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Pipeline auto-fixer: removed [[ ]] brackets from links that don't resolve to existing claims in the knowledge base.
29 lines
3 KiB
Markdown
29 lines
3 KiB
Markdown
---
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type: claim
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domain: internet-finance
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description: "FutureDAO's token migrator combines on-chain token swaps with presale fundraising and a 60% success threshold to create structured community takeover mechanism for abandoned projects"
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confidence: experimental
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source: "FutureDAO proposal on futard.io, 2024-06-05"
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created: 2024-06-05
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---
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# FutureDAO token migrator enables community takeovers through structured on-chain migration with presale fundraising and conditional success thresholds
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FutureDAO's token migration tool creates a structured protocol for communities to take over abandoned or poorly managed projects by combining three mechanisms: (1) token swap from old to new token with lockup until completion, (2) simultaneous presale fundraising to capitalize the new project, and (3) a 60% presale threshold that determines success or full refund. The tool addresses multiple takeover scenarios including rug pulls, dead projects, metadata changes, fundraising needs, token standard upgrades, and hostile takeovers.
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The migration process works as follows: communities set launch parameters including migration date/duration, presale raise amount and price in SOL, and treasury allocation. Maximum dilution rates are tiered by market cap: <$1M FDMC allows 15% dilution (7.5% presale, 5.5% treasury, 2% DAO fee), <$5M allows 12%, <$20M allows 10%. During migration, old tokens are locked and swapped for new tokens while the presale runs concurrently. If the presale reaches 60% of target, the migration succeeds: old token LP is reclaimed, new token LP is created with raised SOL, tokens become claimable, and non-migrators receive 50% airdrop. If presale fails to reach 60%, all SOL is refunded, new tokens must be swapped back to old tokens, and new tokens are burned.
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This mechanism differs from informal community takeovers by providing on-chain enforcement of the success condition and automatic refund protection. The 60% threshold creates a coordination point where communities can credibly commit to migration only if sufficient capital and participation materialize. The tool was born from FutureDAO's own experience taking over $MERTD after the project team rugged.
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## Evidence
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- FutureDAO proposal describes migration tool addressing "communities that have been abandoned by their developers, facing challenges such as poor project management, or with the desire to launch a new token"
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- Migration process locks old tokens until completion, with automatic refund if <60% presale target reached
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- Tiered dilution caps based on market cap: 2% fee for <$1M FDMC, 1.5% for <$5M, 1% for <$20M
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- Tool designed for multiple scenarios: "Rugged Projects", "Dead Projects", "Metadata Changes", "Fundraising", "Token Extensions", "Hostile Takeovers"
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- Non-migrators receive 50% airdrop if migration succeeds, creating incentive to participate
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- "Future Champions" identify and assist potential clients, incentivized through commissions in newly minted tokens
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---
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Topics:
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- domains/internet-finance/_map
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