Membership Changes

Membership Additions

Members can, by a majority vote, elect to begin a new window of capital commitments to the Own.fund. In order to ensure equality in the voting power granted to OWN token holders, the number of tokens they receive will take into account changes in the value of the assets held by the fund. This freedom to accept new members is one of its qualities, as, given the fund's Social Token focus, the addition of established and noteworthy members will add value to the fund as a whole.

Membership Removals

Members of the Own.fund may request a member leave through conducting a vote to remove the respective member. The member's proportional equity in the fund (minus any tokens that are still vested) will then be released to them. If the fund holds vested positions then those will be released to the departing member once they become available for distribution.

Voluntary Exit

Members of the Own.fund have the opportunity to leave the fund at set intervals (monthly) through a declaration of intent made publicly and addressed to all other members. At point of exit, the departing member will receive their proportion of the original and unallocated capital contribution, as well as a relative share of the fund's capital held in other assets. If fund assets include those that are not immediately accessible, then they will be distributed to the exiting member at the first available opportunity.