diff --git a/entities/internet-finance/coal-establish-development-fund.md b/entities/internet-finance/coal-establish-development-fund.md new file mode 100644 index 00000000..215fe3ce --- /dev/null +++ b/entities/internet-finance/coal-establish-development-fund.md @@ -0,0 +1,39 @@ +--- +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 +- **Daily Allocation Proposed:** 472.5 COAL (4.2% of 11,250 COAL/day base rate) + +## Significance +This proposal tested community willingness to fund protocol development through inflation in a fair-launch token with no pre-mine or team allocation. The failure suggests miners prioritized emission purity over development funding, or that the 4.2% dilution was perceived as too high. The proposal included transparency commitments (weekly claims, public expenditure tracking, DAO-managed multisig) but still failed to achieve market support. + +The rejection creates a sustainability question for COAL: how does a zero-premine project fund ongoing development without either diluting miners or relying on volunteer labor? + +## Relationship to KB +- Related to [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — COAL attempted to add issuance authority post-launch +- Related to [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] — this was a contested decision that still failed diff --git a/entities/internet-finance/coal.md b/entities/internet-finance/coal.md new file mode 100644 index 00000000..57b3d746 --- /dev/null +++ b/entities/internet-finance/coal.md @@ -0,0 +1,32 @@ +--- +type: entity +entity_type: company +name: "COAL" +domain: internet-finance +status: active +founded: 2024-08 +website: "" +tracked_by: rio +created: 2026-03-11 +key_metrics: + launch_type: "fair launch" + premine: "none" + team_allocation: "none" + base_emission_rate: "11,250 COAL/day" + governance_platform: "futardio" +--- + +# COAL + +## Overview +COAL is a community-driven cryptocurrency project that launched in August 2024 with a fair launch model—no pre-mine and no team allocation. The project uses futarchy governance through Futardio and operates on a proof-of-work mining model with daily emissions. The zero-allocation launch model creates sustainability questions around funding protocol development. + +## Timeline +- **2024-08** — Fair launch with no 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 zero-allocation model + +## Relationship to KB +- Example of [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — attempted to add issuance post-launch +- Uses [[futardio]] for governance decisions +- Tests whether fair-launch tokens can fund development without initial allocations diff --git a/inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md b/inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md index 6538a0d3..383b4799 100644 --- a/inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md +++ b/inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7 date: 2024-12-05 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: "Factual governance proposal data. Created decision_market entity for the proposal and parent entity for COAL project. No novel claims about futarchy mechanisms—this is a straightforward failed treasury proposal. The failure is notable as data point but doesn't generate mechanism insights beyond what existing claims already cover." --- ## Proposal Details @@ -71,3 +75,11 @@ If the emission rate were adjusted to 10,000 \$COAL/day: - Autocrat version: 0.3 - Completed: 2024-12-08 - Ended: 2024-12-08 + + +## Key Facts +- COAL fair launched August 2024 with no pre-mine or team allocation +- Base emission rate: 11,250 COAL/day +- Proposed development allocation: 472.5 COAL/day (4.2%) +- Development fund proposal failed 2024-12-08 after 3-day voting period +- Proposal included weekly claims, public expenditure tracking, DAO-managed multisig