Mon, Jun 7, 2021 2:01 PM
We are contributing a part of the effort to help scientists simulate folding proteins and dig for cures. Besides, the image of the ARK Ecosystem is also spread in the community of crypto lovers.
Mon, Jun 7, 2021 8:12 PM
The project is about 1 year from the start date. With the number of dozens of folding participants, the group's rankings are growing very well: 296 of 226175.
I propose to support the project of 2,600 ARK, enough for the project to run for 6 months without worrying about funds
Because of the good meaning the ArkFah project brings, I would love to approve this proposal, but I can't due to COI concerns. I hope other members of ACF will support this project. And, I hope the project will be long-term support!
Firstly I want to say that this is an admirable project and in other circumstances I would approve it. However, it is not appropriate to use ACF funds for this project while it is being run by a current member of the ACF board. Ultimately, if approved, funds would be transferred to a current board member which is a violation of Article V §1 COI, part 1 of the ACF bylaws (https://arkcommunity.fund/articles/acf-bylaws) as it does not satisfy the exceptions of that clause. The fact that Cam submitted this proposal neither satisfies nor circumvents the test in Article V §1 COI, part 2, which catches cases where submissions are made by "friends/family/co-workers/former colleagues, etc" as this is undoubtedly for the benefit of Tin's project and Cam is a friend and colleague of Tin.
When I applied for funds from the ACF to support my own project - Core Chameleon - I resigned as a board advisor before doing so in order to avoid any charge of impropriety, and to reiterate, I would support use of ACF funds for a project of this nature if there was no COI, but there is, so I can't.
Sat, Jun 19, 2021 11:12 AM
Having read the proposal and being a fah supporter in the past, it is an innovative way of rewarding people with Ark, whilst contributing compute power to support many good causes, mapping cancer markers in children, and more recently support data processing for Covid-19.
However, after reading the ACF bylaws, there isn't an allowance to make a one-off decision. The points Gym made around the COI's also confirms under the current bylaws that it would be difficult to approve this proposal.
Is there a non-board member that could/would take on the responsibility for the project, removing the COI's noted by others?
"Article VII - Amendments" states that amendments to the bylaws can be proposed, and if approved unanimously, the amendment is made/included. It might be a future consideration to include a one-off exception rule to the bylaws and that if a majority approves a project as a one-off exception with clear, justified reasoning, then a proposal of this type could be considered going forward.
It's sad as it's an admirable project.