---
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