---
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 (increased from 21,000,000)"
  airdrop_amount: "420 coal per eligible META holder"
  eligible_wallets: 2314
  dev_fund: "3,028,120 coal"
  monthly_disbursement_cap: "30,000 coal"
  large_grant_threshold: "69,000 coal (requires separate decision market)"
---

# 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 futarchy governance via MetaDAO's v.06 DAO infrastructure with conditional token markets for decision-making.

## Timeline
- **2025-10-12** — Snapshot taken of META holders for airdrop eligibility (2,314 wallets holding at least $100 worth of META)
- **2025-10-15** — [[coal-lets-get-futarded]] proposal created to expand supply, airdrop to META holders, and establish Development Fund
- **2025-10-18** — Proposal passed; total supply increased from 21M to 25M coal; 971,880 coal allocated to airdrop (420 per eligible wallet), 3,028,120 to Development Fund
- **2025-10-18** — Migration to v.06 DAO governance with futarchy AMM, DAO treasury, and new proposal parameters (1-day TWAP delay, 1500 USDC/2000 coal minimum liquidity, 100 bps pass threshold, 10,000 coal stake requirement, 3-day proposal length)

## Relationship to KB
- [[MetaDAO]] — governance infrastructure provider
- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — exemplifies futarchy memecoin model
- [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — demonstrates supply expansion for treasury funding

## Sources
- Futardio proposal: Let's get Futarded (2025-10-15)