rio: extract from 2026-00-00-crypto-trends-lessons-2026-ownership-coins.md

- Source: inbox/archive/2026-00-00-crypto-trends-lessons-2026-ownership-coins.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 4)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/avici.md

@@ -33,7 +33,7 @@ Distributed internet banking infrastructure — onchain credit scoring, spend ca
 - **2025-10-14** — Futardio launch opens ($2M target)
 - **2025-10-18** — Launch closes. $3.5M raised.
 
-- **2026-00-00** — Retained 95.3% of holders (lost only 600 of 12,752) during 65% price drawdown, cited as evidence of genuine ownership alignment versus speculative holding (KuCoin research)
+- **2026-00-00** — Demonstrated 95.3% holder retention during 65% price drawdown (lost only 600 of 12,752 holders), cited as evidence of genuine community ownership versus speculative holding in institutional research reports
 ## Relationship to KB
 - [[futardio]] — launched on Futardio platform
 - [[cryptos primary use case is capital formation not payments or store of value because permissionless token issuance solves the fundraising bottleneck that solo founders and small teams face]] — test case for banking-focused crypto raising via permissionless ICO

entities/internet-finance/metadao.md

@@ -54,7 +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
-- **2026-00-00** — Positioned as major 2026 investment thesis by institutional research (KuCoin, TechFlow, Bitget) citing 100% above-ICO survival rate versus Pump.fun's <0.5%, framed as quality differentiator through futarchy governance
+- **2026-00-00** — Identified by multiple institutional research outlets (KuCoin, TechFlow, Bitget) as quality differentiator in ownership coin category, with all launches remaining above ICO price versus Pump.fun's <0.5% 30-day survival rate; positioned as counter-cyclical growth story while competitors decline
 ## Key Decisions
 | Date | Proposal | Proposer | Category | Outcome |
 |------|----------|----------|----------|---------|

entities/internet-finance/metaplex-genesis.md

@@ -0,0 +1,24 @@
+---
+type: entity
+entity_type: company
+name: Metaplex Genesis
+domain: internet-finance
+status: declining
+tracked_by: rio
+created: 2026-03-11
+key_metrics:
+  q3_launches: "5 launches / $7.53M"
+  q4_launches: "3 launches / $5.4M"
+---
+
+# Metaplex Genesis
+
+Metaplex Genesis is a curated token launch platform on Solana that is experiencing declining activity. The platform represents the middle ground between permissionless chaos (Pump.fun) and futarchy-governed curation (MetaDAO), but is losing market position to both extremes as the launchpad market segments.
+
+## Timeline
+- **2025-Q3** — Launched 5 projects raising $7.53M total
+- **2025-Q4** — Declined to 3 launches raising $5.4M total, showing 40% drop in launch count and 28% drop in capital raised
+
+## Relationship to KB
+- Part of the Solana launchpad competitive landscape alongside [[metadao]] and [[pump-fun]]
+- Demonstrates that traditional curation without futarchy governance is losing ground to both permissionless volume and mechanism-driven quality

inbox/archive/2026-00-00-crypto-trends-lessons-2026-ownership-coins.md

@@ -7,14 +7,14 @@ date: 2026-00-00
 domain: internet-finance
 secondary_domains: []
 format: article
-status: enrichment
+status: processed
 priority: medium
 tags: [ownership-coins, crypto-trends, 2026, metadao, narrative]
 processed_by: rio
 processed_date: 2026-03-11
-enrichments_applied: ["MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md", "cryptos primary use case is capital formation not payments or store of value because permissionless token issuance solves the fundraising bottleneck that solo founders and small teams face.md", "futarchy-governed permissionless launches require brand separation to manage reputational liability because failed projects on a curated platform damage the platforms credibility.md"]
+enrichments_applied: ["MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md", "futarchy-governed permissionless launches require brand separation to manage reputational liability because failed projects on a curated platform damage the platforms credibility.md"]
 extraction_model: "anthropic/claude-sonnet-4.5"
-extraction_notes: "Strong comparative data on MetaDAO vs Pump.fun survival rates provides best evidence to date for futarchy curation quality. Ownership coin narrative adoption by institutional research (Galaxy Digital) signals category legitimation. AVICI holder retention data provides behavioral evidence for ownership alignment. Created Pump.fun and Galaxy Digital entities as significant new actors in the ownership coin narrative."
+extraction_notes: "Strong comparative evidence for futarchy curation quality (100% vs 0.5% survival). Institutional narrative adoption (Galaxy Digital + multiple research outlets) signals mainstream validation of ownership coin category. Created entities for Pump.fun, Metaplex Genesis, and Galaxy Digital as they are significant comparative/validation actors. AVICI holder retention data enriches existing community ownership claims."
 ---
 
 ## Content
@@ -49,8 +49,8 @@ EXTRACTION HINT: Focus on (1) Pump.fun vs MetaDAO survival rates as futarchy cur
 
 
 ## Key Facts
-- Pump.fun: 11M+ tokens launched, $700M+ revenue, 70% of Solana launches, <0.5% 30-day survival rate
-- MetaDAO: 100% of launches trading above ICO price (2026)
-- Metaplex Genesis: 3 launches/$5.4M in Q4 2025 vs 5/$7.53M in Q3 2025 (declining)
-- AVICI: 12,752 holders, lost 600 (4.7%) during 65% drawdown
+- Pump.fun: $700M+ revenue, 11M+ tokens launched, 70% of Solana launches, <0.5% survive 30 days
+- Metaplex Genesis: declined from 5 launches/$7.53M (Q3) to 3 launches/$5.4M (Q4)
+- AVICI: 95.3% holder retention through 65% drawdown (lost 600 of 12,752 holders)
+- Galaxy Digital framing: ownership coins combine 'economic, legal, and governance rights in one asset'
 - Prediction: at least one ownership coin project surpasses $1B market cap in 2026