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 demonstrates MetaDAO's platform strategy extending beyond direct ICO launches into token migration and community takeover use cases. The proposal explicitly states FutureDAO is "powered by MetaDAO's futarchy infrastructure" and is "building the Future Protocol to help communities safeguard and amplify value." FutureDAO launched with $12,000 USDC development budget and projects $270K first-year revenue from 8 migrations, suggesting the economics of building derivative applications on MetaDAO's futarchy infrastructure are viable for niche use cases. This indicates MetaDAO's infrastructure is being adopted as a platform layer for specialized governance applications beyond the core ICO use case.
+
 ---
 
 Relevant Notes:

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

@@ -0,0 +1,56 @@
+---
+type: claim
+domain: internet-finance
+description: "FutureDAO's migrator provides structured protocol for communities to reclaim rugged or abandoned tokens through conditional presale mechanics with 60% success threshold"
+confidence: experimental
+source: "FutureDAO Token Migrator proposal on Futardio, 2024-06-05"
+created: 2024-06-05
+---
+
+# FutureDAO token migrator enables community takeovers of abandoned projects through structured on-chain migration protocol
+
+FutureDAO's Token Migrator creates a structured on-chain protocol for communities to transition from abandoned or rugged tokens to new tokens with proper governance. The mechanism addresses a specific market gap: the proposal cites "27 notable meme coin presales on Solana in the past 12 months" with high abandonment rates, creating stranded communities with no recourse.
+
+The protocol works through conditional presale mechanics:
+1. Community sets migration parameters (date, duration, presale raise amount, treasury allocation)
+2. Presale launches with old tokens swappable for new tokens (locked until completion)
+3. Success threshold: >60% of presale target raised
+4. If successful: old token LP reclaimed, new token + SOL placed in LP, tokens claimable
+5. If unsuccessful: presale SOL returned, new tokens swapped back to old, new tokens burned
+
+The 60% threshold creates a credible commitment mechanism—communities must demonstrate sufficient coordination to justify the migration. Non-migrating holders receive 50% airdrop as compensation, addressing the minority protection problem that standard token voting lacks.
+
+Dilution caps scale with market cap to balance fundraising needs against holder protection:
+- <$1M FDMC: 15% max dilution (7.5% presale, 5.5% treasury, 2% DAO fee)
+- <$5M FDMC: 12% max dilution (6% presale, 4.5% treasury, 1.5% DAO fee)  
+- <$20M FDMC: 10% max dilution (5% presale, 4% treasury, 1% DAO fee)
+
+The protocol launched with $12,000 USDC budget ($6K development, $6K security audits) and projects $270K first-year revenue from 8 migrations, suggesting $33.75K average fee per migration.
+
+## Evidence
+
+From the proposal:
+- "27 notable meme coin presales on Solana in the past 12 months" with high abandonment rates cited as market validation
+- Conditional success: ">60% Presale Raised" triggers migration completion; below threshold triggers full refund and token burn
+- Non-migrating holders "airdropped 50%" as minority protection mechanism
+- Fee structure: 2% (<$1M), 1.5% (<$5M), 1% (<$20M) FDMC, directed to staked Champions NFT holders
+- "$12,000 USDC" total budget for development and audits
+- Projected "$270,000" revenue from "8 project de-ruggings in its first year"
+
+## Limitations
+
+The proposal does not address:
+- How the 60% threshold was determined or validated (why not 50% or 75%?)
+- Mechanism for resolving disputes over migration parameters or presale mechanics
+- Protection against malicious "Future Champions" who could extract value through information asymmetry or steering communities toward unfavorable terms
+- Whether the 50% airdrop to non-migrators creates adverse selection (sophisticated holders migrate, unsophisticated holders get diluted)
+- Post-migration governance structure or recourse if new token team also abandons project
+
+---
+
+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]]
+- [[ownership coins primary value proposition is investor protection not governance quality because anti-rug enforcement through market-governed liquidation creates credible exit guarantees that no amount of decision optimization can match.md]]
+
+Topics:
+- internet-finance

domains/internet-finance/spl-404-enables-fungible-nft-swap-revenue-for-daos-by-bridging-governance-tokens-and-nft-liquidity-on-solana.md

