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Merge pull request EOSIO#125 from enumivo/staging
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update constitution
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Enumivo authored May 17, 2018
2 parents 1da0efb + b87b914 commit 1b485cf
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8 changes: 4 additions & 4 deletions governance/constitution.md
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Expand Up @@ -7,9 +7,9 @@ Each Member agrees to resolve disputes through the blockchain’s default arbitr
# Article IV
No Member shall offer nor accept anything of value in exchange for a vote of any type, including for Block Producer candidates, Amendments or Worker Proposals, nor shall any Member unduly influence the vote of another.
# Article V
This EOS Blockchain has no owner, manager or fiduciary. It is governed exclusively under the terms of this Constitution.
This Enumivo Blockchain has no owner, manager or fiduciary. It is governed exclusively under the terms of this Constitution.
# Article VI
No Member nor any Beneficial Interest shall own more than 10% of issued tokens.
No Member nor any Beneficial Interest shall own more than 20% of issued tokens.
# Article VII
Each Member agrees that penalties for violations may include, but are not limited to, fines, account freezing, and reversal of transactions.
# Article VIII
Expand All @@ -30,8 +30,8 @@ As Developers are able to offer services and provide interaction with the blockc
# Article XIV
This Constitution creates no positive rights for or between any Members.
# Article XV
All disputes arising from this Constitution or its related governing documents shall be resolved using the EOS Core Arbitration Forum.
All disputes arising from this Constitution or its related governing documents shall be resolved using the Enumivo Core Arbitration Forum.
# Article XVI
This Constitution and its subordinate documents the Block Producer Agreement and Arbitrator Agreement shall not be amended except by a vote of the Token Holders with no less than 15% vote participation among eligible tokens and no fewer than 10% more Yes than No vote power, sustained for 30 continuous days within a 120 day period.
# Article XVII
Choice of law for disputes shall be, in order of precedence, this Constitution, the Maxims of Equity, and the laws of Malta.
Choice of law for disputes shall be, in order of precedence, this Constitution, and the Maxims of Equity.

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