Adopt Founder Constitution

Should we adopt the following as our first governance document as the Founders of EverydayDAO?

Who We Are: The Founders of EverydayDAO are a group who receives 10% of the voting tokens minted through the daily auction of EverydayDAO. As the original members of the DAO, we strive: - to be leaders in our community. - to be the primary onboarding vehicle into this organization. - to be helpful and generous in our actions towards each other and token holders in the new auction. - to participate in every governance decision of EverydayDAO

Membership: Membership consists of token holders from the Pixel Doods project. Tokens can be purchase on the secondary market through any marketplace, such as https://opensea.io/collection/pixel-doods and https://www.gem.xyz/collection/pixel-doods/.

Why Pixel Doods? Our original members migrated from that project. We are the first traditional PFP project that we know of that has transitioned to DAO governance in this way. We are attempting to create a model for other projects to help them achieve true decentralization and make the transition to more sustainable and impactful models of operation.

Treasury: The Founders will operate a separate treasury from the DAO. This treasury will receive royalties from the sale of Pixel Doods NFTs, be used to manage grants won by the Founders through various sources, and house the 10% Founders rewards from the EverydayDAO auction. These funds will be managed collectively by the Founders and administered by a 5 member Founder's Council using a 3/5 multisig wallet. The initial treasury will be rolled over from the Pixel Doods treasury and update the ENS to everydaydao.eth.

Founders Council: The Founder's Council will be an elected body of individuals who will administer the decisions of the Founders. Every 6 months, the Founders will take nominations for the Council and hold an election to select the 5 Council members. In the event of a tie, a runoff election will be held to decide the winner of the Council positions. The first election will be held in January 2022 prior to the launch of the DAO.

Voting: Voting will be held using Snapshot (https://snapshot.org/#/andrewladdusaw.eth) using a format of 1 token = 1 vote and no quorum requirement. All proposals will pass using a simple majority format.

Amendments: This document may be amended by administrators from time to time to update links and correct spelling and grammar mistakes. Amendments which alter governance or voting processes in any tangible way may only be changed by a proposal on Snapshot and the above voting process.