14181b882d
- 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>
52 lines
2.7 KiB
Markdown
52 lines
2.7 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "COAL: Establish Development Fund?"
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domain: internet-finance
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status: failed
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parent_entity: "coal"
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platform: "futardio"
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proposer: "AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r"
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proposal_url: "https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U"
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proposal_date: 2024-12-05
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resolution_date: 2024-12-08
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category: "treasury"
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summary: "Proposal to allocate 4.2% of mining emissions to a development fund for protocol development, community rewards, and marketing"
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tracked_by: rio
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created: 2026-03-11
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---
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# COAL: Establish Development Fund?
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## Summary
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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.
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## Market Data
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- **Outcome:** Failed
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- **Proposer:** AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r
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- **Proposal Account:** DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U
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- **DAO Account:** 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
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- **Duration:** 2024-12-05 to 2024-12-08 (3 days)
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- **Autocrat Version:** 0.3
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## Proposal Details
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- **Allocation Rate:** 4.2% of current mining emission rate
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- **Daily Amount:** 472.5 COAL (from 11,250 base rate)
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- **Distribution:** Weekly claims to DAO-managed multisig
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- **Transparency:** Public tracking of all expenditures
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- **Impact on Miners:** No reduction in mining rewards; increases total supply growth by 4.2%
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## Significance
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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:
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1. Strong miner resistance to any dilution of their share
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2. Lack of trust in DAO treasury management
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3. Preference for alternative funding mechanisms
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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.
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## Context
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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.
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## Relationship to KB
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- [[futardio]] - governance platform
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- [[MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window]] - mechanism used
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