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 4)

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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: "Airdrop 420 COAL to META holders, increase supply to 25M, establish Development Fund with monthly disbursement caps"
tracked_by: rio
created: 2026-03-11
key_metrics:
proposal_number: 3
dao_account: "3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG"
autocrat_version: "0.3"
airdrop_recipients: 2314
airdrop_per_wallet: "420 COAL"
supply_increase: "4,000,000 COAL"
dev_fund_size: "3,028,120 COAL"
monthly_disbursement_cap: "30,000 COAL"
large_grant_threshold: "69,000 COAL"
---
# coal: Let's get Futarded
## Summary
Proposal to onboard MetaDAO community through airdrop, expand coal supply for development funding, and establish transparent treasury governance. The proposal combined three mechanisms: community growth through META holder airdrop (420 COAL to 2,314 wallets), one-time supply expansion from 21M to 25M COAL, and creation of a Development Fund with monthly disbursement caps and large-grant futarchy requirements.
## Market Data
- **Outcome:** Passed
- **Proposer:** HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC
- **Proposal Account:** 6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA
- **Resolution:** 2025-10-18 (3 days after creation)
## Significance
This proposal represents coal's transition from basic token to full futarchy-governed DAO with v0.6 governance infrastructure. The Development Fund structure includes nested futarchy (large grants >69K COAL require separate decision markets), creating recursive governance. The META holder airdrop strategy demonstrates cross-pollination between futarchy projects, using token distribution to import governance participants from the parent ecosystem. The OTC liquidity arrangement (buyer lined up to purchase Dev Fund portion for AMM seeding) shows how futarchy DAOs can bootstrap liquidity without traditional market-making.
## Relationship to KB
- [[coal]] — parent entity
- [[MetaDAO]] — source community for airdrop
- [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — this proposal demonstrates the supply expansion mechanism
- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — Dev Fund guardrails (monthly caps, large-grant thresholds) show 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-proposal)"
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"
---
# coal
coal is a futarchy-governed memecoin and the only proof-of-work coin on Solana following the Ore transition. The project operates through minechain.gg and describes itself as "the only futarchy memecoin" on Solana. coal transitioned to v0.6 DAO governance with futarchy-based decision making through the MetaDAO platform.
## 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 to META holders, increase supply to 25M, establish Development Fund
- **2025-10-18** — Proposal passed and completed; migrated to v0.6 DAO governance with futarchy AMM, treasury, and new proposal parameters (1-day TWAP delay, 1500 USDC/2000 COAL minimum liquidity, 100 bps pass threshold, 10K COAL stake requirement, 3-day proposal length)
## Relationship to KB
- [[futardio]] — governance platform
- [[MetaDAO]] — parent futarchy ecosystem
- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — exemplifies this pattern

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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
- **2025-10-15** — coal proposal "Let's get Futarded" created on Futardio (passed 2025-10-18): airdropped 420 COAL to 2,314 META holders, increased supply to 25M, established Development Fund with 30K COAL monthly disbursement cap
## 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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@ -54,6 +54,7 @@ The futarchy governance protocol on Solana. Implements decision markets through
- **2026-03** — Pine Analytics Q4 2025 quarterly report published - **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 - **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 snapshot taken for META holder airdrop (2,314 wallets eligible for 420 COAL each)
## Key Decisions ## Key Decisions
| Date | Proposal | Proposer | Category | Outcome | | Date | Proposal | Proposer | Category | Outcome |
|------|----------|----------|----------|---------| |------|----------|----------|----------|---------|

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@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLb
date: 2025-10-15 date: 2025-10-15
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 data extraction. Created new entity for coal (PoW memecoin on Solana) and decision_market entity for the governance proposal. No new claims—this is factual governance data about supply expansion, airdrop mechanics, and Development Fund structure. The proposal demonstrates existing claims about futarchy DAO treasury operations and mintable governance tokens but doesn't introduce novel mechanisms. Updated MetaDAO and Futardio timelines with cross-reference events."
--- ---
## Proposal Details ## Proposal Details
@ -97,3 +101,12 @@ Voting
- Autocrat version: 0.3 - Autocrat version: 0.3
- Completed: 2025-10-18 - Completed: 2025-10-18
- Ended: 2025-10-18 - Ended: 2025-10-18
## Key Facts
- coal total supply increased from 21M to 25M COAL (one-time, 2025-10-18)
- coal airdropped 420 COAL to each of 2,314 META holder wallets (971,880 COAL total)
- coal Development Fund allocated 3,028,120 COAL with 30K monthly disbursement cap to Grant (lead dev)
- coal v0.6 governance parameters: 1-day TWAP delay, 1500 USDC/2000 COAL min liquidity, 100 bps pass threshold, 10K COAL stake, 3-day proposals
- coal large grants >69K COAL require separate decision markets (nested futarchy)
- META holder snapshot taken 2025-10-12 with $100 minimum holding requirement