Rules of Engagement

What are the Rules of Engagement of the Impact Fund?

We believe the Impact Fund’s Governance Code should be ultimately designed by its own community members. However, as a first step to establishing the Impact Fund focused on Bali, we decided as an internal team to set the first Rules of Engagement to communicate expectations and commitment:

  1. All project proposals will be designed and submitted by the appointed executive team based in the field.

  2. All project proposals will undergo due diligence performed by an independent party.

  3. All project proposals must comply with and meet the impact fund mandates and requirements to be approved for members voting.

  4. All project proposals that are not aligned with the impact fund mandates and requirements will be automatically vetoed.

  5. All project proposals must benefit communities, as opposed to individual people.

  6. All project proposals must get 50% or more of the voting quorum in order to be approved.

  7. There will be a limited amount of funds that will be deployed per quarter according to the Impact Fund Annual KPIs and following the guidelines of the Impact Fund’s Governance Code.

Where will all the funds be stored?

Quantum Temple will create a Multisig Wallet in order to establish the on-chain treasury of the Impact Fund, guaranteeing full transparency and accountability.

Have any questions or feedback? Reach out: hello@quantumtemple.io 😊

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