Topic: [ANN][EMC2] Einsteinium | FUNDING THE FUTURE WITH THE FUTURE OF CURRENCY - page 268. (Read 1076407 times)

I do not fully understand the meaning of "engaged holding".

I've introduced the following program to the board for discussion and subsequent vote.   Please feel free to discuss if you wish:

The Investment Loyalty Program

The Investment Loyalty Program is a plan that will reward engaged EMC2 holders, it will be funded by the mining tax only in the absence of a project to fund in that particular month.

Here is how the Investment Loyalty Program works.  To qualify for reward:

1)  you must register an EMC2 address by the 10th of the month,
2)  only the top 100 registered addresses are eligible,
3)  you must maintain (no withdrawals) those funds in the account until the 10th of the following month.
4)  only one address per BCT  username 

The Investment Loyalty Program is funded by the mining tax, it is ONLY used in the absence of a particular project to fund; as such, most of the time there will be no Investment Loyalty Program reward.  In the months where there is a reward it will be conducted as follows: of the properly registered accounts (10th of the previous month) on the 10th of the following month, the top 100 account values will receive a proportionate amount of the available funds.  Payout will begin on the 15th of the month. 
Any withdrawal made from any registered address disqualifies said address for any reward for the target period.

This program is meant to reward engaged holding.



[Please discuss]

There is a slow down in the crypto Alt cycle, in part this is due to the relentless assaults of scammers.  They are being purged from the system.  Good and fair coins must prepare for a dry period, and by working together to continue creating new possibility and integrity in this p2p industry, we will see a greater wave of coming interest as BTC and LTC continue to lose momentum due to inflation and distribution problems.   Do not lose sight of the big picture.  Coins can and should work together to establish conventions and resources that benefit all goodwill coins. 

A major part of my vision for the reconstruction of EMC2 is to enlarge our community by creating meaningful relationships with other coin communities.  To that end the Intercoin committee was formed.  The goal for the Intercoin committee is to find ways to enable various coin communities, particularly cause-coins, to get stronger individually though shared resources and strategic combining of efforts. 

The EMC2 Intercoin Committee membership is:

Armis - (committee chairman) representing Einsteinium coin
Gravitate - representing WorldAidCoin
FoldingCoin - representing FoldingCoin
BitcoinNational - representing UNO coin
and
ivanlabrie - representing CHILD coin

This committee is open to all EMC2 owners that wish to participate.  Given the messages I've received recently I expect many announcements from this committee.

Now with the Einsteinium Foundation bylaws in place here are our standing committees:

1)   Finance -  target is 5 member committee, Chairman is the Treasurer of EMC2, unless otherwise determined

2)   Charity project -  target is 5 member committee, Chairman will be appointed

3)   Inter-coin -  target is 5 member committee, Chairman is the Vice-President of EMC2, unless otherwise determined

4)   Security -  target is 5 member committee, Chairman will be appointed

5)   Elections -  target is 5 member committee, Chairman is the Secretary of EMC2, unless otherwise determined

6)   Membership -  target is 5 member committee, Chairman will be appointed

7)   Development -  target is 5 member committee, Chairman will be appointed

8)   Mining -  target is 5 member committee, Chairman will be appointed

9)   Fundraising -  target is 5 member committee, Chairman will be appointed

10) Marketing -  target is 5 member committee, Chairman will be appointed

11) Communications -  target is 5 member committee, Chairman will be appointed

To learn more about committees see:

EMC2 Bylaws here: https://bitcointalksearch.org/topic/m.9792215
EMC2 committees here: https://bitcointalksearch.org/topic/m.9783347

I'm reaching out in many directions to find good people within the cryptocurrency industry who are willing to do good works for EMC2.

One of the most vital committees is the finance committee, this committee is almost always chaired by the Treasurer.

