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KAVA $0.06784 down 0.56% Market cap $73.5M

Establish Kava Origin foundation

Proposal #135 on Kava

Overview

Updated

Passed

Voting ended
Apr 13, 2023
Opened Apr 6, 2023
Submitted
Apr 6, 2023
Apr 6, 22:26 UTC
Deposit
1,000 KAVA
Type
Text proposal

Votes

  • Yes 7.72M KAVA
  • No 2.19M KAVA
  • No with veto 870K KAVA
  • Abstain 37.8M KAVA

Description

Description

This proposal aims to establish a new independent Cayman Island foundation called Kava Origin. If this proposal passes Kava Origin will be responsible for stewarding the continued development and maintenance of the public and permissionless Kava blockchain. Kava Origin will be composed of the following roles:

  [*] Cobus Pietersen: Board Director
  [*] Glenn Kennedy: Supervisor
  [*] Leeward Management: Secretary and Registered Office

Kava Origin is an independent foundation responsible for stewarding development and innovation of the public and permissionless Kava blockchain; with an emphasis on initiatives such as scalability, security, consensus, decentralization, formal verification, and zero knowledge proofs.

Cobus Pietersen is a Cayman Islands based accredited director (Acc. Dir.) with 12 years experience in the financial services industry and 4 years with a focus on corporate governance. The director has extensive experience working with Cayman Islands foundation companies and DAO's and has advised a number of projects from incorporation to full operations.

Glenn Kennedy serves as an advisor to, and independent board member and supervisor of Cayman Islands foundations, funds, and their managers. In these roles, his focus is on corporate governance and legal and compliance matters, bringing over 20 years’ experience with formation, operations, regulatory and business law to his client boards.

Leeward Management’s secretarial personnel are drawn from legal backgrounds, with valuable experience gained in general counsel’s offices of public companies.

What it does

The message the chain carries out if it passes, as written in the proposal.

  1. Text proposal cosmos.gov.v1beta1
    {
        "@type": "/cosmos.gov.v1.MsgExecLegacyContent",
        "content": {
            "@type": "/cosmos.gov.v1beta1.TextProposal",
            "title": "Establish Kava Origin foundation",
            "description": "## Description\\n\\nThis proposal aims to establish a new independent Cayman Island foundation called Kava Origin. If this… (1,627 characters)"
        },
        "authority": "kava10d07y265gmmuvt4z0w9aw880jnsr700jxh8cq5"
    }

How validators voted

A validator's vote counts for its delegators unless they vote themselves. Largest stake first.

Voting ended before BitBasic started recording Kava votes on Oct 29, 2026, and the chain deletes votes when voting ends.