rio: extract from 2024-06-05-futardio-proposal-fund-futuredaos-token-migrator.md

- Source: inbox/archive/2024-06-05-futardio-proposal-fund-futuredaos-token-migrator.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 5)

Pentagon-Agent: Rio <HEADLESS>

domains/internet-finance/Living Capital fee revenue splits 50 percent to agents as value creators with LivingIP and metaDAO each taking 23.5 percent as co-equal infrastructure and 3 percent to legal infrastructure.md

@@ -24,6 +24,12 @@ source: "Strategy session analysis, March 2026"
 
 **Not finalized.** This is current directional thinking. The specific percentages may shift based on negotiations with metaDAO and legal infrastructure providers, the actual cost structure as vehicles launch, and how value creation distributes across the stack in practice.
 
+
+### Additional Evidence (extend)
+*Source: [[2024-06-05-futardio-proposal-fund-futuredaos-token-migrator]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5*
+
+FutureDAO's Champions NFT revenue model inverts the typical fee-split structure by routing 100% of protocol fees directly to staked NFT holders with zero revenue to DAO treasury. Unlike Living Capital's multi-stakeholder split (50% agents, 23.5% LivingIP, 23.5% metaDAO, 3% legal), FutureDAO eliminates intermediary claims on protocol revenue. Fees (1-2% of migrated token supply) are delivered as newly minted tokens over 30 days to staked Champions NFT holders. This represents an alternative revenue architecture where NFT holders capture full upside but DAO must fund operations from other sources.
+
 ---
 
 Relevant Notes:

domains/internet-finance/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

@@ -86,7 +86,7 @@ Futardio cult launch (2026-03-03 to 2026-03-04) demonstrates MetaDAO's platform
 ### Additional Evidence (extend)
 *Source: [[2024-06-05-futardio-proposal-fund-futuredaos-token-migrator]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5*
 
-(extend) FutureDAO demonstrates MetaDAO's platform strategy extending beyond direct ICO launches into token migration and community takeover use cases. The proposal explicitly states FutureDAO is "powered by MetaDAO's futarchy infrastructure" and is "building the Future Protocol to help communities safeguard and amplify value." FutureDAO launched with $12,000 USDC development budget and projects $270K first-year revenue from 8 migrations, suggesting the economics of building derivative applications on MetaDAO's futarchy infrastructure are viable for niche use cases. This indicates MetaDAO's infrastructure is being adopted as a platform layer for specialized governance applications beyond the core ICO use case.
+FutureDAO is building on MetaDAO's futarchy infrastructure to create a token migration tool for community takeovers of abandoned projects. The proposal was submitted through futard.io (MetaDAO's proposal platform) and passed 2024-06-08. FutureDAO describes itself as 'a market-governed decentralized organization powered by MetaDAO's futarchy infrastructure' building the Future Protocol for on-chain token migrations. This represents MetaDAO infrastructure being used for post-launch governance (community takeovers and token migrations) rather than just initial fundraising, demonstrating futarchy's applicability to ongoing protocol governance beyond capital formation.
 
 ---
 

domains/internet-finance/futuredao-champions-nft-staking-captures-migration-fee-revenue-through-spl-404-token-gating.md

