The objective of this proposal is to elect the first prime member of the Advisory Committee.

As you may be aware, the Advisory Committee oversees the approval or rejection of advised markets and has been instrumental in establishing a substantial majority of the markets on the mainnet. Additionally, the Committee regulates registrars and eliminates markets that grossly violate our community and market creation guidelines. The latter function might be replaced in the future with a less aggressive approach to enforcing proper conduct among market creators. All these responsibilities are carried out through Substrate's proposal system.

One of the Committee's long-term objectives is to achieve sufficient decentralization by incorporating community members. A step towards this goal was taken in https://github.com/zeitgeistpm/zeitgeist/pull/975, which modified the Committee's thresholds for approving or rejecting markets. Specifically, starting from version 0.3.9, a single vote will no longer suffice to approve a market.

However, as thresholds and membership numbers increase, abstentions become an issue. The prime member's role offers a straightforward solution. At the conclusion of a proposal's duration, all abstentions are delegated to the prime member.

The current advisors have conducted an internal vote for their prime member using on-chain remarks:

- https://zeitgeist.subscan.io/extrinsic/2627483-3
- https://zeitgeist.subscan.io/extrinsic/2677163-3
- https://zeitgeist.subscan.io/extrinsic/2715281-3

This proposal aims to subject this decision to public scrutiny.

With a proven track record of supporting 68 networks in the Polkadot/Kusama ecosystems, OnFinality aims to provide a basic RPC API service for all 38 Polkadot parachains. The proposal seeks to address the divide between well-funded parachains and struggling newcomers by ensuring universal access to reliable, performant, and SLA-supported RPC API endpoints. OnFinality suggests an immediate solution until a long-term infrastructure bounty is established, emphasizing the importance of supporting all parachains to foster network growth and developer adoption.

Organize and execute the Hackathon in Shangai,China.

 Set the balances of a given account.

 This will alter `FreeBalance` and `ReservedBalance` in storage. it will
 also decrease the total issuance of the system (`TotalIssuance`).
 If the new free or reserved balance is below the existential deposit,
 it will reset the account nonce (`frame_system::AccountNonce`).

 The dispatch origin for this call is `root`.

 # <weight>
 - Independent of the arguments.
 - Contains a limited number of reads and writes.
 # </weight>

Problem Statement:
- The problem is the need to elect the first prime member of the Advisory Committee to achieve decentralization and address the issue of abstentions in decision-making.

Significance:
- The Advisory Committee plays a crucial role in approving or rejecting advised markets and regulating registrars.
- The proposal system in Substrate is used for carrying out the Committee's responsibilities.
- The Committee aims to achieve decentralization by incorporating community members.

Proposed Solution:
- The proposal suggests electing a prime member who will receive all abstentions at the conclusion of a proposal's duration.

Expected Outcomes:
- Increased decentralization and community involvement in decision-making processes.
- Addressing the issue of abstentions by delegating them to the prime member.

#45 Elect first prime member of the Advisory Committee - public proposal #13