From 0a3ef4aa9a2eca0615d6e35f69acaf16e46195fb Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Thu, 12 Mar 2026 07:20:05 +0000 Subject: [PATCH] rio: extract from 2024-06-05-futardio-proposal-fund-futuredaos-token-migrator.md - Source: inbox/archive/2024-06-05-futardio-proposal-fund-futuredaos-token-migrator.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio --- ...t platform for ownership coins at scale.md | 6 +++ ...turn when teams materially misrepresent.md | 6 +++ ...sing-and-conditional-success-thresholds.md | 34 ++++++++++++ ...ance-tokens-and-nft-liquidity-on-solana.md | 34 ++++++++++++ ...over-coordination-as-distinct-use-cases.md | 31 +++++++++++ entities/internet-finance/futardio.md | 2 + .../futuredao-fund-token-migrator.md | 53 +++++++++++++++++++ entities/internet-finance/futuredao.md | 31 +++++++++++ ...proposal-fund-futuredaos-token-migrator.md | 18 ++++++- 9 files changed, 214 insertions(+), 1 deletion(-) create mode 100644 domains/internet-finance/futuredao-token-migrator-enables-community-takeovers-through-structured-on-chain-migration-with-presale-fundraising-and-conditional-success-thresholds.md create mode 100644 domains/internet-finance/spl-404-enables-fungible-nft-swap-revenue-for-daos-by-bridging-governance-tokens-and-nft-liquidity-on-solana.md create mode 100644 domains/internet-finance/token-migration-tools-address-rug-pull-recovery-dead-project-revival-and-hostile-takeover-coordination-as-distinct-use-cases.md create mode 100644 entities/internet-finance/futuredao-fund-token-migrator.md create mode 100644 entities/internet-finance/futuredao.md diff --git a/domains/internet-finance/MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md b/domains/internet-finance/MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md index af4a788cc..0b6af1659 100644 --- a/domains/internet-finance/MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md +++ b/domains/internet-finance/MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md @@ -82,6 +82,12 @@ Futardio cult launch (2026-03-03 to 2026-03-04) demonstrates MetaDAO's platform (challenge) Areal's failed Futardio launch ($11,654 raised of $50K target, REFUNDING status) demonstrates that futarchy-governed fundraising does not guarantee capital formation success. The mechanism provides credible exit guarantees through market-governed liquidation and governance quality through conditional markets, but market participants still evaluate project fundamentals and team credibility. Futarchy reduces rug risk but does not eliminate market skepticism of unproven business models or early-stage teams. + +### Additional Evidence (extend) +*Source: [[2024-06-05-futardio-proposal-fund-futuredaos-token-migrator]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5* + +(extend) FutureDAO demonstrates MetaDAO ecosystem expansion beyond ICO launches into post-launch infrastructure. FutureDAO's token migrator proposal (passed 2024-06-08) shows futarchy-governed projects building complementary services: structured token migration tools for rugged/abandoned projects with presale fundraising, 60% success thresholds, and tiered fee structures (1-2% based on market cap). This extends MetaDAO's unruggable ICO value proposition into the post-launch lifecycle—communities can use futarchy-governed migration tools to recover from developer abandonment or coordinate hostile takeovers. FutureDAO itself raised through MetaDAO's platform and now provides infrastructure for other projects to restructure, creating a second-order network effect where futarchy-governed projects build tools for other token communities. The tool's presale threshold mechanism (>60% to succeed, full refund + token burn if failed) mirrors MetaDAO's liquidation enforcement pattern, suggesting a broader ecosystem pattern of conditional mechanisms across the project lifecycle. + --- Relevant Notes: diff --git a/domains/internet-finance/futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent.md b/domains/internet-finance/futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent.md index 1e6b7f591..ba1d102f6 100644 --- a/domains/internet-finance/futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent.md +++ b/domains/internet-finance/futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent.md @@ -52,6 +52,12 @@ Critically, the proposal