Treasurer (Bylaws Article 6  Section 4)

The Treasurer’s duties shall be:
a. He is responsible for the proper care and accounting of Einsteinium Foundation funds.  
b. He shall present a complete and accurate report of the finances.
c. He shall have the right of inspection of all Einsteinium Foundation funds and subsequent audit reports.
d. It shall be the duty of the Treasurer to assist in direct audits of the funds of the program according to funding source guidelines and generally accepted accounting principles.
e. He shall perform such other duties as may be prescribed by the President under whose supervision he shall be.


Finance Committee (Bylaws Article 7, Section 3)

Unless otherwise determined by the President or board, the treasurer shall be the chair of the Finance Committee.  

The Finance Committee is responsible for developing and reviewing all fiscal procedures, and preparation of the budget. The board must approve the budget and all expenditures must be within budget.  Any major change in the budget must be approved by the board or the Executive Committee. The fiscal year shall be the period between annual meetings.  

Annual reports are required to be submitted to the membership showing income, expenditures, and pending income. The financial records of the organization shall be made available to the membership, officers, and board of directors.


Oldminer is the Treasure of the Einsteinium Foundation, and is hereby appointed Chairman of the Finance Committee.  I've asked Oldminer to:

1) create a plan to carryout the duties of the committee,
2) recruit a least two more people for the committee
and
3) produce periodic accounting statement for all Einsteinium Foundation funds.

A report from the board or Treasurer should be made to the community on or about the 15th of each month.  
 
The report  will include: the financial status on all EMC2 assets and escrow funds, including but not limited to:  the trust fund, accounts listed in OP, accounts in foundation name not listed in OP, all escrow accounts, and any other funds or assets.  

For now things are relatively simple, as things start to progress we need to make sure that we have a sound financial system in place to maintain our progress.

We need members for the Finance Committee, if you are interested in being on this committee please contact the Oldminer or me; if you are interested in sitting on any other committee please contact me. .

Thanks

Any one with some Debian 7.0 knowledge, PM me please.

I missed the voting. But I wish all good for our coin. It's very nice to see activity and people that look into future of EMC2. Keep going folks! You do a great job!

Voting is over!
The board and EMC2 community owners have resolved to adopt these bylaws for the Einsteinium Foundation with 12 positive votes.
 

The Einsteinium Foundation

ByLaws



ARTICLE I.
NAME OF ORGANIZATION

The Einsteinium Foundation



ARTICLE II.
CORPORATE PURPOSE

Section 1. Nonprofit Purpose
This philanthropic corporation was created to provide scientific grants, as well as to provide administrative management of the cryptocurrency [CC] identified as Einsteinium (EMC2).  

Section 2. Specific Purpose
The Einsteinium Foundation provides grants to deserving individuals and/or entities who have done, or are doing,  exceptional science projects involving scientific research, science education, or science development.

The Einsteinium Foundation also administers managerial duties for the care and maintenance of the CC EMC2.

The specific objectives and purpose of this organization shall be:
a. to provide to preserve and increase the equity value of EMC2 investors,
b. to provide to find and fund worthy science projects,
c. to increase the size of the EMC2 investor community,
d. to sponsor, host, and/or participate in events and activities that promote EMC2.





ARTICLE III.
MEMBERSHIP

Section 1. Eligibility for Membership
Every owner of EMC2 is eligible for membership.  Proof of EMC2 ownership shall be determined by the board.  Membership is granted after application for membership with satisfactory proof of EMC2 ownership is provided to the board.

Section 2. Membership Dues
Currently there are no membership dues.

Section 3. Rights of Members
Each member in good standing shall have the right to vote in association elections.

Section 4. Resignation and Termination
Any member may resign by filing a written resignation with the Einstein Foundation secretary.   Resignation shall not relieve a member of unpaid dues, or other charges previously accrued.  A member can have their membership terminated by a majority vote of the membership.



ARTICLE IV.
MEETINGS OF MEMBERS

Section 1. Regular Meetings
Currently “Regular Meetings” are had at https://bitcointalksearch.org/topic/annemc2-einsteinium-funding-the-future-with-the-future-of-currency-494708 often.

