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c9379eca34 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 2)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 14:30:45 +00:00
5 changed files with 48 additions and 62 deletions

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@ -11,23 +11,15 @@ proposal_url: "https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6
proposal_date: 2025-10-15
resolution_date: 2025-10-18
category: "treasury"
summary: "Approved META holder airdrop, supply expansion to 25M COAL, Development Fund establishment, and v0.6 DAO migration"
summary: "Proposal to airdrop 420 coal to META holders, expand total supply to 25M, establish Development Fund, and migrate to v.06 DAO governance"
tracked_by: rio
created: 2026-03-11
key_metrics:
proposal_number: 3
proposal_length: "3 days"
airdrop_total: "971,880 COAL"
dev_fund_total: "3,028,120 COAL"
supply_increase: "4,000,000 COAL"
eligible_wallets: 2314
airdrop_per_wallet: "420 COAL"
---
# coal: Let's get Futarded
## Summary
Proposal to onboard MetaDAO community through airdrop, expand COAL supply for development funding, and establish transparent Development Fund with governance guardrails. Passed on 2025-10-18, enabling migration to v0.6 DAO governance structure.
This proposal executed three major changes for coal: (1) airdropped 420 coal to each of 2,314 eligible META holders (snapshot October 12, 2025), (2) increased total supply from 21M to 25M coal to fund the airdrop and establish a 3M+ coal Development Fund, and (3) migrated coal to MetaDAO's v.06 governance infrastructure with futarchy AMM and structured treasury management.
## Market Data
- **Outcome:** Passed
@ -35,46 +27,44 @@ Proposal to onboard MetaDAO community through airdrop, expand COAL supply for de
- **Proposal Account:** 6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA
- **DAO Account:** 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
- **Autocrat Version:** 0.3
- **Duration:** 3 days (2025-10-15 to 2025-10-18)
- **Completed:** 2025-10-18
## Proposal Components
## Proposal Structure
### 1. META Holder Airdrop
- **Eligibility:** All META holders at snapshot (October 12, 2025) holding ≥$100 notional value
- **Amount:** 420 COAL per eligible wallet
### Airdrop Component
- **Eligibility:** All META holders at October 12, 2025 snapshot holding ≥$100 worth of META
- **Amount:** 420 coal per eligible wallet
- **Total Recipients:** 2,314 wallets
- **Total Airdrop:** 971,880 COAL
- **Total Airdrop:** 971,880 coal
### 2. Supply Expansion
- **Previous Supply:** 21,000,000 COAL
- **New Supply:** 25,000,000 COAL
- **One-time Increase:** 4,000,000 COAL
- **Breakdown:**
- 971,880 COAL → Airdrop
- 3,028,120 COAL → Development Fund
### 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 Development Fund
- **Mining Emissions:** Unchanged
### 3. Development Fund Structure
- **Purpose:** Protocol development, futarchy experiments, community contributions, tooling, integrations, marketing, liquidity seeding
### Development Fund
- **Purpose:** Protocol development, futarchy experiments, community contributions, tooling, integrations, marketing, onboarding, liquidity seeding
- **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
- **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
- **Liquidity Bootstrap:** OTC buyer lined up to purchase portion of Dev Fund; proceeds seed futarchy AMM
- **Liquidity Kickstart:** OTC buyer lined up to purchase portion of Dev Fund; proceeds seed futarchy AMM
### 4. v0.6 DAO Governance Migration
### v.06 DAO Governance Parameters
- **TWAP Delay:** 1 day
- **Minimum Liquidity:** 1,500 USDC, 2,000 COAL
- **Minimum Liquidity:** 1,500 USDC, 2,000 coal
- **Pass Threshold:** 100 bps
- **Required Stake:** 10,000 COAL
- **Staking Requirement:** 10,000 coal
- **Proposal Length:** 3 days
## Significance
This proposal represents a complete governance maturation for coal, transitioning from informal coordination to structured futarchy with treasury management, transparent fund disbursement, and formal proposal mechanisms. The META holder airdrop creates cross-pollination between MetaDAO and coal communities, while the Development Fund provides sustainable runway without relying on continuous token sales. The v0.6 migration establishes coal as a "real" DAO with full futarchy infrastructure.
This proposal represents a comprehensive governance and treasury architecture upgrade for a futarchy memecoin. The airdrop to META holders creates cross-pollination between MetaDAO's governance token community and coal's mining/memecoin community. The Development Fund with structured guardrails (monthly caps, large-grant decision markets, transparency requirements) demonstrates how futarchy DAOs can implement operational treasury management while maintaining market-based governance. The migration to v.06 infrastructure with futarchy AMM and formal proposal parameters shows the maturation path from experimental governance to production-ready DAO architecture.
## Relationship to KB
- [[coal]] — parent entity
- [[MetaDAO]] — airdrop targets META holders
- [[futardio]] — governance platform
- [[MetaDAO]] — governance infrastructure provider
- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — demonstrates futarchy memecoin governance in practice
- [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — exemplifies supply expansion for treasury funding
- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — Development Fund guardrails demonstrate this convergence
- [[MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window]] — uses Autocrat v0.3 for governance