@@ -0,0 +1,71 @@
+---
+type: claim
+domain: internet-finance
+description: "FutureDAO routes all token migration fees to staked Champions NFT holders rather than to DAO treasury creating NFT-gated revenue share"
+confidence: experimental
+source: "FutureDAO proposal via futard.io, 2024-06-05"
+created: 2024-06-05
+---
+
+# FutureDAO Champions NFT staking captures migration fee revenue through SPL-404 token gating
+
+FutureDAO's token migrator routes 100% of protocol fees to Champions NFT holders who stake through SPL-404 mechanism, with zero revenue to DAO treasury. Fees are delivered as newly minted tokens over 30 days, creating continuous revenue stream tied to migration volume rather than one-time NFT sale.
+
+This is a distinct revenue model from typical DAO fee structures:
+- **Traditional DAO:** Protocol fees → treasury → governance decides distribution
+- **FutureDAO:** Protocol fees → staked NFT holders directly (no governance intermediation)
+
+The SPL-404 staking requirement creates token-gating: only active stakers receive revenue, preventing passive NFT holding from capturing value.
+
+## Evidence
+
+From the FutureDAO proposal (2024-06-05):
+
+**Fee Structure:**
+"FutureDAO does not benefit monetarily from these token migrations. All fees are directed to the Champions NFT holders. To be eligible for rewards, the NFTs must be staked (SPL-404) within the Future Protocol NFT Portal."
+
+**Fee Rates (market-cap based):**
+- Projects with FDMC <$1M = 2% fee
+- Projects with FDMC <$5M = 1.5% fee  
+- Projects with FDMC <$20M = 1% fee
+
+**Distribution Mechanism:**
+"The fees are taken as inflation on the $newTOKEN mint and are delivered to the Champions NFT DAO over a 30 day period."
+
+**Example (MERTD migration):**
+- 1 billion tokens in circulation, $2M FDMC
+- New supply: 1.12 billion tokens
+- Allocation: 1B for holders (1:1), 60M presale, 45M treasury, **15M to Champions NFT DAO**
+- Fee = 1.5% of new supply delivered over 30 days
+
+**Projected Revenue:**
+"If Future's Takeover Tool is utilized for 8 project de-ruggings in its first year, it could generate $270,000 for Future community members that hold Future Champion's NFTs."
+- 3 projects <$1M FDMC @ 2% = $60K
+- 4 projects <$5M FDMC @ 1.5% = $120K
+- 1 project <$20M FDMC @ 1% = $50K
+
+## Mechanism Design Implications
+
+This structure creates several interesting dynamics:
+
+1. **NFT as revenue right:** Champions NFT functions as perpetual claim on protocol revenue, similar to equity but without governance weight
+2. **Staking requirement:** SPL-404 token-gating prevents passive holding, requiring active participation for revenue capture
+3. **30-day vesting:** Smooths revenue distribution and prevents dump-on-receipt behavior
+4. **Zero treasury capture:** DAO has no revenue from its own protocol, relying entirely on NFT holder incentive alignment
+
+The zero-treasury model is unusual. Most protocols route fees to treasury for operational expenses, with NFT/token holders receiving governance rights or profit share after costs. FutureDAO inverts this: NFT holders get 100% of revenue, DAO gets governance control but no direct income.
+
+This may create sustainability issues if DAO needs operational capital beyond initial $12K budget, or it may reflect assumption that NFT holders will vote to fund operations from their revenue.
+
+## Challenges
+
+1. **Sustainability:** How does DAO fund ongoing development/operations with zero protocol revenue?
+2. **Incentive alignment:** Do NFT holders have sufficient incentive to vote for protocol improvements that don't immediately increase migration volume?
+3. **Securities risk:** Revenue-bearing NFTs with no governance rights may face securities classification challenges
+4. **Liquidity:** 30-day vesting in newly minted tokens (not stablecoins) exposes NFT holders to price volatility of migrated tokens
+5. **Concentration risk:** If Champions NFT supply is small, revenue may concentrate in few hands
+
+---
+
+Topics:
+- [[Living Capital fee revenue splits 50 percent to agents as value creators with LivingIP and metaDAO each taking 23.5 percent as co-equal infrastructure and 3 percent to legal infrastructure]]

domains/internet-finance/futuredao-token-migrator-enables-community-takeovers-of-abandoned-projects-through-structured-on-chain-migration-protocol.md