Section 2. Annual Meetings
The annual meeting shall take place June 6th, time 2pm EST, at a location determined by the foundation board and noticed by the board secretary.   At the annual meeting the members shall elect directors and officers.

Section 3. Special Meetings
Special meetings may be called by the President, the Executive Committee, or a simple majority of the board of directors.

Section 4 Notice of Meetings
Notice of each meeting shall be given by placing notice on opening post at the Bitcointalk page of the EMC2 forum page,  in two other regualarly used social media resources, and published by a cryptocurrency publication that is highly recognized by the EMC2 community like the The Einsteinium News. not less than two weeks prior to the meeting.

Section 5. Quorum
A quorum for a meeting of the members shall consist of at least twenty percent (20)% of the active membership.

Section 6. Voting
A quorum must be in place before a vote can be requested, all issues to be voted on shall be decided by a simple majority of those present at the meeting in which the vote takes place.



ARTICLE V.
BOARD OF DIRECTORS

Section 1. General Powers
The affairs of the Corporation shall be managed by its Board of Directors. The Board of
Directors shall have control of and be responsible for the management of the affairs and
property of the Corporation.

Section 2. Number, Tenure, Requirements, and Qualifications
The number of Directors shall be fixed from time-to-time by the Directors but shall consist of no less than three (3) nor more than fifteen (15) including the following officers: the President, the Vice-President, the Secretary, and the Treasurer.

The members of the Board of Directors shall, upon election, immediately enter upon the
performance of their duties and shall continue in office until their successors shall be duly elected and qualified.  All members of the Board of Directors must be approved by a majority vote of the members present and voting.  

Elected members of the Board of Directors shall have a term of service of one-year.

Section 3. Regular and Annual Meetings
The annual meeting shall take place June 6th, time 2pm EST, at a location determined by the foundation board and noticed by the board secretary. At the annual meeting the members shall elect directors and officers. The Board of Directors may provide by resolution the time and place, for the holding of regular meetings of the Board.

Section 4. Special Meetings
Special meetings of the Board of Directors may be called by or at the request of the President or any two members of the Board of Directors. The person or persons authorized to call special meetings of the Board of Directors may fix any location, as the place for holding any special meeting of the Board called by them.


Section 5. Notice
Notice of any special meeting of the Board of Directors shall be given at least two (2) days in advance of the meeting by forum post at https://bitcointalksearch.org/topic/annemc2-einsteinium-funding-the-future-with-the-future-of-currency-494708 . Any Director may waive notice of any meeting. The attendance of a Director at any meeting shall constitute a waiver of notice of such meeting, except where a Director attends a meeting for the express purpose of objecting to the transaction of any business because the meeting is not lawfully called or convened.

Section 6. Quorum
The Einsteinium Foundation is an internet based organization as such there are no in-person meeting, all of our meetings are done by private message correspondence.  Everyone shall be given the opportunity to vote on any non-emergency matter up to 48 hrs from the time it is first posted.  The quorum would be a majority of current members of the Board of Directors to constitute a quorum to transact business, but a lesser number shall have power to adjourn to a specified later date without notice.

Section 7. Vacancies
Whenever any vacancy occurs in the Board of Directors it shall be filled without undue delay by a majority vote of the members at a special meeting of the members called for that purpose.

Section 8. Compensation
Members of the Board of Directors shall be entitled to compensation from a fund set aside for that purpose as determined by the President or majority vote of the Directors.

Section 9. Informal Action by Directors
Any action required by law to be taken at a meeting of the Directors, or any action which may be taken at a meeting of Directors, may be taken without a meeting if a consent in writing, setting forth the action so taken, shall be signed by two-thirds (2/3) of all of the Directors following notice of the intended action to all members of the Board of Directors.

Section 10. Confidentiality
Directors shall not discuss or disclose information about the Corporation or its activities to any person or entity unless such information is already a matter of public knowledge, such person or entity has a need to know, or the disclosure of such information is in furtherance of the Corporations’ purposes, or can reasonably be expected to benefit the Corporation. Directors shall use discretion and good business judgment in discussing the affairs of the Corporation with third parties. Without limiting the foregoing, Directors may discuss upcoming fundraisers and the purposes and functions of the Corporation, including but not limited to accounts on deposit in financial institutions.

