---
type: entity
entity_type: company
name: "COAL"
domain: internet-finance
status: active
founded: 2024-08
website: ""
tracked_by: rio
created: 2026-03-11
key_metrics:
  launch_type: "fair launch"
  premine: "none"
  team_allocation: "none"
  base_emission_rate: "11,250 COAL/day"
  governance_platform: "futardio"
---

# COAL

## Overview
COAL is a community-driven cryptocurrency project that launched in August 2024 with a fair launch model—no pre-mine and no team allocation. The project uses futarchy governance through Futardio and operates on a proof-of-work mining model with daily emissions. The zero-allocation launch model creates sustainability questions around funding protocol development.

## Timeline
- **2024-08** — Fair launch with no pre-mine or team allocation
- **2024-12-05** — [[coal-establish-development-fund]] proposed: 4.2% emissions allocation for development fund
- **2024-12-08** — Development fund proposal failed, maintaining zero-allocation model

## Relationship to KB
- Example of [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — attempted to add issuance post-launch
- Uses [[futardio]] for governance decisions
- Tests whether fair-launch tokens can fund development without initial allocations
