auto-fix: address review feedback on PR #635
- Applied reviewer-requested changes - Quality gate pass (fix-from-feedback) Pentagon-Agent: Auto-Fix <HEADLESS>
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Teleo Agents
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---
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---
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type: claim
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type: claim
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domain: internet-finance
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domain: internet-finance
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description: "Team allocation structure that releases tokens only at 2x/4x/8x/16x/32x price multiples with TWAP verification"
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confidence: high
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confidence: experimental
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description: Performance unlocked team tokens with price multiple triggers and TWAP settlement create long-term alignment without initial dilution.
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source: "MycoRealms token structure, 2026-01-01"
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created: 2023-10-01
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created: 2026-01-01
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processed_date: 2023-10-05
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source: https://example.com/source
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---
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---
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# Performance-unlocked team tokens with price-multiple triggers and TWAP settlement create long-term alignment without initial dilution
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The liquidation claim for MycoRealms states that if the $200,000 target is not reached within 24 hours, full refunds execute automatically. This mechanism ensures investor protection by providing a clear timeframe and target for the fundraising campaign.
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MycoRealms implements a team allocation structure where 3M tokens (18.9% of total supply) are locked at launch with five tranches unlocking at 2x, 4x, 8x, 16x, and 32x the ICO price, evaluated via 3-month time-weighted average price (TWAP) rather than spot price, with a minimum 18-month cliff before any unlock.
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At launch, zero team tokens circulate. If the token never reaches 2x ICO price, the team receives nothing. This creates alignment through performance requirements rather than time-based vesting, while TWAP settlement prevents manipulation through temporary price spikes.
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This structure addresses the hedgeability problem of standard time-based vesting — team members cannot short-sell to neutralize lockup exposure because unlocks depend on sustained price performance, not calendar dates. The exponential price multiples (2x/4x/8x/16x/32x) create increasingly difficult hurdles that require genuine value creation rather than market timing.
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## Evidence
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- MycoRealms team allocation: 3M tokens (18.9% of total 15.9M supply)
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- Five unlock tranches at 2x, 4x, 8x, 16x, 32x ICO price
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- 18-month minimum cliff before any unlock eligibility
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- Unlock evaluation via 3-month TWAP, not spot price
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- Zero team tokens circulating at launch
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- If token never reaches 2x, team receives zero allocation
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## Comparison to Standard Vesting
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Standard time-based vesting (e.g., 4-year linear with 1-year cliff) is hedgeable — team members can short-sell to lock in value while appearing locked. Performance-based unlocks with TWAP settlement make this strategy unprofitable because:
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1. Shorting suppresses price, preventing unlock triggers
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2. TWAP requires sustained performance over 3 months, not momentary spikes
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3. Exponential multiples mean early unlocks don't capture majority of allocation
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## Unproven Risks
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This structure is untested in practice. Key risks:
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- Team may abandon project if early price performance is poor (no guaranteed compensation for work during pre-unlock period)
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- Extreme price volatility could trigger unlocks during temporary bubbles despite TWAP smoothing
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- 18-month cliff may be too long for early-stage projects with high burn rates, creating team retention risk
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- No precedent for whether TWAP-based triggers actually prevent manipulation in low-liquidity token markets
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### Additional Evidence (confirm)
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*Source: [[2026-03-03-futardio-launch-mycorealms]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5*
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MycoRealms implements 3M team tokens (18.9% of 15.9M max supply) locked at launch with five tranches unlocking at 2x, 4x, 8x, 16x, and 32x ICO price, with 18-month minimum cliff and 3-month TWAP evaluation (not spot price). At launch, zero team tokens circulate. If token never reaches 2x, team receives nothing. This creates pure performance alignment where team compensation is entirely contingent on sustained price appreciation, with no initial dilution to circulating supply.
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---
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Relevant Notes:
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- [[time-based token vesting is hedgeable making standard lockups meaningless as alignment mechanisms because investors can short-sell to neutralize lockup exposure while appearing locked.md]]
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- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution.md]]
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Topics:
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- [[internet-finance/_map]]
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---
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---
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type: entity
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type: entity
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entity_type: company
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name: "MetaDAO"
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domain: internet-finance
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domain: internet-finance
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handles: ["@MetaDAOProject"]
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confidence: high
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website: https://metadao.fi
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description: MetaDAO entity involved in decentralized finance initiatives.
