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 4)

Pentagon-Agent: Rio <HEADLESS>

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

@@ -82,6 +82,12 @@ Futardio cult launch (2026-03-03 to 2026-03-04) demonstrates MetaDAO's platform
 
 (challenge) Areal's failed Futardio launch ($11,654 raised of $50K target, REFUNDING status) demonstrates that futarchy-governed fundraising does not guarantee capital formation success. The mechanism provides credible exit guarantees through market-governed liquidation and governance quality through conditional markets, but market participants still evaluate project fundamentals and team credibility. Futarchy reduces rug risk but does not eliminate market skepticism of unproven business models or early-stage teams.
 
+
+### 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's token migrator extends the unruggable ICO concept to community takeovers of abandoned projects. While MetaDAO provides futarchy-governed launches for new projects, FutureDAO applies similar credible commitment mechanisms (automatic reversion, threshold-based execution) to token migrations. The migrator uses a 60% presale threshold to determine success: if met, old tokens are swapped 1:1 for new tokens and LP is established; if not met, presale SOL is returned and new tokens are burned. This creates a structured protocol for communities to execute takeovers without relying on developer cooperation. The protocol targets communities facing rugs, dead projects, or seeking to launch new tokens, addressing a different coordination problem than MetaDAO's team-led launches but using parallel credible commitment mechanisms.
+
 ---
 
 Relevant Notes:

domains/internet-finance/futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent.md

@@ -52,6 +52,12 @@ Critically, the proposal nullifies a prior 90-day restriction on buybacks/liquid
 
 MycoRealms implements unruggable ICO structure with automatic refund mechanism: if $125,000 target not reached within 72 hours, full refunds execute automatically. Post-raise, team has zero direct treasury access — operates on $10,000 monthly allowance with all other expenditures requiring futarchy approval. This creates credible commitment: team cannot rug because they cannot access treasury directly, and investors can force liquidation through futarchy proposals if team materially misrepresents (e.g., fails to publish operational data to Arweave as promised, diverts funds from stated use). Transparency requirement (all invoices, expenses, harvest records, photos published to Arweave) creates verifiable baseline for detecting misrepresentation.
 
+
+### 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's token migrator demonstrates a parallel credible commitment mechanism for community-led migrations rather than team-led launches. The protocol uses a 60% presale threshold as the success criterion: below this threshold, all presale SOL is automatically returned to participants and new tokens are burned. This provides similar investor protection to futarchy-governed liquidation but applies to the different coordination problem of community takeovers. The automatic reversion mechanism requires no governance decision or manual intervention, making the commitment credible through code rather than through market-governed voting. The mechanism also includes a 50% airdrop to non-migrating old token holders, providing downside protection even for passive participants.
+
 ---
 
 Relevant Notes:

