77 lines
3.7 KiB
Markdown
77 lines
3.7 KiB
Markdown
---
|
|
type: source
|
|
title: "Futardio: Create Spot Market for META?"
|
|
author: "futard.io"
|
|
url: "https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b"
|
|
date: 2024-01-12
|
|
domain: internet-finance
|
|
format: data
|
|
status: entity-data
|
|
tags: [futardio, metadao, futarchy, solana, governance]
|
|
event_type: proposal
|
|
---
|
|
|
|
## Proposal Details
|
|
- Project: MetaDAO
|
|
- Proposal: Create Spot Market for META?
|
|
- Status: Passed
|
|
- Created: 2024-01-12
|
|
- URL: https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b
|
|
- Description: initiate the creation of a spot market for $META tokens, allowing broader public access to the token and establishing liquidity.
|
|
|
|
## Summary
|
|
|
|
### 🎯 Key Points
|
|
The proposal aims to create a spot market for \$META tokens, establish liquidity through a token sale at a price based on the TWAP of the last passing proposal, and allocate raised funds to support ongoing Meta-DAO initiatives.
|
|
|
|
### 📊 Impact Analysis
|
|
#### 👥 Stakeholder Impact
|
|
Stakeholders, including token holders and participants in the market, will gain broader access to \$META tokens and improved liquidity.
|
|
|
|
#### 📈 Upside Potential
|
|
Successfully launching the spot market could enhance the visibility and trading volume of \$META tokens, benefiting the overall Meta-DAO ecosystem.
|
|
|
|
#### 📉 Risk Factors
|
|
If the proposal fails, the Meta-DAO will be unable to raise funds until March 12, 2024, potentially hindering its operational capabilities.
|
|
|
|
## Content
|
|
|
|
### **Overview**
|
|
|
|
The purpose of this proposal is to initiate the creation of a spot market for \$META tokens, allowing broader public access to the token and establishing liquidity. The proposed market will be funded through the sale of \$META tokens, and the pricing structure will be determined based on the Time-Weighted Average Price (TWAP) of the proposal that passes. The funds raised will be utilized to support the Meta-DAO's ongoing initiatives and operations.
|
|
|
|
### **Key Components**
|
|
|
|
#### **Token Sale Structure:**
|
|
- The initial token sale will involve the Meta-DAO selling \$META tokens to the public. Anyone can participate.
|
|
- The sale price per \$META token will be set at the TWAP of the last passing proposal.
|
|
- In case of this proposal failing, the sale will not proceed and Meta-DAO can't raise from public markets till 12 March 2024.
|
|
#### **Liquidity Pool Creation:**
|
|
- A liquidity pool (LP) will be established to support the spot market.
|
|
- Funding for the LP will come from the token sale, with approximately $35,000 allocated for this purpose.
|
|
#### **Token Sale Details:**
|
|
- Hard cap: 75,000usd
|
|
- Sale Price: TWAP of this passing proposal
|
|
- Sale Quantity: Hard cap / Sale Price
|
|
- Spot Market Opening Price: To be determined, potentially higher than the initial public sale price.
|
|
#### **Liquidity Pool Allocation:**
|
|
- LP Token Pairing: \$META tokens from treasury paired with approximately \$35,000usd.
|
|
- Any additional funds raised beyond the LP allocation will be reserved for operational funding in \$SOL tokens.
|
|
|
|
### **Next Steps**
|
|
1. If approved, initiate the token sale using the most convenient methodology to maximize the event. Proceed with the creation of the SMETA spot market.
|
|
2. In case of failure, Meta-DAO will be unable to raise funds until March 12, 2024.
|
|
|
|
### **Conclusion**
|
|
This proposal aims to enhance the Meta-DAO ecosystem experience by introducing a spot market for \$META tokens.
|
|
The proposal invites futards to actively participate in shaping the future of the \$META token.
|
|
|
|
## Raw Data
|
|
|
|
- Proposal account: `9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b`
|
|
- Proposal number: 3
|
|
- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
|
|
- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
|
|
- Autocrat version: 0.1
|
|
- Completed: 2024-01-18
|
|
- Ended: 2024-01-18
|