@@ -0,0 +1,47 @@
+---
+type: claim
+domain: internet-finance
+description: "SPL-404 token standard allows NFTs to function as stakeable governance tokens that capture protocol revenue through fungible-NFT hybrid architecture on Solana"
+confidence: experimental
+source: "FutureDAO Token Migrator proposal on Futardio, 2024-06-05"
+created: 2024-06-05
+---
+
+# SPL-404 enables fungible-NFT swap revenue for DAOs by bridging governance tokens and NFT liquidity on Solana
+
+FutureDAO's Token Migrator uses SPL-404 to create a revenue distribution mechanism where NFT holders capture protocol fees by staking their NFTs. This solves a structural problem in DAO governance: how to distribute protocol revenue to contributors without creating securities classification risk.
+
+The mechanism works through fungible-NFT bridging:
+1. "Future Champions" NFTs must be staked (SPL-404) to be eligible for rewards
+2. Migration fees (1-2% of new token supply based on FDMC) are "delivered to the Champions NFT DAO over a 30 day period"
+3. NFT staking creates a clean separation: the NFT is the revenue-bearing asset, not the governance token
+4. "FutureDAO does not benefit monetarily from these token migrations. All fees are directed to the Champions NFT holders."
+
+In the $MERTD migration example, the protocol minted 1.12 billion total tokens with "15 million tokens delivered to the Champions NFT DAO" (2% of 1 billion base supply), vested over 30 days. This vesting period suggests the protocol is managing liquidity risk—immediate distribution could create sell pressure, while vesting aligns NFT holder incentives with protocol success over time.
+
+## Evidence
+
+From the proposal:
+- "To be eligible for rewards, the NFTs must be staked (SPL-404) within the Future Protocol NFT Portal"
+- Fee structure delivers "15 million tokens delivered to the Champions NFT DAO" in the $MERTD example (2% of 1 billion base supply)
+- "FutureDAO does not benefit monetarily from these token migrations. All fees are directed to the Champions NFT holders"
+- Fees "delivered to the Champions NFT DAO over a 30 day period"
+- Fee rates: 2% (<$1M FDMC), 1.5% (<$5M FDMC), 1% (<$20M FDMC)
+
+## Limitations
+
+The proposal does not explain:
+- Why SPL-404 specifically (what properties of this standard enable the mechanism vs. alternatives?)
+- Whether staked NFTs can be traded or transferred (liquidity vs. lock-up tradeoff)
+- How fee distribution is calculated per individual NFT (equal split across all staked NFTs? weighted by stake duration?)
+- Securities classification analysis for revenue-bearing NFTs under US law
+- Whether the 30-day vesting is fixed or adjustable based on market conditions
+
+---
+
+Relevant Notes:
+- [[Ooki DAO proved that DAOs without legal wrappers face general partnership liability making entity structure a prerequisite for any futarchy-governed vehicle.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]]
+
+Topics:
+- internet-finance

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-token-migrator-proposal]] passed: $12K budget approved for Token Migrator development, first major non-MetaDAO project governance decision on platform
 ## 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-token-migrator-proposal.md

@@ -0,0 +1,44 @@
+---
+type: entity
+entity_type: decision_market
+name: "FutureDAO: Fund FutureDAO's Token Migrator"
+domain: internet-finance
+status: passed
+parent_entity: "[[futuredao]]"
+platform: futardio
+proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
+proposal_url: "https://www.futard.io/proposal/BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6"
+proposal_date: 2024-06-05
+resolution_date: 2024-06-08
+category: "mechanism"
+summary: "Approve $12K USDC budget for Token Migrator development enabling community takeovers of abandoned tokens"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# FutureDAO: Fund FutureDAO's Token Migrator
+
+## Summary
+
+Proposal to approve $12,000 USDC budget for developing FutureDAO's Token Migrator, an on-chain protocol enabling communities to execute structured takeovers of abandoned or rugged token projects. Budget split: $6K tool development, $6K security audits. Projected first-year revenue: $270K from 8 migrations.
+
+## Market Data
+
+- **Outcome:** Passed
+- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
+- **Proposal Date:** 2024-06-05
+- **Resolution Date:** 2024-06-08
+- **Budget:** $12,000 USDC
+
+## Significance
+
+This proposal demonstrates futarchy governance extending beyond ICO launches into protocol development funding. The Token Migrator addresses a specific market gap—27+ meme coin presales on Solana in 12 months with high abandonment rates—by creating structured takeover mechanics with conditional presale thresholds (60% success requirement) and minority protection (50% airdrop to non-migrators).
+
+The fee structure (1-2% of FDMC) flows entirely to Champions NFT holders (SPL-404 staking), not to FutureDAO treasury, creating a revenue distribution model distinct from traditional DAO treasury management.
+
+## Relationship to KB
+
+- [[futuredao]] — parent entity, first governance decision
+- [[metadao]] — infrastructure provider
+- [[futuredao-token-migrator-enables-community-takeovers-of-abandoned-projects-through-structured-on-chain-migration-protocol]] — mechanism claim
+- [[SPL-404-enables-fungible-NFT-swap-revenue-for-DAOs-by-bridging-governance-tokens-and-NFT-liquidity-on-Solana]] — revenue distribution claim

