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/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

@@ -24,12 +24,6 @@ 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*
-
-(extend) FutureDAO's Champions NFT model demonstrates an alternative fee-sharing architecture where 100% of protocol fees flow to distributed facilitators (Champions NFT holders) rather than being split between infrastructure and agents. In FutureDAO's structure, all migration fees (2%/1.5%/1% based on FDMC) are delivered as new token inflation to staked Champions NFT holders over 30 days, with zero fees retained by FutureDAO treasury. This contrasts with Living Capital's 50/23.5/23.5/3 split by eliminating infrastructure take and directing all value to the distributed facilitator network. FutureDAO proposal BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6 passed 2024-06-08 with projected $270K first-year revenue flowing entirely to NFT holders.
-
 ---
 
 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's token migrator extends the unruggable ICO concept to community takeovers of abandoned projects. The migrator uses conditional mechanics (60% presale threshold) to ensure migrations only proceed with demonstrated community commitment. If <60% of presale target is raised, all funds return to participants and new tokens are burned. This creates the same credible commitment mechanism as MetaDAO's futarchy-governed launches but applies it to token transitions rather than initial launches. FutureDAO proposal BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6 passed 2024-06-08 with $12K budget, projecting $270K revenue from 8 migrations in year one.
+(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.
 
 ---
 

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

@@ -56,7 +56,7 @@ MycoRealms implements unruggable ICO structure with automatic refund mechanism:
 ### 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 liquidation-like mechanics in the migration context: if presale raises <60% of target, all SOL returns to participants, new tokens must be swapped back to old tokens, and all new tokens are burned. This creates a credible exit guarantee for migration participants similar to futarchy-governed liquidation for ICO investors. The 60% threshold acts as a coordination mechanism ensuring migrations only proceed when community commitment is demonstrated through capital allocation, preventing undercapitalized launches that would harm participants.
+(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.
 
 ---
 

domains/internet-finance/future-champions-commission-model-aligns-migration-facilitators-through-new-token-incentives.md

@@ -1,43 +0,0 @@
----
-type: claim
-domain: internet-finance
-description: "FutureDAO's Champions NFT holders earn migration fees through staking, creating distributed business development without centralized sales team"
-confidence: experimental
-source: "FutureDAO token migrator proposal BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6 via futard.io, 2024-06-05"
-created: 2024-06-05
----
-
-# Future Champions commission model aligns migration facilitators through new token incentives
-
-FutureDAO's token migrator distributes all protocol fees to Champions NFT holders who stake their NFTs (SPL-404) in the Future Protocol NFT Portal, creating a distributed business development model. "Future Champions" identify, engage, and assist communities through the migration process, earning commissions in newly minted tokens rather than upfront fees.
-
-The fee structure scales inversely with market cap:
-- Projects <$1M FDMC: 2% fee
-- Projects <$5M FDMC: 1.5% fee  
-- Projects <$20M FDMC: 1% fee
-
-Fees are taken as inflation on the new token mint and delivered to Champions NFT holders over 30 days. For example, a $2M FDMC project with 1B tokens would mint 1.12B total: 1B for old holders (1:1), 60M for presale, 45M for treasury, and 15M (1.5%) for Champions NFT DAO.
-
-This model differs from traditional service provider arrangements because:
-1. Facilitators earn in the tokens they help migrate, aligning incentives with project success
-2. No upfront payment required from communities
-3. NFT staking requirement creates skin-in-the-game for Champions
-4. Fee distribution is automated through protocol, not discretionary
-
-The proposal explicitly states "FutureDAO does not benefit monetarily from these token migrations. All fees are directed to the Champions NFT holders."
-
-Projected first-year revenue of $270K from 8 migrations would flow entirely to staked NFT holders.
-
-## Evidence
-- All protocol fees directed to Champions NFT holders, not FutureDAO treasury
-- SPL-404 staking required for fee eligibility
-- Fee tiers: 2%/1.5%/1% based on FDMC
-- Fees delivered as new token inflation over 30 days
-- Example: $2M FDMC project generates 15M tokens (1.5%) to Champions
-- Projected $270K first-year revenue to NFT holders from 8 migrations
-- FutureDAO proposal passed 2024-06-08
-
----
-
-Topics:
-- [[domains/internet-finance/_map]]

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

@@ -1,34 +1,54 @@
 ---
 type: claim
 domain: internet-finance
-description: "FutureDAO's token migrator provides structured protocol for communities to reclaim abandoned or rugged projects through conditional presale mechanics with 60% success threshold"
+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 BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6 via futard.io, 2024-06-05"
+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 addresses the problem of abandoned web3 projects by providing a structured on-chain protocol for communities to transition from one token to another. The tool targets communities affected by rug pulls, dead projects, or poor management, offering a mechanism to preserve community value and restore governance.
+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:
 
-The migration process operates through conditional mechanics:
-1. Community sets migration parameters (date, duration, presale amount, treasury allocation)
-2. Presale launches with maximum dilution rates based on market cap (<$1M FDMC = 15% dilution, <$5M = 12%, <$20M = 10%)
-3. Migration succeeds if >60% of presale target is raised; otherwise all funds return to participants
-4. Successful migrations reclaim locked liquidity, establish new LP, and airdrop 50% to non-migrating holders
+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 charges fees as inflation on the new token mint (2% for <$1M FDMC, 1.5% for <$5M, 1% for <$20M), with all fees directed to staked Champions NFT holders rather than FutureDAO treasury.
-
-FutureDAO projects first-year revenue of $270,000 from 8 migrations, based on Solana's history of 27+ notable meme coin presales in the prior 12 months with high abandonment rates. The proposal passed on 2024-06-08 with $12,000 USDC budget ($6K development, $6K audits).
+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
-- FutureDAO proposal BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6 passed 2024-06-08
-- 60% presale threshold determines migration success/failure
-- Fee structure: 2%/1.5%/1% based on FDMC tiers
-- Projected 8 migrations generating $270K in year one
-- 27+ Solana meme coin presales in prior 12 months per Coin Edition and Coinpedia (cited in proposal)
+
+**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-commitment-through-conditional-settlement.md