@@ -1,56 +0,0 @@
----
-type: claim
-domain: internet-finance
-description: "FutureDAO's migrator provides structured protocol for communities to reclaim rugged or abandoned tokens through conditional presale mechanics with 60% success threshold"
-confidence: experimental
-source: "FutureDAO Token Migrator proposal on Futardio, 2024-06-05"
-created: 2024-06-05
----
-
-# FutureDAO token migrator enables community takeovers of abandoned projects through structured on-chain migration protocol
-
-FutureDAO's Token Migrator creates a structured on-chain protocol for communities to transition from abandoned or rugged tokens to new tokens with proper governance. The mechanism addresses a specific market gap: the proposal cites "27 notable meme coin presales on Solana in the past 12 months" with high abandonment rates, creating stranded communities with no recourse.
-
-The protocol works through conditional presale mechanics:
-1. Community sets migration parameters (date, duration, presale raise amount, treasury allocation)
-2. Presale launches with old tokens swappable for new tokens (locked until completion)
-3. Success threshold: >60% of presale target raised
-4. If successful: old token LP reclaimed, new token + SOL placed in LP, tokens claimable
-5. If unsuccessful: presale SOL returned, new tokens swapped back to old, new tokens burned
-
-The 60% threshold creates a credible commitment mechanism—communities must demonstrate sufficient coordination to justify the migration. Non-migrating holders receive 50% airdrop as compensation, addressing the minority protection problem that standard token voting lacks.
-
-Dilution caps scale with market cap to balance fundraising needs against holder protection:
-- <$1M FDMC: 15% max dilution (7.5% presale, 5.5% treasury, 2% DAO fee)
-- <$5M FDMC: 12% max dilution (6% presale, 4.5% treasury, 1.5% DAO fee)  
-- <$20M FDMC: 10% max dilution (5% presale, 4% treasury, 1% DAO fee)
-
-The protocol launched with $12,000 USDC budget ($6K development, $6K security audits) and projects $270K first-year revenue from 8 migrations, suggesting $33.75K average fee per migration.
-
-## Evidence
-
-From the proposal:
-- "27 notable meme coin presales on Solana in the past 12 months" with high abandonment rates cited as market validation
-- Conditional success: ">60% Presale Raised" triggers migration completion; below threshold triggers full refund and token burn
-- Non-migrating holders "airdropped 50%" as minority protection mechanism
-- Fee structure: 2% (<$1M), 1.5% (<$5M), 1% (<$20M) FDMC, directed to staked Champions NFT holders
-- "$12,000 USDC" total budget for development and audits
-- Projected "$270,000" revenue from "8 project de-ruggings in its first year"
-
-## Limitations
-
-The proposal does not address:
-- How the 60% threshold was determined or validated (why not 50% or 75%?)
-- Mechanism for resolving disputes over migration parameters or presale mechanics
-- Protection against malicious "Future Champions" who could extract value through information asymmetry or steering communities toward unfavorable terms
-- Whether the 50% airdrop to non-migrators creates adverse selection (sophisticated holders migrate, unsophisticated holders get diluted)
-- Post-migration governance structure or recourse if new token team also abandons project
-
----
-
-Relevant Notes:
-- [[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]]
-- [[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]]
-
-Topics:
-- internet-finance

domains/internet-finance/futuredao-token-migrator-enables-community-takeovers-through-structured-on-chain-migration-with-60-percent-presale-threshold.md

