rio: extract claims from 2024-06-05-futardio-proposal-fund-futuredaos-token-migrator #323

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@ -70,6 +70,12 @@ Raises include: Ranger ($6M minimum, uncapped), Solomon ($102.9M committed, $8M
MycoRealms launch on Futardio demonstrates MetaDAO platform capabilities in production: $125,000 USDC raise with 72-hour permissionless window, automatic treasury deployment if target reached, full refunds if target missed. Launch structure includes 10M ICO tokens (62.9% of supply), 2.9M tokens for liquidity provision (2M on Futarchy AMM, 900K on Meteora pool), with 20% of funds raised ($25K) paired with LP tokens. First physical infrastructure project (mushroom farm) using the platform, extending futarchy governance from digital to real-world operations with measurable outcomes (temperature, humidity, CO2, yield).
### Additional Evidence (extend)
*Source: [[2024-06-05-futardio-proposal-fund-futuredaos-token-migrator]] | Added: 2026-03-11 | Extractor: anthropic/claude-sonnet-4.5*
(extend) FutureDAO demonstrates MetaDAO's futarchy infrastructure being applied beyond initial token launches to governance of secondary tools. FutureDAO is explicitly "a market-governed decentralized organization powered by MetaDAO's futarchy infrastructure" and used futarchy governance to approve its token migration tool (proposal BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6, passed 2024-06-08). The token migrator enables community takeovers of abandoned projects through conditional migration mechanics—extending MetaDAO's use case from capital formation to community governance and token recovery, suggesting the platform's infrastructure scales to governance of tools that operate on previously-launched tokens.
---
Relevant Notes:

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@ -17,6 +17,12 @@ In uncontested decisions -- where the community broadly agrees on the right outc
This evidence has direct implications for governance design. It suggests that [[optimal governance requires mixing mechanisms because different decisions have different manipulation risk profiles]] -- futarchy excels precisely where disagreement and manipulation risk are high, but it wastes its protective power on consensual decisions. The MetaDAO experience validates the mixed-mechanism thesis: use simpler mechanisms for uncontested decisions and reserve futarchy's complexity for decisions where its manipulation resistance actually matters. The participation challenge also highlights a design tension: the mechanism that is most resistant to manipulation is also the one that demands the most sophistication from participants.
### Additional Evidence (confirm)
*Source: [[2024-06-05-futardio-proposal-fund-futuredaos-token-migrator]] | Added: 2026-03-11 | Extractor: anthropic/claude-sonnet-4.5*
(confirm) The FutureDAO token migrator proposal (BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6) passed futarchy governance on 2024-06-08 with no reported trading volume, market depth, or conditional token pricing data. The source provides only the proposal status (passed) and completion date, with no evidence of contested markets or significant trading activity. This is consistent with the pattern of uncontested proposals passing without generating measurable conditional market activity.
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Relevant Notes:

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@ -0,0 +1,38 @@
---
type: claim
domain: internet-finance
description: "FutureDAO's token migrator requires 60% presale success to complete migration, otherwise reverting all positions and burning new tokens"
confidence: experimental
source: "FutureDAO Token Migrator proposal, 2024-06-05"
created: 2025-01-20
enrichments:
- "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"
---
# FutureDAO's token migrator enables community takeover of abandoned tokens through conditional migration with 60% presale threshold
FutureDAO built a decentralized token migration tool that allows communities to take control of rugged or abandoned projects by swapping old tokens for new tokens with improved governance. The migration only completes if the presale raises at least 60% of its target—otherwise all positions revert, old tokens are returned, and new tokens are burned. This creates a coordination mechanism where the community must collectively commit capital to prove the takeover is viable before the migration becomes irreversible.
The tool addresses six specific use cases: rugged projects (preserving community after rug pulls), dead projects (revitalizing ceased operations), metadata changes (improving transparency), fundraising (securing capital for expansion), token extensions (migrating to Solana's newest standards), and hostile takeovers (enabling community control over failed teams).
The migration process works as follows:
1. Community is onboarded and sets launch parameters (migration date, presale amount/price, treasury allocation)
2. Maximum dilution rates are capped based on fully diluted market cap: 15% for <$1M FDMC, 12% for <$5M, 10% for <$20M
3. During migration, old tokens can be swapped for new tokens (locked until completion) and presale goes live
4. If presale reaches 60%: old token LP is reclaimed, new token + SOL raised goes into LP, new tokens become claimable, unclaimed tokens go to community multisig (not FutureDAO's), non-migrating holders receive 50% airdrop
5. If presale fails to reach 60%: presale SOL returned to participants, new tokens must be swapped back to old tokens, all new tokens burned
"Future Champions" identify and assist potential clients, earning commissions in newly minted tokens. The tool was born from FutureDAO's own experience taking over $MERTD after the project team rugged.
The proposal passed FutureDAO's futarchy governance on 2024-06-08 with a $12,000 USDC budget ($6K development, $6K security audits). This demonstrates futarchy infrastructure being applied not just to new token launches but to governance of tools enabling token migrations and community takeovers.
---
Relevant Notes:
- [[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-DAOs-converge-on-traditional-corporate-governance-scaffolding-for-treasury-operations-because-market-mechanisms-alone-cannot-provide-operational-security-and-legal-compliance.md]]
- [[decision-markets-make-majority-theft-unprofitable-through-conditional-token-arbitrage.md]]
Topics:
- [[domains/internet-finance/_map]]
- [[core/mechanisms/_map]]