@@ -1,32 +0,0 @@
----
-type: claim
-domain: internet-finance
-description: "60% presale threshold in FutureDAO migrator creates binary outcome where partial success triggers full refund rather than compromised launch"
-confidence: experimental
-source: "FutureDAO token migrator proposal BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6 via futard.io, 2024-06-05"
-created: 2024-06-05
----
-
-# Token migration success threshold at 60 percent presale creates credible commitment through conditional settlement
-
-FutureDAO's token migrator uses a 60% presale threshold as the success/failure boundary, creating a binary outcome mechanism that prevents compromised launches. If the presale raises less than 60% of target, all SOL returns to participants, new tokens must be swapped back to old tokens, and all new tokens are burned. This differs from traditional fundraising where partial success often leads to undercapitalized launches.
-
-The mechanism creates credible commitment because:
-1. Communities cannot proceed with insufficient capital
-2. Presale participants face no risk of being locked into failed migrations
-3. The binary outcome removes the gray zone where projects launch with inadequate resources
-4. Old token holders who don't migrate receive 50% airdrop only in successful scenarios
-
-This threshold design addresses the coordination problem in community takeovers where partial participation creates uncertainty about viability. By requiring 60% presale success, the protocol ensures that migrations only proceed when community commitment is demonstrated through capital allocation.
-
-## Evidence
-- 60% presale threshold determines migration success/failure
-- <60% triggers full refund, token burn, and migration cancellation
-- ≥60% triggers liquidity reclaim, new LP establishment, and token distribution
-- 50% airdrop to non-migrators only in successful scenarios
-- FutureDAO proposal passed 2024-06-08
-
----
-
-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

@@ -46,8 +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]] proposed: token migration tool for community takeovers
-- **2024-06-08** — [[futuredao-fund-token-migrator]] passed with $12K USDC budget
+- **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-fund-token-migrator.md

@@ -1,39 +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: "FutureDAO"
-proposal_url: "https://www.futard.io/proposal/BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6"
-proposal_date: 2024-06-05
-resolution_date: 2024-06-08
-category: "mechanism"
-summary: "Approve development of token migration tool for 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, enabling communities to execute structured on-chain migrations from abandoned or poorly managed tokens to new tokens. The tool uses conditional presale mechanics (60% threshold) to ensure migrations only proceed with demonstrated community commitment, with all protocol fees flowing to staked Champions NFT holders.
-
-## Market Data
-- **Outcome:** Passed
-- **Proposer:** FutureDAO
-- **Budget:** $12,000 USDC ($6K development, $6K audits)
-- **Proposal Account:** BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6
-- **Resolution:** 2024-06-08
-
-## Significance
-This proposal represents FutureDAO's core product launch, establishing the protocol's value proposition for community-driven project recovery. The fee structure (2%/1.5%/1% based on market cap) and 60% presale threshold create novel coordination mechanics for token migrations. The decision to direct all fees to Champions NFT holders rather than DAO treasury establishes a distributed business development model.
-
-Projected first-year revenue of $270K from 8 migrations demonstrates market sizing based on Solana's history of 27+ meme coin presales with high abandonment rates.
-
-## Relationship to KB
-- [[futuredao]] — core product launch
-- [[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]] — built on MetaDAO 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 mechanics

entities/internet-finance/futuredao.md

@@ -4,18 +4,29 @@ 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 powered by MetaDAO's futarchy infrastructure, building the Future Protocol to help communities safeguard and amplify value through on-chain token migration tools. The organization enables communities to take control of abandoned or poorly managed projects through structured migration protocols.
+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** — Proposed token migrator tool for community takeovers of abandoned projects
-- **2024-06-08** — Token migrator proposal passed with $12K USDC budget ($6K development, $6K audits)
+
+- **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
-- [[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]] — FutureDAO built on MetaDAO's futarchy infrastructure
-- [[futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent]] — Token migrator uses similar conditional mechanics for migration success/failure
+
+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

@@ -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-through-structured-on-chain-migration-protocol.md", "token-migration-success-threshold-at-60-percent-presale-creates-credible-commitment-through-conditional-settlement.md", "future-champions-commission-model-aligns-migration-facilitators-through-new-token-incentives.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", "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"]
+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 3 claims about FutureDAO's token migrator mechanism: (1) structured protocol for community takeovers, (2) 60% presale threshold as credible commitment device, (3) Champions NFT commission model. Created FutureDAO entity and decision_market entity for the proposal. Enriched 2 existing claims about MetaDAO's unruggable ICOs and futarchy-governed liquidation with migration-specific evidence. Source contains detailed mechanism design for token migrations with conditional settlement mechanics."
+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
@@ -175,11 +175,10 @@ For more detailed information, you can visit the [Future DAO Gitbook](https://fu
 
 
 ## Key Facts
-- FutureDAO proposal BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6 passed 2024-06-08
-- Budget: $12,000 USDC ($6K development, $6K audits)
-- Fee structure: 2% for <$1M FDMC, 1.5% for <$5M, 1% for <$20M
-- 60% presale threshold determines migration success/failure
+- 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+ Solana meme coin presales in prior 12 months (Coin Edition, Coinpedia)
-- All fees directed to Champions NFT holders, not FutureDAO treasury
-- SPL-404 staking required for fee eligibility
+- 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