@@ -0,0 +1,67 @@
+---
+type: claim
+domain: internet-finance
+description: "FutureDAO's migrator uses 60% presale threshold and conditional token swap to enable community takeovers of abandoned projects"
+confidence: experimental
+source: "FutureDAO proposal via futard.io, 2024-06-05"
+created: 2024-06-05
+---
+
+# FutureDAO token migrator enables community takeovers through structured on-chain migration with 60 percent presale threshold
+
+FutureDAO's token migration tool creates a structured protocol for communities to take control of abandoned or poorly managed projects through a conditional swap mechanism. The design requires 60% of presale target to be raised for migration to execute, with automatic refunds if threshold fails. Old tokens are locked during migration, new tokens plus raised SOL form liquidity pool, and non-migrating holders receive 50% airdrop of new tokens.
+
+The mechanism addresses the coordination problem in community takeovers by providing:
+- Clear success/failure criteria (60% presale threshold)
+- Automatic execution and refunds (no trust required)
+- Liquidity bootstrapping (raised SOL + new tokens → LP)
+- Minority protection (50% airdrop to non-participants)
+
+This is distinct from simple token swaps or airdrops because it combines fundraising, migration, and liquidity provision in a single atomic operation with conditional execution.
+
+## Evidence
+
+From the FutureDAO proposal (2024-06-05):
+
+**Migration Process:**
+1. Community onboarded, parameters set (migration date, presale amount, treasury allocation)
+2. Token added to migrator frontend, presale goes live
+3. Old tokens swapped for new tokens (locked until completion)
+4. **Successful (>60% presale raised):** old tokens sold to reclaim LP, new tokens + raised SOL placed in LP, tokens claimable, unclaimed sent to community multisig, non-migrators airdropped 50%
+5. **Unsuccessful (<60% presale raised):** presale SOL returned, new tokens swapped back to old, all new tokens burnt
+
+**Fee Structure (market-cap based):**
+- <$1M FDMC: 15% total dilution (7.5% presale, 5.5% treasury, 2% DAO fee)
+- <$5M FDMC: 12% total dilution (6% presale, 4.5% treasury, 1.5% DAO fee)
+- <$20M FDMC: 10% total dilution (5% presale, 4% treasury, 1% DAO fee)
+
+**Origin:** "Born from our own experience with a takeover of $MERTD after the project team 'rugged'"
+
+**Target Use Cases:**
+- Rugged projects (preserve community, restore value)
+- Dead projects (revitalization)
+- Metadata changes (transparency improvements)
+- Fundraising (financial support for promising projects)
+- Token extensions (re-launch in new standards)
+- Hostile takeovers (community control over failed teams)
+
+**Financial Projections:** If used for 8 project de-ruggings in first year, could generate $270,000 for Champions NFT holders (3 projects <$1M FDMC = $60K, 4 projects <$5M FDMC = $120K, 1 project <$20M FDMC = $50K)
+
+**Budget:** $12,000 USDC ($6K tool development, $6K security audits)
+
+## Challenges
+
+This is a single proposal from a project team, not yet implemented or tested. Key uncertainties:
+
+1. **Coordination threshold:** Is 60% the right threshold? Too high may cause viable migrations to fail, too low may not represent sufficient community buy-in
+2. **Liquidity depth:** Raised SOL may be insufficient for healthy liquidity given dilution from presale/treasury/fees
+3. **Adverse selection:** May attract primarily failed projects rather than projects with genuine community value
+4. **Legal exposure:** Community takeovers of existing tokens may face securities law challenges
+5. **Execution risk:** $12K budget for tool + audits is lean for production-grade smart contracts
+
+The 50% airdrop to non-migrators is interesting minority protection but creates free-rider incentive (wait for migration to succeed, get airdrop without contributing to presale).
+
+---
+
+Topics:
+- [[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]]

domains/internet-finance/spl-404-enables-fungible-nft-swap-revenue-for-daos-by-bridging-governance-tokens-and-nft-liquidity-on-solana.md

@@ -1,47 +0,0 @@
----
-type: claim
-domain: internet-finance
-description: "SPL-404 token standard allows NFTs to function as stakeable governance tokens that capture protocol revenue through fungible-NFT hybrid architecture on Solana"
-confidence: experimental
-source: "FutureDAO Token Migrator proposal on Futardio, 2024-06-05"
-created: 2024-06-05
----
-
-# SPL-404 enables fungible-NFT swap revenue for DAOs by bridging governance tokens and NFT liquidity on Solana
-
-FutureDAO's Token Migrator uses SPL-404 to create a revenue distribution mechanism where NFT holders capture protocol fees by staking their NFTs. This solves a structural problem in DAO governance: how to distribute protocol revenue to contributors without creating securities classification risk.
-
-The mechanism works through fungible-NFT bridging:
-1. "Future Champions" NFTs must be staked (SPL-404) to be eligible for rewards
-2. Migration fees (1-2% of new token supply based on FDMC) are "delivered to the Champions NFT DAO over a 30 day period"
-3. NFT staking creates a clean separation: the NFT is the revenue-bearing asset, not the governance token
-4. "FutureDAO does not benefit monetarily from these token migrations. All fees are directed to the Champions NFT holders."
-
-In the $MERTD migration example, the protocol minted 1.12 billion total tokens with "15 million tokens delivered to the Champions NFT DAO" (2% of 1 billion base supply), vested over 30 days. This vesting period suggests the protocol is managing liquidity risk—immediate distribution could create sell pressure, while vesting aligns NFT holder incentives with protocol success over time.
-
-## Evidence
-
-From the proposal:
-- "To be eligible for rewards, the NFTs must be staked (SPL-404) within the Future Protocol NFT Portal"
-- Fee structure delivers "15 million tokens delivered to the Champions NFT DAO" in the $MERTD example (2% of 1 billion base supply)
-- "FutureDAO does not benefit monetarily from these token migrations. All fees are directed to the Champions NFT holders"
-- Fees "delivered to the Champions NFT DAO over a 30 day period"
-- Fee rates: 2% (<$1M FDMC), 1.5% (<$5M FDMC), 1% (<$20M FDMC)
-
-## Limitations
-
-The proposal does not explain:
-- Why SPL-404 specifically (what properties of this standard enable the mechanism vs. alternatives?)
-- Whether staked NFTs can be traded or transferred (liquidity vs. lock-up tradeoff)
-- How fee distribution is calculated per individual NFT (equal split across all staked NFTs? weighted by stake duration?)
-- Securities classification analysis for revenue-bearing NFTs under US law
-- Whether the 30-day vesting is fixed or adjustable based on market conditions
-
----
-
-Relevant Notes:
-- [[Ooki DAO proved that DAOs without legal wrappers face general partnership liability making entity structure a prerequisite for any futarchy-governed vehicle.md]]
-- [[Living Capital fee revenue splits 50 percent to agents as value creators with LivingIP and metaDAO each taking 23.5 percent as co-equal infrastructure and 3 percent to legal infrastructure.md]]
-
-Topics:
-- internet-finance

