[IDP1] DAO Treasury Multi-sig Signer Election

Background and Overview

With the launch of SPACE ID DAO, and the proposed governance rule on platform revenue:

• 50% of the total net revenue generated on the SPACE ID platform (including revenue from domain registrations, renewals, Gift Card purchases, and SPACE ID marketplace fees) will be added to the DAO Treasury, which will be held in stable coins, and governed by all eligible ID token holders.

• The remaining 50% of the total net revenue will be allocated for the purchase and burning of ID tokens.

To safeguard the funds in the DAO Treasury, a multi-sig account will be set up and a total of 6 multi-sig signers are to be elected via voting from ID token holders.

The Role & Responsibility of DAO Treasury Multi-sig Signers

• Represent the interests of ID token holders.
• Review community proposals that have reached a minimum of 50% passing votes from wallet addresses holding a total of at least 5,000,000 ID tokens (quorum).
• Approve the usage of funds from the DAO Treasury following community decisions and allocate them to the proper team for execution.

Any transaction requires at least 4 signatures out of 6.

A List of Shortlisted Candidates

From the community nominations received, please find in the forum post below for the list of 12 shortlisted eligible candidates and their applications. https://forum.space.id/t/dao-treasury-multi-sig-signer-nomination-summary/39116

The Vote

The vote will take place on Snapshot from June 7th, 10AM UTC to June 14th, 10 AM UTC. Voting method is «Weighted Voting» - voters can split their total voting power to vote for multiple candidates that they support. The top 6 candidates with the most votes will be elected as the DAO Treasury Multi-sig Signers.