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35ded574c9 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 13:18:51 +00:00
5 changed files with 67 additions and 30 deletions

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@ -11,37 +11,70 @@ proposal_url: "https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6
proposal_date: 2025-10-15
resolution_date: 2025-10-18
category: "treasury"
summary: "Airdrop 420 COAL to META holders, increase supply to 25M, establish Development Fund with monthly disbursement caps"
summary: "Approved META holder airdrop, supply expansion to 25M COAL, Development Fund establishment, and v0.6 DAO migration"
tracked_by: rio
created: 2026-03-11
key_metrics:
proposal_number: 3
dao_account: "3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG"
autocrat_version: "0.3"
airdrop_recipients: 2314
airdrop_per_wallet: "420 COAL"
proposal_length: "3 days"
airdrop_total: "971,880 COAL"
dev_fund_total: "3,028,120 COAL"
supply_increase: "4,000,000 COAL"
dev_fund_size: "3,028,120 COAL"
monthly_disbursement_cap: "30,000 COAL"
large_grant_threshold: "69,000 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 treasury governance. The proposal combined three mechanisms: community growth through META holder airdrop (420 COAL to 2,314 wallets), one-time supply expansion from 21M to 25M COAL, and creation of a Development Fund with monthly disbursement caps and large-grant futarchy requirements.
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.
## Market Data
- **Outcome:** Passed
- **Proposer:** HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC
- **Proposal Account:** 6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA
- **Resolution:** 2025-10-18 (3 days after creation)
- **DAO Account:** 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
- **Autocrat Version:** 0.3
- **Duration:** 3 days (2025-10-15 to 2025-10-18)
## Proposal Components
### 1. META Holder Airdrop
- **Eligibility:** All META holders at snapshot (October 12, 2025) holding ≥$100 notional value
- **Amount:** 420 COAL per eligible wallet
- **Total Recipients:** 2,314 wallets
- **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
- **Mining Emissions:** Unchanged
### 3. Development Fund Structure
- **Purpose:** Protocol development, futarchy experiments, community contributions, tooling, integrations, marketing, 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
- **Transparency:** Public ledger, monthly forum reports, verified addresses
- **Liquidity Bootstrap:** OTC buyer lined up to purchase portion of Dev Fund; proceeds seed futarchy AMM
### 4. v0.6 DAO Governance Migration
- **TWAP Delay:** 1 day
- **Minimum Liquidity:** 1,500 USDC, 2,000 COAL
- **Pass Threshold:** 100 bps
- **Required Stake:** 10,000 COAL
- **Proposal Length:** 3 days
## Significance
This proposal represents coal's transition from basic token to full futarchy-governed DAO with v0.6 governance infrastructure. The Development Fund structure includes nested futarchy (large grants >69K COAL require separate decision markets), creating recursive governance. The META holder airdrop strategy demonstrates cross-pollination between futarchy projects, using token distribution to import governance participants from the parent ecosystem. The OTC liquidity arrangement (buyer lined up to purchase Dev Fund portion for AMM seeding) shows how futarchy DAOs can bootstrap liquidity without traditional market-making.
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.
## Relationship to KB
- [[coal]] — parent entity
- [[MetaDAO]] — source community for airdrop
- [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — this proposal demonstrates the supply expansion mechanism
- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — Dev Fund guardrails (monthly caps, large-grant thresholds) show this convergence
- [[MetaDAO]] — airdrop targets META holders
- [[futardio]] — governance platform
- [[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

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@ -7,7 +7,7 @@ status: active
tracked_by: rio
created: 2026-03-11
key_metrics:
total_supply: "25,000,000 COAL (post-proposal)"
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"
@ -16,18 +16,20 @@ key_metrics:
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"
---
# coal
coal is a futarchy-governed memecoin and the only proof-of-work coin on Solana following the Ore transition. The project operates through minechain.gg and describes itself as "the only futarchy memecoin" on Solana. coal transitioned to v0.6 DAO governance with futarchy-based decision making through the MetaDAO platform.
$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.
## 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 to META holders, increase supply to 25M, establish Development Fund
- **2025-10-18**Proposal passed and completed; migrated to v0.6 DAO governance with futarchy AMM, treasury, and new proposal parameters (1-day TWAP delay, 1500 USDC/2000 COAL minimum liquidity, 100 bps pass threshold, 10K COAL stake requirement, 3-day proposal length)
- **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
## Relationship to KB
- [[futardio]] — governance platform
- [[MetaDAO]] — parent futarchy ecosystem
- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — exemplifies this pattern
- [[MetaDAO]] — ecosystem relationship through META holder airdrop
- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — exemplifies futarchy memecoin model

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@ -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
- **2025-10-15** — coal proposal "Let's get Futarded" created on Futardio (passed 2025-10-18): airdropped 420 COAL to 2,314 META holders, increased supply to 25M, established Development Fund with 30K COAL monthly disbursement cap
- **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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@ -54,7 +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
- **2025-10-12** — coal DAO snapshot taken for META holder airdrop (2,314 wallets eligible for 420 COAL each)
- **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
## 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. Created new entity for coal (PoW memecoin on Solana) and decision_market entity for the governance proposal. No new claims—this is factual governance data about supply expansion, airdrop mechanics, and Development Fund structure. The proposal demonstrates existing claims about futarchy DAO treasury operations and mintable governance tokens but doesn't introduce novel mechanisms. Updated MetaDAO and Futardio timelines with cross-reference events."
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."
---
## Proposal Details
@ -104,9 +104,9 @@ Voting
## Key Facts
- coal total supply increased from 21M to 25M COAL (one-time, 2025-10-18)
- coal airdropped 420 COAL to each of 2,314 META holder wallets (971,880 COAL total)
- coal Development Fund allocated 3,028,120 COAL with 30K monthly disbursement cap to Grant (lead dev)
- coal v0.6 governance parameters: 1-day TWAP delay, 1500 USDC/2000 COAL min liquidity, 100 bps pass threshold, 10K COAL stake, 3-day proposals
- coal large grants >69K COAL require separate decision markets (nested futarchy)
- META holder snapshot taken 2025-10-12 with $100 minimum holding requirement
- 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 is the only PoW coin on Solana post-Ore transition
- Proposal passed 2025-10-18 after 3-day voting period