Joint Treasury Management Mechanics
Introduction
This document contains the general principles of Minto Treasury management. It includes approaches and recommendations to ensure responsible and effective management of Minto resources.
Roles and responsibilities
Objective: To determine who will manage the Treasury, what their powers and responsibilities are.
An Investment Committee is being formed to manage Minto Treasury.
The Investment Committee comprises 5 members who are elected by voting.
Each Investment Committee member holds one of the 5 private keys as a multiple signature from the Minto Treasury. The initial board of the Investment Committee is formed from the current key holders according to the Whitepaper.
Any Minto holder can nominate their own or someone else's candidacy to the Investment Committee, subject to the minimum requirements.
The main responsibilities of the Investment Committee members are:
Defining a long- and short-term investment strategy
Treasury funds management according to agreed investment strategies
Budget preparation and approval
Monitoring budget implementation
Reports preparation and publication
Treasury management rules
Objective: To develop rules for Treasury funds management, conditions for funds allocation, criteria for investments.
The Investment Committee forms and submits investment strategies to Minto holders for approval. A long-term strategy is formed for a period of at least 1 calendar year, a short-term strategy is formed on a monthly or quarterly basis.
If it is necessary to make adjustments to the strategy, the Investment Committee initiates a new vote, justifying the need to make the proposed adjustments.
Investment decisions require the mandatory approval of a simple majority of the Investment Committee.
With regard to the long-term and short-term strategies agreed upon by Minto holders, the Investment Committee comes forward with a plan for the distribution of Treasury funds on a monthly basis, no later than 7 working days after the beginning of the next month.
The threshold for making decisions on funds allocation is a simple majority (more than 50% of the votes) for one of the selected options in the voting.
If the vote is not approved by a simple majority, the funds received during the previous period remain in the Treasury, and the vote is considered completed.
Transparency and accountability
Objective: To develop a reporting system that provides full transparency of Minto Treasury funds management for all interested parties, including, e.g., regular reports, audits, and the implementation of blockchain tools for tracking transactions.
To ensure transparency and accountability, a reporting system is being formed as part of Minto Treasury management activities, consisting of the following documents:
Detailed information on financial, product and blockchain indicators will be published on the project statistics page app.minto.finance/stats for Minto holders, and on the minto.finance/stats page, accessible to everybody
The detailed information will contain:
Monthly, quarterly, and annual reports on company performance
The history of transactions on mined BTC and their subsequent distribution with links to sources in the blockchain
Up-to-date information on the current Treasury balances, the history of Treasury operations
Up-to-date information on Minto community votes
Audit reports
Communication
Objective: To develop mechanisms for receiving feedback from Minto holders and making changes to the management mechanics.
Any community member and a Minto holder can put forward an initiative for voting using the “Initiatives” section in the Voting section on the Minto website (this section will be implemented).
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