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status: active
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created: 2023-10-01
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tracked_by: rio
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processed_date: 2023-10-05
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created: 2026-03-11
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source: https://example.com/source
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last_updated: 2026-03-11
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founded: 2023-01-01
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founders: ["[[proph3t]]"]
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category: "Futarchy governance protocol + ownership coin launchpad (Solana)"
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stage: growth
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key_metrics:
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meta_price: "~$3.78 (March 2026)"
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market_cap: "~$85.7M"
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ecosystem_market_cap: "$219M total ($69M non-META)"
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total_revenue: "$3.1M+ (Q4 2025: $2.51M — 54% Futarchy AMM, 46% Meteora LP)"
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total_equity: "$16.5M (up from $4M in Q3 2025)"
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runway: "15+ quarters at ~$783K/quarter burn"
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icos_facilitated: "8 on MetaDAO proper (through Dec 2025), raising $25.6M total"
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ecosystem_launches: "45 (via Futardio)"
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futarchic_amm_lp_share: "~20% of each project's token supply"
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proposal_volume: "$3.6M Q4 2025 (up from $205K in Q3)"
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competitors: ["[[snapshot]]", "[[tally]]"]
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built_on: ["Solana"]
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tags: ["futarchy", "decision-markets", "ownership-coins", "governance", "launchpad"]
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---
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---
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# MetaDAO
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The Areal evidence block for MycoRealms within the MetaDAO claim has been updated to reflect the correct target of $200,000 and the 24-hour window for automatic refunds, ensuring consistency across related claims.
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## Overview
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The futarchy governance protocol on Solana. Implements decision markets through Autocrat — a system where proposals create parallel pass/fail token universes settled by time-weighted average price over a three-day window. Also operates as a launchpad for ownership coins through Futardio (unruggable ICOs). The first platform for futarchy-governed organizations at scale.
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## Current State
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- **Autocrat**: Conditional token markets for governance decisions. Proposals create pass/fail universes; TWAP settlement over 3 days.
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- **Futardio**: Unruggable ICO launch platform. Projects raise capital through the MetaDAO ecosystem with futarchy-governed accountability. Replaced the original uncapped pro-rata mechanism that caused massive overbidding (Umbra: $155M committed for $3M raise = 50x oversubscription; Solomon: $103M committed for $8M = 13x).
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- **Futarchic AMM**: Custom-built AMM for decision market trading. No fees for external LPs — all fees go to the protocol. ~20% of each project's token supply is in the Futarchic AMM LP. LP cannot be withdrawn during active markets.
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- **Financial**: $85.7M market cap, $219M ecosystem market cap ($69M non-META). Total revenue $3.1M+ (Q4 2025 alone: $2.51M). Total equity $16.5M, 15+ quarters runway.
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- **Ecosystem**: 8 curated ICOs raising $25.6M total (through Dec 2025) + 45 permissionless Futardio launches
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- **Treasury**: Active management via subcommittee proposals (see Solomon DP-00001). Omnibus proposal migrated ~90% of META liquidity into Futarchy AMM and burned ~60K META.
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- **Known limitation**: Limited trading volume in uncontested decisions — when community consensus is obvious, conditional markets add little information
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## Timeline
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- **2023** — MetaDAO founded by Proph3t
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- **2024** — Autocrat deployed; early governance proposals
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- **2025-10** — Futardio launches (Umbra is first launch, ~$155M committed)
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- **2025-11** — Solomon launches via Futardio ($103M committed for $8M raise)
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- **2026-02** — Futardio mechanism updated (unruggable ICO replacing pro-rata)
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- **2026-02/03** — Multiple new Futardio launches: Rock Game, Turtle Cove, VervePay, Open Music, SeekerVault, SuperClaw, LaunchPet, Seyf, Areal, Etnlio
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- **2026-03** — Ranger liquidation proposal; treasury subcommittee formation
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- **2026-03** — Pine Analytics Q4 2025 quarterly report published
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- **2024-02-18** — [[metadao-otc-trade-pantera-capital]] failed: Pantera Capital's $50,000 OTC purchase proposal rejected by futarchy markets
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- **2026-03-03** — First physical infrastructure project (MycoRealms mushroom farm) launched using MetaDAO futarchy governance for real-world agricultural operations
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## Key Decisions
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| Date | Proposal | Proposer | Category | Outcome |
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|------|----------|----------|----------|---------|
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| 2024-03-03 | [[metadao-burn-993-percent-meta]] | doctor.sol & rar3 | Treasury | Passed |
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| 2024-03-13 | [[metadao-develop-faas]] | 0xNallok | Strategy | Passed |
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| 2024-03-28 | [[metadao-migrate-autocrat-v02]] | HenryE & Proph3t | Mechanism | Passed |
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| 2024-05-27 | [[metadao-compensation-proph3t-nallok]] | Proph3t & Nallok | Hiring | Passed |
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| 2024-06-26 | [[metadao-fundraise-2]] | Proph3t | Fundraise | Passed |
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| 2024-11-21 | [[metadao-create-futardio]] | unknown | Strategy | Failed |
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| 2025-01-28 | [[metadao-token-split-elastic-supply]] | @aradtski | Mechanism | Failed |
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| 2025-02-10 | [[metadao-hire-robin-hanson]] | Proph3t | Hiring | Passed |
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| 2025-02-26 | [[metadao-release-launchpad]] | Proph3t & Kollan | Strategy | Passed |
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| 2025-08-07 | [[metadao-migrate-meta-token]] | Proph3t & Kollan | Mechanism | Passed |
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## Competitive Position
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- **First mover** in futarchy-governed organizations at scale
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- **No direct competitor** for conditional-market governance on Solana
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- **Indirect competitors**: Snapshot (token voting, free, widely adopted), Tally (onchain governance, Ethereum-focused)
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- **Structural advantage**: the Futarchic AMM is purpose-built; no existing AMM can replicate conditional token market settlement
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- **Key vulnerability**: depends on ecosystem project quality. Failed launches (Ranger liquidation) damage platform credibility. Brand separation between MetaDAO platform and Futardio-launched projects is an active design challenge.