Section 11. Parliamentary Procedure
Any question concerning parliamentary procedure at meetings shall be determined by the President, who may refer to Robert’s Rules of Order.

Section 12. Removal.
Any member of the Board of Directors may be removed with or without cause, at any time, at a special meeting properly called for that purpose of the members and where a quorum is present.   A board member who has been removed as a member shall automatically be removed from the board.



ARTICLE VI.
OFFICERS

The officers of this Board shall be the President, Vice-President, Secretary and Treasurer. All officers must have the status of active members of the Board.

Section 1. President
The President shall preside at all meetings of the membership. The President shall have the following duties:
a. He/She shall have general and active management of the business.
b. He/She shall have general superintendence and direction of all other officers of this
corporation and see that their duties are properly performed.
c. He/She shall preside at all meetings of the Executive Committee.
d. He/She shall submit a report of the operations of the program for the fiscal year to the
members at their annual meetings, and from time to time, shall report to the Board all matters that may affect this program.
e. He/She shall be Ex-officio member of all standing committees and shall have the power
and duties usually vested in the office of the President.

Section 2. Vice-President
The Vice-President shall be vested with all the powers and shall perform all the duties of the President during the absence of the latter. The Vice-President’s duties are:
a. He/She shall have the duty of chairing their perspective committee and such other
duties as may, from time to time, be determined by the President.

Section 3. Secretary
The Secretary’s duties shall consist of:
a. He/She shall record all votes and minutes of all proceedings.
b. He/She in concert with the President shall make the arrangements for all meetings, including the annual meeting of the organization.
c. He/She shall perform all official correspondence from the board and/or the President.



Section 4. Treasurer
The Treasurer’s duties shall be:
a. He/She is responsible for the proper care and accounting of Einsteinium Foundation funds.  b. He/She shall present a complete and accurate report of the finances.
c. He/She shall have the right of inspection of all Einsteinium Foundation funds and subsequent audit reports.
d. It shall be the duty of the Treasurer to assist in direct audits of the funds of the program according to funding source guidelines and generally accepted accounting principles.
e. He/She shall perform such other duties as may be prescribed by the President under whose supervision he/she shall be.

Section 5. Election of Officers
The Secretary shall determine the fair practice whereby the nominations for the board, and nominations for officers are made.  Only the board may act to change the policy or procedure laid out by the Secretary.  Those officers elected shall serve a term of one (1) year, commencing at the next meeting following the annual meeting.

Section 6. Removal of Officer
Any officer may be removed with or without cause, at any time, at a special meeting of the members properly called for that purpose, and where a quorum is present.   An officer who has been removed as a member shall automatically be removed from office.


ARTICLE VII.
COMMITTEES

Section 1. Committee Formation
The President or board may create committees as needed, the current standing committee are: membership, finance, elections, intercoin, charity project, mining, development, security, fundraising, communications, and marketing.  The President appoints all committee chairs.

Section 2. Executive Committee
All officers may serve as members of the Executive Committee.  The Executive Committee shall have all the powers and authority of the board of directors in the intervals between meetings of the board of directors, and is subject to the direction and control of the full board.

Section 3. Finance Committee
Unless otherwise determined by the President or board, the treasurer shall be the chair of the Finance Committee.  The Finance Committee is responsible for developing and reviewing all fiscal procedures, and preparation of the budget. The board must approve the budget and all expenditures must be within budget.  Any major change in the budget must be approved by the board or the Executive Committee. The fiscal year shall be the period between annual meetings.  
Annual reports are required to be submitted to the membership showing income, expenditures, and pending income. The financial records of the organization shall be made available to the membership, officers, and board of directors.



