The Qoin Reserve is responsible to execute the Qoin Reserve Management Policy and the Qoin Incentive Management Policy
Reserve Management Policy, including:
Oversee the process of minting Qoin
Oversee the process of paying the nodes, sales agents and service providers as per policy or smart contract
Ascertain that the value of assets in the reserve meets the policy criteria
Invest reserve assets in low-risk assets while maintaining high liquidity, per policy
Allocate funds generated from returns on the reserve to fund the association activities, if needed and per an approved budget, and allocate all other such funds for distribution to nodes per Incentives Management Policy and Council decisions
Monitor the economic trajectory of the Qoin ecosystem and of Qoin as a currency on a continuous basis and provide reporting to the Council
Allow third-party liquidity providers to exchange Qoin for assets in the reserve, per policy
Propose to the Council changes in the Reserve Management Policy in extreme situations, such that a change may be necessary.
Qoin Incentive Management Policy:
To purchase Qoin for the purposes of incentivising stakeholders including association members, node operators, management, merchants and consumers
Oversee the distribution of incentives in the form of Qoin to qualifying new members per the incentives guidelines, and audit records as needed
Allocate funds to support the association’s activities, per approved budget
Provide monthly reports to the Council regarding the distribution of incentives
Propose to the Council changes in the Incentives Management Policy.
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