extract: 2024-10-22-futardio-proposal-hire-advaith-sekharan-as-founding-engineer

- Applied 2 entity operations from queue
- Files: entities/internet-finance/futardio.md, entities/internet-finance/futuredao.md

Pentagon-Agent: Epimetheus <968B2991-E2DF-4006-B962-F5B0A0CC8ACA>

entities/internet-finance/futardio.md

@@ -51,6 +51,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
 - **2024-06-14** — [[futardio-fund-rug-bounty-program]] passed: Approved $5K USDC funding for RugBounty.xyz platform development to incentivize community recovery from rug pulls
 - **2024-08-28** — MetaDAO proposal to develop futardio as memecoin launchpad with futarchy governance failed. Proposal would have allocated $100k grant over 6 months to development team. Key features: percentage of each new token supply allocated to futarchy DAO, points-to-token conversion within 180 days, revenue distribution to $FUTA holders, immutable deployment on IPFS/Arweave. Proposal rejected by market, suggesting reputational risks outweighed adoption benefits.
 - **2025-11-14** — Solomon launch: $8M raised (12.9x oversubscribed, $102.9M committed) for composable yield-bearing stablecoin
+- **2024-09-01** — Futardio development proposal failed MetaDAO futarchy vote, rejecting the memecoin launchpad concept
 ## 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

@@ -24,5 +24,6 @@ FutureDAO is a market-governed decentralized organization building the Future Pr
 - **2024-06-08** — Token Migrator proposal completed and ended
 
 - **2024-08-30** — Proposed $25,000 budget for Pre-Governance Mandates tool development and entry into Solana Radar Hackathon (September 1 - October 8, 2024). Tool combines multi-criteria decision-making engine with customizable surveys and Web3 integration to facilitate pre-governance community engagement. Proposal passed 2024-09-02.
+- **2024-08-30** — Proposed $25,000 budget for Pre-Governance Mandates tool development and entry into Solana Radar Hackathon (September 1 - October 8, 2024). Proposal passed 2024-09-02.
 ## 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 conditional market logic to community takeovers of existing projects rather than just initial launches. The token migrator uses [[SPL-404-enables-fungible-NFT-swap-revenue-for-DAOs-by-bridging-governance-tokens-and-NFT-liquidity-on-Solana]] to distribute migration fees to staked NFT holders.

inbox/archive/2024-10-22-futardio-proposal-hire-advaith-sekharan-as-founding-engineer.md

@@ -6,9 +6,12 @@ url: "https://www.futard.io/proposal/B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC
 date: 2024-10-22
 domain: internet-finance
 format: data
-status: unprocessed
+status: enrichment
 tags: [futardio, metadao, futarchy, solana, governance]
 event_type: proposal
+processed_by: rio
+processed_date: 2026-03-16
+extraction_model: "anthropic/claude-sonnet-4.5"
 ---
 
 ## Proposal Details
@@ -71,3 +74,11 @@ The terms of its release would be the same as Nallok and Proph3t, except that th
 - Autocrat version: 0.3
 - Completed: 2024-10-26
 - Ended: 2024-10-26
+
+
+## Key Facts
+- MetaDAO's META token supply excluding DAO holdings is 19,755.7 tokens
+- Including co-founder allocations, META supply is 23,705.7 tokens
+- MetaDAO defines $1B market cap as $42,198 per META token
+- Advaith Sekharan's compensation package includes retroactive salary from October 16, 2024
+- The proposal was created by Nallok and Proph3t