57 lines
3 KiB
Markdown
57 lines
3 KiB
Markdown
---
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type: entity
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entity_type: company
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name: "Solomon"
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domain: internet-finance
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handles: ["@oxranga"]
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status: active
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tracked_by: rio
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created: 2026-03-11
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last_updated: 2026-03-11
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founded: 2025-11-14
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founders: ["Ranga (@oxranga)"]
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category: "Futardio-launched ownership coin with active futarchy governance (Solana)"
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stage: early
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key_metrics:
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raise: "$8M raised ($103M committed — 13x oversubscription)"
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governance: "Active futarchy governance + treasury subcommittee (DP-00001)"
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competitors: []
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built_on: ["Solana", "MetaDAO Autocrat"]
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tags: ["ownership-coins", "futarchy", "treasury-management", "metadao-ecosystem"]
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---
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# Solomon
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## Overview
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One of the first successful Futardio launches. Raised $8M through the pro-rata mechanism ($103M committed = 13x oversubscription). Notable for implementing structured treasury management through futarchy — the treasury subcommittee proposal (DP-00001) established operational governance scaffolding on top of futarchy's market-based decision mechanism.
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## Current State
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- **Governance**: Active futarchy governance through MetaDAO Autocrat. Treasury subcommittee proposal (DP-00001) created operational structure for treasury management.
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- **Treasury**: Actively managed through buybacks and strategic allocations
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- **Significance**: Test case for whether futarchy-governed organizations converge on traditional corporate governance scaffolding for operations
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## Timeline
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- **2025-11-14** — Solomon launches via Futardio ($103M committed, $8M raised)
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- **2026-02/03** — Lab Notes series (Ranga documenting progress publicly)
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- **2026-03** — Treasury subcommittee proposal (DP-00001) — formalized operational governance
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## Competitive Position
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Solomon is not primarily a competitive entity — it's an existence proof. It demonstrates that futarchy-governed organizations can raise capital, manage treasuries, and create operational governance structures. The key question is whether the futarchy layer adds genuine value beyond what a normal startup with transparent treasury management would achieve.
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## Investment Thesis
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Solomon validates the ownership coin model: futarchy governance + permissionless capital formation + active treasury management. If Solomon outperforms comparable projects without futarchy governance, it strengthens the case for market-based governance as an organizational primitive.
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**Thesis status:** WATCHING
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## Relationship to KB
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- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — Solomon's DP-00001 is evidence for this
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- [[ownership coins primary value proposition is investor protection not governance quality because anti-rug enforcement through market-governed liquidation creates credible exit guarantees that no amount of decision optimization can match]] — Solomon tests this
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---
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Relevant Entities:
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- [[metadao]] — parent platform
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- [[futardio]] — launch mechanism
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Topics:
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- [[internet finance and decision markets]]
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