Given this sentiment and the criteria we shared above, for this first iteration Set and 1kx will delegate the following INDEX to the current ICC members.
- Anthony B - 75,000
- CatJam - 75,000
- Cormac - 75,000
- Dev - 75,000
- Ed - 75,000
Further, we believe that clear agreements > unclear expectations.
In an effort to start from a place that sets up all sides for maximum success and minimum confusion, here are some agreements we’d like to make in addition to the principles / criteria shared above:
- Delegate composition - While for this first iteration we are choosing to delegate evenly across current ICC members, this does not necessarily mean we will do this in the future. For example, in the future we may delegate to some, but not all, ICC members.
- Active, informed, experts - Delegates are expected to be active and deeply informed Index Coop contributors. Such participation certainly includes voting on IIPs that reach Snapshot, and may also include posting opinions and/or proposals to the forums.
- Ending Delegation - At any time, with or without cause, either the delegate or tokenholder may decide to end delegation with written notice to the other party. In such instances, the tokenholder will revoke delegation in full within a reasonable amount of time. Delegates are expected to not use their delegated INDEX to vote on proposals in any interim period.
- Increasing or decreasing delegated tokens - Parties may mutually agree to increase or decrease the delegated tokens by any amount at any time.
- No other relationship - Delegation should not be construed as creating a relationship between tokenholders and delegates beyond delegation for Index Coop governance. There are no other promises or conditions in any other agreement.