extract: 2024-08-28-futardio-proposal-test-proposal-based-on-metadao-content #962

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@ -33,6 +33,12 @@ This claim extends futarchy-governed-permissionless-launches-require-brand-separ
Phonon Studio AI raised $88,888 target but ended in 'Refunding' status within one day (launched 2026-03-05, closed 2026-03-06). The project had live product traction (1000+ songs generated in first week, functional tokenized AI artist logic) but still failed to attract capital, suggesting futarchy-governed launches face quality perception issues even when projects demonstrate real product-market validation.
### Additional Evidence (confirm)
*Source: [[2024-08-28-futardio-proposal-test-proposal-based-on-metadao-content]] | Added: 2026-03-16*
Futardio proposal explicitly lists 'Makes futarchy look less serious' and 'May make it harder to sell DeFi DAOs / non-crypto organizations' as potential pitfalls, demonstrating MetaDAO's awareness of the reputational tradeoff. The proposal was ultimately rejected (status: Failed), suggesting the market agreed the credibility risk outweighed adoption benefits.
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Relevant Notes:

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@ -34,6 +34,12 @@ This claim complements [[coin price is the fairest objective function for asset
MetaDAO's Futardio proposal explicitly states: 'One of the ideal use-cases for futarchy is memecoin governance. This is because memecoin holders only want the price of the token to increase. There's no question of "maybe the market knows what's the best short-term action, but not the best long-term action."' This provides direct confirmation from MetaDAO itself that memecoins eliminate the temporal tradeoff problem that complicates futarchy in other contexts.
### Additional Evidence (confirm)
*Source: [[2024-08-28-futardio-proposal-test-proposal-based-on-metadao-content]] | Added: 2026-03-16*
MetaDAO proposal explicitly identifies memecoin governance as 'ideal use-case for futarchy' because 'memecoin holders only want the price of the token to increase. There's no question of maybe the market knows what's the best short-term action, but not the best long-term action.' This confirms the single-objective-function thesis with direct reasoning from practitioners.
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Relevant Notes:

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@ -17,6 +17,7 @@ Colosseum operates Solana's hackathon infrastructure, runs an accelerator progra
- **2024-03-19** — [[metadao-otc-trade-colosseum]] proposed: $250,000 USDC acquisition of META tokens with 20% immediate unlock and 80% vested over 12 months
- **2024-03-24** — [[metadao-otc-trade-colosseum]] passed: Colosseum completed OTC acquisition of META tokens from MetaDAO treasury
- **2024-03-19** — Proposed $250,000 OTC acquisition of META tokens from MetaDAO treasury at market price up to $850 per token, with 20% immediate unlock and 80% vesting over 12 months. Proposal passed 2024-03-24. Committed to sponsor DAO track in next Solana hackathon ($50-80k prize pool) as part of strategic partnership.
## Relationship to KB
- [[metadao]] — strategic investor and ecosystem partner
- Demonstrates institutional adoption of futarchy-governed token sales as fundraising mechanism

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@ -54,6 +54,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
- **2026-02-03** — Hurupay fundraise launched targeting $3M, closed Feb 7 at $2M (67% of target) in refunding status
- **2026-03-05** — Seyf AI-native wallet launch: raised $200 against $300,000 target, refunded (99.93% shortfall)
- **2026-03-06** — LobsterFutarchy launch raised $1,183 against $500,000 target, closed in refunding status after one day
- **2024-08-28** — MetaDAO futarchy proposal to build futardio memecoin launchpad created, offering $100k grant over 6 months with Q3 launch target. Proposal failed, project cancelled.
## 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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@ -66,6 +66,7 @@ The futarchy governance protocol on Solana. Implements decision markets through
- **2024-01-29** — AMM proposal passed with 400 META on approval and 800 META on completion budget
- **2024-08-31** — Passed proposal to enter services agreement with Organization Technology LLC, creating US entity vehicle for paying contributors with $1.378M annualized burn rate. Entity owns no IP (all owned by MetaDAO LLC) and cannot encumber MetaDAO LLC. Agreement cancellable with 30-day notice or immediately for material breach.
- **2024-03-19** — Colosseum proposes $250,000 OTC acquisition of META with TWAP-based pricing (market price up to $850, voided above $1,200), 20% immediate unlock and 80% 12-month linear vest. Proposal passed 2024-03-24. Includes commitment to sponsor DAO track ($50-80K prize pool) in next Solana hackathon after Renaissance at no cost to MetaDAO.
- **2024-03-19** — Proposal #13: Colosseum OTC acquisition of up to $250,000 worth of META tokens passed. Price mechanism: TWAP of pass market if below $850, capped at $850 if TWAP between $850-$1,200, void if above $1,200. Executed via 5/7 multisig with members from both organizations. Proposal completed 2024-03-24.
## Key Decisions
| Date | Proposal | Proposer | Category | Outcome |
|------|----------|----------|----------|---------|

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@ -6,9 +6,13 @@ 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: 2026-03-16
enrichments_applied: ["memecoin-governance-is-ideal-futarchy-use-case-because-single-objective-function-eliminates-long-term-tradeoff-ambiguity.md", "futarchy-governed-memecoin-launchpads-face-reputational-risk-tradeoff-between-adoption-and-credibility.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
---
## Proposal Details
@ -352,3 +356,13 @@ 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 on MetaDAO created 2024-08-28, failed 2024-09-01
- Proposal included $100k grant paid over 6 months to development team
- Platform would have allocated percentage of each memecoin supply to futarchy DAO
- Points system would convert to $FUTA token within 180 days
- Revenue would flow to vault claimable by FUTA holders
- Target launch was Q3 2024
- Nallok and Proph3t would support but not be core team