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---
type: claim
domain: internet-finance
description: "FutureDAO directs all token migration fees to staked Champions NFT holders rather than DAO treasury, creating a revenue-bearing NFT model"
confidence: experimental
source: "FutureDAO Token Migrator proposal, 2024-06-05"
created: 2025-01-20
---
# FutureDAO token migrator fees accrue to NFT holders not DAO treasury creating staked NFT revenue model
FutureDAO's token migration tool directs all fee revenue to Champions NFT holders rather than the DAO treasury, creating a revenue-bearing NFT model where holders must stake their NFTs (via SPL-404) within the Future Protocol NFT Portal to be eligible for rewards. The proposal explicitly states: "FutureDAO does not benefit monetarily from these token migrations. All fees are directed to the Champions NFT holders." This represents a structural choice to distribute value directly to NFT holders rather than accumulating it in a DAO-controlled treasury.
Fees are charged as inflation on the new token mint based on the migrating project's fully diluted market cap:
- Projects with FDMC <$1M: 2% fee
- Projects with FDMC <$5M: 1.5% fee
- Projects with FDMC <$20M: 1% fee
Fees are delivered to the Champions NFT DAO over a 30-day period. For example, if a project with 1 billion tokens and $2M FDMC migrated, the new token supply would be 1.12 billion tokens allocated as: 1B for old token holders (1:1), 60M for presale, 45M for treasury, and 15M delivered to Champions NFT DAO.
The proposal projects that 8 migrations in the first year could generate $270,000 for NFT holders: 3 projects under $1M FDMC ($60K total), 4 projects under $5M FDMC ($120K total), and 1 project under $20M FDMC ($50K). This revenue projection is based on market analysis showing at least 27 notable meme coin presales on Solana in the past 12 months with high abandonment rates, suggesting demand for structured migration solutions.
The staking requirement (SPL-404) creates an additional friction layer that may reduce fee-capture participation compared to passive NFT holding, though the proposal does not quantify what percentage of Champions NFT holders are expected to stake.
---
Relevant Notes:
- [[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]]
- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution.md]]
Topics:
- [[domains/internet-finance/_map]]
- [[core/mechanisms/_map]]

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@ -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: 2025-01-20
claims_extracted: ["futuredao-token-migrator-enables-community-takeover-of-abandoned-tokens-through-conditional-migration-with-presale-threshold.md", "futuredao-token-migrator-fees-accrue-to-nft-holders-not-dao-treasury-creating-staked-nft-revenue-model.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", "MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Extracted two claims about FutureDAO's token migration mechanism and fee structure. Both are experimental confidence (single source, new product not yet proven). Enriched two existing MetaDAO claims with evidence of futarchy infrastructure extension and governance process. Source is a proposal document with financial projections but no post-launch performance data."
---
## Proposal Details
@ -166,3 +172,12 @@ 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 proposal passed 2024-06-08
- Proposal account: BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6
- Budget: $12,000 USDC ($6K development, $6K security audits)
- 27 notable meme coin presales on Solana in 12 months prior to proposal
- Migration dilution caps: 15% (<$1M FDMC), 12% (<$5M FDMC), 10% (<$20M FDMC)
- 60% presale threshold required for migration completion