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- Source: inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
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| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | COAL: Establish Development Fund? | internet-finance | failed | coal | futardio | AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r | https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U | 2024-12-05 | 2024-12-08 | treasury | Proposal to allocate 4.2% of mining emissions to a development fund for protocol development, community rewards, and marketing | rio | 2026-03-11 |
COAL: Establish Development Fund?
Summary
Proposal to establish a development fund through a 4.2% emissions allocation (472.5 COAL/day) to support protocol development, reward community contributions, and enable marketing initiatives. The allocation would increase total supply growth by 4.2% rather than reducing mining rewards. Failed after 3-day voting period.
Market Data
- Outcome: Failed
- Proposer: AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r
- Proposal Account: DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U
- DAO Account: 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
- Duration: 2024-12-05 to 2024-12-08 (3 days)
- Autocrat Version: 0.3
Proposal Details
- Allocation Rate: 4.2% of current mining emission rate
- Daily Amount: 472.5 COAL (from 11,250 base rate)
- Distribution: Weekly claims to DAO-managed multisig
- Transparency: Public tracking of all expenditures
- Impact on Miners: No reduction in mining rewards; increases total supply growth by 4.2%
Significance
This proposal represents a critical governance decision for COAL's transition from pure fair-launch model to sustainable development funding. The failure indicates community preference for maintaining the original zero-allocation tokenomics despite the project's stated need for development resources. The rejection suggests either:
- Strong miner resistance to any dilution of their share
- Lack of trust in DAO treasury management
- Preference for alternative funding mechanisms
The 4.2% rate was designed to avoid reducing mining rewards, but the proposal still failed, suggesting the community values supply scarcity over development funding.
Context
COAL launched in August 2024 as a fair-launch project with no pre-mine or team allocation. This proposal was the first attempt to establish ongoing development funding through emissions rather than one-time treasury actions.