diff --git a/entities/internet-finance/coal-lets-get-futarded.md b/entities/internet-finance/coal-lets-get-futarded.md new file mode 100644 index 000000000..6f693425d --- /dev/null +++ b/entities/internet-finance/coal-lets-get-futarded.md @@ -0,0 +1,85 @@ +--- +type: entity +entity_type: decision_market +name: "coal: Let's get Futarded" +domain: internet-finance +status: passed +parent_entity: "[[coal]]" +platform: "futardio" +proposer: "HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC" +proposal_url: "https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA" +proposal_date: 2025-10-15 +resolution_date: 2025-10-18 +category: "treasury" +summary: "Expand coal supply to 25M, airdrop 420 COAL to 2,314 META holders, establish 3M COAL dev fund, migrate to v0.6 governance" +tracked_by: rio +created: 2026-03-11 +key_metrics: + proposal_number: 3 + autocrat_version: "0.3" + proposal_length: "3 days" + new_governance_params: + twap_delay: "1 day" + min_liquidity: "1500 USDC, 2000 COAL" + pass_threshold: "100 bps" + coal_staked: "10,000" + proposal_length: "3 days" +--- + +# coal: Let's get Futarded + +## Summary +This proposal executed a comprehensive governance and tokenomics upgrade for coal, the only proof-of-work memecoin on Solana. It expanded total supply from 21M to 25M COAL through a one-time mint, distributed 420 COAL to each of 2,314 eligible META holders (snapshot October 12, 2025), established a 3.03M COAL development fund with monthly disbursement guardrails, and migrated the DAO to v0.6 governance infrastructure with futarchy AMM capabilities. + +## Market Data +- **Outcome:** Passed +- **Proposer:** HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC +- **Proposal Account:** 6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA +- **DAO Account:** 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG +- **Duration:** October 15-18, 2025 (3 days) + +## Proposal Structure + +### Airdrop Component +- **Eligibility:** All META holders at October 12, 2025 snapshot holding ≥$100 notional value +- **Amount:** 420 COAL per eligible wallet +- **Total Recipients:** 2,314 wallets +- **Total Airdrop:** 971,880 COAL + +### Supply Expansion +- **Previous Supply:** 21,000,000 COAL +- **New Supply:** 25,000,000 COAL +- **One-time Increase:** 4,000,000 COAL +- **Allocation:** 971,880 to airdrop, 3,028,120 to dev fund +- **Mining Emissions:** Unchanged + +### Development Fund +- **Size:** 3,028,120 COAL +- **Manager:** DAO treasury +- **Monthly Disbursement Cap:** 30,000 COAL to Grant (lead dev) +- **Large Grant Threshold:** Any single use >69,000 COAL requires separate decision market +- **Transparency:** Public ledger, monthly forum reports, verified addresses +- **Purpose:** Protocol development, futarchy experiments, community contributions, tooling, integrations, marketing, liquidity seeding + +### Governance Migration +- **Target:** v0.6 DAO infrastructure +- **New Features:** DAO treasury, futarchy AMM, full governance tooling +- **TWAP Delay:** 1 day +- **Minimum Liquidity:** 1,500 USDC + 2,000 COAL +- **Pass Threshold:** 100 basis points +- **Staking Requirement:** 10,000 COAL +- **Proposal Duration:** 3 days + +### Liquidity Strategy +- **OTC Buyer:** Lined up to purchase portion of dev fund +- **Proceeds Use:** Seed futarchy AMM and bootstrap COAL liquidity + +## Significance +This proposal represents a comprehensive transition from experimental memecoin to structured futarchy-governed protocol. The META holder airdrop creates cross-pollination between MetaDAO's futarchy ecosystem and coal's proof-of-work model. The development fund with explicit guardrails (monthly caps, large-grant thresholds requiring separate markets) demonstrates maturing governance design that balances operational flexibility with market oversight. The migration to v0.6 infrastructure with futarchy AMM capabilities positions coal as a testing ground for futarchy mechanisms in the memecoin context. + +## Relationship to KB +- [[coal]] — parent entity +- [[futardio]] — governance platform +- [[MetaDAO]] — source of airdrop recipients +- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — exemplifies governance model +- [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — demonstrates