Nebulas Founder, Hitters Xu has been elected the chairman of the Nebulas Foundation Nebulas Follow Jul 10, 2019 · 2 min read

The election for the chairman of the Nebulas Foundation successfully concluded today. The election openly accepted registration from all and on July 10th, 2019, the application registration period ended. Hitters Xu, who founded Nebulas in 2017 was the only acceptable candidate who applied for the chairman position. Therefore, Hitters Xu has been elected as the chairman of the Nebulas Foundation.

The Nebulas Foundation will be fully responsible for the operation of Nebulas which include further engineering and development of the mainnet, the realization of Nebulas’ technological vision, promotion of market value, business cooperation and communication. The chairman will implement a campaign of ideas and proposals which include: creating a more open and transparent process, promoting community activity and autonomy, developing an improved DAO and improved token economics.

The proposed ideas include reorganization of the Nebulas Foundation, drafting the articles of operation for the Foundation, regular disclosure of financial assets, the multi-party signature for asset management as well as creating a more transparent and democratic decision-making process. In addition to these changes, the chairman will propose a vote to destroy the 35 million NAS community fund as well as funding activities such as promoting community-based collaboration and blockchain node operation campaign.

Nebulas will actively invest in the development and exploration of on-chain business opportunities, develop its own token economy, create a stronger demand for the NAS asset and further enhance the overall market value and influence of NAS.

For the detailed campaign proposal, please click here.