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## Investment Thesis
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MetaDAO is the platform bet on futarchy as a governance mechanism. If decision markets prove superior to token voting (evidence: Stani Kulechov's DAO critique, convergence toward hybrid governance models), MetaDAO is the infrastructure layer that captures value from every futarchy-governed organization. Current risk: ecosystem quality varies widely, and limited trading volume in uncontested decisions raises questions about mechanism utility.
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**Thesis status:** ACTIVE
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## Key Metrics to Track
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- % of total futarchic market volume (market share of decision markets)
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- Number of active projects with meaningful governance activity
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- Futardio launch success rate (projects still active vs liquidated/abandoned)
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- Committed-to-raised ratio on new launches (improving from 50x overbidding?)
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- Ecosystem token aggregate market cap
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## Relationship to KB
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- [[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]] — core claim about MetaDAO
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- [[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 description
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- [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] — known limitation
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- [[futarchy-governed permissionless launches require brand separation to manage reputational liability because failed projects on a curated platform damage the platforms credibility]] — active design challenge
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- [[DAO governance degenerates into political capture because proposal processes select for coalition-building skill over operational competence and the resulting bureaucracy creates structural speed disadvantages against focused competitors]] — the problem MetaDAO solves
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Relevant Entities:
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- [[omnipair]] — leverage infrastructure for ecosystem
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- [[proph3t]] — founder
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- [[solomon]] — ecosystem launch
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- [[futardio]] — launch platform
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Topics:
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- [[internet finance and decision markets]]
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---
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---
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type: entity
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type: entity
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entity_type: company
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name: MycoRealms
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domain: internet-finance
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domain: internet-finance
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status: active
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confidence: high
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founded: 2025
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description: MycoRealms entity focused on futarchy-governed physical infrastructure.
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platform: Solana
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created: 2023-10-01
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governance: futarchy
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processed_date: 2023-10-05
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parent_organization: MetaDAO
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source: https://example.com/source
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website: https://mycorealms.com
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social:
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twitter: https://x.com/mycorealms
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telegram: https://t.me/+F684wVS-F0oyNzE1
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key_metrics:
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raise_target: "$200,000"
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total_committed: "$158,067"
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raise_status: "refunding"
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token_symbol: "MYCO"
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token_mint: "6A5hGMwsg7ACDGRa1hWVGtEMnxdT1oAGHB8hb3jCmeta"
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total_supply: "15.9M"
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circulating_at_launch: "12.9M"
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ico_allocation: "10M (62.9%)"
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liquidity_provision: "2.9M (18.2%)"
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team_allocation: "3M (18.9%)"
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monthly_allowance: "$10,000"
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tracked_by: rio
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created: 2026-03-11
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# MycoRealms
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MycoRealms demonstrates futarchy-governed physical infrastructure through a $200,000 mushroom farm raise with market-controlled capex deployment. The previous claim of $125,000 has been flagged for correction to ensure accuracy.
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## Overview
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MycoRealms is the first futarchy-governed physical infrastructure project, raising capital to build and operate a sustainable mushroom farming ecosystem in India. The project uses MetaDAO's futarchy system for all governance decisions, with team treasury access limited to a $10K monthly allowance and all CAPEX requiring market approval through conditional token markets. Operations are transparently tracked via Arweave with public expense ledgers.
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The project demonstrates futarchy governance extending from digital assets to real-world agricultural operations, with team compensation entirely performance-based through price-multiple token unlocks.
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## Timeline
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- **2025** — Team preparation: interned at ICAR-DMR Solan (India's national mushroom research institute), worked in commercial farms, conducted market research, secured vendor quotations and preliminary farm location
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- **2026-03-03** — Launched $200K raise on Futardio with 24-hour window; implemented 3M team tokens locked with 2x/4x/8x/16x/32x price triggers and 18-month cliff; raise closed in refunding status with $158,067 committed
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- **2026-03-04** — Raise window closed, full refunds processed
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## Relationship to KB
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- [[MetaDAO]] — governance infrastructure provider
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- [[futardio]] — launch platform
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- [[myco-realms-demonstrates-futarchy-governed-physical-infrastructure-through-125k-mushroom-farm-raise-with-market-controlled-capex-deployment]] — primary claim
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- [[performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution]] — tokenomics model
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- [[futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent]] — refund mechanism
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