---
type: source
title: "Futardio: Create Spot Market for META?"
author: "futard.io"
url: "https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b"
date: 2024-01-12
domain: internet-finance
format: data
status: entity-data
tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal
---

## Proposal Details
- Project: MetaDAO
- Proposal: Create Spot Market for META?
- Status: Passed
- Created: 2024-01-12
- URL: https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b
- Description: initiate the creation of a spot market for $META tokens, allowing broader public access to the token and establishing liquidity.

## Summary

### 🎯 Key Points  
The proposal aims to create a spot market for \$META tokens, establish liquidity through a token sale at a price based on the TWAP of the last passing proposal, and allocate raised funds to support ongoing Meta-DAO initiatives.

### 📊 Impact Analysis  
#### 👥 Stakeholder Impact  
Stakeholders, including token holders and participants in the market, will gain broader access to \$META tokens and improved liquidity.

#### 📈 Upside Potential  
Successfully launching the spot market could enhance the visibility and trading volume of \$META tokens, benefiting the overall Meta-DAO ecosystem.

#### 📉 Risk Factors  
If the proposal fails, the Meta-DAO will be unable to raise funds until March 12, 2024, potentially hindering its operational capabilities.

## Content

### **Overview**

The purpose of this proposal is to initiate the creation of a spot market for \$META tokens, allowing broader public access to the token and establishing liquidity. The proposed market will be funded through the sale of \$META tokens, and the pricing structure will be determined based on the Time-Weighted Average Price (TWAP) of the proposal that passes. The funds raised will be utilized to support the Meta-DAO's ongoing initiatives and operations.

### **Key Components**

#### **Token Sale Structure:**
- The initial token sale will involve the Meta-DAO selling \$META tokens to the public. Anyone can participate.
- The sale price per \$META token will be set at the TWAP of the last passing proposal.
- In case of this proposal failing, the sale will not proceed and Meta-DAO can't raise from public markets till 12 March 2024.
#### **Liquidity Pool Creation:**
- A liquidity pool (LP) will be established to support the spot market.
- Funding for the LP will come from the token sale, with approximately $35,000 allocated for this purpose.
#### **Token Sale Details:**
- Hard cap: 75,000usd
- Sale Price: TWAP of this passing proposal
- Sale Quantity: Hard cap / Sale Price
- Spot Market Opening Price: To be determined, potentially higher than the initial public sale price.
#### **Liquidity Pool Allocation:**
- LP Token Pairing: \$META tokens from treasury paired with approximately \$35,000usd.
- Any additional funds raised beyond the LP allocation will be reserved for operational funding in \$SOL tokens.

### **Next Steps**
1. If approved, initiate the token sale using the most convenient methodology to maximize the event. Proceed with the creation of the SMETA spot market.
2. In case of failure, Meta-DAO will be unable to raise funds until March 12, 2024.

### **Conclusion**
This proposal aims to enhance the Meta-DAO ecosystem experience by introducing a spot market for \$META tokens.
The proposal invites futards to actively participate in shaping the future of the \$META token.

## Raw Data

- Proposal account: `9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b`
- Proposal number: 3
- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
- Autocrat version: 0.1
- Completed: 2024-01-18
- Ended: 2024-01-18
