---
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_allocation: "971,880 COAL"
  dev_fund_allocation: "3,028,120 COAL"
  eligible_wallets: 2314
  airdrop_amount_per_wallet: "420 COAL"
  min_meta_holding: "$100 USD notional"
  snapshot_date: "2025-10-12"
  monthly_disbursement_cap: "30,000 COAL"
  large_grant_threshold: "69,000 COAL"
---

# coal

$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 transitioned to v0.6 DAO governance with futarchy AMM, DAO treasury, and structured proposal mechanisms.

## 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: one-time airdrop of 420 $coal per eligible META holder, supply expansion from 21M to 25M tokens, and establishment of Development Fund with 3,028,120 COAL allocation
- **2025-10-18** — [[coal-lets-get-futarded]] passed: approved airdrop, supply increase, Development Fund with monthly 30K COAL disbursement cap to lead dev Grant, and migration to v0.6 DAO governance with futarchy AMM

## Relationship to KB
- [[futardio]] — governance platform
- [[MetaDAO]] — ecosystem relationship through META holder airdrop
- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — exemplifies futarchy memecoin model