BBS Coin Foundation — About

Purpose

The BBS Coin Foundation exists to steward the BBS Coin ecosystem. It does not own the token, individual BBS communities, or user rewards. Its role is coordination, safety, and long‑term continuity.

Authority is exercised collectively through a multi‑signature wallet (Safe), not by individuals.

What the Foundation Is

• A steward, not an owner
• A gatekeeper for infrastructure, not culture
• A coordination layer between sysops and on‑chain contracts

Authority Model

• Foundation authority is defined entirely by a Safe multisig
• The Safe owns the Treasury contract
• The Treasury:
• Mints new tokens
• Deploys and funds Distributor contracts
• Registers distributors in the Registry

All actions are on‑chain and publicly auditable.

Membership

Foundation members are Safe signers.

Joining

• Existing signers approve adding a new signer
• Threshold may be adjusted if needed

Leaving

• Voluntary removal by signer request
• Removal executed by multisig approval

Expectations

• Review and approve transactions in a timely manner
• Act in the interest of the broader BBS ecosystem

Failure & Succession

Inactivity

• Multisig threshold ensures continuity even if a signer is inactive
• Long‑term inactivity may justify removal by consensus

Key Loss / Death

• No single key can block the system
• Inactive or compromised keys can be rotated out via multisig

Changing the Rules

• Thresholds and signer sets can be modified via Safe transactions
• No contract redeploys required

Limits of Power

The Foundation:
- Cannot alter past distributions
- Cannot confiscate user tokens
- Cannot override sysop reward logic

Future Evolution

Possible future paths include:
- Expanding signer set
- Introducing community representation
- Transitioning to DAO‑style governance

None of these are binding or scheduled.

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