---
type: claim
claim_id: futarchy-enables-conditional-ownership-coins
title: Futarchy enables conditional ownership coins with liquidation rights
description: MetaDAO's Futardio platform demonstrates that futarchy governance can structure tokens as conditional ownership with built-in liquidation mechanisms, creating a new primitive for internet-native capital formation.
confidence: likely
tags: [futarchy, token-design, governance, ownership, liquidation-rights]
created: 2026-02-15

### Additional Evidence (extend)
*Source: [[2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol]] | Added: 2026-03-15*

COAL's Meta-PoW demonstrates ownership coin mechanics applied to in-game economies: the proposal passed futarchy governance (proposal G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg, completed 2025-11-10) and establishes a treasury accumulation mechanism where ORE flows are proportional to active player engagement, creating a direct link between usage and treasury value.

---

# Futarchy enables conditional ownership coins with liquidation rights

MetaDAO's Futardio platform has introduced a token structure where holders receive conditional ownership tokens that can be liquidated through futarchy governance mechanisms. This represents a departure from traditional token models by embedding governance-controlled exit rights directly into the asset structure.

## Mechanism

Conditional ownership coins on Futardio:
- Grant proportional ownership of raised capital
- Include futarchy-governed liquidation triggers
- Allow token holders to vote on project continuation vs. liquidation
- Distribute remaining capital pro-rata upon liquidation

## Evidence

- **Ranger launch** (2025-12): First implementation, $75K raised
- **Solomon launch** (2026-01): $90K raised with explicit liquidation rights
- **Myco Realms launch** (2026-02): $125K raised, demonstrated mechanism at larger scale
- **Futardio Cult launch** (2026-03): $11.4M raised with 22,706% oversubscription; while this is consistent with market confidence in futarchy-governed liquidation rights extending beyond traditional venture scenarios, the single data point and novelty premium make this interpretation uncertain

## Implications

- Creates investor protection mechanism for internet-native fundraising
- Reduces information asymmetry between project creators and funders
- May enable capital formation for projects that would struggle with traditional venture structures
- Provides governance-based alternative to regulatory investor protection

## Challenges

- Limited track record of actual liquidation events
- Unclear how liquidation votes perform under adversarial conditions
- Regulatory treatment of conditional ownership tokens uncertain
- Scalability to larger capital amounts untested beyond the Futardio Cult launch

## Related Claims

- [[futarchy-governance-mechanisms]]
- [[internet-capital-markets-compress-fundraising-timelines]]
- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]]