The Hedera Council is ultimately responsible for hbar distribution and release. Hedera has certain contractual obligations to distribute hbars, some of which predate the formation of the multi-member Council (e.g., SAFTs; agreements to pay advisors and certain vendors in hbar; compensation agreements with employees). However, hbars may not be transferred out of the Hedera Treasury account and new types of allocations may not be made without the approval of a majority of Council members or, if delegated by the Council, the Board of Managers.
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Articles in this section
- Why did Hedera create a new role of President, and what does it mean that Brett McDowell is now the Chair and President?
- When will the payments be made from Hedera to Swirlds Labs, as part of the previously announced outsourcing agreement?
- Board Compensation at Hedera
- How would Hedera comply with a Government sanction?
- Can the Council freeze an account or roll back a transaction?
- Can Hedera pursue Central Bank Digital Currency Initiatives?
- Who serves on Hedera’s Board of Directors?
- How does Hedera address perceived or actual conflicts of interest between Hedera and individual Council members?
- How does the Council divide its governing responsibilities?
- How are Council members selected?
Related articles
- What is the schedule for coins to be released from Hedera’s Treasury?
- Who will hold the keys for Council members, and how will they be managed?
- How frequently will the Council members meet?
- Can the Council freeze an account or roll back a transaction?
- How was the hashgraph IP purchase price calculated?
