rio: extract from 2025-10-15-futardio-proposal-lets-get-futarded.md
- Source: inbox/archive/2025-10-15-futardio-proposal-lets-get-futarded.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio <HEADLESS>
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entities/internet-finance/coal-lets-get-futarded.md
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entities/internet-finance/coal-lets-get-futarded.md
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---
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type: entity
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entity_type: decision_market
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name: "coal: Let's get Futarded"
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domain: internet-finance
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status: passed
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parent_entity: "[[coal]]"
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platform: "futardio"
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proposer: "HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC"
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proposal_url: "https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA"
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proposal_date: 2025-10-15
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resolution_date: 2025-10-18
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category: "treasury"
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summary: "Approved META holder airdrop, supply expansion to 25M COAL, Development Fund establishment, and v0.6 DAO migration"
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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proposal_number: 3
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proposal_length: "3 days"
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airdrop_total: "971,880 COAL"
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dev_fund_total: "3,028,120 COAL"
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supply_increase: "4,000,000 COAL"
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eligible_wallets: 2314
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airdrop_per_wallet: "420 COAL"
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---
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# coal: Let's get Futarded
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## Summary
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Proposal to onboard MetaDAO community through airdrop, expand COAL supply for development funding, and establish transparent Development Fund with governance guardrails. Passed on 2025-10-18, enabling migration to v0.6 DAO governance structure.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC
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- **Proposal Account:** 6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA
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- **DAO Account:** 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
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- **Autocrat Version:** 0.3
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- **Duration:** 3 days (2025-10-15 to 2025-10-18)
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## Proposal Components
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### 1. META Holder Airdrop
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- **Eligibility:** All META holders at snapshot (October 12, 2025) holding ≥$100 notional value
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- **Amount:** 420 COAL per eligible wallet
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- **Total Recipients:** 2,314 wallets
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- **Total Airdrop:** 971,880 COAL
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### 2. Supply Expansion
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- **Previous Supply:** 21,000,000 COAL
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- **New Supply:** 25,000,000 COAL
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- **One-time Increase:** 4,000,000 COAL
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- **Breakdown:**
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- 971,880 COAL → Airdrop
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- 3,028,120 COAL → Development Fund
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- **Mining Emissions:** Unchanged
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### 3. Development Fund Structure
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- **Purpose:** Protocol development, futarchy experiments, community contributions, tooling, integrations, marketing, liquidity seeding
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- **Manager:** DAO treasury
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- **Monthly Disbursement Cap:** 30,000 COAL to Grant (lead dev)
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- **Large Grant Threshold:** Any single use >69,000 COAL requires separate decision market
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- **Transparency:** Public ledger, monthly forum reports, verified addresses
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- **Liquidity Bootstrap:** OTC buyer lined up to purchase portion of Dev Fund; proceeds seed futarchy AMM
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### 4. v0.6 DAO Governance Migration
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- **TWAP Delay:** 1 day
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- **Minimum Liquidity:** 1,500 USDC, 2,000 COAL
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- **Pass Threshold:** 100 bps
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- **Required Stake:** 10,000 COAL
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- **Proposal Length:** 3 days
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## Significance
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This proposal represents a complete governance maturation for coal, transitioning from informal coordination to structured futarchy with treasury management, transparent fund disbursement, and formal proposal mechanisms. The META holder airdrop creates cross-pollination between MetaDAO and coal communities, while the Development Fund provides sustainable runway without relying on continuous token sales. The v0.6 migration establishes coal as a "real" DAO with full futarchy infrastructure.
