ingestion: archive futardio proposal — 2024-12-05-futardio-proposal-establish-development-fund.md

inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md

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+---
+type: source
+title: "Futardio: Establish Development Fund?"
+author: "futard.io"
+url: "https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U"
+date: 2024-12-05
+domain: internet-finance
+format: data
+status: unprocessed
+tags: [futardio, metadao, futarchy, solana, governance]
+event_type: proposal
+---
+
+## Proposal Details
+- Project: coal
+- Proposal: Establish Development Fund?
+- Status: Failed
+- Created: 2024-12-05
+- URL: https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U
+- Description: Should COAL establish a development fund?
+- Categories: {'category': 'Governance'}
+- Discussion: https://discord.gg/YeJTmTqQG4
+
+## Summary
+
+### 🎯 Key Points  
+Establish a Development Fund through a 4.2% emissions allocation to support protocol development, reward community contributions, and enable marketing initiatives for the \$COAL ecosystem.
+
+### 📊 Impact Analysis  
+#### 👥 Stakeholder Impact  
+This proposal provides a structured funding mechanism that benefits community members and developers by rewarding contributions and fostering innovation.
+
+#### 📈 Upside Potential  
+The fund has the potential to enhance project sustainability and growth, leading to a more robust \$COAL ecosystem.
+
+#### 📉 Risk Factors  
+Implementing the fund may dilute mining rewards and could create tension among miners if perceived as reducing their share of emissions.
+
+## Content
+
+## Overview
+Since its fair launch in August 2024, \$COAL has been a community-driven project with no pre-mine or team allocation. While this approach has ensured a fair start, it limits our ability to scale the project and reward community contributions.
+
+To ensure the long-term sustainability of the project, we propose establishing a **Development Fund through a 4.2% emissions allocation**. 
+
+This fund will:
+- Support on-going protocol development and innovation
+- Reward community-driven initiatives and contributions
+- Enable marketing and growth initiatives to expand the \$COAL ecosystem
+
+## Details
+The emissions allocation will be 4.2% of the current mining emission rate:
+
+11,250 * 0.042 = 472.5 (development allocation per day)
+
+To avoid reducing mining rewards, this allocation will result in a 4.2% increase in total supply growth. However, future emission rate adjustments will integrate this allocation into the base rate.
+
+The development allocation will be claimed weekly and transferred to a DAO-managed multisig wallet. All expenditures from this fund will be tracked and shared publicly to ensure transparency and accountability.
+
+#### Example for Future Adjustments:
+If the emission rate were adjusted to 10,000 \$COAL/day:
+- Mining rewards: 9,580 \$COAL/day
+- Development allocation: 420 \$COAL/day
+
+## Raw Data
+
+- Proposal account: `DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U`
+- Proposal number: 2
+- DAO account: `3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG`
+- Proposer: `AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r`
+- Autocrat version: 0.3
+- Completed: 2024-12-08
+- Ended: 2024-12-08