The Axiom Foundation is a Foundation registered in the Isle of Man and operates in accordance with Isle of Man Privacy and Data Protection regulations. It was established by the ndau collective early on to protect the underlying principles of ndau.
The Axiom Foundation is responsible for holding the reserve of ndau (initially 30 million not including the 10 million for ecosystem alignment incentives or EAI purposes), issuing new minted ndau from its reserve of ndau as directed by the BPC DAO and receives funds/assets from the issuance of ndau which are held in its endowment. EAI are awarded to holders of ndau in line with monetary policy through the ndau protocol as guided by the BPC DAO.
The endowment is managed by up to three fund managers as directed by the Foundation. It is used primarily to support the monetary policies of ndau pursuant to a published, formulaic floor price for ndau or in general to mitigate currency attacks. A long term store of value that has an endowment of assets as part of its protection structure needs a council of managers that is maximally protected from illegitimate attacks that might endanger those assets through such methods as defamation, leverage and side influence against those managers. The anonymity of Axiom Foundation managers helps prevent such attacks.
The Axiom Foundation has contracted with Oneiro to facilitate and manage the functions and systems required for ndau and the BPC DAO. All new BPC DAO proposals can and should be debated rigorously in the BPC DAO Discord, however all new proposals submitted through the BPC DAO’s automated voting system are subject to review by the Axiom Foundation based on their legality, technical feasibility and adherence to ndau’s fundamental framework as outlined in the ndau whitepaper for the benefit of all ndau holders.