Commitment to Telos
Telos Governance
Reax Finance solemnly declares to uphold and abide by democratically agreed-upon governing rules and procedures as described in the Telos Governance Documents. We will not comply with any requests that are forbidden by these governance rules and procedures.
Political and Operational Independence
Reax-BP will maintain full political and operational independence at all times. We will not directly manage or operate more than one block-producing node within any singular EOS.IO blockchain.
Arbitration Decisions
Reax Finance will abide by, follow, and enforce all arbitration decisions that are enacted, without delay, in accordance with the Telos Blockchain Network Arbitration Rules and Procedures. We will abstain from publishing opinions on active arbitration.
Commitment to Token-Holders
Reax Finance commits to maintaining an ongoing dialogue with the community wherever conversations are being held, regardless of the size of the stake or the number of tokens held. We commit to listening, understanding, and achieving consensus with the token-holder community.
High Network Performance
We will operate effectively and efficiently in accordance with the Telos Blockchain Network Operating Agreement and meet or exceed Telos Block Producer Minimum Requirements. We will always prioritize investing back into the required network infrastructure and people to enable the Telos Blockchain Network to perform at the highest level and scale effectively.
Cooperation
Reax Finance will welcome all opportunities to cooperate with other global Block Producers, regardless of geographic location, that do not compromise our financial, political, or operational independence. We believe that cooperation is healthy for the whole ecosystem and allows for the completion of tasks larger than ourselves, including, but not limited to, coordinating software upgrades, properly diversifying network infrastructure across wide geopolitical regions, and always listening to the community’s voice.
Honesty, Integrity, and Ethics
As a Block Producer, Reax Finance will always act with honesty, integrity, and apply the highest ethical standards in all aspects of our conduct. This includes abiding by all aspects of the governance and arbitration processes and never engaging in vote-buying.
Financial Independence
Reax-BP is 100% self-funded, owned, and operated. We will maintain full financial independence at all times. This includes no operational control by any outside investors and no ownership stake held by any individual or entity that holds vested interests in other Telos Block Producers or the publishers of the EOS.IO software, block.one.
Transparency
Reax Finance will provide transparency into our operating team, ownership, and financials. We will always fully disclose all blockchain networks we support and participate in along with any dapp partnerships and collaborations. Our team will be transparent to each community and will always seek to exceed ongoing community transparency requirements as they evolve.