457e5065f4
- Source: inbox/archive/2024-06-05-futardio-proposal-fund-futuredaos-token-migrator.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
69 lines
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3.1 KiB
Markdown
69 lines
No EOL
3.1 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "FutureDAO: Fund FutureDAO's Token Migrator"
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domain: internet-finance
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status: passed
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parent_entity: "[[futuredao]]"
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platform: "futardio"
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proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
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proposal_url: "https://www.futard.io/proposal/BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6"
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proposal_date: 2024-06-05
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resolution_date: 2024-06-08
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category: "grants"
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summary: "Approve $12K USDC budget for developing on-chain token migration tool with fee-based revenue model"
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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budget_requested: "$12,000 USDC"
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development_allocation: "$6,000 USDC"
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audit_allocation: "$6,000 USDC"
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fee_structure: "1-2% based on market cap"
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revenue_distribution: "100% to Champions NFT holders"
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projected_first_year_revenue: "$270,000 from 8 migrations"
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---
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# FutureDAO: Fund FutureDAO's Token Migrator
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## Summary
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Proposal to develop the Future Protocol's token migration tool, enabling communities to transition from abandoned or poorly managed tokens to new tokens through structured on-chain process. The tool addresses rug pulls, dead projects, metadata changes, fundraising needs, and token standard upgrades on Solana. Revenue flows entirely to staked Champions NFT holders, not to the DAO treasury.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
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- **Budget:** $12,000 USDC ($6K development, $6K audits)
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- **Proposal Number:** 1
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- **DAO Account:** ofvb3CPvEyRfD5az8PAqW6ATpPqVBeiB5zBnpPR5cgm
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- **Autocrat Version:** 0.3
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## Mechanism Design
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**Migration Process:**
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1. Community intake and onboarding
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2. Launch parameters set (date, duration, presale amount, treasury allocation)
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3. Token migration begins (presale live, old tokens swappable for new)
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4. Resolution based on 60% presale threshold:
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- Success: LP reclaimed, new tokens distributed, 50% airdrop to non-migrators
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- Failure: SOL returned, new tokens swapped back, all new tokens burned
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**Fee Structure (based on FDMC):**
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- <$1M: 2% fee
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- <$5M: 1.5% fee
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- <$20M: 1% fee
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**Max Dilution Rates:**
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- <$1M FDMC: 15% (7.5% presale, 5.5% treasury, 2% DAO fee)
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- <$5M FDMC: 12% (6% presale, 4.5% treasury, 1.5% DAO fee)
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- <$20M FDMC: 10% (5% presale, 4% treasury, 1% DAO fee)
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## Significance
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This proposal demonstrates futarchy-governed product development funding with novel revenue distribution model where 100% of protocol fees flow to NFT holders rather than DAO treasury. The migration tool addresses real market need (27 notable Solana meme coin presales in prior 12 months with high abandonment rates) and creates infrastructure for community-led token recoveries.
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## Relationship to KB
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- [[futuredao]] — parent organization
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- [[MetaDAO]] — governance infrastructure
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- [[SPL-404-enables-fungible-NFT-swap-revenue-for-DAOs-by-bridging-governance-tokens-and-NFT-liquidity-on-Solana]] — NFT revenue mechanism
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- [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]] — governance model
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Topics:
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- [[domains/internet-finance/_map]] |