Kekobank is crypto’s first legacy financial institution
We bring the speed, transparency, accountability and reliability of banks, public organizations and regulators to crypto.
How is the Board of Directors Elected.
The Board of Director's composition is based on the amount of $KEKOs that each individual owns at a specific moment in time. Kekobank will take snapshots in publicly disclosed dates that will determine the configuration of the Board according to individual holdings.
This approach, which can be described as "monetary merits," ensures that the members of the Board have a vested interest in the bank's success and aligns their personal financial interests with those of the institution.
The composition of the Board is updated through "tenures". Tenures are periods of time (with a duration yet to be defined) during which a $KEKO owner holds a position. Board positions are delivered in the form of NFTs. Positions are therefore transferable. Board Members can choose to keep, switch, trade, give away or burn their positions as they for the duration of their tenure.
Can we trust Kekobank?