entities/internet-finance/futardio.md

@@ -46,7 +46,8 @@ 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
-- **2024-06-05** — [[futuredao-token-migrator-proposal]] passed: $12K budget approved for Token Migrator development, first major non-MetaDAO project governance decision on platform
+- **2024-06-05** — [[futuredao-token-migrator]] proposal submitted via Futardio platform
+- **2024-06-08** — [[futuredao-token-migrator]] passed: $12K budget approved for token migration tool
 ## 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."

entities/internet-finance/futuredao-token-migrator-proposal.md

@@ -1,44 +0,0 @@
----
-type: entity
-entity_type: decision_market
-name: "FutureDAO: Fund FutureDAO's Token Migrator"
-domain: internet-finance
-status: passed
-parent_entity: "[[futuredao]]"
-platform: futardio
-proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
-proposal_url: "https://www.futard.io/proposal/BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6"
-proposal_date: 2024-06-05
-resolution_date: 2024-06-08
-category: "mechanism"
-summary: "Approve $12K USDC budget for Token Migrator development enabling community takeovers of abandoned tokens"
-tracked_by: rio
-created: 2026-03-11
----
-
-# FutureDAO: Fund FutureDAO's Token Migrator
-
-## Summary
-
-Proposal to approve $12,000 USDC budget for developing FutureDAO's Token Migrator, an on-chain protocol enabling communities to execute structured takeovers of abandoned or rugged token projects. Budget split: $6K tool development, $6K security audits. Projected first-year revenue: $270K from 8 migrations.
-
-## Market Data
-
-- **Outcome:** Passed
-- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
-- **Proposal Date:** 2024-06-05
-- **Resolution Date:** 2024-06-08
-- **Budget:** $12,000 USDC
-
-## Significance
-
-This proposal demonstrates futarchy governance extending beyond ICO launches into protocol development funding. The Token Migrator addresses a specific market gap—27+ meme coin presales on Solana in 12 months with high abandonment rates—by creating structured takeover mechanics with conditional presale thresholds (60% success requirement) and minority protection (50% airdrop to non-migrators).
-
-The fee structure (1-2% of FDMC) flows entirely to Champions NFT holders (SPL-404 staking), not to FutureDAO treasury, creating a revenue distribution model distinct from traditional DAO treasury management.
-
-## Relationship to KB
-
-- [[futuredao]] — parent entity, first governance decision
-- [[metadao]] — infrastructure provider
-- [[futuredao-token-migrator-enables-community-takeovers-of-abandoned-projects-through-structured-on-chain-migration-protocol]] — mechanism claim
-- [[SPL-404-enables-fungible-NFT-swap-revenue-for-DAOs-by-bridging-governance-tokens-and-NFT-liquidity-on-Solana]] — revenue distribution claim

