inbox/archive/2024-01-12-futardio-proposal-create-spot-market-for-meta.md

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+---
+type: source
+title: "Futardio: Create Spot Market for META?"
+author: "futard.io"
+url: "https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b"
+date: 2024-01-12
+domain: internet-finance
+format: data
+status: unprocessed
+tags: [futardio, metadao, futarchy, solana, governance]
+event_type: proposal
+---
+
+## Proposal Details
+- Project: MetaDAO
+- Proposal: Create Spot Market for META?
+- Status: Passed
+- Created: 2024-01-12
+- URL: https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b
+- Description: initiate the creation of a spot market for $META tokens, allowing broader public access to the token and establishing liquidity.
+
+## Summary
+
+### 🎯 Key Points  
+The proposal aims to create a spot market for \$META tokens, establish liquidity through a token sale at a price based on the TWAP of the last passing proposal, and allocate raised funds to support ongoing Meta-DAO initiatives.
+
+### 📊 Impact Analysis  
+#### 👥 Stakeholder Impact  
+Stakeholders, including token holders and participants in the market, will gain broader access to \$META tokens and improved liquidity.
+
+#### 📈 Upside Potential  
+Successfully launching the spot market could enhance the visibility and trading volume of \$META tokens, benefiting the overall Meta-DAO ecosystem.
+
+#### 📉 Risk Factors  
+If the proposal fails, the Meta-DAO will be unable to raise funds until March 12, 2024, potentially hindering its operational capabilities.
+
+## Content
+
+### **Overview**
+
+The purpose of this proposal is to initiate the creation of a spot market for \$META tokens, allowing broader public access to the token and establishing liquidity. The proposed market will be funded through the sale of \$META tokens, and the pricing structure will be determined based on the Time-Weighted Average Price (TWAP) of the proposal that passes. The funds raised will be utilized to support the Meta-DAO's ongoing initiatives and operations.
+
+### **Key Components**
+
+#### **Token Sale Structure:**
+- The initial token sale will involve the Meta-DAO selling \$META tokens to the public. Anyone can participate.
+- The sale price per \$META token will be set at the TWAP of the last passing proposal.
+- In case of this proposal failing, the sale will not proceed and Meta-DAO can't raise from public markets till 12 March 2024.
+#### **Liquidity Pool Creation:**
+- A liquidity pool (LP) will be established to support the spot market.
+- Funding for the LP will come from the token sale, with approximately $35,000 allocated for this purpose.
+#### **Token Sale Details:**
+- Hard cap: 75,000usd
+- Sale Price: TWAP of this passing proposal
+- Sale Quantity: Hard cap / Sale Price
+- Spot Market Opening Price: To be determined, potentially higher than the initial public sale price.
+#### **Liquidity Pool Allocation:**
+- LP Token Pairing: \$META tokens from treasury paired with approximately \$35,000usd.
+- Any additional funds raised beyond the LP allocation will be reserved for operational funding in \$SOL tokens.
+
+### **Next Steps**
+1. If approved, initiate the token sale using the most convenient methodology to maximize the event. Proceed with the creation of the SMETA spot market.
+2. In case of failure, Meta-DAO will be unable to raise funds until March 12, 2024.
+
+### **Conclusion**
+This proposal aims to enhance the Meta-DAO ecosystem experience by introducing a spot market for \$META tokens.
+The proposal invites futards to actively participate in shaping the future of the \$META token.
+
+## Raw Data
+
+- Proposal account: `9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b`
+- Proposal number: 3
+- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
+- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
+- Autocrat version: 0.1
+- Completed: 2024-01-18
+- Ended: 2024-01-18