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## Relationship to KB
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- [[coal]] — parent entity
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- [[MetaDAO]] — airdrop targets META holders
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- [[futardio]] — governance platform
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- [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — exemplifies supply expansion for treasury funding
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- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — Development Fund guardrails demonstrate this convergence
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entities/internet-finance/coal.md
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entities/internet-finance/coal.md
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---
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type: entity
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entity_type: company
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name: "coal"
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domain: internet-finance
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status: active
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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total_supply: "25,000,000 COAL (post-expansion)"
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initial_supply: "21,000,000 COAL"
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supply_increase: "4,000,000 COAL (one-time)"
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airdrop_allocation: "971,880 COAL"
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dev_fund_allocation: "3,028,120 COAL"
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eligible_wallets: 2314
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airdrop_amount_per_wallet: "420 COAL"
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min_meta_holding: "$100 USD notional"
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snapshot_date: "2025-10-12"
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monthly_disbursement_cap: "30,000 COAL"
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large_grant_threshold: "69,000 COAL"
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---
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# coal
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$coal is a futarchy-governed memecoin and the only proof-of-work coin on Solana post-Ore transition. The project operates through minechain.gg and transitioned to v0.6 DAO governance with futarchy AMM, DAO treasury, and structured proposal mechanisms.
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## Timeline
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- **2025-10-12** — Snapshot taken for $META holder airdrop eligibility (2,314 wallets holding ≥$100 META)
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- **2025-10-15** — [[coal-lets-get-futarded]] proposal created: one-time airdrop of 420 $coal per eligible META holder, supply expansion from 21M to 25M tokens, and establishment of Development Fund with 3,028,120 COAL allocation
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- **2025-10-18** — [[coal-lets-get-futarded]] passed: approved airdrop, supply increase, Development Fund with monthly 30K COAL disbursement cap to lead dev Grant, and migration to v0.6 DAO governance with futarchy AMM
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## Relationship to KB
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- [[futardio]] — governance platform
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- [[MetaDAO]] — ecosystem relationship through META holder airdrop
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- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — exemplifies futarchy memecoin model
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@ -46,6 +46,8 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
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- **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
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- **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status
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- **2025-10-15** — [[coal-lets-get-futarded]] proposal created on Futardio platform
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- **2025-10-18** — [[coal-lets-get-futarded]] passed: coal DAO approved META holder airdrop (971,880 COAL to 2,314 wallets), supply expansion to 25M tokens, Development Fund establishment (3,028,120 COAL), and migration to v0.6 governance
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## Competitive Position
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- **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees
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- **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."
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@ -54,6 +54,8 @@ The futarchy governance protocol on Solana. Implements decision markets through
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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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- **2025-10-12** — coal DAO takes snapshot of META holders for airdrop eligibility (2,314 wallets holding ≥$100 META)
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- **2025-10-18** — coal DAO airdrop approved: 420 COAL per eligible META holder (971,880 COAL total), creating cross-community alignment between MetaDAO and coal ecosystems
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## Key Decisions
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| Date | Proposal | Proposer | Category | Outcome |
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|------|----------|----------|----------|---------|
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@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLb
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date: 2025-10-15
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domain: internet-finance
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format: data
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status: unprocessed
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status: processed
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tags: [futardio, metadao, futarchy, solana, governance]
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event_type: proposal
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processed_by: rio
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processed_date: 2026-03-11
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extraction_model: "anthropic/claude-sonnet-4.5"
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extraction_notes: "Extracted coal as new entity (futarchy-governed PoW memecoin on Solana), created decision_market entity for the governance proposal, and added timeline entries to futardio and metadao. No new claims extracted — this is primarily factual governance data documenting a treasury/airdrop decision. The proposal demonstrates existing patterns (supply expansion for treasury funding, development fund guardrails) rather than introducing novel mechanisms or insights."
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---
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## Proposal Details
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- Autocrat version: 0.3
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- Completed: 2025-10-18
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- Ended: 2025-10-18
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## Key Facts
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- coal total supply expanded from 21M to 25M tokens (one-time increase of 4M)
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- 2,314 META holder wallets eligible for 420 COAL airdrop (snapshot 2025-10-12)
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- Development Fund allocated 3,028,120 COAL with 30K monthly disbursement cap
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- v0.6 DAO parameters: 1-day TWAP delay, 1500 USDC + 2000 COAL min liquidity, 100 bps pass threshold, 10K COAL stake requirement, 3-day proposals
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- coal is the only PoW coin on Solana post-Ore transition
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- Proposal passed 2025-10-18 after 3-day voting period
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