entities/internet-finance/futuredao-token-migrator.md

@@ -0,0 +1,50 @@
+---
+type: entity
+entity_type: decision_market
+name: "FutureDAO: Fund FutureDAO's Token Migrator"
+domain: internet-finance
+status: passed
+parent_entity: "[[futuredao]]"
+platform: futardio
+proposer: "FutureDAO team"
+proposal_url: "https://www.futard.io/proposal/BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6"
+proposal_date: 2024-06-05
+resolution_date: 2024-06-08
+category: "mechanism"
+summary: "Approve $12K budget for token migration tool enabling community takeovers of abandoned projects"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# FutureDAO: Fund FutureDAO's Token Migrator
+
+## Summary
+
+Proposal to develop and launch FutureDAO's Token Migrator, a decentralized on-chain tool for seamless token transitions. The tool enables communities abandoned by developers or facing poor management to take control through structured migration with conditional execution (60% presale threshold), automatic refunds on failure, and liquidity bootstrapping. Budget: $12,000 USDC ($6K development, $6K security audits).
+
+## Market Data
+
+- **Outcome:** Passed
+- **Proposer:** FutureDAO team
+- **Proposal Date:** 2024-06-05
+- **Resolution Date:** 2024-06-08
+- **Budget:** $12,000 USDC
+
+## Significance
+
+This proposal represents FutureDAO's first major product development initiative, creating infrastructure for community-led token takeovers. The mechanism design is notable for:
+
+1. **Conditional execution:** 60% presale threshold determines success/failure with automatic refunds
+2. **Minority protection:** 50% airdrop to non-migrating holders
+3. **Revenue model:** 100% of fees to Champions NFT holders (1-2% of migrated token market cap)
+4. **Market-cap based fee tiers:** Lower fees for smaller projects (<$1M = 2%, <$5M = 1.5%, <$20M = 1%)
+
+Projected first-year revenue: $270K from 8 migrations, distributed to staked Champions NFT holders.
+
+The proposal passed through MetaDAO's futarchy governance, demonstrating market confidence in the mechanism design and revenue potential.
+
+## Relationship to KB
+
+- [[futuredao]] — first major product proposal
+- [[metadao]] — governance infrastructure
+- [[futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent]] — similar conditional execution logic

entities/internet-finance/futuredao.md

@@ -6,28 +6,28 @@ domain: internet-finance
 status: active
 founded: 2024
 platform: Solana
-parent_platform: "[[metadao]]"
+parent_entity: "[[metadao]]"
 key_metrics:
-  initial_budget: "$12,000 USDC"
+  budget_approved: "$12,000 USDC"
   projected_first_year_revenue: "$270,000"
-  fee_structure: "1-2% of migrated token FDMC"
+  fee_structure: "1-2% of migrated token market cap"
 tracked_by: rio
 created: 2026-03-11
 ---
 
 # FutureDAO
 
-FutureDAO is a futarchy-governed DAO building on-chain token migration infrastructure for Solana communities. Powered by MetaDAO's futarchy infrastructure, FutureDAO enables communities to execute structured takeovers of abandoned or rugged token projects through conditional presale mechanics.
+FutureDAO is a market-governed decentralized organization powered by MetaDAO's futarchy infrastructure, building the Future Protocol for on-chain token migrations. The project enables communities to take control of abandoned or poorly managed token projects through structured migration tools with conditional execution and automatic refunds.
 
-The core product is the Token Migrator, a protocol that facilitates transitions from old tokens to new tokens with proper governance. Revenue flows to "Future Champions" NFT holders who stake their NFTs (SPL-404) to capture migration fees.
+The organization routes 100% of protocol fees to Champions NFT holders (staked via SPL-404) rather than to DAO treasury, creating NFT-gated revenue share model.
 
 ## Timeline
 
-- **2024-06-05** — [[futuredao-token-migrator-proposal]] proposed on Futardio: $12K budget for Token Migrator development and security audits
+- **2024-06-05** — [[futuredao-token-migrator]] proposal submitted: $12K budget for token migration tool development and security audits
-- **2024-06-08** — Token Migrator proposal passed, enabling development of community takeover infrastructure
+- **2024-06-08** — Token Migrator proposal passed, approving development of on-chain migration protocol with 60% presale threshold and conditional token swaps
 
