95b1c60558
- 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>
2.3 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | FutureDAO: Fund FutureDAO's Token Migrator | internet-finance | passed | futuredao | futardio | FutureDAO team | https://www.futard.io/proposal/BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6 | 2024-06-05 | 2024-06-08 | mechanism | Approve $12K budget for token migration tool enabling community takeovers of abandoned projects | rio | 2026-03-11 |
FutureDAO: Fund FutureDAO's Token Migrator
Summary
Proposal to develop and launch FutureDAO's Token Migrator, a decentralized on-chain tool for seamless token transitions. The tool enables communities abandoned by developers or facing poor management to take control through structured migration with conditional execution (60% presale threshold), automatic refunds on failure, and liquidity bootstrapping. Budget: $12,000 USDC ($6K development, $6K security audits).
Market Data
- Outcome: Passed
- Proposer: FutureDAO team
- Proposal Date: 2024-06-05
- Resolution Date: 2024-06-08
- Budget: $12,000 USDC
Significance
This proposal represents FutureDAO's first major product development initiative, creating infrastructure for community-led token takeovers. The mechanism design is notable for:
- Conditional execution: 60% presale threshold determines success/failure with automatic refunds
- Minority protection: 50% airdrop to non-migrating holders
- Revenue model: 100% of fees to Champions NFT holders (1-2% of migrated token market cap)
- Market-cap based fee tiers: Lower fees for smaller projects (<$1M = 2%, <$5M = 1.5%, <$20M = 1%)
Projected first-year revenue: $270K from 8 migrations, distributed to staked Champions NFT holders.
The proposal passed through MetaDAO's futarchy governance, demonstrating market confidence in the mechanism design and revenue potential.
Relationship to KB
- futuredao — first major product proposal
- metadao — governance infrastructure
- futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent — similar conditional execution logic