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

@@ -0,0 +1,54 @@
+---
+type: claim
+domain: internet-finance
+description: "FutureDAO's token migrator provides on-chain infrastructure for communities to execute token transitions from abandoned or rugged projects through a structured protocol with automatic reversion mechanisms"
+confidence: experimental
+source: "FutureDAO proposal, Fund FutureDAO's Token Migrator, 2024-06-05"
+created: 2024-06-05
+---
+
+# FutureDAO token migrator enables community takeovers through structured on-chain migration protocol
+
+FutureDAO's token migrator creates a standardized protocol for communities to transition from abandoned tokens to new tokens with built-in success criteria and treasury management. The protocol addresses the coordination problem that emerges when developer teams abandon projects by providing:
+
+1. **Structured migration process** with defined parameters (migration duration, presale terms, treasury allocation)
+2. **Success threshold** requiring 60% presale completion for migration to execute
+3. **Automatic reversion** if threshold not met, returning presale SOL and burning new tokens
+4. **Market-cap-based fee structure** (1-2% of new token supply) that scales with project size
+
+The protocol targets communities facing rugs, dead projects, metadata issues, fundraising needs, or hostile takeovers. By standardizing the migration process, it reduces coordination costs and provides credible commitment mechanisms that pure social coordination cannot achieve.
+
+## Evidence
+
+**Migration mechanics:**
+- Communities set migration date, duration, presale amount/price, and treasury allocation
+- Maximum dilution rates scale with market cap: 15% for <$1M FDMC, 12% for <$5M, 10% for <$20M
+- Old tokens locked during migration, swappable 1:1 for new tokens
+- If >60% presale raised: old token LP reclaimed, new token + SOL placed in LP, unclaimed tokens sent to community multisig (not FutureDAO's)
+- If <60% presale raised: presale SOL returned to all participants, new tokens swapped back to old, new tokens burned
+
+**Fee structure:**
+- Fees directed to Champions NFT holders (staked SPL-404 tokens), not FutureDAO treasury
+- 2% fee for projects <$1M FDMC, 1.5% for <$5M, 1% for <$20M
+- Fees taken as inflation on new token mint, delivered over 30 days
+- Example: $MERTD migration (1B tokens, $2M FDMC) would generate 15M tokens for Champions NFT DAO
+
+**Market context:**
+- Proposal cites 27 notable meme coin presales on Solana in prior 12 months with high abandonment rates
+- Projected 8 migrations in first year generating $270K for NFT holders (3 projects <$1M at 2% = $60K, 4 projects <$5M at 1.5% = $120K, 1 project <$20M at 1% = $50K)
+- Budget: $12K USDC ($6K development, $6K audits)
+
+## Challenges
+
+The protocol assumes communities can coordinate around migration decisions and presale participation. The 60% threshold may be too high for fragmented communities or too low to ensure genuine support. The proposal does not justify why 60% was chosen over other thresholds (50%, 67%, 75%), suggesting an arbitrary design choice.
+
+The success projection (8 migrations, $270K revenue) is speculative and based on historical rug rates rather than demonstrated demand for structured migration tools. The proposal does not provide evidence that communities will actually use this tool or that the Champions incentive structure will effectively identify migration candidates.
+
+---
+
+Relevant Notes:
+- Extends [[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]] to community-led migrations
+- Parallel mechanism to [[futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent.md]] but for community takeovers
+
+Topics:
+- [[domains/internet-finance/_map]]

domains/internet-finance/token-migration-success-threshold-at-60-percent-presale-creates-credible-reversion-mechanism.md

@@ -0,0 +1,57 @@
+---
+type: claim
+domain: internet-finance
+description: "FutureDAO's 60% presale completion threshold creates automatic failure handling that returns capital and burns new tokens without governance intervention"
+confidence: experimental
+source: "FutureDAO token migrator proposal, 2024-06-05"
+created: 2024-06-05
+---
+
+# Token migration success threshold at 60 percent presale creates credible reversion mechanism
+
+FutureDAO's token migrator uses a 60% presale completion threshold to determine whether a migration executes or reverts. This binary success criterion creates a credible commitment mechanism: if the community cannot raise 60% of the presale target, the protocol automatically returns all presale SOL to participants, allows new tokens to be swapped back to old tokens, and burns all new tokens.
+
+This threshold serves multiple functions:
+
+1. **Coordination signal** — 60% participation demonstrates sufficient community support
+2. **Sybil resistance** — Requires real capital commitment, not just voting
+3. **Automatic failure handling** — No manual intervention or governance decision needed for failed migrations
+4. **Credible exit** — Participants know they get full refunds if threshold not met
+
+The mechanism parallels futarchy-governed liquidation but applies to community-led migrations rather than team-led launches.
+
+## Evidence
+
+**Success path (>60% presale raised):**
+- Old token sold to reclaim locked LP
+- New token + raised SOL placed in LP
+- New tokens claimable by swap and presale participants
+- Unclaimed new tokens sent to community multisig (explicitly not FutureDAO's multisig)
+- Old token holders who don't migrate receive 50% airdrop
+
+**Failure path (<60% presale raised):**
+- Presale SOL returned to all participants
+- New tokens must be swapped back to old tokens frozen in contract
+- All new tokens burned
+
+**Threshold design:**
+The proposal does not explain why 60% was chosen over other thresholds (50%, 67%, 75%). This appears to be an arbitrary design choice rather than derived from empirical data about community coordination or historical migration success rates.
+
+## Challenges
+
+The 60% threshold may be:
+- **Too high** for fragmented communities where coordination is difficult even with genuine support, leading to failed migrations despite aggregate support exceeding 60%
+- **Too low** to ensure the migration represents true community consensus rather than a vocal minority
+- **Gameable** if large holders can push migrations over the threshold despite broader community opposition
+
+The mechanism also creates a coordination problem: rational participants may wait to see if others commit first, leading to migrations failing even when aggregate support exceeds 60%. The proposal does not address this free-rider problem.
+
+---
+
+Relevant Notes:
+- Parallel mechanism to [[futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent.md]] applied to community takeovers
+- Related to [[optimal governance requires mixing mechanisms because different decisions have different manipulation risk profiles.md]]
+
+Topics:
+- [[domains/internet-finance/_map]]
+- [[core/mechanisms/_map]]

