Establishment of Finance Committee

Background:

• As all sales proceeds of Gabby World NFTs are deposited into the DAO Treasury, a Finance Committee needs to be set up within the DAO to run the DAO Treasury

Proposed composition of the Committee:

• Total members: 5
• Permanent members: 2 (Dr_Daoist and Super_Goji)
• Non-permanent members: 3

Proposed quota for fund disposal:

• 1 permanent member's approval + 2 non-permanent members' approvals

Eligibility:

• Gabby Council members (i.e. Masterpiece holders)

Selection criteria:

• Demonstrated understanding of Gabby World's vision and mission
• Demonstrated knowledge in financial markets
• Demonstrated time commitment to weekly review

Proposed term:

• A standard term is 1 year
• However a re-election can be initiated at any time once it receives 3 members' approvals

Proposed actions & timeline:

• Nomination: 7-13 Sep 2023 (UTC+0 00:00:00)
• Voting: 14-15 Sep 2023 (UTC+0 00:00:00)