m3taversal
1073c231c8
Co-authored-by: m3taversal <m3taversal@gmail.com> Co-committed-by: m3taversal <m3taversal@gmail.com>
4 KiB
| type | title | author | url | date | domain | format | status | tags | event_type | |||||
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| source | Futardio: Let's get Futarded. | futard.io | https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA | 2025-10-15 | internet-finance | data | unprocessed |
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proposal |
Proposal Details
- Project: coal
- Proposal: Let's get Futarded.
- Status: Passed
- Created: 2025-10-15
- URL: https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA
- Description: $coal is the only futarchy memecoin and, post-Ore transition, the only PoW coin on Solana. If you haven't seen us, check out https://minechain.gg/.
Let's get Futarded.
Summary
🎯 Key Points
The proposal aims to onboard $META holders through a one-time airdrop of 420 $coal, increase the total supply of $coal to 25,000,000 to fund a development initiative, and establish a transparent Development Fund for ongoing community and protocol growth.
📊 Impact Analysis
👥 Stakeholder Impact
Eligible $META holders will receive an airdrop, while the broader community benefits from a dedicated fund for development and marketing initiatives.
📈 Upside Potential
The proposal could enhance liquidity and support sustainable growth of the $coal ecosystem through increased funding and community involvement.
📉 Risk Factors
There is a risk of inflation in the $coal supply that could affect its value if not managed properly, alongside potential governance challenges in fund disbursement.
Content
This proposal does 3 things: 1/ Onboard META holders: One-time airdrop of 420 $coal to every $META holder (snapshot taken on October 12, 2025). 2/ Expand Supply for Growth: One-time mint to enable the airdrop, seed a dev fund, and provide initial liquidity. 3/ Establish a Development Fund: Transparent treasury for ongoing development, community initiatives, and integrations.
Airdrop
Eligibility: All $META holders at snapshot (2,314 wallets) holding at least $100 worth of $META (notional value). Amount: 420 $coal per eligible wallet. Distribution: Direct airdrop to wallets holding $META at snapshot.
Supply Update
Total supply: 21,000,000 → 25,000,000 $coal (one-time increase of 4,000,000). Breakdown of new $coal:
- 971,880 → Airdrop (420 * 2,314 holders)
- 3,028,120 → Development Fund Mining emissions: Unchanged by this proposal.
Development Fund
Purpose:
- Support protocol development and futarchy experiments
- Reward community contributions, tooling, and integrations
- Fund marketing, onboarding, and liquidity seeding
- Maintain sustainable runway for growth
Guardrails:
- Manager: DAO treasury
- Disbursements: up to 30,000 $coal per month, to Grant (lead dev)
- Transparency: Public ledger of inflows/outflows, monthly forum report, verified addresses
- Large grants: Any single use of DAO treasury funds, dispersed or not, over 69,000 $coal requires a separate decision market
Liquidity Kickstart -An OTC buyer is lined up to purchase a portion of the Dev Fund; proceeds will seed the futarchy AMM and bootstrap $coal liquidity.
Moving into v.06 DAO governance
$coal is a real boy now! We will be migrating to a v.06 DAO. This means we will have a DAO treasury, a futarchy AMM, and all the tools to bring minechain to the masses, sustainably. The following parameters will be set for new proposals:
- TWAP delay: 1 day
- Minimum liquidity: 1500 USDC, 2000 coal
- Pass threshold: 100 bps
- Coal staked: 10,000
- Proposal length: 3 days
Voting
- YES: Approve snapshot airdrop (420 $coal per $META holder), raise max supply to 25,000,000, and establish the Development Fund with the framework above.
- NO: Keep current supply; no airdrop, no fund, no liquidity seeding.
Raw Data
- Proposal account:
6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA - Proposal number: 3
- DAO account:
3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG - Proposer:
HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC - Autocrat version: 0.3
- Completed: 2025-10-18
- Ended: 2025-10-18