The Third Inspector General Election Has Begun!

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As some of you may already be aware, we are currently in the election period for the third elected Inspector General to Serve an 18 Month Term for the time of February 2021 through August 2022.

WAX token holders are able to participate in nominating IG candidates and voting via the OIG dashboard. Nominations must be accepted by the nominated account in order to proceed to the election ballot. Each voter can make one selection in the election. The account that is chosen as the winner will be the one that has the most WAX voting for it when the election period ends. That person will become the newly elected Inspector General and serve an 18 month interim.

Election Timeline

January 8th, 2021 0:00:00 UTC: Begin candidate nominations.
January 18th, 2021 0:00:00 UTC: End nominations, begin election period.
January 24th, 2021 23:59:59 UTC: Election period ends.
February 1st, 2021 00:00:00 UTC: Appointed IG replaced with Elected IG.

FAQ

What does it take to be an Inspector General?

The Inspector General role requires an understanding of the value that blockchain service providers (called Guilds for WAX) bring to the network, and how to measure that value using an evolving framework that the IGs continually work on. The role requires an understanding of how WAX Guilds operate, product development, business development, technical communications, and the ability to impartially rate and rank WAX Guild contributions in a team setting with other IGs.

IGs should be self-starters, as the committee is self-organized. They should care about bettering the WAX network, and be a known quantity in the WAX community. They should be fair and unaffiliated with any WAX Guilds. And they should have a knack for accuracy and paying attention to the fine details.

How much time commitment does being an Inspector General take?

It depends on a few factors; variable workload from month to month depending on new WAX Guild applicants, how much the framework has changed, and how much time the IGs are investing in work to improve the system. The role is intended to be full-time.

Where should I start if I want to apply to become an IG?

You can read the IG guide and explore the workspace that the existing IGs are using here. Also be sure to follow along in the WAX Guilds and WAX Network Governance groups on Telegram. To be considered for the role, you will need:

  1. To be nominated using a WAX account on the election portal.
  2. To accept the nomination and add your candidacy details using a WAX account.
  3. Then your candidacy will be included in the election ballot.

Existing WAX Guild members are strongly discouraged from applying, to maintain a separation between the OIG and those being rated, if Guild members decide to run anyway, they are asked to step down as Guild.

How much do elected IGs get paid?

The pay is $5000 USD worth of WAX at the end of each month, paid from eosio.saving.

Summary

The Office of Inspector General thanks you for your participation, be it as a voter, nominator, nominee, or Guild. Feedback and questions about this process can be directed to ig@wax.io. Thank you for your participation in this critical aspect of WAX Network governance!

Best Regards,

Your IGs

Written by

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

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