extract: 2024-08-28-futardio-proposal-test-proposal-based-on-metadao-content #935

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@ -6,6 +6,12 @@ description: The first futarchy-governed meme coin launch raised $11.4M in under
confidence: experimental
tags: [futarchy, meme-coins, capital-formation, governance, speculation]
created: 2026-03-04
### Additional Evidence (challenge)
*Source: [[2024-08-28-futardio-proposal-test-proposal-based-on-metadao-content]] | Added: 2026-03-15 | Extractor: anthropic/claude-sonnet-4.5*
The Futardio proposal itself failed (status: Failed, completed 2024-09-01), suggesting that futarchy-governed memecoin launches may not attract capital as reliably as expected. Despite the theoretical advantages outlined (driving attention to futarchy, providing proof points, potential revenue for MetaDAO), the market rejected the proposal to create Futardio. This indicates either skepticism about the memecoin governance use case or concerns about reputational risk ('makes futarchy look less serious', 'may make it harder to sell DeFi DAOs / non-crypto organizations').
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# Futarchy-governed meme coins attract speculative capital at scale

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@ -48,6 +48,8 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
- **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status
- **2026-03-05** — [[insert-coin-labs-futardio-fundraise]] launched for Web3 gaming studio (failed, $2,508 / $50K = 5% of target)
- **2026-03-05** — [[git3-futardio-fundraise]] failed: Git3 raised $28,266 of $100K target (28.3%) before entering refunding status, demonstrating market filtering even with live MVP
- **2024-08-28** — MetaDAO proposal to develop Futardio platform submitted with $100k grant structure
- **2024-09-01** — MetaDAO proposal failed; Futardio development cancelled by futarchy decision
## 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."

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@ -58,6 +58,8 @@ The futarchy governance protocol on Solana. Implements decision markets through
- **2024-03-02** — [[metadao-increase-meta-liquidity-dutch-auction]] passed: completed Dutch auction and liquidity provision, moving all protocol-owned liquidity to Meteora 1% fee pool
- **2025-01-27** — [[metadao-otc-trade-theia-2]] proposed: Theia offers $500K for 370.370 META at 14% premium with 12-month vesting
- **2025-01-30** — [[metadao-otc-trade-theia-2]] passed: Theia acquires 370.370 META tokens for $500,000 USDC
- **2024-08-28** — [[metadao-create-futardio]] proposed: develop Futardio memecoin launchpad with $100k grant
- **2024-09-01** — [[metadao-create-futardio]] failed: market rejected memecoin launchpad strategy
## Key Decisions
| Date | Proposal | Proposer | Category | Outcome |
|------|----------|----------|----------|---------|

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@ -6,9 +6,14 @@ url: "https://www.futard.io/proposal/EmPUGgv2Utzuu2vgSu6GcTRAtJMox5vJeZKi95cBgfJ
date: 2024-08-28
domain: internet-finance
format: data
status: unprocessed
status: enrichment
tags: [futardio, metadao, futarchy, solana, governance]
event_type: proposal
processed_by: rio
processed_date: 2026-03-11
enrichments_applied: ["futarchy-governed-meme-coins-attract-speculative-capital-at-scale.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Failed proposal for Futardio memecoin launchpad. Primary value is as counter-evidence to memecoin futarchy adoption claims and as example of futarchy being used for strategic product decisions. No novel claims extracted - all insights enrich existing claims about futarchy adoption friction and MetaDAO's implementation. Created decision_market entity per schema."
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## Proposal Details
@ -352,3 +357,17 @@ This would all be left to the discretion of the team building it, but they would
- Autocrat version: 0.3
- Completed: 2024-09-01
- Ended: 2024-09-01
## Key Facts
- Futardio proposal account: EmPUGgv2Utzuu2vgSu6GcTRAtJMox5vJeZKi95cBgfJo
- Proposal number: 8
- DAO account: GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce
- Proposer account: HwBL75xHHKcXSMNcctq3UqWaEJPDWVQz6NazZJNjWaQc
- Autocrat version: 0.3
- Proposed grant: $100k over 6 months
- Proposed launch timeline: Q3 2024
- Points conversion window: max 180 days to $FUTA token
- Revenue distribution: 100% to FUTA holders via claimable vault
- Token distribution: points owners and MetaDAO only
- Platform architecture: immutable program, IPFS/Arweave frontend, MetaDAO-governed parameters