---
type: decision
entity_type: decision_market
name: "MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins"
domain: internet-finance
status: failed
parent_entity: "[[metadao]]"
platform: "futardio"
proposer: "Ben Hawkins"
proposal_url: "https://www.futard.io/proposal/US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK"
proposal_date: 2024-02-13
resolution_date: 2024-02-18
category: "treasury"
summary: "Proposal to mint 1,500 META tokens in exchange for $50,000 USDC to MetaDAO treasury at $33.33 per META"
tracked_by: rio
created: 2026-03-11
---

# MetaDAO: Engage in $50,000 OTC Trade with Ben Hawkins

## Summary
Ben Hawkins proposed to mint 1,500 META tokens to his wallet address in exchange for sending $50,000 USDC to MetaDAO's treasury, valuing META at $33.33 per token. The proposal was rejected by the futarchy markets.

## Market Data
- **Outcome:** Failed
- **Proposer:** Ben Hawkins
- **Proposal Account:** US8j6iLf9GkokZbk89Bo1qnGBees5etv5sEfsfvCoZK
- **Proposal Number:** 6
- **Created:** 2024-02-13
- **Completed:** 2024-02-18
- **Ended:** 2024-02-18

## Significance
This represents an early OTC trade proposal on MetaDAO's futarchy platform, testing the market's willingness to accept direct token minting for treasury capital. The rejection suggests the market viewed the valuation as unfavorable or the dilution as undesirable at that time.

## Relationship to KB
- [[metadao]] - treasury governance decision
- [[futardio]] - platform where proposal was executed