---
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