Governance

Our fund will be run similar to a traditional investment fund but will enjoy the benefits of a massive network of contributors. Edge Fund Council

All final decisions will be made by a council of 5 elected members. Council members will be voted on by EDGE holders. In order to vote you must hold at least 250,000 EDGE tokens ($5,000 worth at a $20M FDV). Council members will hold their post for 3 months before needing to be re-elected.

If a council member remains inactive for 21 days or engages in misconduct, the council can vote to remove and replace them if all other members agree. Why only 5?

DAO like structures fail when they rely on thousands of contributors to contstantly vote on everything. A small council of 5 people will allow the fund to get things done quickly. A small number of extremely smart and dedicated individuals can be agile making final decisions while the rest of our community works hard to support their decision making and provide them with data, analyses, and proposals.

Contributors

Council members are able to make hires for themselves or for the group to help them make better decisions. Council members may use Edge Tax generated treasury funds to pay hires if approved by the council. They may also make independent hires without council approval and pay them with a % of their council pay. Council Pay Structure

Council members will split 10% of the total distribution from the Edge Tax explained in Tokenomics. In our hypothetical growth scenario, this was $20k per month per council member.