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)

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---
type: entity
entity_type: decision_market
name: "coal: Let's get Futarded"
domain: internet-finance
status: passed
parent_entity: "[[coal]]"
platform: "futardio"
proposer: "HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC"
proposal_url: "https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA"
proposal_date: 2025-10-15
resolution_date: 2025-10-18
category: "treasury"
summary: "Approved META holder airdrop, supply expansion to 25M COAL, Development Fund establishment, and v0.6 DAO migration"
tracked_by: rio
created: 2026-03-11
key_metrics:
proposal_number: 3
proposal_length: "3 days"
airdrop_total: "971,880 COAL"
dev_fund_total: "3,028,120 COAL"
supply_increase: "4,000,000 COAL"
eligible_wallets: 2314
airdrop_per_wallet: "420 COAL"
---
# coal: Let's get Futarded
## Summary
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.
## Market Data
- **Outcome:** Passed
- **Proposer:** HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC
- **Proposal Account:** 6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA
- **DAO Account:** 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
- **Autocrat Version:** 0.3
- **Duration:** 3 days (2025-10-15 to 2025-10-18)
## Proposal Components
### 1. META Holder Airdrop
- **Eligibility:** All META holders at snapshot (October 12, 2025) holding ≥$100 notional value
- **Amount:** 420 COAL per eligible wallet
- **Total Recipients:** 2,314 wallets
- **Total Airdrop:** 971,880 COAL
### 2. Supply Expansion
- **Previous Supply:** 21,000,000 COAL
- **New Supply:** 25,000,000 COAL
- **One-time Increase:** 4,000,000 COAL
- **Breakdown:**
- 971,880 COAL → Airdrop
- 3,028,120 COAL → Development Fund
- **Mining Emissions:** Unchanged
### 3. Development Fund Structure
- **Purpose:** Protocol development, futarchy experiments, community contributions, tooling, integrations, marketing, liquidity seeding
- **Manager:** DAO treasury
- **Monthly Disbursement Cap:** 30,000 COAL to Grant (lead dev)
- **Large Grant Threshold:** Any single use >69,000 COAL requires separate decision market
- **Transparency:** Public ledger, monthly forum reports, verified addresses
- **Liquidity Bootstrap:** OTC buyer lined up to purchase portion of Dev Fund; proceeds seed futarchy AMM
### 4. v0.6 DAO Governance Migration
- **TWAP Delay:** 1 day
- **Minimum Liquidity:** 1,500 USDC, 2,000 COAL
- **Pass Threshold:** 100 bps
- **Required Stake:** 10,000 COAL
- **Proposal Length:** 3 days
## Significance
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.
## Relationship to KB
- [[coal]] — parent entity
- [[MetaDAO]] — airdrop targets META holders
- [[futardio]] — governance platform
- [[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
- [[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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---
type: entity
entity_type: company
name: "coal"
domain: internet-finance
status: active
tracked_by: rio
created: 2026-03-11
key_metrics:
total_supply: "25,000,000 COAL (post-expansion)"
initial_supply: "21,000,000 COAL"
supply_increase: "4,000,000 COAL (one-time)"
airdrop_allocation: "971,880 COAL"
dev_fund_allocation: "3,028,120 COAL"
eligible_wallets: 2314
airdrop_amount_per_wallet: "420 COAL"
min_meta_holding: "$100 USD notional"
snapshot_date: "2025-10-12"
monthly_disbursement_cap: "30,000 COAL"
large_grant_threshold: "69,000 COAL"
---
# coal
$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.
## Timeline
- **2025-10-12** — Snapshot taken for $META holder airdrop eligibility (2,314 wallets holding ≥$100 META)
- **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
- **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
## Relationship to KB
- [[futardio]] — governance platform
- [[MetaDAO]] — ecosystem relationship through META holder airdrop
- [[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
- **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
- **2025-10-15** — [[coal-lets-get-futarded]] proposal created on Futardio platform
- **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
## 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."

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@ -54,6 +54,8 @@ The futarchy governance protocol on Solana. Implements decision markets through
- **2026-03** — Pine Analytics Q4 2025 quarterly report published
- **2024-02-18** — [[metadao-otc-trade-pantera-capital]] failed: Pantera Capital's $50,000 OTC purchase proposal rejected by futarchy markets
- **2025-10-12** — coal DAO takes snapshot of META holders for airdrop eligibility (2,314 wallets holding ≥$100 META)
- **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
## Key Decisions
| Date | Proposal | Proposer | Category | Outcome |
|------|----------|----------|----------|---------|

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@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLb
date: 2025-10-15
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
extraction_model: "anthropic/claude-sonnet-4.5"
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."
---
## Proposal Details
@ -97,3 +101,12 @@ Voting
- Autocrat version: 0.3
- Completed: 2025-10-18
- Ended: 2025-10-18
## Key Facts
- coal total supply expanded from 21M to 25M tokens (one-time increase of 4M)
- 2,314 META holder wallets eligible for 420 COAL airdrop (snapshot 2025-10-12)
- Development Fund allocated 3,028,120 COAL with 30K monthly disbursement cap
- 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
- coal is the only PoW coin on Solana post-Ore transition
- Proposal passed 2025-10-18 after 3-day voting period