Community Fund Guidelines

The LSC Community Fund is independent of the LSC project but is held in trust and in good faith by the LSC at the control of the Mapogo. The purpose of this fund is to make community-driven investments with the aim of achieving maximum capital gain so as to return dividends to holders.

The LSC board in conjunction with the Mapogo will present a range of options to the community of holders for a vote to determine the path of the fund. The board will help determine options such as but not limited to:

Type of investments
Term of investments
Payout frequency
% of payout

The fund's primary guidelines.

To preserve and build on the original fund amount that was delivered from mint and thus to payout the returns earned during any given period at a maximum.
To not invest any more than a maximum 20% in any chosen investment so as to maintain a diverse range of investments.
To always have a minimum 10% of the fund's value in cro.
To invest only in assets and funds that can easily be liquidated or have a maximum term of 3 months.
The Mapogo with the support of the board may make investments at its discretion and without a community vote to a maximum of 10% of funds. The community must be informed of any such decisions in a timely manner.

PAYOUTS

The date of each payout will be determined by a community vote on options presented by the Mapogo under the advisement of the LSC board

On this date, a snapshot will be taken at a random time of LSC holders and all holders at this time will be paid 1/2500 or (0.0004%) of the total return for that period per LSC NFT they hold at this time on the predetermined date.

This list of holders and the time the snapshot was taken will be published and payouts will paid out in a timely manner after the snapshot.

These guidelines may be changed at any time at the discretion of the Mapogo but community interests will always be put first and any changes will be openly discussed with the community.

At times when a working board number cannot be formed for any reason the Mapogo will take on the responsibilities of the board in lieu of a timely election is organised.

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Last updated 2 years ago

PAYOUTS

The date of each payout will be determined by a community vote on options presented by the Mapogo under the advisement of the LSC board

This list of holders and the time the snapshot was taken will be published and payouts will paid out in a timely manner after the snapshot.

These guidelines may be changed at any time at the discretion of the Mapogo but community interests will always be put first and any changes will be openly discussed with the community.

At times when a working board number cannot be formed for any reason the Mapogo will take on the responsibilities of the board in lieu of a timely election is organised.