8.8 KiB
| type | title | author | url | date | domain | format | status | tags | event_type | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| source | Futardio: A VERY unique title, some say it's... really unique | futard.io | https://www.futard.io/proposal/GugKjNpirFNaaRkEStRKGJPnutptsnTA3XuCJ8nwaVtK | 2024-08-28 | internet-finance | data | entity-data |
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proposal |
Proposal Details
- Project: Unknown
- Proposal: A VERY unique title, some say it's... really unique
- Status: Failed
- Created: 2024-08-28
- URL: https://www.futard.io/proposal/GugKjNpirFNaaRkEStRKGJPnutptsnTA3XuCJ8nwaVtK
- Description: MetaDAO now has a platform for creating and participating in futarchies. The central problem is distributing it: getting people and organizations to use futarchy.
One of the ideal use-cases for futarchy is memecoin governance. This is because memecoin holders only want the price of the token to increase. There’s no question of “maybe the market knows what’s the best short-term action, but not the best long-term action.”
Coincidentally, there appears to be an opening in the market to launch “pump.fun with a token.” Such a platform may be able to bootstrap adoption by issuing points that convert into a token that receives the revenue generated by the platform.
For these reasons, I had the idea to create “futardio,” a memecoin launchpad with said bootstrapping mechanism where a portion of every launched memecoin gets allocated to a futarchy DAO.
We are not sure whether it makes sense for MetaDAO to release such a platform. There are potential advantages and potential pitfalls. So we are putting this decision up to the market. **If this proposal passes, MetaDAO will develop and release futardio. If it fails, it will not.**
## Details
The key ideas are expressed in https://futard.io.
The details of Futardio would be:
- A memecoin launchpad where some percentage of every new token’s supply gets allocated to its futarchy DAO
- When users increase key metrics (e.g., volume), they earn points
- After a period of time not exceeding 180 days, these points would convert into a new token (‘$FUTA’)
- FUTA would be distributed to solely two parties: points owners and MetaDAO
- All revenue from Futardio would be distributed to a vault that can be claimed by FUTA holders
- By the time the token is live, Futardio would be immutable and decentralized. The program would be immutable, open-source, and verifiable, with any parameters being governed by MetaDAO. The website would be deployed immutably on IPFS or Arweave. Futardio would be a gambling [hyperstructure](https://jacob.energy/hyperstructures.html).
- The goal would be to launch it in Q3.
- Nallok and Proph3t wouldn’t be the core team, but they would support a team and fund them with a \$100k grant paid over 6 months. If a team hasn’t started work by the end of Q3, the money would be returned and the project idea cancelled.
This would all be left to the discretion of the team building it, but they would be expected to follow the broad outline.
## Potential advantages
- Drive attention and usage to futarchy
- More exposure
- More usage helps MetaDAO improve the product
- Provides more proof points of futarchy
- If MetaDAO sells some of its tokens or stakes them to the vault, it could receive cash to fund future activities
- Create a forcing function to improve the security of the core futarchy platform
## Potential pitfalls
- Makes futarchy look less serious
- May make it harder to sell DeFi DAOs / non-crypto organizations
- May make it harder to recruit contributors
- Time & energy investment
- Would prevent MetaDAO from solely focusing on the core platform
- Categories: {'category': 'Dao'}
- Discussion: https://discord.gg/dxg65cWB2x
Summary
🎯 Key Points
The proposal aims to create "futardio," a memecoin launchpad that incorporates futarchy by allocating a percentage of each new token's supply to a futarchy DAO, while also enabling users to earn points that convert into a new token ($FUTA).
📊 Impact Analysis
👥 Stakeholder Impact
Stakeholders, including memecoin holders and MetaDAO, may benefit from increased engagement and potential revenue through the futardio platform.
📈 Upside Potential
The initiative could drive attention and usage of futarchy, enhancing MetaDAO's visibility and credibility in the crypto ecosystem.
📉 Risk Factors
There is a risk that the association with memecoins could undermine the perceived seriousness of futarchy, potentially complicating future partnerships and recruitment.
Content
MetaDAO now has a platform for creating and participating in futarchies. The central problem is distributing it: getting people and organizations to use futarchy.
One of the ideal use-cases for futarchy is memecoin governance. This is because memecoin holders only want the price of the token to increase. There’s no question of “maybe the market knows what’s the best short-term action, but not the best long-term action.”
Coincidentally, there appears to be an opening in the market to launch “pump.fun with a token.” Such a platform may be able to bootstrap adoption by issuing points that convert into a token that receives the revenue generated by the platform.
For these reasons, I had the idea to create “futardio,” a memecoin launchpad with said bootstrapping mechanism where a portion of every launched memecoin gets allocated to a futarchy DAO.
We are not sure whether it makes sense for MetaDAO to release such a platform. There are potential advantages and potential pitfalls. So we are putting this decision up to the market. **If this proposal passes, MetaDAO will develop and release futardio. If it fails, it will not.**
## Details
The key ideas are expressed in https://futard.io.
The details of Futardio would be:
- A memecoin launchpad where some percentage of every new token’s supply gets allocated to its futarchy DAO
- When users increase key metrics (e.g., volume), they earn points
- After a period of time not exceeding 180 days, these points would convert into a new token (‘$FUTA’)
- FUTA would be distributed to solely two parties: points owners and MetaDAO
- All revenue from Futardio would be distributed to a vault that can be claimed by FUTA holders
- By the time the token is live, Futardio would be immutable and decentralized. The program would be immutable, open-source, and verifiable, with any parameters being governed by MetaDAO. The website would be deployed immutably on IPFS or Arweave. Futardio would be a gambling [hyperstructure](https://jacob.energy/hyperstructures.html).
- The goal would be to launch it in Q3.
- Nallok and Proph3t wouldn’t be the core team, but they would support a team and fund them with a \$100k grant paid over 6 months. If a team hasn’t started work by the end of Q3, the money would be returned and the project idea cancelled.
This would all be left to the discretion of the team building it, but they would be expected to follow the broad outline.
## Potential advantages
- Drive attention and usage to futarchy
- More exposure
- More usage helps MetaDAO improve the product
- Provides more proof points of futarchy
- If MetaDAO sells some of its tokens or stakes them to the vault, it could receive cash to fund future activities
- Create a forcing function to improve the security of the core futarchy platform
## Potential pitfalls
- Makes futarchy look less serious
- May make it harder to sell DeFi DAOs / non-crypto organizations
- May make it harder to recruit contributors
- Time & energy investment
- Would prevent MetaDAO from solely focusing on the core platform
Raw Data
- Proposal account:
GugKjNpirFNaaRkEStRKGJPnutptsnTA3XuCJ8nwaVtK - Proposal number: 10
- DAO account:
GWywkp2mY2vzAaLydR2MBXRCqk2vBTyvtVRioujxi5Ce - Proposer:
Bg4Wmk8QqctppeUGYubGfqBfvf5wUNeHj43kdJV1GeP8 - Autocrat version: 0.3
- Completed: 2024-09-01
- Ended: 2024-09-01