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    • What is the XNET Foundation?
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    • $XNET Token
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        • XNET Improvement Proposals
          • XIP-1
          • XIP-2
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          • XIP-8
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          • XIP-10
            • XIP-10 'Pause'
          • XIP-11
      • Rewards
      • Tokenomics
      • Staking
    • Xplore 📱
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  • Mission
  • Objectives
  • Scope of Work
  • Group Composition and Terms
  • Roles and Responsibilities
  • Operational Details
  • Governance Process
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Working Group

Assist and lead community initiatives, speak on behalf of the stakeholders and maintain a sustainable long-term emissions model for the XNET Mobile ecosystem.

PreviousXNET Foundation CharterNext$XNET Token

Last updated 27 days ago

Mission

The XNET Foundation Working Group is established to steward the long-term sustainability and growth of the XNET ecosystem. The group serves on behalf of the XNET community as a whole, formalizing and advocating for the community’s goals, and strives to achieve consensus among all parties as part of the governance process.

Objectives

The XNET Foundation Working Group mandate includes, but is not limited to:

  • Promoting decentralization and community governance

  • Evaluating and implementing strategies to enhance network security and prevent potential vulnerabilities.

  • Collaborating with the community to shape balanced and innovative tokenomics oversight, ensuring the ecosystem’s long-term sustainability.

  • Facilitating communication and collaboration between the XNET community of stakeholders and external partners, fostering partnerships and alliances that will contribute to the project's overall growth.

  • Conducting research and analysis to identify areas of improvement and innovation within the XNET ecosystem.

Scope of Work

During this iteration of the charter, the XNET Working Group shall receive community feedback and propose XIPSs for community voting on the following areas:

  • Token emissions structures

  • Inflation/deflation mechanisms

  • Staking system designs

  • Governance mechanisms

Group Composition and Terms

Initial Term (First 6 Months)

  • The Working Group (WG) starts with 3–5 volunteer (self-nominated) members.

  • They serve a 2-month trial period to confirm fit and commitment.

  • After the 2-month trial, the XNET Foundation confirms which members will continue for the remaining 4 months of this initial 6-month term.

  • If a member isn’t meeting expectations, they can be replaced during the trial period.

Subsequent Terms

  • At the end of the 6-month term, each member who wants to remain must have a majority approval from the current WG members.

  • If a member does not receive majority approval, that seat becomes vacant, and an election (or open nomination) is held to fill it.

Adding Members

  • The XNET Foundation can add members at any time, up to a maximum of 5 total, to fill unexpected vacancies or meet workload needs.

This structure provides a clear trial phase for new members, ensures that only contributing members remain after the initial term, and allows for periodic renewal or replacement to keep the WG effective.

Roles and Responsibilities

Positions

  • Chair - directs group's activities, schedules weekly meetings, and moderates discussions organizes weekly agenda

  • Scribe - takes notes at meetings and on agenda topics, summarizes discussions and assists with creating XNET docs

  • Discord/XIP Lead - manages interface with discord comments during meetings and posts updates before/after meetings; monitors discussion on the discord to bring feedback to the group. Stewards XIP development and implementation; ensures ongoing consistency between XIPs and XNET docs

  • Advisors - Experienced deployers adding valuable insights into processes performed by the WG council.

Operational Details

Time Commitment

The time commitment for the Working Group is expected to be between 15-20 hours per month. This includes both scheduled weekly meetings and asynchronous work items. At a minimum, members are expected to attend 75% of weekly meetings.

Compensation

As a gesture of gratitude and acknowledgement of work contributed, the members of the working group will receive a monthly gift of 5000 $XNET.

Reporting/Documentation

  • Maintain a weekly agenda for discussion topics

  • Record discussion during the weekly meeting(s), including comments from community members and action items assigned during discussion

  • Publish a weekly summary of progression, discussion and activities

Governance Process

XIP proposal submissions will be reviewed by the Working Group prior to releasing to the community to gauge sentiment. The final votes are cast by the Foundation Working Group members.

It is intended that the Working Group works and speaks on behalf of the community. As such, it is anticipated that a majority consensus of community sentiment in the form of thumbs up/down reaction shall not deviate materially from the final quorum voting of the working group. Disclaimer: The XNET Foundation Working Group operates independently of XNET Mobile Inc. Its members serve in an advisory capacity for the XNET ecosystem only and shall not be held responsible for any actions or decisions made by XNET Mobile Inc.