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- Source: inbox/archive/2024-06-14-futardio-proposal-fund-the-rug-bounty-program.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
47 lines
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2.2 KiB
Markdown
47 lines
No EOL
2.2 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "FutureDAO: Fund the Rug Bounty Program"
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domain: internet-finance
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status: passed
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parent_entity: "[[futardio]]"
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platform: "futardio"
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proposer: "HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz"
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proposal_url: "https://www.futard.io/proposal/4ztwWkz9TD5Ni9Ze6XEEj6qrPBhzdTQMfpXzZ6A8bGzt"
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proposal_date: 2024-06-14
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resolution_date: 2024-06-19
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category: "grants"
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summary: "Proposal to fund development of RugBounty.xyz platform with $5,000 USDC budget to help communities recover from rug pulls through bounty-incentivized token migrations"
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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 the Rug Bounty Program
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## Summary
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Proposal to allocate $5,000 USDC to develop RugBounty.xyz, a platform that incentivizes community members to onboard rugged project communities to FutureDAO's Token Migration tool. The program creates bounties for successful migrations (defined as raising over 60% of presale target in SOL), positioning FutureDAO as "Solana's Emergency Response Team (S.E.R.T.)".
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz
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- **Proposal Number:** 2
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- **Created:** 2024-06-14
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- **Completed:** 2024-06-19
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- **Ended:** 2024-06-17
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## Budget Breakdown
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- Platform Development: $3,000 USDC
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- Website: $1,000 USDC
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- QA: $1,000 USDC
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- Operational Costs (API & Hosting): $1,000+
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- Future bounty allocations: TBD based on project scope
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## Significance
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This proposal represents FutureDAO's strategic positioning as infrastructure for community recovery from rug pulls. The bounty mechanism creates a permissionless network of "pirates" who earn rewards for successfully migrating rugged communities to new tokens, demonstrating a novel application of futarchy-governed capital allocation to crypto ecosystem resilience.
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The proposal passed through futarchy governance, indicating market belief that the rug bounty program would increase FUTURE token value through enhanced adoption of the Token Migration tool and ecosystem positioning.
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## Relationship to KB
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- [[futardio]] - governance decision for product development
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- [[MetaDAO]] - underlying futarchy infrastructure
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- [[domains/internet-finance/_map]] |