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 4) Pentagon-Agent: Rio <HEADLESS>
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---
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type: entity
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entity_type: decision_market
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name: "FutureDAO: Fund the Rug Bounty Program"
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domain: internet-finance
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status: passed
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parent_entity: "[[futardio]]"
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platform: "futardio"
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proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
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proposal_url: "https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt"
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proposal_date: 2024-06-14
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resolution_date: 2024-06-17
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completed_date: 2024-06-19
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category: "grants"
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summary: "Fund development of RugBounty.xyz platform to help communities recover from rug pulls through bounty-incentivized token migrations"
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budget_requested: "$5,000 USDC"
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tracked_by: rio
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created: 2026-03-11
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---
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# FutureDAO: Fund the Rug Bounty Program
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## Summary
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Proposal to fund development of 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.)".
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
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- **Budget:** $5,000 USDC for platform development ($3,000 platform, $1,000 website, $1,000 QA) plus $1,000+ operational costs
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- **Created:** 2024-06-14
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- **Ended:** 2024-06-17
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- **Completed:** 2024-06-19
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## Significance
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This proposal demonstrates futarchy-governed product development funding for a novel use case: community-driven recovery from rug pulls. The bounty mechanism creates a permissionless market for community takeover facilitation, where "pirates" compete to successfully migrate rugged communities. The multi-sig requirement for token migrator shows trust-minimized collaboration between bounty hunters and FutureDAO.
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The proposal positions FutureDAO as infrastructure for crypto community resilience rather than just a governance experiment, with potential partnerships across security (GoPlus, Rugcheck), analytics (Birdeye, Dexscreener), and communication (SolChat) layers.
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## Relationship to KB
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- [[futardio]] - product development decision
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- [[MetaDAO]] - parent futarchy infrastructure
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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]] - treasury allocation through futarchy
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## Timeline
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- **2024-06-14** - Proposal created
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- **2024-06-17** - Voting ended, proposal passed
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- **2024-06-19** - Proposal completed
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@ -46,6 +46,7 @@ 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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- **2024-06-14** - [[futardio-fund-rug-bounty-program]] passed: Approved $5,000 USDC funding for RugBounty.xyz platform development
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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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@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGz
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date: 2024-06-14
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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: "Governance proposal for product development funding. Created decision_market entity and updated parent Futardio timeline. No novel claims about futarchy mechanisms or governance dynamics - this is a straightforward treasury allocation decision. The rug bounty mechanism itself is a product feature, not a governance innovation. Key facts preserved in source archive for reference."
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---
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## Proposal Details
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@ -180,3 +184,10 @@ For more detailed information, you can visit the FutureDAO [Gitbook](https://fu
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- Autocrat version: 0.3
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- Completed: 2024-06-19
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- Ended: 2024-06-17
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## Key Facts
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- FutureDAO Rug Bounty Program budget: $5,000 USDC development + $1,000+ operational costs (2024-06-14)
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- Rug Bounty success metric: raising over 60% of presale target in SOL
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- Proposal account: 4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt
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- Proposal passed 2024-06-17, completed 2024-06-19
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