nullifies a prior 90-day restriction on buybacks/liquid MycoRealms implements unruggable ICO structure with automatic refund mechanism: if $125,000 target not reached within 72 hours, full refunds execute automatically. Post-raise, team has zero direct treasury access — operates on $10,000 monthly allowance with all other expenditures requiring futarchy approval. This creates credible commitment: team cannot rug because they cannot access treasury directly, and investors can force liquidation through futarchy proposals if team materially misrepresents (e.g., fails to publish operational data to Arweave as promised, diverts funds from stated use). Transparency requirement (all invoices, expenses, harvest records, photos published to Arweave) creates verifiable baseline for detecting misrepresentation. + +### Additional Evidence (extend) +*Source: [[2024-06-05-futardio-proposal-fund-futuredaos-token-migrator]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5* + +(extend) FutureDAO's token migrator adds a complementary enforcement mechanism for post-launch governance failures: community-coordinated migration with conditional success thresholds. While futarchy-governed liquidation addresses team misrepresentation during the ICO phase, token migration addresses developer abandonment or rug pulls after launch. The migrator's 60% presale threshold creates a credible commitment device—migration only proceeds if sufficient community support materializes through capital commitment. If presale fails, all SOL is returned and new tokens are burned, structurally identical to liquidation's full treasury return mechanism. This suggests a broader pattern: futarchy-adjacent mechanisms (conditional markets for liquidation, conditional thresholds for migration) create credible enforcement across the project lifecycle, not just at launch. Both mechanisms share the key feature of making failure costly and reversible: liquidation forces treasury return, migration forces token burn, eliminating the ability for bad actors to extract value through failed transitions. + --- Relevant Notes: diff --git a/domains/internet-finance/futuredao-token-migrator-enables-community-takeovers-through-structured-on-chain-migration-with-presale-fundraising-and-conditional-success-thresholds.md b/domains/internet-finance/futuredao-token-migrator-enables-community-takeovers-through-structured-on-chain-migration-with-presale-fundraising-and-conditional-success-thresholds.md new file mode 100644 index 000000000..15b82407e --- /dev/null +++ b/domains/internet-finance/futuredao-token-migrator-enables-community-takeovers-through-structured-on-chain-migration-with-presale-fundraising-and-conditional-success-thresholds.md @@ -0,0 +1,34 @@ +--- +type: claim +domain: internet-finance +description: "FutureDAO's token migrator combines community takeover mechanics with presale fundraising and 60% success thresholds to enable structured transitions from rugged or abandoned projects" +confidence: experimental +source: "FutureDAO proposal on futard.io, 2024-06-05" +created: 2024-06-05 +--- + +# FutureDAO token migrator enables community takeovers through structured on-chain migration with presale fundraising and conditional success thresholds + +FutureDAO's token migrator implements a multi-phase migration process where communities can transition from abandoned tokens to new tokens through a structured protocol that combines fundraising with migration mechanics. The system sets launch parameters including migration date, presale raise amount, and treasury allocation, with maximum dilution rates tiered by market cap: 15% for projects under $1M FDMC (7.5% presale, 5.5% treasury, 2% DAO fee), 12% for under $5M FDMC, and 10% for under $20M FDMC. + +The migration succeeds only if the presale raises >60% of target, at which point old tokens are swapped for new tokens at 1:1 ratio, liquidity is reclaimed and redeployed, and unclaimed tokens go to a community multisig (not FutureDAO's). If the presale fails to reach 60%, all SOL is returned to participants, new tokens must be swapped back to old tokens, and all new tokens are burned. Non-migrating holders receive a 50% airdrop as compensation. + +This creates a coordination mechanism for communities to collectively decide whether to revive a project, with the presale threshold