From 798c41eb8f053c03cc870f8ab80615d4b819c8f2 Mon Sep 17 00:00:00 2001 From: holmesworcester Date: Mon, 7 Dec 2020 15:37:09 -0500 Subject: [PATCH] Adds clarification on ZOMG's legal status --- index.md | 4 +++- 1 file changed, 3 insertions(+), 1 deletion(-) diff --git a/index.md b/index.md index 9e1b158..05c9659 100644 --- a/index.md +++ b/index.md @@ -21,7 +21,9 @@ ZOMG (Zcash Open Major Grants) exists to fund projects that advance the usabilit Formerly known as the Major Grants Review Committee, ZOMG was created by community members of the Zcash cryptocurrency in [ZIP 1014](https://zips.z.cash/zip-1014), working within the Zcash governance process. -ZOMG’s funds come from the decision in ZIP 1014 to allocate a portion of all newly created Zcash —over a four year period—to the ZOMG. +ZOMG’s funds come from the decision in ZIP 1014 to allocate a portion of all newly created Zcash —over a four year period—to the ZOMG. + +Legally speaking, ZOMG is a technology advisory board that constitutes a committee of the Zcash Foundation, under its [bylaws](https://www.zfnd.org/about/incorporation-docs/2020-12-01-bylaws-amendment-3/). Grants are chosen by a committee of [five members](https://forum.zcashcommunity.com/t/inaugural-post-in-mgrc-updates/37410) who were chosen by the [Zcash Community Advisory Panel](https://www.zfnd.org/governance/community-advisory-panel/) in an [open election](https://vote.heliosvoting.org/helios/elections/fd30d13c-e010-11ea-88f3-4a6a23563c24/view).