
Integrity: we’ll take the right path, even through obstacles
Education: We commit to keep learning and keep teaching

Stance on Revenue Distribution

Our primary commitment is supporting EOS and to create value for the entire EOS ecosystem. This involves scaling capacity ahead of demand. The EOS blockchain will only be as strong as its weakest link, we all need to ensure that each of our BPs and standbys are production ready.

Any excess revenue will be invested back to benefit the global EOS community. We are invested in this project personally. The founding team have committed to vest their own shareholdings for 3 years should we remain as active BPs. When everyone’s incentives are aligned, great things will happen.

We have committed to support community projects which we believe in like Chintai and to develop and support App development which will be value creative. The compounding effect of this re-investment will be to create excellent outcomes for all stake-holders.

No pay to play:

We want EOS investors to vote for EOS Dublin based on our merits and the value we add every day.

We will never pay for, or indirectly reward, any entity for voting for us.

At EOS Dublin Independence means Independence.

Our core values dictate our behaviour, and we are committed to transparency in the global EOS community. Reward systems we build through our applications and architecture will serve to improve the EOS global community as a whole.

This post was written to address the new checkmark criteria announced by @eosgo . Thanks, @eosgo for creating such an important metric for honesty and integrity in the new world of EOS. Cheers!