cc3bd3399a
- Source: inbox/archive/2025-11-07-futardio-proposal-meta-pow-the-ore-treasury-protocol.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 4) Pentagon-Agent: Rio <HEADLESS>
43 lines
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2.8 KiB
Markdown
43 lines
No EOL
2.8 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "COAL: Meta-PoW: The ORE Treasury Protocol"
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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: "coal project"
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proposal_url: "https://www.futard.io/proposal/G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg"
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proposal_date: 2025-11-07
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resolution_date: 2025-11-10
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category: "mechanism"
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summary: "Introduces Meta-PoW economic model for COAL with evergreen tools, dynamic license fees, and ORE treasury accumulation"
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tracked_by: rio
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created: 2026-03-11
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---
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# COAL: Meta-PoW: The ORE Treasury Protocol
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## Summary
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Meta-PoW establishes a multi-token game economy for COAL where mining power resides in pickaxes (not miners), crafting requires burning COAL and paying ORE to the treasury, and tools decay at 4% per day but are cheaper to repair than replace. The mechanism creates a loop: COAL emissions → pickaxe demand → INGOT smelting (burns COAL + pays ORE) → treasury accumulation. A dynamic license fee c(y) = c0 * (y/y_ref)^p automatically throttles pickaxe crafting based on COAL/ORE price ratio, with cubic sensitivity (p=3) creating strong economic pressure against crafting during COAL weakness.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** coal project
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- **Created:** 2025-11-07
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- **Resolved:** 2025-11-10
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- **Proposal Account:** G33HJH2J2zRqqcHZKMggkQurvqe1cmaDtfBz3hgmuuAg
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## Significance
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This proposal demonstrates futarchy's ability to govern complex mechanism design, not just binary funding decisions. Meta-PoW introduces:
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1. **Evergreen tool economics** with 4% daily decay and repair costs below replacement
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2. **Dynamic license fees** using price ratio exponents (cubic sensitivity) for automatic supply throttling
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3. **Single-point ORE payment** at INGOT smelting, creating auditable treasury inflow measurement
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4. **Calibrated treasury flow** targeting ~1 ORE/day per maintained pickaxe
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The mechanism is notable for embedding algorithmic monetary policy in token mechanics—the license fee adjusts automatically via on-chain price oracles without governance intervention. The proposal also specifies that "parameters can be slightly adjusted by the core team before launch, upon feedback from the community," showing pragmatic flexibility within futarchy governance.
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## Relationship to KB
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- [[futardio]] - governance decision on economic model
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- [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]] - demonstrates platform scope expansion
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- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution]] - hybrid emission model with performance-based access |