entities/internet-finance/futuredao.md

@@ -0,0 +1,33 @@
+---
+type: entity
+entity_type: company
+name: FutureDAO
+domain: internet-finance
+status: active
+founded: 2024
+platform: Solana
+parent_platform: "[[metadao]]"
+key_metrics:
+  initial_budget: "$12,000 USDC"
+  projected_first_year_revenue: "$270,000"
+  fee_structure: "1-2% of migrated token FDMC"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# FutureDAO
+
+FutureDAO is a futarchy-governed DAO building on-chain token migration infrastructure for Solana communities. Powered by MetaDAO's futarchy infrastructure, FutureDAO enables communities to execute structured takeovers of abandoned or rugged token projects through conditional presale mechanics.
+
+The core product is the Token Migrator, a protocol that facilitates transitions from old tokens to new tokens with proper governance. Revenue flows to "Future Champions" NFT holders who stake their NFTs (SPL-404) to capture migration fees.
+
+## Timeline
+
+- **2024-06-05** — [[futuredao-token-migrator-proposal]] proposed on Futardio: $12K budget for Token Migrator development and security audits
+- **2024-06-08** — Token Migrator proposal passed, enabling development of community takeover infrastructure
+
+## Relationship to KB
+
+- [[metadao]] — parent platform providing futarchy infrastructure
+- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — targets abandoned meme coin market
+- [[SPL-404-enables-fungible-NFT-swap-revenue-for-DAOs-by-bridging-governance-tokens-and-NFT-liquidity-on-Solana]] — revenue distribution mechanism

entities/internet-finance/metadao.md

@@ -54,6 +54,7 @@ The futarchy governance protocol on Solana. Implements decision markets through
 - **2026-03** — Pine Analytics Q4 2025 quarterly report published
 
 - **2024-02-18** — [[metadao-otc-trade-pantera-capital]] failed: Pantera Capital's $50,000 OTC purchase proposal rejected by futarchy markets
+- **2024-06-05** — [[futuredao-token-migrator-proposal]] proposed on Futardio by FutureDAO, demonstrating MetaDAO infrastructure adoption for derivative use cases beyond direct ICO launches
 ## Key Decisions
 | Date | Proposal | Proposer | Category | Outcome |
 |------|----------|----------|----------|---------|

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-of-abandoned-projects-through-structured-on-chain-migration-protocol.md", "spl-404-enables-fungible-nft-swap-revenue-for-daos-by-bridging-governance-tokens-and-nft-liquidity-on-solana.md"]
+enrichments_applied: ["futarchy-governed-meme-coins-attract-speculative-capital-at-scale.md", "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"]
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "Extracted two mechanism claims (token migration protocol, SPL-404 revenue distribution), enriched two existing claims (meme coin capital attraction, MetaDAO platform strategy), created FutureDAO entity and decision_market entity for the proposal, updated MetaDAO and Futardio timelines. Source is a governance proposal with detailed mechanism design—high signal for internet-finance domain."
 ---
 
 ## Proposal Details
@@ -166,3 +172,14 @@ 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 account: BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6
+- Proposal passed 2024-06-08, completed 2024-06-08
+- Budget: $12,000 USDC ($6K development, $6K audits)
+- Fee structure: 2% (<$1M FDMC), 1.5% (<$5M FDMC), 1% (<$20M FDMC)
+- Projected first-year revenue: $270K from 8 migrations
+- Success threshold: >60% of presale target raised
+- Non-migrating holders receive 50% airdrop
+- 27 notable meme coin presales on Solana in past 12 months (market analysis)