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Board of Directors

The Board of Directors provides oversight over the Hummingbot Foundation and its day-to-day activities, along with managing the HBOT treasury.

Members

Established at inception of Hummingbot Foundation , the initial Board comprised of the following individuals:

Name Title
Arthur Cheong CIO, DeFiance Capital
Brett Gibson Managing Partner, Initialized Capital
Gene Cheon Asia Credit Trader, BNB Paribas
Howard Chu Managing Director, JPMorgan
Michael Feng Co-founder, CoinAlpha

In early 2023,Hummingbot Foundation will elect the new Board for a one (1) year term.

Role & Responsibilities

The Board is a 5-person, independent committee that oversees the day-to-day administration of the Hummingbot Foundation and manages the multi-signature wallet of the HBOT treasury.

The Board conducts a virtual board meeting at least once per quarter to discuss Foundation progress and strategy. In addition, the Board regularly corresponds over Telegram to handle multi-signature transactions related to HBOT distributions.

Requirements

Serving on the Board is open to anyone in the Hummingbot community. As board members are elected by HBOT holders, board candidates should have some past experience with Hummingbot and its community.

Since all transactions from the Foundation HBOT treasury require 3 out of 5 board signatures, board members should know how to manage a Gnosis multi-signature wallet.

Per the Foundation bylaws, there is no salary for serving on the Board of Directors.

Election Process

Hummingbot Foundation re-elects its Board of Directors every 12 months via Governance Proposal, following a process similar to that of other Polls:

  • Nomination thread: One month before the election, the Foundation will post a thread in Discord where past board members and anyone else can apply for a Board seat

  • Election starts: We will create the election as a Hummingbot Governance Proposal with everyone who applied via the Discord thread. Similar to other polls, this election uses Snapshot gasless voting and the quadratic voting allocation method.

  • Election ends: The election ends in 1 week, and the top 5 vote-getters will be seated afterwards on the Board of Directors for a 1-year term.