{"id":550511,"date":"2023-02-10T23:00:00","date_gmt":"2023-02-10T20:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/secretdao-votes-to-restructure-foundation-after-public-spat-between-organizations\/"},"modified":"2023-02-10T23:00:00","modified_gmt":"2023-02-10T20:00:00","slug":"secretdao-votes-to-restructure-foundation-after-public-spat-between-organizations","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/secretdao-votes-to-restructure-foundation-after-public-spat-between-organizations\/","title":{"rendered":"# SecretDAO votes to restructure foundation after public spat between organizations"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a389adf79a85\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a389adf79a85\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/secretdao-votes-to-restructure-foundation-after-public-spat-between-organizations\/#%E2%80%9D_SecretDAO_votes_to_restructure_foundation_after_public_spat_between_organizations_%E2%80%9C\" >&#8221; SecretDAO votes to restructure foundation after public spat between organizations &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_SecretDAO_votes_to_restructure_foundation_after_public_spat_between_organizations_%E2%80%9C\"><\/span>&#8221; SecretDAO votes to restructure foundation after public spat between organizations &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvMmY2NGFkOTctZmZhZC00YmZiLTgwMzgtNmRiMGZlYmIzNGZmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4bbf85c5>The decentralized autonomous organization that governs privacy-focused blockchain Secret Network has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/secretnodes.com\/proposals\/129\">voted<\/a> to restructure its foundation as a nonprofit with a \u201ctransparent operation,\u201d according to the proposal\u2019s official page.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Congrats to the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/SecretNetwork?src=hash&amp;ref_src=twsrc%5Etfw\">#SecretNetwork<\/a> community! The Secret Foundation has been restructured as an NPO, with a community-elected board &amp; amendments requested by the founder.  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash&amp;ref_src=twsrc%5Etfw\">#blockchain<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw\">#cryptocurrency<\/a><\/p>\n<p>\u2014 Krypton AI (@KryptonAi) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/KryptonAi\/status\/1624076978608390152?ref_src=twsrc%5Etfw\">February 10, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The proposal states that the new foundation \u201cwill be registered as an NPO [nonprofit organization] and provide an annual account of its activities, including key performance indicators (KPIs), budgets, and goals.\u201d The foundation will be run by a board made up of three or more community members. No single organization will be allowed to hold more than two seats on the board, according to the proposal.<\/p>\n<p>It passed with 90.13% of the vote. 9.87% of the DAO abstained from the vote, and no members voted against the proposal.<\/p>\n<p>The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval came after a public feud broke out between SCRT Labs and Secret Foundation, two separate organizations supporting Secret Network. On Jan. 14, SCRT Labs CEO Guy Zyskind <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forum.scrt.network\/t\/an-update-and-disclosure-concerning-secret-foundations-financial-transparency\/6762\">accused<\/a>\u00a0Secret Foundation CEO Tor Bair of cashing out SCRT tokens as a dividend paid out to himself and not disclosing the transaction. <\/p>\n<p>Bair <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forum.scrt.network\/t\/secret-foundation-update-and-disclosure\/6763\">denied<\/a> the allegation, claiming that the dividends were part of his regular salary and were disclosed as required. Even so, Bair agreed that the foundation needed to be more transparent, stating:<\/p>\n<blockquote><p>\u201cI have communicated privately and publicly on multiple occasions about my desire to be a part of that change, which could include restructuring the Foundation entity, more closely supporting Secret Agency, establishing a global board, or other next steps. We firmly support this path and wish to work in close coordination with other network actors.\u201d<\/p><\/blockquote>\n<p>Despite Bair\u2019s public support for a restructuring plan, one major validator of the Secret Network announced on Jan. 30 that it was shutting down due to \u201crecent events\u201d and other issues.<\/p>\n<p>The restructuring proposal was created on Feb. 2. Voting began im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely and continued for seven days. According to the proposal, the DAO intends to have the new Secret Foundation up and running within 90 days o passage.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/secretdao-votes-to-restructure-foundation-after-public-spat-between-organizations\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; SecretDAO votes to restructure foundation after public spat between organizations &#8220; The decentralized autonomous organization that governs privacy-focused blockchain Secret Network has voted to restructure its foundation as a nonprofit with a \u201ctransparent operation,\u201d according to the proposal\u2019s official page. Congrats to the #SecretNetwork community! The Secret Foundation has been restructured as an NPO,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":550512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/2f64ad97-ffad-4bfb-8038-6db0febb34ff.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[15047,74894,117,55229],"class_list":["post-550511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-privacy","tag-blockchain","tag-business","tag-law"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/550511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=550511"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/550511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/550512"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=550511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=550511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=550511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}