rio: extract from 2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md

- Source: inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 5)

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---
type: entity
entity_type: decision_market
name: "FutureDAO: Fund the Rug Bounty Program"
domain: internet-finance
status: passed
parent_entity: "[[futardio]]"
platform: "futardio"
proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
proposal_url: "https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt"
proposal_date: 2024-06-14
resolution_date: 2024-06-19
category: "grants"
summary: "Proposal to fund development of RugBounty.xyz platform with $5,000 USDC budget to help crypto communities recover from rug pulls through bounty-incentivized token migrations"
tracked_by: rio
created: 2026-03-11
---
# FutureDAO: Fund the Rug Bounty Program
## Summary
Proposal to allocate $5,000 USDC from FutureDAO treasury to develop RugBounty.xyz, a platform that incentivizes community members to onboard rugged project communities to FutureDAO's Token Migration tool. The program creates bounties for successful migrations (defined as raising over 60% of presale target in SOL), positioning FutureDAO as "Solana's Emergency Response Team (S.E.R.T.)".
## Market Data
- **Outcome:** Passed
- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
- **Proposal Number:** 2
- **Created:** 2024-06-14
- **Ended:** 2024-06-17
- **Completed:** 2024-06-19
## Budget Breakdown
- Platform Development: $3,000 USDC
- Website: $1,000 USDC
- QA: $1,000 USDC
- Operational Costs (API & Hosting): $1,000+
- Bounty Allocation: TBD based on project scope
## Significance
This proposal represents FutureDAO's strategic positioning as infrastructure for community recovery from rug pulls, expanding beyond token migration tooling into bounty-incentivized community onboarding. The program creates a structured mechanism for value recovery that could drive adoption of FutureDAO's core products while building brand equity as a protective layer for the Solana ecosystem.
## Relationship to KB
- [[futardio]] - governance decision to fund new product vertical
- [[MetaDAO]] - parent futarchy infrastructure
- Related to community protection and trust-building in DeFi ecosystems

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@ -46,6 +46,7 @@ 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 - **2026-03-07** — 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 - **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status
- **2024-06-14** — [[futardio-fund-rug-bounty-program]] passed: Approved $5,000 USDC budget to develop RugBounty.xyz platform for community-driven rug pull recovery
## Competitive Position ## Competitive Position
- **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees - **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." - **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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@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGz
date: 2024-06-14 date: 2024-06-14
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: "Proposal entity created for FutureDAO's Rug Bounty Program funding decision. No novel claims about futarchy mechanisms or governance dynamics—this is a straightforward grants proposal for product development. The proposal passed through standard futarchy governance but doesn't reveal new insights about the mechanism itself. Key facts preserved in source archive for reference."
--- ---
## Proposal Details ## Proposal Details
@ -180,3 +184,11 @@ For more detailed information, you can visit the FutureDAO [Gitbook](https://fu
- Autocrat version: 0.3 - Autocrat version: 0.3
- Completed: 2024-06-19 - Completed: 2024-06-19
- Ended: 2024-06-17 - Ended: 2024-06-17
## Key Facts
- FutureDAO Rug Bounty Program proposal passed on 2024-06-19
- Budget allocated: $5,000 USDC for platform development
- Successful migration defined as raising over 60% of presale target in SOL
- Platform includes bounty creation, community onboarding, multi-sig collaboration, and bounty claiming
- Potential integrations mentioned: Fluxbeam's Rugcheck, Birdeye, Dexscreener, GoPlus Security, SolChat