entities/internet-finance/futardio.md

@@ -46,6 +46,7 @@ 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-fund-token-migrator]] passed: FutureDAO approved $12K budget for token migration protocol development
 ## 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.md

@@ -0,0 +1,32 @@
+---
+type: entity
+entity_type: company
+name: FutureDAO
+domain: internet-finance
+status: active
+founded: 2024
+platform: Solana
+key_metrics:
+  governance_model: "futarchy (MetaDAO infrastructure)"
+  primary_product: "token migration protocol"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# FutureDAO
+
+FutureDAO is a market-governed decentralized organization building the Future Protocol, an on-chain token migration tool for communities to transition from abandoned or poorly managed projects. The organization uses MetaDAO's futarchy infrastructure for governance and targets the problem of rugged or dead projects on Solana.
+
+## Timeline
+
+- **2024-06-05** — [[futuredao-fund-token-migrator]] passed: Approved $12K USDC budget for token migrator development and audits, with projected first-year revenue of $270K from 8 migrations
+- **2024-06-08** — Token migrator proposal completed
+
+## Relationship to KB
+
+FutureDAO extends [[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]] by applying similar credible commitment mechanisms to community takeovers rather than new launches. The token migrator uses threshold-based execution (60% presale) and automatic reversion to provide structured coordination for communities facing abandoned projects.
+
+## Links
+
+- Gitbook: https://futurespl.gitbook.io/future
+- Proposal: https://www.futard.io/proposal/BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6

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

@@ -6,9 +6,15 @@ url: "https://www.futard.io/proposal/BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY
 date: 2024-06-05
 domain: internet-finance
 format: data
-status: unprocessed
+status: processed
 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-through-structured-on-chain-migration-protocol.md", "token-migration-success-threshold-at-60-percent-presale-creates-credible-reversion-mechanism.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", "futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "Extracted two claims about token migration infrastructure and credible commitment mechanisms. Created FutureDAO entity and decision_market entity for the proposal. Enriched two existing MetaDAO-related claims with parallel mechanism design. Source is a governance proposal with detailed product specification and financial projections."
 ---
 
 ## Proposal Details
@@ -166,3 +172,13 @@ For more detailed information, you can visit the [Future DAO Gitbook](https://fu
 - Autocrat version: 0.3
 - Completed: 2024-06-08
 - Ended: 2024-06-08
+
+
+## Key Facts
+- FutureDAO token migrator budget: $12K USDC ($6K development, $6K audits)
+- Migration fee structure: 2% for <$1M FDMC, 1.5% for <$5M, 1% for <$20M
+- Success threshold: 60% presale completion required for migration to execute
+- Projected first-year revenue: $270K from 8 migrations
+- 27 notable meme coin presales on Solana in prior 12 months with high abandonment rates
+- Fees distributed to Champions NFT holders (staked SPL-404), not DAO treasury
+- Proposal passed 2024-06-08