teleo-codex/entities/internet-finance/coal.md

type	entity_type	name	domain	status	founded	website	tracked_by	created	key_metrics	supports	reweave_edges
entity	company	COAL	internet-finance	active	2024-08		rio	2026-03-11	launch_type premine team_allocation base_emission_rate governance_platform fair launch none none 11,250 COAL/day futardio	{'coal': "Let's get Futarded"} coal: Let's get Futarded	{'coal': "Let's get Futarded|supports|2026-04-18"} coal: Let's get Futarded|supports|2026-04-19

COAL

Overview

COAL is a community-driven cryptocurrency project that launched in August 2024 with a fair launch model—no pre-mine and no team allocation. The project uses futarchy governance through Futardio and operates on a proof-of-work mining model with daily emissions. The zero-allocation launch model creates sustainability questions around funding protocol development.

Timeline

• 2024-08 — Fair launch with no pre-mine or team allocation
• 2024-12-05 — coal-establish-development-fund proposed: 4.2% emissions allocation for development fund
• 2024-12-08 — Development fund proposal failed, maintaining zero-allocation model

Relationship to KB

• Example of futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations — attempted to add issuance post-launch
• Uses futardio for governance decisions
• Tests whether fair-launch tokens can fund development without initial allocations