m3taversal
1073c231c8
Co-authored-by: m3taversal <m3taversal@gmail.com> Co-committed-by: m3taversal <m3taversal@gmail.com>
77 lines
3.7 KiB
Markdown
77 lines
3.7 KiB
Markdown
---
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type: source
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title: "Futardio: Create Spot Market for META?"
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author: "futard.io"
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url: "https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b"
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date: 2024-01-12
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domain: internet-finance
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format: data
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status: unprocessed
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tags: [futardio, metadao, futarchy, solana, governance]
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event_type: proposal
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---
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## Proposal Details
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- Project: MetaDAO
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- Proposal: Create Spot Market for META?
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- Status: Passed
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- Created: 2024-01-12
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- URL: https://www.futard.io/proposal/9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b
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- Description: initiate the creation of a spot market for $META tokens, allowing broader public access to the token and establishing liquidity.
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## Summary
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### 🎯 Key Points
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The proposal aims to create a spot market for \$META tokens, establish liquidity through a token sale at a price based on the TWAP of the last passing proposal, and allocate raised funds to support ongoing Meta-DAO initiatives.
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### 📊 Impact Analysis
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#### 👥 Stakeholder Impact
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Stakeholders, including token holders and participants in the market, will gain broader access to \$META tokens and improved liquidity.
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#### 📈 Upside Potential
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Successfully launching the spot market could enhance the visibility and trading volume of \$META tokens, benefiting the overall Meta-DAO ecosystem.
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#### 📉 Risk Factors
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If the proposal fails, the Meta-DAO will be unable to raise funds until March 12, 2024, potentially hindering its operational capabilities.
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## Content
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### **Overview**
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The purpose of this proposal is to initiate the creation of a spot market for \$META tokens, allowing broader public access to the token and establishing liquidity. The proposed market will be funded through the sale of \$META tokens, and the pricing structure will be determined based on the Time-Weighted Average Price (TWAP) of the proposal that passes. The funds raised will be utilized to support the Meta-DAO's ongoing initiatives and operations.
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### **Key Components**
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#### **Token Sale Structure:**
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- The initial token sale will involve the Meta-DAO selling \$META tokens to the public. Anyone can participate.
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- The sale price per \$META token will be set at the TWAP of the last passing proposal.
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- In case of this proposal failing, the sale will not proceed and Meta-DAO can't raise from public markets till 12 March 2024.
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#### **Liquidity Pool Creation:**
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- A liquidity pool (LP) will be established to support the spot market.
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- Funding for the LP will come from the token sale, with approximately $35,000 allocated for this purpose.
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#### **Token Sale Details:**
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- Hard cap: 75,000usd
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- Sale Price: TWAP of this passing proposal
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- Sale Quantity: Hard cap / Sale Price
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- Spot Market Opening Price: To be determined, potentially higher than the initial public sale price.
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#### **Liquidity Pool Allocation:**
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- LP Token Pairing: \$META tokens from treasury paired with approximately \$35,000usd.
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- Any additional funds raised beyond the LP allocation will be reserved for operational funding in \$SOL tokens.
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### **Next Steps**
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1. If approved, initiate the token sale using the most convenient methodology to maximize the event. Proceed with the creation of the SMETA spot market.
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2. In case of failure, Meta-DAO will be unable to raise funds until March 12, 2024.
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### **Conclusion**
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This proposal aims to enhance the Meta-DAO ecosystem experience by introducing a spot market for \$META tokens.
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The proposal invites futards to actively participate in shaping the future of the \$META token.
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## Raw Data
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- Proposal account: `9ABv3Phb44BNF4VFteSi9qcWEyABdnRqkorNuNtzdh2b`
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- Proposal number: 3
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- DAO account: `7J5yieabpMoiN3LrdfJnRjQiXHgi7f47UuMnyMyR78yy`
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- Proposer: `HfFi634cyurmVVDr9frwu4MjGLJzz9XbAJz981HdVaNz`
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- Autocrat version: 0.1
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- Completed: 2024-01-18
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- Ended: 2024-01-18
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