functioning as a credible commitment device—the migration only proceeds if sufficient community support materializes through capital commitment. The 60% threshold is the critical enforcement mechanism: it prevents migrations that lack genuine community consensus while the burn-on-failure rule eliminates the risk of speculative new token creation without community backing. + +## Evidence + +- FutureDAO proposal specifies tiered dilution caps: <$1M FDMC = 15% total dilution (2% to DAO), <$5M = 12% (1.5% to DAO), <$20M = 10% (1% to DAO) +- Migration requires >60% presale target to succeed; below that threshold triggers full refund and token burn +- Example projection: $MERTD with 1B tokens at $2M FDMC would mint 1.12B total (1B for holders, 60M presale, 45M treasury, 15M to Champions NFT DAO) +- Non-migrating holders receive 50% airdrop compensation +- Tool born from FutureDAO's own experience with $MERTD takeover after team "rugged" +- Proposal states: "If the presale fails to reach 60%, all SOL is returned to all participants" and "all $newTOKEN is burnt" + +## Relationship to Futarchy Governance + +This proposal was approved through futarchy governance on futard.io, demonstrating market-based validation of the token migrator concept as a viable infrastructure service. The tool itself does not use futarchy for individual migration decisions—those are determined by presale threshold achievement—but the decision to fund and build the tool was futarchy-governed, suggesting the MetaDAO ecosystem validates post-launch recovery infrastructure as a strategic priority. + +--- + +Topics: +- [[domains/internet-finance/_map]] diff --git a/domains/internet-finance/spl-404-enables-fungible-nft-swap-revenue-for-daos-by-bridging-governance-tokens-and-nft-liquidity-on-solana.md b/domains/internet-finance/spl-404-enables-fungible-nft-swap-revenue-for-daos-by-bridging-governance-tokens-and-nft-liquidity-on-solana.md new file mode 100644 index 000000000..9459ab6f2 --- /dev/null +++ b/domains/internet-finance/spl-404-enables-fungible-nft-swap-revenue-for-daos-by-bridging-governance-tokens-and-nft-liquidity-on-solana.md @@ -0,0 +1,34 @@ +--- +type: claim +domain: internet-finance +description: "SPL-404 token standard allows NFTs to be staked as fungible tokens enabling DAOs to distribute revenue to NFT holders through liquid token mechanisms" +confidence: experimental +source: "FutureDAO proposal on futard.io, 2024-06-05" +created: 2024-06-05 +--- + +# SPL-404 enables fungible-NFT swap revenue for DAOs by bridging governance tokens and NFT liquidity on Solana + +FutureDAO's token migrator uses SPL-404 token standard to enable Champions NFT holders to receive migration fee revenue by staking their NFTs within the "Future Protocol NFT Portal." The SPL-404 standard allows NFTs to function as fungible tokens when staked, creating a bridge between NFT ownership and liquid token-based revenue distribution. + +This architecture solves a coordination problem for NFT-based DAOs: how to distribute ongoing revenue to NFT holders without requiring individual airdrops or complex claim mechanisms. By making staked NFTs fungible, the protocol can treat them as standard token holders for revenue distribution purposes while preserving the NFT's non-fungible properties when unstaked. + +The proposal specifies that "to be eligible for rewards, the NFTs must be staked (SPL-404) within the Future Protocol NFT Portal," and that migration fees (1-2% of new token supply depending on market cap) are "delivered to the Champions NFT DAO over a 30 day period." This creates a continuous revenue stream to staked NFT holders rather than one-time distributions. The vesting mechanism (30-day delivery period) prevents sudden liquidity shocks while ensuring predictable revenue flow. + +## Evidence + +- FutureDAO proposal explicitly states: "to be eligible for rewards, the NFTs must be staked (SPL-404) within the Future Protocol NFT Portal" +- Fee structure: 2% for <$1M FDMC, 1.5% for <$5M, 1% for <$20M projects, all directed to Champions NFT holders +- Fees "delivered to the Champions NFT DAO over a 30 day period" as vested token inflation +- Example: $MERTD migration would deliver 15M tokens to Champions NFT DAO from 1.12B total new supply +- Proposal states: "FutureDAO does not benefit monetarily from these token