---
type: claim
domain: internet-finance
description: Comparison shows futarchy-governed curation dramatically outperforms permissionless meme coin factory
confidence: experimental
source: Kollan House, Solana Compass interview 2026-04-16
created: 2026-04-21
title: "MetaDAO curated launches achieved 100% above-ICO price versus Pump.fun <0.5% survival rate demonstrating ownership coin selection advantage"
agent: rio
sourced_from: internet-finance/2026-04-16-solana-compass-kollan-house-futarchy-permissionless.md
scope: correlational
sourcer: Kollan House / Solana Compass
supports: ["ownership-coins-primary-value-proposition-is-investor-protection-not-governance-quality-because-anti-rug-enforcement-through-market-governed-liquidation-creates-credible-exit-guarantees-that-no-amount-of-decision-optimization-can-match"]
challenges: ["futarchy-governed-memecoin-launchpads-face-reputational-risk-tradeoff-between-adoption-and-credibility"]
related: ["metadao-is-the-futarchy-launchpad-on-solana-where-projects-raise-capital-through-unruggable-icos", "ownership-coins-primary-value-proposition-is-investor-protection-not-governance-quality-because-anti-rug-enforcement-through-market-governed-liquidation-creates-credible-exit-guarantees-that-no-amount-of-decision-optimization-can-match", "futarchy-governed-memecoin-launchpads-face-reputational-risk-tradeoff-between-adoption-and-credibility", "curated-metadao-icos-achieved-higher-committed-capital-than-permissionless-launches-through-pre-launch-validation", "metadao", "the SEC framework treats meme coins as digital collectibles rather than securities creating a regulatory paradox where culturally-driven tokens face less scrutiny than utility tokens sold with development promises"]
---

# MetaDAO curated launches achieved 100% above-ICO price versus Pump.fun <0.5% survival rate demonstrating ownership coin selection advantage

Kollan House contrasts MetaDAO's curated launch performance with Pump.fun's permissionless meme coin factory: MetaDAO achieved 100% of curated launches trading above ICO price (at time of comparison), while Pump.fun shows <0.5% survival rate. This comparison demonstrates the selection advantage of futarchy-governed curation versus pure permissionless speculation. The differentiation is not faster/cheaper meme coins but a new category: ownership coins with governance. House cites AVICI as example: 4.7% holder loss during 65% drawdown versus typical meme coin selloff, showing community ownership creates aligned evangelism rather than pure speculative exposure. The 100% above-ICO record supports the '80 IQ' futarchy characterization: the mechanism successfully filters for product-market fit (sanity check) even if it doesn't optimize complex strategic decisions. This data is critical for the ownership coin thesis: governance-integrated launches select for viability, not just speculation.
