Moderator Elections will be held some time after the Beta launches. Why wait? Members need to earn some reputation first. How can we have elections without knowing a little more about the candidates - beyond what they tell you?
In Narrative, reputation is earned. In the case of moderator elections, the moderators themselves will earn a reputation, but also, the voters. Someone who is Conduct Negative in their reputation, loses their right to vote. As a reminder, the Conduct criteria for reputation is like a tripwire for helping to snag bots and other bad actors. We only want Conduct positive people voting in elections!