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>
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2.3 KiB
Markdown
50 lines
No EOL
2.3 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: "FutureDAO team"
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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: "mechanism"
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summary: "Approve $12K budget for token migration tool enabling community takeovers of abandoned projects"
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tracked_by: rio
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created: 2026-03-11
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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 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).
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** FutureDAO team
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- **Proposal Date:** 2024-06-05
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- **Resolution Date:** 2024-06-08
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- **Budget:** $12,000 USDC
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## Significance
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This proposal represents FutureDAO's first major product development initiative, creating infrastructure for community-led token takeovers. The mechanism design is notable for:
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1. **Conditional execution:** 60% presale threshold determines success/failure with automatic refunds
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2. **Minority protection:** 50% airdrop to non-migrating holders
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3. **Revenue model:** 100% of fees to Champions NFT holders (1-2% of migrated token market cap)
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4. **Market-cap based fee tiers:** Lower fees for smaller projects (<$1M = 2%, <$5M = 1.5%, <$20M = 1%)
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Projected first-year revenue: $270K from 8 migrations, distributed to staked Champions NFT holders.
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The proposal passed through MetaDAO's futarchy governance, demonstrating market confidence in the mechanism design and revenue potential.
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## Relationship to KB
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- [[futuredao]] — first major product proposal
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- [[metadao]] — governance infrastructure
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- [[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 |