---
type: source
source_type: telegram
title: "Telegram: @m3taversal — futairdbot-what-do-ownership-coins-do"
author: "@m3taversal"
url: ""
date: 2026-04-02
domain: internet-finance
format: conversation
status: processed
processed_by: rio
processed_date: 2026-04-15
priority: high
intake_tier: directed
rationale: "what do ownership coins do?"
proposed_by: "@m3taversal"
tags: [telegram, ownership-community]
extraction_model: "anthropic/claude-sonnet-4.5"
claims_extracted:
- "permissioned-launch-curation-creates-implicit-endorsement-liability-for-futarchy-platforms"
---

## Conversation

**@m3taversal:**
@FutAIrdBot what do ownership coins do?

**Rio (response):**
Ownership coins are tokens where the treasury is governed by futarchy instead of token voting. The practical difference is huge.

In a normal DAO, your governance token only matters if you have majority. Minority holders have zero enforceable rights. The majority can drain the treasury and there's nothing you can do about it. It's basically trust-based.

Ownership coins fix this through conditional markets. If someone proposes something that destroys value, the market prices that in, and dissenters get bought out through the pass market mechanism. You don't need to trust the majority to not rug you because the market structure makes rugging economically irrational.

Proph3t's framing is that the number one selling point isn't better governance decisions, it's anti-rug. The investor protection angle. Ranger getting liquidated through market-governed mechanisms was the proof event for this.

The other piece worth knowing: treasuries in ownership coins aren't meant to sit there like war chests. The market cap to treasury ratio signals whether the project should be buying back tokens or selling more. Buybacks and token sales are features of healthy ownership coins, not red flags.

Every project launched through MetaDAO's futarchy infrastructure (META, Avici, Umbra, OMFG, etc.) qualifies as an ownership coin. It's not just META.

CONFIDENCE: 0.9

## Agent Notes
**Why archived:** Tagged exchange in ownership community.
**Rationale from contributor:** what do ownership coins do?
**Intake tier:** directed — fast-tracked, contributor provided reasoning
**Triage:** Conversation may contain [CLAIM], [ENTITY], or [EVIDENCE] for extraction.