ARTICLE VIII.
INDEMNIFICATION

Section 1. General
To the full extent authorized under law, the corporation shall indemnify any director, officer, employee, or agent, or former member, director, officer, employee, or agent of the corporation, or any person who may have served at the corporation’s request as a director or officer of another corporation (each of the foregoing members, directors, officers, employees, agents, and persons is referred to in this Article individually as an “indemnitee”), against expenses actually and necessarily incurred by such indemnitee in connection with the defense of any action, suit, or proceeding in which that indemnitee is made a party by reason of being or having been such member, director, officer, employee, or agent, except in relation to matters as to which that indemnitee shall have been adjudged in such action, suit, or proceeding to be liable for negligence or misconduct in the performance of a duty. The foregoing indemnification shall not be deemed exclusive of any other rights to which an indemnitee may be entitled under any bylaw, agreement, resolution of the Board of Directors, or otherwise.

Section 2. Expenses
Expenses incurred in defending a civil or criminal action, suit, or proceeding may be paid by the corporation in advance of the final disposition of such action, suit, or proceeding, if authorized by the Board of Directors, upon receipt of an undertaking by or on behalf of the indemnitee to repay such amount if it shall ultimately be determined that such indemnitee is not entitled to be indemnified hereunder.

Section 3. Insurance
The corporation may purchase and maintain insurance on behalf of any person who is or was a member, director, officer, employee, or agent against any liability asserted against such person and incurred by such person in any such capacity or arising out of such person’s status as such, whether or not the corporation would have the power or obligation to indemnify such person against such liability under this Article.







ARTICLE IX.
BOOKS AND RECORDS

The corporation shall keep complete books and records of account and minutes of the
proceedings of the Board of Directors.


ARTICLE X.
AMENDMENTS

Section 1. Bylaws
These Bylaws may only be amended at a special meeting of the membership called for that purpose or at the annual meeting at which the agenda notice’s the bylaw change.





ADOPTION OF BYLAWS

We, the undersigned, directors of this corporation consent to, and hereby do adopt the foregoing Bylaws of this corporation.


ADOPTED AND APPROVED by the Board of Directors on this 09th day of December, 2014.

Armis___________________________
Armis, President - The Einsteinium Foundation

Djnocide______________________________
ATTEST: Djnocide, Secretary - The Einsteinium Foundation





Footnote:

Excellent Armis!

I know the multiple pairs offer more trading opportunities.
We should thrive to improve the platforms and trading pairs, to incentivize people investing in altcoins as an speculative instrument first, or maybe even a hedge for the bitcoin volatility if we were to have a more or less regulated exchange rate or attractive interest rates.

As for Poloniex, I know for a fact some people in the Qora thread were complaning about problems with withdrawals but I haven't had issues with them the last time I used the site.

I recently opened (via above link) an account because I specifically wanted to have the opportunity to trade multiple cause-coins.  
As I was creating cause-coin orders I noticed the "Alternative Pairs" box.  In that box pairings are automatically generated
alphabetically for currencies where trade orders exist for the target currency.  

That does a couple things:

1)  provides an open invitation to specific inter-altcoin trading,
2)  provides a tiny billboard ad for EMC2,
3)  provides a shortcut to make a trade with the other currency,
4)  allows you to monitor inter-altcoin trading interest with specific coins


For all of the above reasons I not only placed orders at other cause-coins, but also at other coins that have content (stories, ads,
or listings) at Einsteinium.biz.  

BTW, when Cryptsy enabled XRP for paring with EMC2 it helped XRP tremendously and it also created some small opportunities for EMC2 as well.  
Before the Cryptsy deal XRP was just a curiosity, now it's a new opportunity -- I traded EMC2 for XRP many times.  That's how we have to position
EMC2 to other coins as a new trading opportunity among other things.  




On a totally different note, is Poloniex ok?   I ask because a few days ago I ordered a sizable withdrawal of EMC2 the order experienced problems, some days later I ordered another sizable withdrawal of EMC2 it too exp a problem, now I ordered a tiny withdrawal of EMC2 and yet again I get a problem.   I've been with Poloniex for many months and never put in a ticket, now in the past week, I put in 3 tickets, this is well out of the norm for my experience with Poloniex.  What is your recent experience?

