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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 47 additions and 63 deletions

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@ -11,75 +11,60 @@ proposal_url: "https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6
proposal_date: 2025-10-15
resolution_date: 2025-10-18
category: "treasury"
summary: "Expand coal supply to 25M, airdrop 420 COAL to 2,314 META holders, establish 3M COAL dev fund, migrate to v0.6 governance"
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
autocrat_version: "0.3"
proposal_length: "3 days"
new_governance_params:
twap_delay: "1 day"
min_liquidity: "1500 USDC, 2000 COAL"
pass_threshold: "100 bps"
coal_staked: "10,000"
proposal_length: "3 days"
---
# coal: Let's get Futarded
## Summary
This proposal executed a comprehensive governance and tokenomics upgrade for coal, the only proof-of-work memecoin on Solana. It expanded total supply from 21M to 25M COAL through a one-time mint, distributed 420 COAL to each of 2,314 eligible META holders (snapshot October 12, 2025), established a 3.03M COAL development fund with monthly disbursement guardrails, and migrated the DAO to v0.6 governance infrastructure with futarchy AMM capabilities.
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
- **Proposer:** HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC
- **Proposal Account:** 6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA
- **DAO Account:** 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
- **Duration:** October 15-18, 2025 (3 days)
- **Autocrat Version:** 0.3
- **Completed:** 2025-10-18
## Proposal Structure
### Airdrop Component
- **Eligibility:** All META holders at October 12, 2025 snapshot holding ≥$100 notional value
- **Amount:** 420 COAL per eligible wallet
- **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
### 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 dev fund
- **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
### Development Fund
- **Size:** 3,028,120 COAL
- **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
- **Purpose:** Protocol development, futarchy experiments, community contributions, tooling, integrations, marketing, liquidity seeding
- **Liquidity Kickstart:** OTC buyer lined up to purchase portion of Dev Fund; proceeds seed futarchy AMM
### Governance Migration
- **Target:** v0.6 DAO infrastructure
- **New Features:** DAO treasury, futarchy AMM, full governance tooling
### v.06 DAO Governance Parameters
- **TWAP Delay:** 1 day
- **Minimum Liquidity:** 1,500 USDC + 2,000 COAL
- **Pass Threshold:** 100 basis points
- **Staking Requirement:** 10,000 COAL
- **Proposal Duration:** 3 days
### Liquidity Strategy
- **OTC Buyer:** Lined up to purchase portion of dev fund
- **Proceeds Use:** Seed futarchy AMM and bootstrap COAL liquidity
- **Minimum Liquidity:** 1,500 USDC, 2,000 coal
- **Pass Threshold:** 100 bps
- **Staking Requirement:** 10,000 coal
- **Proposal Length:** 3 days
## Significance
This proposal represents a comprehensive transition from experimental memecoin to structured futarchy-governed protocol. The META holder airdrop creates cross-pollination between MetaDAO's futarchy ecosystem and coal's proof-of-work model. The development fund with explicit guardrails (monthly caps, large-grant thresholds requiring separate markets) demonstrates maturing governance design that balances operational flexibility with market oversight. The migration to v0.6 infrastructure with futarchy AMM capabilities positions coal as a testing ground for futarchy mechanisms in the memecoin context.
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
- [[futardio]] — governance platform
- [[MetaDAO]] — source of airdrop recipients
- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — exemplifies governance model
- [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — demonstrates supply expansion mechanism
- [[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
- [[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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@ -7,27 +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_amount: "971,880 COAL (420 per eligible wallet)"
dev_fund: "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
min_meta_holding: "$100 USD notional value"
snapshot_date: "2025-10-12"
dev_fund: "3,028,120 coal"
monthly_disbursement_cap: "30,000 coal"
large_grant_threshold: "69,000 coal (requires separate decision market)"
---
# coal
## 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 [[futardio]] for governance decisions. In October 2025, coal executed a supply expansion and META holder airdrop to establish a development fund and migrate to v0.6 DAO governance with futarchy AMM infrastructure.
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: airdrop 420 COAL per eligible META holder, expand supply to 25M, establish dev fund
- **2025-10-18** — Proposal passed and completed; supply increased from 21M to 25M COAL, dev fund established with 3.03M COAL
- **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]] — parent ecosystem for META token holders receiving 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: coal supply expansion, META airdrop, dev fund establishment
- **2025-10-18** — [[coal-lets-get-futarded]] passed: coal migrated to v0.6 DAO governance with futarchy AMM infrastructure
## 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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@ -54,7 +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
- **2025-10-15** — coal proposed airdrop of 420 COAL to 2,314 META holders (≥$100 holding at Oct 12 snapshot)
- **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: "Proposal data extraction for coal governance decision. Created new entity for coal (PoW memecoin) and decision_market entity for the proposal. No novel claims about futarchy mechanisms—this is a straightforward application of existing futarchy-governed DAO patterns. Updated timeline entries for futardio and metadao to reflect cross-ecosystem activity."
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 (one-time increase of 4M)
- 2,314 META holder wallets eligible for 420 COAL airdrop (snapshot 2025-10-12)
- coal dev fund established with 3,028,120 COAL and 30K monthly disbursement cap
- coal migrated to v0.6 DAO governance with futarchy AMM (2025-10-18)
- 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
- coal governance parameters: 1-day TWAP delay, 1500 USDC + 2000 COAL min liquidity, 100 bps pass threshold, 10K COAL stake requirement, 3-day proposals