{"id":47333,"date":"2020-04-04T01:21:41","date_gmt":"2020-04-04T01:21:41","guid":{"rendered":"https:\/\/www2019.dash.org\/?p=47333"},"modified":"2021-09-18T11:42:14","modified_gmt":"2021-09-18T11:42:14","slug":"dash-trust-protectors","status":"publish","type":"post","link":"https:\/\/www.dash.org\/news\/dash-trust-protectors\/","title":{"rendered":"Dash Trust Protectors Election 2020"},"content":{"rendered":"

We are happy to announce details about the Trust Protectors election to be held in April for the Dash DAO Irrevocable Trust. The trust is 100% owner of Dash Core Group, Inc.<\/p>\n

What is Dash DAO Irrevocable Trust<\/h1>\n

The Dash DAO (decentralized autonomous organization) Irrevocable Trust, was formed in\u00a0July 2017<\/a>\u00a0to ensure that the Dash Core Group (DCG), the biggest organization responsible for Dash\u2019s development, is held accountable to the Dash network in more ways than simply defunding it.<\/p>\n

The trust is structured so the Dash network is the beneficiary, the trust owns 100% of the shares in the Dash Core Group, and the trustee ensures that the everyday work of DCG is following the best interests of the network. The Trust Protectors serve as a check and balance system to ensure the trustee and DCG are doing their jobs and have the ability to replace any members of the DCG Board of Directors if they are not satisfactorily servicing the best interests of the network. The Dash masternode network then reelects the six Trust Protectors every year to ensure they also have the best interests of the network in mind.<\/p>\n

For more information on the trust and its role, please click\u00a0here<\/a>.<\/p>\n

Trust Protector Election Details<\/h1>\n
    \n
  1. Candidate Application Submission Period: 3rd\u2014 20th April<\/li>\n
  2. Network Election Voting Period: 21st \u2014 30th April<\/li>\n
  3. Election Results Announcement: Early May<\/li>\n<\/ol>\n

    Dash Watch will overview the process<\/h1>\n

    In order to ensure that the process is conducted as expected, Dash Watch will be the objective third party auditor. Results of last year\u2019s Trust Protector election facilitated by Dash Watch can be seen\u00a0here<\/a>.<\/p>\n

    Dash Watch\u2019s involvement will be two-fold:<\/p>\n

    Candidates data gathering and verification of prerequisites<\/h1>\n

    Dash Watch will compile the list of candidates and will publish the final list for voting on April 21st. Anyone interested in becoming a candidate should reach out to them at\u00a0team@dashwatch.org<\/strong>\u00a0before the end of day April 20th UTC.<\/p>\n

    To be eligible, candidates must provide valid ID and proof of residence, since the trustee will need to perform KYC checks before confirming the appointment of any elected trust protector.<\/p>\n

    Dash Watch will also check that the candidates meet the following requirements:<\/p>\n