rio: extract from 2026-03-00-solana-launchpad-competitive-landscape.md

- Source: inbox/archive/2026-03-00-solana-launchpad-competitive-landscape.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 2)

Pentagon-Agent: Rio <HEADLESS>

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
-- **2026-03-00** — Competitive analysis positions MetaDAO as "quality filter" opposite of Pump.fun with 8 ICOs, $25.6M raised, 15x oversubscription versus Pump.fun's 11M+ launches with <0.5% survival rate
+- **2026-03-00** — Competitive analysis positions MetaDAO as "quality filter" launchpad with 8 ICOs, $25.6M raised, 15x average oversubscription, contrasting with Pump.fun's permissionless model (11M+ launches, <0.5% survival rate)
 ## Key Decisions
 | Date | Proposal | Proposer | Category | Outcome |
 |------|----------|----------|----------|---------|

inbox/archive/2026-03-00-solana-launchpad-competitive-landscape.md

@@ -12,9 +12,9 @@ priority: medium
 tags: [solana, launchpads, pump-fun, metadao, capital-formation, token-launches, competitive-landscape]
 processed_by: rio
 processed_date: 2026-03-11
-enrichments_applied: ["futarchy-governed permissionless launches require brand separation to manage reputational liability because failed projects on a curated platform damage the platforms credibility.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", "ownership coins primary value proposition is investor protection not governance quality because anti-rug enforcement through market-governed liquidation creates credible exit guarantees that no amount of decision optimization can match.md", "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"]
+enrichments_applied: ["futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability.md", "ownership-coins-primary-value-proposition-is-investor-protection-not-governance-quality.md", "cryptos-primary-use-case-is-capital-formation-not-payments-or-store-of-value.md", "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", "internet-capital-markets-compress-fundraising-timelines.md"]
 extraction_model: "anthropic/claude-sonnet-4.5"
-extraction_notes: "Extracted three claims about competitive dynamics in Solana launchpad market: MetaDAO's oversubscription performance, Pump.fun's volume-based revenue model, and the broader market structure (9M launches, 0.5% survival). Enriched four existing claims with competitive context and survival rate data. Created four new entity pages (Pump.fun, Solanium, Bags.fm, Magic Eden) and updated MetaDAO timeline. The core insight is the curation-permissionless spectrum and how different business models (volume fees vs quality filtering) perform in a market with 99.5% failure rate. The 15x oversubscription vs <0.5% survival contrast is the key empirical validation of the brand separation thesis."
+extraction_notes: "Extracted two major claims about MetaDAO's competitive positioning and the Solana launchpad survival rate dynamics. Applied five enrichments to existing claims with strong confirming/extending evidence. Created five new entity pages for competitive launchpad platforms (Pump.fun, Solanium, Bags.fm, Magic Eden) and updated MetaDAO entity with competitive positioning data. The source provides crucial market structure evidence for the curation vs permissionless spectrum and validates multiple existing KB claims about futarchy governance, investor protection, and capital formation use cases."
 ---
 
 ## Content
@@ -60,11 +60,10 @@ EXTRACTION HINT: Focus on the curation vs permissionless spectrum as a market st
 
 
 ## Key Facts
-- Pump.fun: $700M+ revenue since January 2024 from 11M+ token launches
-- Pump.fun: 70% market share of Solana token launches at peak
-- Pump.fun: <0.5% of launched tokens survive 30 days
-- Solana 2025: 9M+ tokens launched, <0.5% survived >30 days
+- Pump.fun: $700M+ revenue since January 2024, 11M+ tokens launched, 70% market share at peak
+- Solana 2025: 9M+ tokens launched, <0.5% survived 30 days
 - MetaDAO: 8 ICOs, $25.6M raised, 15x average oversubscription
-- Solanium: KYC + staking tiers + community vetting model
-- Bags.fm: 1% perpetual revenue share on trading volume to creators
-- Magic Eden: NFT-focused, highly selective launchpad
+- Pump.fun bonding curve: 1B tokens per launch, 800M to curve
+- Solanium: KYC, staking tiers, community vetting (traditional IDO)
+- Bags.fm: 1% perpetual revenue share on trading volume
+- Magic Eden: NFT-focused, highly selective, application-based