m3taversal
1073c231c8
Co-authored-by: m3taversal <m3taversal@gmail.com> Co-committed-by: m3taversal <m3taversal@gmail.com>
99 lines
4 KiB
Markdown
99 lines
4 KiB
Markdown
---
|
|
type: source
|
|
title: "Futardio: Let's get Futarded."
|
|
author: "futard.io"
|
|
url: "https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA"
|
|
date: 2025-10-15
|
|
domain: internet-finance
|
|
format: data
|
|
status: unprocessed
|
|
tags: [futardio, metadao, futarchy, solana, governance]
|
|
event_type: proposal
|
|
---
|
|
|
|
## Proposal Details
|
|
- Project: coal
|
|
- Proposal: Let's get Futarded.
|
|
- Status: Passed
|
|
- Created: 2025-10-15
|
|
- URL: https://www.futard.io/proposal/6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA
|
|
- Description: $coal is the only futarchy memecoin and, post-Ore transition, the only PoW coin on Solana. If you haven't seen us, check out https://minechain.gg/.
|
|
|
|
Let's get Futarded.
|
|
- Discussion: https://discord.com/channels/1003424756080590878/1428068344959078470
|
|
|
|
## Summary
|
|
|
|
### 🎯 Key Points
|
|
The proposal aims to onboard $META holders through a one-time airdrop of 420 $coal, increase the total supply of $coal to 25,000,000 to fund a development initiative, and establish a transparent Development Fund for ongoing community and protocol growth.
|
|
|
|
### 📊 Impact Analysis
|
|
#### 👥 Stakeholder Impact
|
|
Eligible $META holders will receive an airdrop, while the broader community benefits from a dedicated fund for development and marketing initiatives.
|
|
|
|
#### 📈 Upside Potential
|
|
The proposal could enhance liquidity and support sustainable growth of the $coal ecosystem through increased funding and community involvement.
|
|
|
|
#### 📉 Risk Factors
|
|
There is a risk of inflation in the $coal supply that could affect its value if not managed properly, alongside potential governance challenges in fund disbursement.
|
|
|
|
## Content
|
|
|
|
This proposal does 3 things:
|
|
1/ Onboard META holders: One-time airdrop of 420 $coal to every $META holder (snapshot taken on October 12, 2025).
|
|
2/ Expand Supply for Growth: One-time mint to enable the airdrop, seed a dev fund, and provide initial liquidity.
|
|
3/ Establish a Development Fund: Transparent treasury for ongoing development, community initiatives, and integrations.
|
|
|
|
Airdrop
|
|
|
|
Eligibility: All $META holders at snapshot (2,314 wallets) holding at least $100 worth of $META (notional value).
|
|
Amount: 420 $coal per eligible wallet.
|
|
Distribution: Direct airdrop to wallets holding $META at snapshot.
|
|
|
|
Supply Update
|
|
|
|
Total supply: 21,000,000 → 25,000,000 $coal (one-time increase of 4,000,000). Breakdown of new $coal:
|
|
- 971,880 → Airdrop (420 * 2,314 holders)
|
|
- 3,028,120 → Development Fund
|
|
Mining emissions: Unchanged by this proposal.
|
|
|
|
Development Fund
|
|
|
|
Purpose:
|
|
- Support protocol development and futarchy experiments
|
|
- Reward community contributions, tooling, and integrations
|
|
- Fund marketing, onboarding, and liquidity seeding
|
|
- Maintain sustainable runway for growth
|
|
|
|
Guardrails:
|
|
- Manager: DAO treasury
|
|
- Disbursements: up to 30,000 $coal per month, to Grant (lead dev)
|
|
- Transparency: Public ledger of inflows/outflows, monthly forum report, verified addresses
|
|
- Large grants: Any single use of DAO treasury funds, dispersed or not, over 69,000 $coal requires a separate decision market
|
|
|
|
Liquidity Kickstart
|
|
-An OTC buyer is lined up to purchase a portion of the Dev Fund; proceeds will seed the futarchy AMM and bootstrap $coal liquidity.
|
|
|
|
**Moving into v.06 DAO governance**
|
|
|
|
$coal is a real boy now! We will be migrating to a v.06 DAO. This means we will have a DAO treasury, a futarchy AMM, and all the tools to bring minechain to the masses, sustainably. The following parameters will be set for new proposals:
|
|
- TWAP delay: 1 day
|
|
- Minimum liquidity: 1500 USDC, 2000 coal
|
|
- Pass threshold: 100 bps
|
|
- Coal staked: 10,000
|
|
- Proposal length: 3 days
|
|
|
|
Voting
|
|
|
|
- YES: Approve snapshot airdrop (420 $coal per $META holder), raise max supply to 25,000,000, and establish the Development Fund with the framework above.
|
|
- NO: Keep current supply; no airdrop, no fund, no liquidity seeding.
|
|
|
|
## Raw Data
|
|
|
|
- Proposal account: `6c1dnggYNpEZvz4fedJ19LAo8Pz2mTTvT6LxySYhpLbA`
|
|
- Proposal number: 3
|
|
- DAO account: `3LGGRzLrgwhEbEsNYBSTZc5MLve1bw3nDaHzzfJMQ1PG`
|
|
- Proposer: `HAymbnVo1w5sC7hz8E6sdmzSuDpqUwKXWzBeshEAb7WC`
|
|
- Autocrat version: 0.3
|
|
- Completed: 2025-10-18
|
|
- Ended: 2025-10-18
|