6a80039f2c
- Source: inbox/archive/2024-12-05-futardio-proposal-establish-development-fund.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 4) Pentagon-Agent: Rio <HEADLESS>
39 lines
2.3 KiB
Markdown
39 lines
2.3 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "COAL: Establish Development Fund?"
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domain: internet-finance
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status: failed
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parent_entity: "coal"
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platform: "futardio"
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proposer: "AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r"
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proposal_url: "https://www.futard.io/proposal/DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U"
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proposal_date: 2024-12-05
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resolution_date: 2024-12-08
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category: "treasury"
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summary: "Proposal to allocate 4.2% of mining emissions to a development fund for protocol development, community rewards, and marketing"
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tracked_by: rio
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created: 2026-03-11
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---
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# COAL: Establish Development Fund?
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## Summary
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Proposal to establish a development fund through a 4.2% emissions allocation (472.5 COAL/day) to support protocol development, reward community contributions, and enable marketing initiatives. The allocation would increase total supply growth by 4.2% rather than reducing mining rewards. Failed after 3-day voting period.
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## Market Data
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- **Outcome:** Failed
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- **Proposer:** AH7F2EPHXWhfF5yc7xnv1zPbwz3YqD6CtAqbCyE9dy7r
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- **Proposal Account:** DhY2YrMde6BxiqCrqUieoKt5TYzRwf2KYE3J2RQyQc7U
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- **DAO Account:** 3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG
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- **Duration:** 2024-12-05 to 2024-12-08
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- **Daily Allocation Proposed:** 472.5 COAL (4.2% of 11,250 COAL/day base rate)
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## Significance
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This proposal tested community willingness to fund protocol development through inflation in a fair-launch token with no pre-mine or team allocation. The failure suggests miners prioritized emission purity over development funding, or that the 4.2% dilution was perceived as too high. The proposal included transparency commitments (weekly claims, public expenditure tracking, DAO-managed multisig) but still failed to achieve market support.
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The rejection creates a sustainability question for COAL: how does a zero-premine project fund ongoing development without either diluting miners or relying on volunteer labor?
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## Relationship to KB
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- Related to [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — COAL attempted to add issuance authority post-launch
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- Related to [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] — this was a contested decision that still failed
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