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@ -7,29 +7,29 @@ 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_allocation: "971,880 COAL"
dev_fund_allocation: "3,028,120 COAL"
total_supply: "25,000,000 (increased from 21,000,000)"
airdrop_amount: "420 coal per eligible META holder"
eligible_wallets: 2314
airdrop_amount_per_wallet: "420 COAL"
min_meta_holding: "$100 USD notional"
snapshot_date: "2025-10-12"
monthly_disbursement_cap: "30,000 COAL"
large_grant_threshold: "69,000 COAL"
dev_fund: "3,028,120 coal"
monthly_disbursement_cap: "30,000 coal"
large_grant_threshold: "69,000 coal (requires separate decision market)"
---
# coal
$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 transitioned to v0.6 DAO governance with futarchy AMM, DAO treasury, and structured proposal mechanisms.
## 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 futarchy governance via MetaDAO's v.06 DAO infrastructure with conditional token markets for decision-making.
## 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: one-time airdrop of 420 $coal per eligible META holder, supply expansion from 21M to 25M tokens, and establishment of Development Fund with 3,028,120 COAL allocation
- **2025-10-18** — [[coal-lets-get-futarded]] passed: approved airdrop, supply increase, Development Fund with monthly 30K COAL disbursement cap to lead dev Grant, and migration to v0.6 DAO governance with futarchy AMM
- **2025-10-12** — Snapshot taken of META holders for airdrop eligibility (2,314 wallets holding at least $100 worth of META)
- **2025-10-15** — [[coal-lets-get-futarded]] proposal created to expand supply, airdrop to META holders, and establish Development Fund
- **2025-10-18** — Proposal passed; total supply increased from 21M to 25M coal; 971,880 coal allocated to airdrop (420 per eligible wallet), 3,028,120 to Development Fund
- **2025-10-18** — Migration to v.06 DAO governance with futarchy AMM, DAO treasury, and new proposal parameters (1-day TWAP delay, 1500 USDC/2000 coal minimum liquidity, 100 bps pass threshold, 10,000 coal stake requirement, 3-day proposal length)
## Relationship to KB
- [[futardio]] — governance platform
- [[MetaDAO]] — ecosystem relationship through META holder airdrop
- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — exemplifies futarchy memecoin model
- [[MetaDAO]] — governance infrastructure provider
- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — exemplifies futarchy memecoin model
- [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — demonstrates supply expansion for treasury funding
## Sources
- Futardio proposal: Let's get Futarded (2025-10-15)

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@ -46,8 +46,6 @@ 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 platform
- **2025-10-18** — [[coal-lets-get-futarded]] passed: coal DAO approved META holder airdrop (971,880 COAL to 2,314 wallets), supply expansion to 25M tokens, Development Fund establishment (3,028,120 COAL), and migration to v0.6 governance
## 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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@ -54,8 +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
- **2025-10-12** — coal DAO takes snapshot of META holders for airdrop eligibility (2,314 wallets holding ≥$100 META)
- **2025-10-18** — coal DAO airdrop approved: 420 COAL per eligible META holder (971,880 COAL total), creating cross-community alignment between MetaDAO and coal ecosystems
- **2025-10-18** — [[coal-lets-get-futarded]] passed: coal migrated to v.06 DAO governance infrastructure with futarchy AMM and structured treasury management
## Key Decisions
| Date | Proposal | Proposer | Category | Outcome |
|------|----------|----------|----------|---------|

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@ -12,7 +12,7 @@ event_type: proposal
processed_by: rio
processed_date: 2026-03-11
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Extracted coal as new entity (futarchy-governed PoW memecoin on Solana), created decision_market entity for the governance proposal, and added timeline entries to futardio and metadao. No new claims extracted — this is primarily factual governance data documenting a treasury/airdrop decision. The proposal demonstrates existing patterns (supply expansion for treasury funding, development fund guardrails) rather than introducing novel mechanisms or insights."
extraction_notes: "Proposal is primarily factual governance/treasury data. Created coal entity (new futarchy memecoin) and decision_market entity for the proposal. Updated MetaDAO timeline with coal's v.06 migration. No novel claims about futarchy mechanisms—the proposal demonstrates existing patterns (supply expansion for treasury funding, structured disbursement caps, large-grant decision markets) already captured in KB. The airdrop to META holders and v.06 migration are significant events but represent execution of known futarchy DAO patterns rather than new mechanism insights."
---
## Proposal Details
@ -104,9 +104,8 @@ Voting
## Key Facts
- coal total supply expanded from 21M to 25M tokens (one-time increase of 4M)
- 2,314 META holder wallets eligible for 420 COAL airdrop (snapshot 2025-10-12)
- Development Fund allocated 3,028,120 COAL with 30K monthly disbursement cap
- v0.6 DAO parameters: 1-day TWAP delay, 1500 USDC + 2000 COAL min liquidity, 100 bps pass threshold, 10K COAL stake requirement, 3-day proposals
- coal total supply increased from 21M to 25M (2025-10-18)
- 2,314 META holder wallets eligible for 420 coal airdrop (snapshot 2025-10-12)
- coal Development Fund allocated 3,028,120 coal with 30,000 monthly disbursement cap
- coal v.06 DAO parameters: 1-day TWAP delay, 1500 USDC/2000 coal minimum liquidity, 100 bps pass threshold, 10,000 coal stake requirement, 3-day proposals
- coal is the only PoW coin on Solana post-Ore transition
- Proposal passed 2025-10-18 after 3-day voting period