diff --git a/entities/internet-finance/coal-cut-emissions-by-50.md b/entities/internet-finance/coal-cut-emissions-by-50.md new file mode 100644 index 000000000..e91c5ae72 --- /dev/null +++ b/entities/internet-finance/coal-cut-emissions-by-50.md @@ -0,0 +1,41 @@ +--- +type: entity +entity_type: decision_market +name: "Coal: Cut emissions by 50%?" +domain: internet-finance +status: passed +parent_entity: "[[coal]]" +platform: "futardio" +proposer: "proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2" +proposal_url: "https://www.futard.io/proposal/6LcxhHS3JvDtbS1GoQS18EgH5Pzf7AnqQpR7D4HxmWpy" +proposal_date: 2024-11-13 +resolution_date: 2024-11-17 +category: "mechanism" +summary: "Proposal to reduce Coal token emission rate from 15.625 to 7.8125 per minute and establish bi-monthly decision markets for future adjustments" +tracked_by: rio +created: 2026-03-11 +--- + +# Coal: Cut emissions by 50%? + +## Summary +This proposal halved the Coal token emission rate from 15.625 to 7.8125 per minute (22,500 to 11,250 per day), reducing annual inflation from approximately 110% to 56%. The proposal also established a framework for bi-monthly decision markets to guide future emission rate adjustments, replacing the original post-launch schedule that was intended as temporary. + +## Market Data +- **Outcome:** Passed +- **Proposer:** proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2 +- **Created:** 2024-11-13 +- **Completed:** 2024-11-17 +- **Proposal Number:** 1 +- **DAO Account:** 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG +- **Autocrat Version:** 0.3 + +## Significance +This represents Coal's first major governance decision using futarchy to manage token economics. The proposal demonstrates futarchy being used for dynamic monetary policy adjustment rather than one-time decisions. By establishing bi-monthly decision markets for emission rates, Coal is implementing continuous governance over a critical economic parameter. + +The original emission schedule included automatic halvings at 5% circulating supply increases, but this was explicitly temporary. Moving to market-governed adjustments represents a shift from algorithmic to futarchic monetary policy. + +## Relationship to KB +- [[coal]] - parent entity, first major governance decision +- [[futardio]] - platform hosting the decision market +- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution]] - related mechanism concept diff --git a/entities/internet-finance/coal.md b/entities/internet-finance/coal.md new file mode 100644 index 000000000..1580b3ea7 --- /dev/null +++ b/entities/internet-finance/coal.md @@ -0,0 +1,25 @@ +--- +type: entity +entity_type: company +name: "Coal" +domain: internet-finance +status: active +platform: solana +governance_model: futarchy +tracked_by: rio +created: 2026-03-11 +--- + +# Coal + +## Overview +Coal is a futarchy-governed token project on Solana using [[futardio]] for governance. The project uses dynamic emission rate adjustments governed by bi-monthly decision markets rather than fixed algorithmic schedules. Coal represents an experiment in market-governed monetary policy for crypto tokens. + +## Timeline +- **2024-11-13** — [[coal-cut-emissions-by-50]] passed: First major governance decision halved emission rate from 15.625 to 7.8125 per minute, reducing annual inflation from ~110% to ~56% +- **2024-11-17** — Emission rate reduction completed, establishing bi-monthly decision market framework for future adjustments + +## Relationship to KB +- [[futardio]] - governance platform +- MetaDAO - futarchy infrastructure provider +- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution]] - related mechanism diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e1019..73ca8de89 100644 --- a/entities/internet-finance/futardio.md +++ b/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 +- **2024-11-13** — Coal project launches first governance proposal to halve emissions, demonstrating futarchy for dynamic monetary policy ## 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." diff --git a/inbox/archive/2024-11-13-futardio-proposal-cut-emissions-by-50.md b/inbox/archive/2024-11-13-futardio-proposal-cut-emissions-by-50.md index ba308ffaa..388892d60 100644 --- a/inbox/archive/2024-11-13-futardio-proposal-cut-emissions-by-50.md +++ b/inbox/archive/2024-11-13-futardio-proposal-cut-emissions-by-50.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/6LcxhHS3JvDtbS1GoQS18EgH5Pzf7AnqQpR7D4HxmWp date: 2024-11-13 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 +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "Source is a futarchy governance proposal for Coal token emission rate adjustment. Primary output is decision_market entity plus parent entity creation. No novel claims about futarchy mechanisms - this is standard application of existing futarchy governance to monetary policy. The bi-monthly adjustment framework is operationally interesting but not conceptually novel enough for a standalone claim." --- ## Proposal Details @@ -66,3 +70,11 @@ A follow-up decision market will be held in early January, approximately two mon - Autocrat version: 0.3 - Completed: 2024-11-17 - Ended: 2024-11-17 + + +## Key Facts +- Coal emission rate was 15.625 per minute (22,500 per day) before proposal +- Coal circulating supply threshold for next halving was 7,350,000 +- Coal annual inflation rate was approximately 110% before proposal, 56% after +- Coal's original emission schedule included automatic halvings every 5% circulating supply increase +- Coal proposal passed 2024-11-17 after 4-day market period