DAO Council

What is a Council?

The Franken DAO will be implementing a council to oversee and assist DAO members in the execution and implementation of proposals. This council will be made up of team members, large FrankenPunk holders, and highly-active community members. The council will be responsible for working with final stage proposers and project managers, and helping to set up the escrow gnosis-safes which are responsible for funding successful proposals.

There may be extreme cases where the DAO could be in harm by external forces, this council can step in to protect the DAO. In such cases the council has the ability to propose an emergency veto.

However, by no means should this emergency veto power be misconstrued as an independent executive power, they are there to ensure that in the DAO's infancy, no scammers, malicious attacks, or attempts for bad actors to take governance control can happen.

What is the Purpose of the Council?

  • Protect and spur growth within the DAO as it is started

  • Assist final stage proposers in earning funds from the DAO

  • Along with the project manager, ensure earned funds are being used properly

  • Release a quarterly report on the progress/state of the DAO

The purpose is to ensure that all aspects of the DAO operate efficiently.

How can you Serve on the Council?

The council will be made up of 9 spots.

  • 3 for the current team

  • 3 appointed members

  • 3 elected members

The team will select which members will represent the team on the DAO and then appoint 3 members to join the council. These can be community members or well-known figures in the NFT space who can add value to the Franken DAO. The elected members will be selected through a series of elections in the FrankenPunks Discord. The three members with the most votes at the end will serve on the council.

There will also be a "council president" who will be elected by the council themselves.

Terms will be by quarters (3 months).

Council meetings will happen every week and a docket list of the items talked about will be posted to the DAO members.

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