We want YOU…

To join the Office of Inspectors General!

Breathe crypto, earn WAX!

As most of you are hopefully aware, the nomination phase of the ongoing Election process for one of the Office of Inspectors General seats is in full swing. With a mere 24 hours to go, we want to highlight once more the perks and responsibilities of being an Inspector General.

Let’s start with an introduction to what an Inspector General on the WAX Blockchain is and does. The Office of Inspectors General was first introduced all the way back in 2019, but things have evolved since its initial inception.

Most notable changes:

  • The tenure was extended from 9 to 18 months.
  • The seat rotation was abandoned, with all IGs having an equal position.

These adjustments give the Office more stability and allow the IGs to better focus on advancing the OIG Governance Framework of the WAX Blockchain.
As the responsibilities and the scope of work have grown, holding an election and onboarding a new IG every 3 months was considered counterproductive.

While we encourage every suitable candidate to ‘run for office’ and the monthly pay of 75000 WAX definitely is intriguing, becoming an IG is not a decision to be taken lightly. 18 Months in Office are a great commitment.

As of now, the tasks the Office of Inspectors General has to cover include, but does not conclude with:

  • Publishing a monthly evaluation report covering all Guild Candidates
  • Improving and re-evaluating the OIG Evaluation Framework
  • Monitoring, testing, and reviewing all products submitted by Guilds
  • Technical proficiency in EOSio smart contracts or running WAX nodes. This is a requirement for the following criteria.
  • Mentoring and advising new Guilds on products and infrastructure
  • Coordinating and supervising the continuous development of the WAX Blockchain in cooperation with the WAX Team, both in technical and governance aspects.
  • Coordinating proposed changes to Chain and/or Governance with the Guild roster.
  • Reviewing and supervising WAX Labs projects
  • Preparing and editing educational content

As you can see, the requirements an IG has to fulfill are versatile. Feel free to check the Inspector General Onboarding Guide on Notion. While some knowledge can be acquired ‘on the job’, and the IGs usually complement each others skillset, a certain level of understanding and experience in technical aspects and blockchain governance is essential, while working proactively and independently being an absolute must. The currently required monthly dedication amounts to 100 to 140 hours. It is to note that the workload can change drastically with an increasing token price.

On a more personal level, an IG needs to stay objective, level-headed, and express oneself clearly and act de-escalating even under pressure or while being attacked personally.

Election requirements:

  • IG candidates must not run or be directly affiliated with any active Guild Candidates to prevent conflicts of interest.
  • For the election to proceed to the voting stage, at least two Nominees need to have been found.
  • For an election to be considered successful, a certain threshold of voting participation needs to be met. (currently defined as 15M Votes)
  • With the winning candidate receiving at least 8M WAX of votes.

If any of these criteria are not met, the election process is repeated until a clear outcome has been determined.

Join the race: oig.wax.io

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A watchdog committee that publishes monthly reports recognizing the value WAX Guilds are creating for the WAX ecosystem.

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Office of Inspector General

Office of Inspector General

A watchdog committee that publishes monthly reports recognizing the value WAX Guilds are creating for the WAX ecosystem.

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