supply expansion mechanism \ No newline at end of file diff --git a/entities/internet-finance/coal.md b/entities/internet-finance/coal.md new file mode 100644 index 000000000..d6f67e448 --- /dev/null +++ b/entities/internet-finance/coal.md @@ -0,0 +1,33 @@ +--- +type: entity +entity_type: company +name: "coal" +domain: internet-finance +status: active +tracked_by: rio +created: 2026-03-11 +key_metrics: + total_supply: "25,000,000 COAL (post-expansion)" + initial_supply: "21,000,000 COAL" + supply_increase: "4,000,000 COAL (one-time)" + airdrop_amount: "971,880 COAL (420 per eligible wallet)" + dev_fund: "3,028,120 COAL" + eligible_wallets: 2314 + min_meta_holding: "$100 USD notional value" + snapshot_date: "2025-10-12" +--- + +# coal + +## Overview +coal is a futarchy-governed memecoin and the only proof-of-work coin on Solana post-Ore transition. The project operates through minechain.gg and uses [[futardio]] for governance decisions. In October 2025, coal executed a supply expansion and META holder airdrop to establish a development fund and migrate to v0.6 DAO governance with futarchy AMM infrastructure. + +## Timeline +- **2025-10-12** — Snapshot taken for META holder airdrop eligibility (2,314 wallets holding ≥$100 META) +- **2025-10-15** — [[coal-lets-get-futarded]] proposal created: airdrop 420 COAL per eligible META holder, expand supply to 25M, establish dev fund +- **2025-10-18** — Proposal passed and completed; supply increased from 21M to 25M COAL, dev fund established with 3.03M COAL + +## Relationship to KB +- [[futardio]] — governance platform +- [[MetaDAO]] — parent ecosystem for META token holders receiving airdrop +- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — exemplifies futarchy memecoin model \ No newline at end of file diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e1019..35dca40a0 100644 --- a/entities/internet-finance/futardio.md +++ b/entities/internet-finance/futardio.md @@ -46,6 +46,8 @@ 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 +- **2025-10-15** — [[coal-lets-get-futarded]] proposal created on Futardio: coal supply expansion, META airdrop, dev fund establishment +- **2025-10-18** — [[coal-lets-get-futarded]] passed: coal migrated to v0.6 DAO governance with futarchy AMM infrastructure ## 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/entities/internet-finance/metadao.md b/entities/internet-finance/metadao.md index 9f0ae5600..d82d3847b 100644 --- a/entities/internet-finance/metadao.md +++ b/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 +- **2025-10-15** — coal proposed airdrop of 420 COAL to 2,314 META holders (≥$100 holding at Oct 12 snapshot) ## Key Decisions | Date | Proposal | Proposer | Category | Outcome | |------|----------|----------|----------|---------| diff --git a/inbox/archive/2025-10-15-futardio-proposal-lets-get-futarded.md b/inbox/archive/2025-10-15-futardio-proposal-lets-get-futarded.md index c833caeae..26598918c 100644 --- a/inbox/archive/2025-10-15-futardio-proposal-lets-get-futarded.md +++ b/inbox/archive/2025-10-15-futardio-proposal-lets-get-futarded.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLb date: 2025-10-15 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: "Proposal data extraction for coal governance decision. Created new entity for coal (PoW memecoin) and decision_market entity for the proposal. No novel claims about futarchy mechanisms—this is a straightforward application of existing futarchy-governed DAO patterns. Updated timeline entries for futardio and metadao to reflect cross-ecosystem activity." --- ## Proposal Details @@ -97,3 +101,12 @@ Voting - Autocrat version: 0.3 - Completed: 2025-10-18 - Ended: 2025-10-18 + + +## Key Facts +- coal total supply expanded from 21M to 25M (one-time increase of 4M) +- 2,314 META holder wallets eligible for 420 COAL airdrop (snapshot 2025-10-12) +- coal dev fund established with 3,028,120 COAL and 30K monthly disbursement cap +- coal migrated to v0.6 DAO governance with futarchy AMM (2025-10-18) +- coal is the only PoW coin on Solana post-Ore transition +- coal governance parameters: 1-day TWAP delay, 1500 USDC + 2000 COAL min liquidity, 100 bps pass threshold, 10K COAL stake requirement, 3-day proposals