Foundation Governance Principles

(1) Integration of Centralized Governance and Distributed Architecture: Although there have always been arguments that blockchain is an autonomous community system with "decentralization" or "distribution" as the core, we believe that complete decentralization may bring absolute "fairness" or more "inefficiency". Therefore, the foundation will still absorb certain core ideas of centralized governance in the management structure, including the highest decision-making authority of the strategic decision-making committee, and the centralized deliberation power of major matters and more to improve the efficiency of the entire community operation.

(2) Risk-oriented Governance Principles: In the process of researching and determining the strategic development and decision making of foundations and projects, risk management will be set as the first important element. As a computer technology with significant transformative significance, blockchain is still in its infancy. Thus, it is particularly important to grasp its development direction.

"Risk management is the first principle", which ensures that when making important decisions, the foundation will fully take into account risk factors, risk events, the possibility and consequences. The foundation will formulate corresponding response strategies to ensure that the development and iteration of X METAVERSE PRO are on the right path.

(3) Technology Coexists with Business : X METAVERSE PRO adheres to the purpose of closely integrating technology and application to promote the application of more innovative models in the global metaverse market. The establishment of the foundation also follows this purpose. Even if the foundation exists in the form of a non-profit organization, the foundation hopes to gain the recognition of the business world as much as possible. It hopes to win the benefits of commercial applications, and give back to the foundation and the community at the same time to promote further the development and upgrade of the Foundation and X METAVERSE PRO.

(4) Transparency and Supervision: Referring to the governance experience of the traditional business world, the Foundation also plans to set up a special supervision and reporting channel. The designated personnel in the strategic decision-making committee serve as the window, and community participants are welcome to participate in the management and the supervision of operations, as well as quickly and confidentially reporting "discovered matters".

These matters include, but are not limited to: new breakthroughs or proposals that have a significant impact on the foundation or blockchain technology, issues with community operations, crisis information, cheating or fraud, etc. The Foundation will publish a unified information collection window while ensuring the privacy protection of reporter information. At the same time, the foundation also discloses and reports the operation of the foundation and the progress of the project business to all parties involved in the community through regular reports and irregular news releases.

The crypto industry supports the X METAVERSE PRO Foundation with exclusive support from the Multicoin Capital investment fund, including AVA Labs, Spartan Group, DeFiance Capital, SCB10X, Jason Choi, Darryl Wang, Luigi (Avalanche), AlphaLab Capital, as well as SIG, 1kx, Band Protocol.

Our partners: Amazon Web Services and Terraform Labs provide technical and infrastructure support.