MetaTex Bi Laws
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There are several different roles on the Board of Directors. Only one seat is allowed on the board of directors per person. (not per wallet) Our board structure is designed to ensure a balanced distribution of voting influence among our members.
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This structure ensures that chairmen have the highest voting influence, followed by senior board members, junior board members, and advisors.
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Depending on the level of seniority on the board, that member will be allotted a certain number of MetaTex Token used as voting tokens. Release date of tokens is yet to be determined.
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Meetings will be held in Discord to steer the future of MetaTex.
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In order to be a member of the Board of Directors, players must initially be a member of MetaTex Corp in MegaWorld.
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Anyone can own a Board of Directors NFT; however only active corporation members who also are NFT holders receive voting privileges.
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Standing members of the board have the right to vote for the removal of board members who are not contributing to the community.
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NFTs can be acquired by making a contribution to the MetaTex Corporation valued at the NFT sale value. This can be in Materials, land value, native tokens or MEGA. The contribution will be banked and used for future development of MetaTex.
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Board of Directors will receive bi-yearly Rewards based on the overall account value in MEGA and native cryptocurrencies.
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While players can hold more than one NFT, they can only receive profit sharing for one of their NFTs; the highest ranking one.
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If a member of the board is voted off for not following community guidelines, This member has a right to hold on to their NFT or sell it, however they may be removed from the corporation, therefore disqualifying them from receiving profit sharing or voting privileges.
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The board has the right to vote to dissolve itself and liquidate all assets and/or evenly distribute assets to all board members
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MetaTex will post bi-weekly account news and values for full transparency.
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Since profits are being shared, this corporation considers all board members as legal partners attached to their wallet address. partners are expected to:
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Attend monthly board meetings
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Vote on board appointed matters
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contribute content to the MetaTex Discord
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share and contribute content to X(formerly Twitter)
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Help promote MetaTex in the Megaworld community and help guide new players within MetaTex
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Corporation membership fees are not included in MetaTex Board of Directors MEGA Sharing