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 3)

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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: "Expand coal supply to 25M, airdrop 420 COAL to 2,314 META holders, establish 3M COAL dev fund, migrate to v0.6 governance"
tracked_by: rio
created: 2026-03-11
key_metrics:
proposal_number: 3
autocrat_version: "0.3"
proposal_length: "3 days"
new_governance_params:
twap_delay: "1 day"
min_liquidity: "1500 USDC, 2000 COAL"
pass_threshold: "100 bps"
coal_staked: "10,000"
proposal_length: "3 days"
---
# coal: Let's get Futarded
## Summary
This proposal executed a comprehensive governance and tokenomics upgrade for coal, the only proof-of-work memecoin on Solana. It expanded total supply from 21M to 25M COAL through a one-time mint, distributed 420 COAL to each of 2,314 eligible META holders (snapshot October 12, 2025), established a 3.03M COAL development fund with monthly disbursement guardrails, and migrated the DAO to v0.6 governance infrastructure with futarchy AMM capabilities.
## Market Data
- **Outcome:** Passed
- **Proposer:** HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC
- **Proposal Account:** 6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA
- **DAO Account:** 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
- **Duration:** October 15-18, 2025 (3 days)
## Proposal Structure
### Airdrop Component
- **Eligibility:** All META holders at October 12, 2025 snapshot holding ≥$100 notional value
- **Amount:** 420 COAL per eligible wallet
- **Total Recipients:** 2,314 wallets
- **Total Airdrop:** 971,880 COAL
### Supply Expansion
- **Previous Supply:** 21,000,000 COAL
- **New Supply:** 25,000,000 COAL
- **One-time Increase:** 4,000,000 COAL
- **Allocation:** 971,880 to airdrop, 3,028,120 to dev fund
- **Mining Emissions:** Unchanged
### Development Fund
- **Size:** 3,028,120 COAL
- **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
- **Purpose:** Protocol development, futarchy experiments, community contributions, tooling, integrations, marketing, liquidity seeding
### Governance Migration
- **Target:** v0.6 DAO infrastructure
- **New Features:** DAO treasury, futarchy AMM, full governance tooling
- **TWAP Delay:** 1 day
- **Minimum Liquidity:** 1,500 USDC + 2,000 COAL
- **Pass Threshold:** 100 basis points
- **Staking Requirement:** 10,000 COAL
- **Proposal Duration:** 3 days
### Liquidity Strategy
- **OTC Buyer:** Lined up to purchase portion of dev fund
- **Proceeds Use:** Seed futarchy AMM and bootstrap COAL liquidity
## Significance
This proposal represents a comprehensive transition from experimental memecoin to structured futarchy-governed protocol. The META holder airdrop creates cross-pollination between MetaDAO's futarchy ecosystem and coal's proof-of-work model. The development fund with explicit guardrails (monthly caps, large-grant thresholds requiring separate markets) demonstrates maturing governance design that balances operational flexibility with market oversight. The migration to v0.6 infrastructure with futarchy AMM capabilities positions coal as a testing ground for futarchy mechanisms in the memecoin context.
## Relationship to KB
- [[coal]] — parent entity
- [[futardio]] — governance platform
- [[MetaDAO]] — source of airdrop recipients
- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — exemplifies governance model
- [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — demonstrates supply expansion mechanism

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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_amount: "971,880 COAL (420 per eligible wallet)"
dev_fund: "3,028,120 COAL"
eligible_wallets: 2314
min_meta_holding: "$100 USD notional value"
snapshot_date: "2025-10-12"
---
# coal
## Overview
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 uses [[futardio]] for governance decisions. In October 2025, coal executed a supply expansion and META holder airdrop to establish a development fund and migrate to v0.6 DAO governance with futarchy AMM infrastructure.
## 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: airdrop 420 COAL per eligible META holder, expand supply to 25M, establish dev fund
- **2025-10-18** — Proposal passed and completed; supply increased from 21M to 25M COAL, dev fund established with 3.03M COAL
## Relationship to KB
- [[futardio]] — governance platform
- [[MetaDAO]] — parent ecosystem for META token holders receiving 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: coal supply expansion, META airdrop, dev fund establishment
- **2025-10-18** — [[coal-lets-get-futarded]] passed: coal migrated to v0.6 DAO governance with futarchy AMM infrastructure
## 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 +54,7 @@ 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
- **2025-10-15** — coal proposed airdrop of 420 COAL to 2,314 META holders (≥$100 holding at Oct 12 snapshot)
## 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: "Proposal data extraction for coal governance decision. Created new entity for coal (PoW memecoin) and decision_market entity for the proposal. No novel claims about futarchy mechanisms—this is a straightforward application of existing futarchy-governed DAO patterns. Updated timeline entries for futardio and metadao to reflect cross-ecosystem activity."
---
## 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 (one-time increase of 4M)
- 2,314 META holder wallets eligible for 420 COAL airdrop (snapshot 2025-10-12)
- coal dev fund established with 3,028,120 COAL and 30K monthly disbursement cap
- coal migrated to v0.6 DAO governance with futarchy AMM (2025-10-18)
- coal is the only PoW coin on Solana post-Ore transition
- coal governance parameters: 1-day TWAP delay, 1500 USDC + 2000 COAL min liquidity, 100 bps pass threshold, 10K COAL stake requirement, 3-day proposals