diff --git a/inbox/archive/2024-01-12-futardio-proposal-create-spot-market-for-meta.md b/inbox/archive/2024-01-12-futardio-proposal-create-spot-market-for-meta.md new file mode 100644 index 00000000..b4a702ca --- /dev/null +++ b/inbox/archive/2024-01-12-futardio-proposal-create-spot-market-for-meta.md @@ -0,0 +1,77 @@ +--- +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: unprocessed +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