Ownership & Corporate Structure

Purpose

HKEOS is a Block Producer (BP) committed to transparency, security protection, and gross community happiness (GCH). A detailed description of our Principles and Code of Conduct can be found here.

As part of our compliance responsibility to the EOS Constitution and Block Producer Agreement (also included beneath), we are disclosing the Ownership and Corporate Structure of HKEOS to the EOS voting public and humbly ask for your consideration. We encourage the community to contact us directly with any suggestions for improvement, feedback or questions.

We want to thank and acknowledge EOS New York for their BP stewardship and providing a disclosure example (found here) and all the other equally impressive BPs who continue to inspire us (EOS Sw/eden, eosDAC, EOS Rio, Sheos, EOS42, EOS Tribe, Blockmatrix, Libertyblock, EOS Cannon).

Disclosures

HKEOS is Malta private limited company formed and self-funded by an international team united by a common interest in EOSIO as a global platform for radical social change. Malta, the “Blockchain island”, was chosen because of its reputation among crypto legal experts as the leading jurisdiction for blockchain companies. HKEOS will continue to seek the legal entity jurisdiction and business structure that provides the most security protection for a Block Producer from regulatory risk, local laws, and other potential threats.

We are committed to using our BP reward earnings to support and accelerate impactful EOS DAPPs to maximize our contribution to the EOS community. We will continue to develop open source tools and infrastructure solutions that ensure a secure stable EOS chain in collaboration with talented BPs and EOS developers. Read more about HKEOS community projects here (and vote for which ones we should prioritize).

HKEOS has a hybrid infrastructure with nodes in Hong Kong, Singapore and Tokyo.

Ownership

Founder Name Ownership Interest
Sungjae Chung 33.3%
Devin Perera 33.3%
Hugo Campanella 33.3%

Vesting

Vesting will occur based on the following schedule:

  1. On and not before July 1st 2018– [25% ] of each Founder’s shares will vest
  2. On and not before the 1st of every month thereafter, [1/24TH] of the remaining [75%]will vest
  3. Thus, on August 1st 2020 (the "Full Vesting Date"), each Founder will be 100% vested.

Block Producer Agreement

As a Block Producer (BP), we as HKEOS promise to:

  1. Produce exactly the authorized number of blocks faithfully, accurately, at the appointed time in the rotation
  2. Never produce and sign two or more blocks with the same block height or block interval
  3. Never censor governance related transactions such as votes or Arbitration related transactions
  4. Only add "good" transactions from the transaction pool to the block
  5. Make a good faith effort to include as many "good" transactions as possible to the block without undue discrimination
  6. Exclude "bad" transactions from the block, and publish why they were excluded
  7. Show no favoritism among transactions, ordering them in a FIFO fashion or using some other ordering mechanism that is declared publicly in advance, including the default ordering provided by the unmodified software
  8. Refrain from using my/our superior information to "front run" transactions nor enabling anyone else to “front run”
  9. Accept as valid any Arbitrator’s order that’s
    1. signed by an Arbitrator
    2. that the chain shows was assigned to a Case,
    3. such that the order affects only the Accounts named in that Case, and
    4. the Arbitrator is in good standing with their Arbitration Forum, and
    5. the original Transaction that gave rise to the Case names that Arbitration Forum as the venue for dispute resolution
  10. Only freeze accounts when authorized to do so by a valid Arbitrator’s order
  11. Always file a dispute against myself/ourselves after taking initiative to act on an emergency
  12. Maintain at least four full (API) nodes synced with the EOS Mainnet, and public API and P2P endpoints.
  13. Not requesting my/our daily Vote Bonus pay on days when I/we don’t have the Minimum Configuration running, and repaying any Vote Bonus income collected while the Minimum Configuration wasn’t running
  14. Disclosing all ownership of my/our organization greater than 10%
  15. Not sharing more than 10% ownership with another BP