rio: extract from 2024-12-05-futardio-proposal-establish-development-fund.md

- Source: inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 5)

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---
type: entity
entity_type: decision_market
name: "COAL: Establish Development Fund?"
domain: internet-finance
status: failed
parent_entity: "coal"
platform: "futardio"
proposer: "AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r"
proposal_url: "https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U"
proposal_date: 2024-12-05
resolution_date: 2024-12-08
category: "treasury"
summary: "Proposal to allocate 4.2% of mining emissions to a development fund for protocol development, community rewards, and marketing"
tracked_by: rio
created: 2026-03-11
---
# COAL: Establish Development Fund?
## Summary
Proposal to establish a development fund through a 4.2% emissions allocation (472.5 COAL/day) to support protocol development, reward community contributions, and enable marketing initiatives. The allocation would increase total supply growth by 4.2% rather than reducing mining rewards. Failed after 3-day voting period.
## Market Data
- **Outcome:** Failed
- **Proposer:** AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r
- **Proposal Account:** DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U
- **DAO Account:** 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
- **Duration:** 2024-12-05 to 2024-12-08 (3 days)
- **Autocrat Version:** 0.3
## Proposal Details
- **Allocation Rate:** 4.2% of current mining emission rate
- **Daily Amount:** 472.5 COAL (from 11,250 base rate)
- **Distribution:** Weekly claims to DAO-managed multisig
- **Transparency:** Public tracking of all expenditures
- **Impact on Miners:** No reduction in mining rewards; increases total supply growth by 4.2%
## Significance
This proposal represents a critical governance decision for COAL's transition from pure fair-launch model to sustainable development funding. The failure indicates community preference for maintaining the original zero-allocation tokenomics despite the project's stated need for development resources. The rejection suggests either:
1. Strong miner resistance to any dilution of their share
2. Lack of trust in DAO treasury management
3. Preference for alternative funding mechanisms
The 4.2% rate was designed to avoid reducing mining rewards, but the proposal still failed, suggesting the community values supply scarcity over development funding.
## Context
COAL launched in August 2024 as a fair-launch project with no pre-mine or team allocation. This proposal was the first attempt to establish ongoing development funding through emissions rather than one-time treasury actions.
## Relationship to KB
- [[futardio]] - governance platform
- [[MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window]] - mechanism used

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---
type: entity
entity_type: company
name: "COAL"
domain: internet-finance
status: active
tracked_by: rio
created: 2026-03-11
---
# COAL
## Overview
COAL is a fair-launch cryptocurrency project on Solana that launched in August 2024 with no pre-mine or team allocation. The project uses futarchy governance through Futardio for protocol decisions and operates with a mining-based token distribution model.
## Timeline
- **2024-08** — Fair launch with zero 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 pure fair-launch tokenomics
## Relationship to KB
- [[futardio]] - governance platform
- [[MetaDAO]] - futarchy infrastructure provider

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@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7
date: 2024-12-05 date: 2024-12-05
domain: internet-finance domain: internet-finance
format: data format: data
status: unprocessed status: processed
tags: [futardio, metadao, futarchy, solana, governance] tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal event_type: proposal
processed_by: rio
processed_date: 2026-03-11
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Factual governance proposal data. Created decision_market entity for the proposal and parent entity for COAL project. No extractable claims - this is pure event data documenting a failed treasury allocation vote. The proposal's failure is significant for understanding community preferences around fair-launch tokenomics vs development funding, but doesn't contain novel mechanism insights or arguable propositions beyond the documented outcome."
--- ---
## Proposal Details ## Proposal Details
@ -71,3 +75,11 @@ If the emission rate were adjusted to 10,000 \$COAL/day:
- Autocrat version: 0.3 - Autocrat version: 0.3
- Completed: 2024-12-08 - Completed: 2024-12-08
- Ended: 2024-12-08 - Ended: 2024-12-08
## Key Facts
- COAL launched August 2024 as fair-launch project with no pre-mine
- Development fund proposal: 4.2% emissions allocation = 472.5 COAL/day
- Proposal failed 2024-12-08 after 3-day voting period
- Current mining emission rate: 11,250 COAL/day
- DAO account: 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG