SYBZ To protect investors on the CoinConnectPro platform, the CoinConnectPro team has joined forces with the top global community to establish an investorProtection Fund. In order to avoid incidents that violate the SYBZ design philosophy the Foundation will help manage the general matters and privileges of the community project by developing good governance structures and systems. The establishment of the foundation is modeled on the operation of traditional entities and various functional committees will be set up,including strategic decision-making committee, technical review committee, compensation and nomination committee, and public relations committee.
The Strategic Decision-making Committee is the highest decision-making body of the Foundation. lts primary objective is to discuss and resolve important decisions in the development of the community, including but not limited to:CoinConnectPro will transparently list the purpose of the funds raised in the ICO to ensure that investors are aware of our plans to use the funds. Here are thekey aspects of how our funds will be used:
- Technology development: We will invest funds in the technology development of the platform, including trading engine, security upgrades,user interface improvements, etc., to provide a high quality trading experience.
- Marketing:A portion of the funds will be used for marketing activitie sincluding social media outreach, advertising, promotional activities and brand building to attract more users and investors.
- Compliance: We will actively comply with regulatory requirements andKYC/AML regulations, and invest to ensure that our platform operates within the legal framework.
- Reserves: A portion of the funds raised will be used to establish reserves to ensure the sustainability of the platform and to deal with futureun certainties.
- Operations and team support: The funds will be used to support the team'soperating costs, personnel compensation and office equipment, among other things, to ensure the smooth operation of the platform.
CoinConnectPro's financial planning will consist primarily of the followingareas:Members of the Strategic decision-making Committee and the Foundation chair serve two-year terms, and the foundation chair cannot serve more than two consecutive terms. After the completion of the term of the decision-making committee, the community will vote for the community representatives based on the consensus of the next generation CCN, and then select the core personnel of the decision-making committee. The selected core personnel will make important and urgent decisions on behalf of CoinConnectPro, and will be subject to creditinvestigation during their tenure, and disclose their salary.
The above important matters shall be voted on by the Decision-makingCommittee by secret ballot. Each member of the decision-making Committee shall have one vote and the Chairman of the Foundation shall have two votes. Decisions made by the Decision-making Committee must be approved by a majority of all the members of the Committee in office.
In addition, the head of the Executive shall convene an AD hoc meeting of theDecision-making Committee within 5 working days under any of the following circumstances:
- When deemed necessary by the Secretary-General of the Foundation;
- when more than one-third of the members of the decision committee join tlypropose;
Decision-making committee meetings should be attended by committeemembers themselves. lf he is unable to attend for any reason, he may entrust inwriting another member of the committee to attend on his behalf. lf he fails toappoint a representative, he shall be deemed to have waived his right to vote at themeeting.
The Foundation will also set up a project review committee composed ofwell-known institutions and professionals. A number of functional departmentsunder the committee will review the listing procedures, codes, white papers, legacompliance and finance of projects applying for listing. At the same time, anauthoritative third-party rating agency is introduced to independently reviewlisting projects. For the review of all aspects of the listing transaction of the projectthe foundation introduces internationally renowned third-party authorities to participate in the review to ensure that the review results are true, objectivereasonable and credible. In this way, users' investment safety and income securityare guaranteed
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