24 Apr 2023 [culture]

MAGIC Grants holds Monero Fund 'special election' to fill MajesticBank's seat

MAGIC Grants1 is holding a Monero Fund2 special election3 to appoint a new committee member to the seat4 of MajesticBank5, who was removed due to inactivity:

The MAGIC Grants board has decided to remove MajesticBank from the MAGIC Monero Fund due to inactivity. They attended the first committee meeting, but they have not attended of the weekly committee meetings since. The board decided that it was best to remove this inactive committee member, and to hold a special election to fill the vacant seat.

The elected committee member is expected to serve the remainder of MajesticBank’s term, until January 2025.

The election deadline is set to May 22nd. Read the full announcement3 to learn more about the process.

Consult previous Monero Observer reports67 to learn more about MAGIC.

This is an ongoing story and the report will be updated when new information is available.