Get your thinking caps on folks and dig out the change from those sofas, we have a project to fund.

To be continued ...

C-CEX has a referral system that pays "5% of our earning for each level of Your referrers, 3 levels deep maximum" 
The foundation referral link is: https://c-cex.com/?rf=D6082C665EB5FFE5

Please ask all EMC2 friendly sites Einsteinium.org, Einsteinium.biz, and emc2foundation.com to include the following on their sites:

https://c-cex.com/?rf=D6082C665EB5FFE5">http://c-cex.com/i/c-cex_banner_728x90.gif">

The bylaw election has reached a critical milestone that is wonderful, however please continue to encourage others to vote, the engagement is good for the community and allows others who are watching to be encouraged by our progress.    Now that the bylaws are approved the next step is the formation of committees. 


Einsteinium Committees

I am constantly reaching out beyond our community’s walls to introduce different people to Einsteinium.  Many times I invite them to bring some of their resources (skills, experiences, and expertise) to our community to better our coin.

I have found that committees are a great way for people with very diverse backgrounds to  share their resources for a common good.

Committees are created by the board and/or the President, made up of 3 to 5 members who often have academic and or professional experiences relevant to the committee’s field of interest.  Once appointed by the President a chairman will set the goals for his committee the set out to achieve them.

The EMC2 standing committees are: Charity Project, Communications, Development, Elections, Finance, Fundraising, Intercoin, Marketing, Membership, Mining, and Security.
If you are interested in sitting on a committee please PM your interest.

We are aggressively positioning EMC2 to be able to do more projects with LESS money by being more efficient, and involving more people.  Here’s an example of a major endeavor that if done properly will benefit all involved for a long while.

‘Mining A Good Education’ is a program that provides mining rigs to deserving schools to defray some school expenses.   A part of the program provides for the cryptocurrency training of  teachers so that they could teach their students how to mine, invest, build rigs, and write code.

Many different committees would be involved:
the Charity Project committee to find deserving schools,
a Vetting committee to make sure each school is a proper fit,
the Fundraising committee for crowdfunding campaigns,
the Communications committee to keep the media well informed,
the Marketing committee to tell everyone else to support our effort,
the Finance committee to oversee the finances.
and
the Mining committee for instruction.

Projects that seek crowdfunding through us will have responsible financial incentives associated with specific levels of campaign success.     

The Mining A Good Education program will benefit:
- schools with new academic subjects: mining, writing code, investing, and rig construction,
- schools to defray costs, 
- EMC2 with a source for mining,
- EMC2 in the fulfillment of our mission,
- EMC2 as we attract good attention to our cause,
- the public to know they are helping to educate students around the world

As mentioned earlier, the EMC2 standing committees are: Charity Project, Communications, Development, Elections, Finance, Fundraising, Intercoin, Marketing, Membership, Mining, and Security.   If you are interested in sitting on a committee please PM your interest.

EMC2 added to the voting list on Cryptopia : https://www.cryptopia.co.nz/Home/Voting

Not too late we still have 1 day of voting. 

Hope i'm not too late to vote! I support bylaws!

[[UPDATE]]


The bylaws require 11 votes to pass, here is the running vote count:

   1)  Armis
   2)  Varvarin
   3)  RJF
   4)  Guyinanutshell
   5)  Oldminer
   6)  neleonele
   7)  djnocide
   Cool  torpedo
   9)  matauc12
  10) Lovethecoins
=>11)  HKBvM
  12)  [edit] sashorx
  13)  
  14)  
=>15)  
  16)
  17)
  18)
  19)
=>20)


11 votes required to adopt measure
15 votes would be overwhelming adoption
20 votes would be high super-majority

I support the proposed bylaws.

From the rules sets at the beginning, no vote from members without a post on the thread prior to the vote announcement of the bylaws will be accepted.