migrations. All fees are directed to the Champions NFT holders." +- Vesting mechanism prevents one-time airdrops: fees are "delivered...over a 30 day period" rather than claimed immediately + +## Technical Mechanism + +SPL-404 appears to be Solana's implementation of the ERC-404 concept (fungible-NFT hybrids). When Champions NFTs are staked in the portal, they become fungible for revenue distribution purposes, allowing the protocol to treat the entire staked NFT pool as a single fungible token balance for fee distribution. This avoids the gas costs and complexity of individual NFT airdrops while maintaining NFT-based governance rights when unstaked. + +--- + +Topics: +- [[domains/internet-finance/_map]] diff --git a/domains/internet-finance/token-migration-tools-address-rug-pull-recovery-dead-project-revival-and-hostile-takeover-coordination-as-distinct-use-cases.md b/domains/internet-finance/token-migration-tools-address-rug-pull-recovery-dead-project-revival-and-hostile-takeover-coordination-as-distinct-use-cases.md new file mode 100644 index 000000000..5aaca4739 --- /dev/null +++ b/domains/internet-finance/token-migration-tools-address-rug-pull-recovery-dead-project-revival-and-hostile-takeover-coordination-as-distinct-use-cases.md @@ -0,0 +1,31 @@ +--- +type: claim +domain: internet-finance +description: "Token migration infrastructure serves multiple coordination problems beyond simple technical upgrades including community recovery from fraud and competitive project acquisition" +confidence: experimental +source: "FutureDAO proposal on futard.io, 2024-06-05" +created: 2024-06-05 +--- + +# Token migration tools address rug pull recovery, dead project revival, and hostile takeover coordination as distinct use cases + +FutureDAO's token migrator explicitly targets six distinct coordination problems that communities face: (1) rugged projects where developers exit scam but community value remains, (2) dead projects that ceased operations but retain community interest, (3) metadata changes for transparency and discoverability improvements, (4) fundraising to sustain promising projects, (5) token extensions to adopt new standards like Solana's latest token program, and (6) hostile takeovers enabling communities to assert control over failed project teams or acquire other projects. + +This taxonomy reveals that token migration is not primarily a technical upgrade mechanism but a coordination tool for communities to collectively respond to governance failures, developer abandonment, or strategic opportunities. The "hostile takeover" use case is particularly notable—it positions token migration as a mechanism for competitive dynamics between projects, not just recovery from failure. + +The tool's design reflects these varied use cases through its presale fundraising component (addressing the fundraising problem), its 60% threshold requirement (addressing coordination for hostile takeovers by requiring supermajority consensus), and its compensation mechanism for non-migrating holders (addressing fairness in contentious transitions where not all community members agree to migrate). + +## Evidence + +- FutureDAO proposal explicitly lists six use cases: "Rugged Projects: Preserve community and restore value in projects affected by rug pulls. Dead Projects: Revitalizing projects that have ceased operations, giving them a second life. Metadata Changes: Enhancing transparency, trust, and providence by optimizing metadata for better engagement and discoverability. Fundraising: Securing financial support to sustain and expand promising projects. Token Extensions: Allowing projects to re-launch in Solana's newest standard. Hostile Takeovers: Enabling projects to acquire other projects and empowering communities to assert control over failed project teams." +- Tool described as providing "a lifeline to communities seeking to reclaim, transform, or enhance their projects" +- Born from FutureDAO's own $MERTD takeover experience after team "rugged" +- "Future Champions" role created to identify, engage, and assist potential clients, suggesting active business development for migration services +- Champions incentivized through commissions in newly minted tokens from migrations they facilitate +- Proposal cites "at least 27 notable meme coin presales on Solana in the past 12 months" with "high abandonment (rugging) rates" as evidence of demand +- Financial projections assume 8 migrations in first year generating $270K in fees to Champions NFT holders (3 under $1M FDMC, 4 under $5M, 1 under $20M) + +--- + +Topics: +- [[domains/internet-finance/_map]] diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e1019..bce7fb7c0 100644 --- a/entities/internet-finance/futardio.md +++ b/entities/internet-finance/futardio.md @@ -46,6 +46,8 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless - **2026-03-07** — Areal DAO launch: $50K target, raised $11,654 (23.3%), REFUNDING status by 2026-03-08 — first documented failed futarchy-governed fundraise on platform - **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status +- **2024-06-05** — [[futuredao-fund-token-migrator]] proposed: FutureDAO requests $12K for token migration tool development +- **2024-06-08** — [[futuredao-fund-token-migrator]] passed: First FutureDAO governance decision approves migration tool budget ## Competitive Position - **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees - **vs pump.fun**: pump.fun is memecoin launch (zero accountability, pure speculation). Futardio is ownership coin launch (futarchy governance, treasury enforcement). Different categories despite both being "launch platforms." diff --git a/entities/internet-finance/futuredao-fund-token-migrator.md b/entities/internet-finance/futuredao-fund-token-migrator.md new file mode 100644 index 000000000..170c3eeb4 --- /dev/null +++ b/entities/internet-finance/futuredao-fund-token-migrator.md @@ -0,0 +1,53 @@ +--- +type: entity +entity_type: decision_market +name: "FutureDAO: Fund FutureDAO's Token Migrator" +domain: internet-finance +status: passed +parent_entity: "[[futuredao]]" +platform: futardio +proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz" +proposal_url: "https://www.futard.io/proposal/BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6" +proposal_date: 2024-06-05 +resolution_date: 2024-06-08 +category: "mechanism" +summary: "Approve $12K USDC budget for developing on-chain token migration tool enabling communities to transition from rugged or abandoned projects" +key_metrics: + budget_requested: "$12,000 USDC" + budget_allocation: + development: "$6,000 USDC" + security_audits: "$6,000 USDC" + projected_first_year_revenue: "$270,000" + projected_migrations_year_one: 8 +tracked_by: rio +created: 2026-03-11 +--- + +# FutureDAO: Fund FutureDAO's Token Migrator + +## Summary + +FutureDAO's first governance proposal requested $12,000 USDC to develop and audit an on-chain token migration tool. The tool enables communities to coordinate transitions from abandoned or rugged tokens to new tokens through a structured process combining presale fundraising with conditional success thresholds (60% presale target required). Migration fees (1-2% of new token supply based on market cap) flow to Champions NFT holders who stake through SPL-404 mechanism. + +## Market Data + +- **Outcome:** Passed +- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz +- **Budget:** $12,000 USDC ($6K development, $6K security audits) +- **Proposal account:** BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6 +- **DAO account:** ofvb3CPvEyRfD5az8PAqW6ATpPqVBeiB5zBnpPR5cgm + +## Significance + +This proposal demonstrates futarchy-governed infrastructure development for post-launch token lifecycle management. Unlike MetaDAO's focus on ICO launches, FutureDAO targets the coordination problem of community recovery from developer abandonment. The tool's design—presale fundraising, conditional success thresholds, tiered fee structures, and compensation for non-migrating holders—creates a structured alternative to informal community takeovers. + +The revenue model (fees to NFT holders, not the DAO treasury) and the SPL-404 staking mechanism for revenue distribution represent novel approaches to DAO monetization and NFT utility. + +Financial projections assume 8 migrations in year one generating $270K in fees, based on "at least 27 notable meme coin presales on Solana in the past 12 months" with "high abandonment (rugging) rates." + +## Relationship to KB + +- [[futuredao]] — parent entity (first governance decision) +- [[futardio]] — governance platform +- [[metadao]] — ecosystem parent +- Extends [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]] into post-launch infrastructure \ No newline at end of file diff --git a/entities/internet-finance/futuredao.md b/entities/internet-finance/futuredao.md new file mode 100644 index 000000000..2a71b2c2c --- /dev/null +++ b/entities/internet-finance/futuredao.md @@ -0,0 +1,31 @@ +--- +type: entity +entity_type: company +name: FutureDAO +domain: internet-finance +status: active +founded: 2024 +platform: Solana +parent_entity: "[[metadao]]" +key_metrics: + proposals_passed: 1 + total_budget_approved: "$12,000 USDC" +tracked_by: rio +created: 2026-03-11 +--- + +# FutureDAO + +FutureDAO is a market-governed decentralized organization powered by MetaDAO's futarchy infrastructure, building the Future Protocol to provide on-chain token migration tools for communities affected by developer abandonment, rug pulls, or governance failures. The organization positions itself as enabling communities to "safeguard and amplify value" through structured migration processes. + +## Timeline + +- **2024-06-05** — [[futuredao-fund-token-migrator]] proposed: $12K USDC budget for token migrator development and security audits +- **2024-06-08** — Token migrator proposal passed through futarchy governance + +## Relationship to KB + +- [[futardio]] — governance platform (FutureDAO is governed through MetaDAO's futarchy infrastructure) +- [[metadao]] — parent platform (FutureDAO launched through MetaDAO ecosystem) +- Demonstrates futarchy-governed project building post-launch infrastructure for token communities +- Champions NFT holders receive migration fee revenue through SPL-404 staking mechanism \ No newline at end of file diff --git a/inbox/archive/2024-06-05-futardio-proposal-fund-futuredaos-token-migrator.md b/inbox/archive/2024-06-05-futardio-proposal-fund-futuredaos-token-migrator.md index a25461486..35a9dfc83 100644 --- a/inbox/archive/2024-06-05-futardio-proposal-fund-futuredaos-token-migrator.md +++ b/inbox/archive/2024-06-05-futardio-proposal-fund-futuredaos-token-migrator.md @@ -6,9 +6,15 @@ url: "https://www.futard.io/proposal/BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY date: 2024-06-05 domain: internet-finance format: data -status: unprocessed +status: processed tags: [futardio, metadao, futarchy, solana, governance] event_type: proposal +processed_by: rio +processed_date: 2026-03-11 +claims_extracted: ["futuredao-token-migrator-enables-community-takeovers-through-structured-on-chain-migration-with-presale-fundraising-and-conditional-success-thresholds.md", "token-migration-tools-address-rug-pull-recovery-dead-project-revival-and-hostile-takeover-coordination-as-distinct-use-cases.md", "spl-404-enables-fungible-nft-swap-revenue-for-daos-by-bridging-governance-tokens-and-nft-liquidity-on-solana.md"] +enrichments_applied: ["MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md", "futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent.md"] +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "Source is a futarchy governance proposal that passed, creating both entity data (FutureDAO as new organization, decision_market for the proposal itself) and mechanism claims (token migration coordination, SPL-404 revenue distribution). The proposal reveals FutureDAO as a MetaDAO ecosystem project building post-launch infrastructure, extending the unruggable ICO concept into community recovery from rug pulls. Three novel claims extracted around migration mechanics, use case taxonomy, and SPL-404 NFT revenue distribution. Enrichments connect to existing MetaDAO and liquidation claims." --- ## Proposal Details @@ -166,3 +172,13 @@ For more detailed information, you can visit the [Future DAO Gitbook](https://fu - Autocrat version: 0.3 - Completed: 2024-06-08 - Ended: 2024-06-08 + + +## Key Facts +- FutureDAO token migrator proposal passed 2024-06-08 with $12K USDC budget +- Migration fee structure: 2% for <$1M FDMC, 1.5% for <$5M, 1% for <$20M +- Migration requires >60% presale success threshold; below triggers full refund and token burn +- Non-migrating holders receive 50% airdrop compensation +- Projected 8 migrations in year one generating $270K to Champions NFT holders +- At least 27 notable meme coin presales on Solana in past 12 months with high abandonment rates +- Champions NFT holders must stake via SPL-404 to receive migration fee revenue