 ## Relationship to KB
 
-- [[metadao]] — parent platform providing futarchy infrastructure
+- Built on [[metadao]] futarchy infrastructure
-- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — targets abandoned meme coin market
+- Uses [[SPL-404-enables-fungible-NFT-swap-revenue-for-DAOs-by-bridging-governance-tokens-and-NFT-liquidity-on-Solana]] for Champions NFT staking and revenue distribution
-- [[SPL-404-enables-fungible-NFT-swap-revenue-for-DAOs-by-bridging-governance-tokens-and-NFT-liquidity-on-Solana]] — revenue distribution mechanism
+- Implements [[decision markets make majority theft unprofitable through conditional token arbitrage]] through migration success/failure conditions

entities/internet-finance/metadao.md

@@ -54,7 +54,8 @@ 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
-- **2024-06-05** — [[futuredao-token-migrator-proposal]] proposed on Futardio by FutureDAO, demonstrating MetaDAO infrastructure adoption for derivative use cases beyond direct ICO launches
+- **2024-06-05** — [[futuredao-token-migrator]] proposal submitted: FutureDAO requests $12K for token migration tool development
+- **2024-06-08** — [[futuredao-token-migrator]] passed: First major product built on MetaDAO futarchy infrastructure for post-launch governance (community takeovers)
 ## Key Decisions
 | Date | Proposal | Proposer | Category | Outcome |
 |------|----------|----------|----------|---------|

inbox/archive/2024-06-05-futardio-proposal-fund-futuredaos-token-migrator.md

@@ -11,10 +11,10 @@ tags: [futardio, metadao, futarchy, solana, governance]
 event_type: proposal
 processed_by: rio
 processed_date: 2026-03-11
-claims_extracted: ["futuredao-token-migrator-enables-community-takeovers-of-abandoned-projects-through-structured-on-chain-migration-protocol.md", "spl-404-enables-fungible-nft-swap-revenue-for-daos-by-bridging-governance-tokens-and-nft-liquidity-on-solana.md"]
+claims_extracted: ["futuredao-token-migrator-enables-community-takeovers-through-structured-on-chain-migration-with-60-percent-presale-threshold.md", "futuredao-champions-nft-staking-captures-migration-fee-revenue-through-spl-404-token-gating.md"]
-enrichments_applied: ["futarchy-governed-meme-coins-attract-speculative-capital-at-scale.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: ["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", "Living Capital fee revenue splits 50 percent to agents as value creators with LivingIP and metaDAO each taking 23.5 percent as co-equal infrastructure and 3 percent to legal infrastructure.md"]
 extraction_model: "anthropic/claude-sonnet-4.5"
-extraction_notes: "Extracted two mechanism claims (token migration protocol, SPL-404 revenue distribution), enriched two existing claims (meme coin capital attraction, MetaDAO platform strategy), created FutureDAO entity and decision_market entity for the proposal, updated MetaDAO and Futardio timelines. Source is a governance proposal with detailed mechanism design—high signal for internet-finance domain."
+extraction_notes: "Extracted two mechanism design claims about token migration conditional execution and NFT revenue distribution. Created FutureDAO entity and decision_market entity for the proposal. Enriched existing SPL-404 and MetaDAO claims with new evidence. Source is a passed futarchy proposal with detailed mechanism specification and financial projections."
 ---
 
 ## Proposal Details
@@ -175,11 +175,10 @@ For more detailed information, you can visit the [Future DAO Gitbook](https://fu
 
 
 ## Key Facts
-- FutureDAO Token Migrator proposal account: BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6
+- FutureDAO proposal BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6 passed 2024-06-08
-- Proposal passed 2024-06-08, completed 2024-06-08
+- Budget approved: $12,000 USDC ($6K development, $6K audits)
-- Budget: $12,000 USDC ($6K development, $6K audits)
+- Fee structure: <$1M FDMC = 2%, <$5M FDMC = 1.5%, <$20M FDMC = 1%
-- Fee structure: 2% (<$1M FDMC), 1.5% (<$5M FDMC), 1% (<$20M FDMC)
+- Migration success threshold: 60% of presale target
 - Projected first-year revenue: $270K from 8 migrations
-- Success threshold: >60% of presale target raised
+- Non-migrating holders receive 50% airdrop of new tokens
-- Non-migrating holders receive 50% airdrop
+- Fees delivered to staked Champions NFT holders over 30 days
-- 27 notable meme coin presales on Solana in past 12 months (market analysis)