teleo-codex/domains/internet-finance/metadao-3000-meta-funding-request-values-meta-between-1-and-100-dollars-per-token.md

type	domain	description	confidence	source	created
claim	internet-finance	MetaDAO's LST Vote Market proposal reveals internal META valuation range of $1-100 per token through dilution cost analysis	experimental	futard.io MetaDAO LST Vote Market proposal, 2023-11-18	2025-01-14

MetaDAO 3000 META funding request values META between $1 and $100 per token

The MetaDAO LST Vote Market proposal requests 3,000 META tokens and explicitly states that "each META has a book value of $1 and is probably worth somewhere between $1 and $100." This valuation range appears in the financial projections section when calculating net value creation.

The proposal uses this range to bound dilution costs: at $1/META, the 3,000 token request costs $3,000; at $100/META, it costs $300,000. The expected value calculation shows $730k value creation minus $700k dilution cost, suggesting the proposers assume META trades closer to the upper bound for the proposal to be net-positive.

Payment Structure

• Total request: 3,000 META + retroactive performance incentives
• Upfront payment: 1,000 META (upon proposal passage)
• Completion payment: 2,000 META (upon delivery)
• Recipients: Proph3t (smart contracts), marie (UI/UX), nicovrg (Marinade BD)

Valuation Context

The proposal acknowledges that "the Meta-DAO is still figuring out how to properly incentivize performance" and relies on game-theoretic arguments that under-paying builders would "dissuade future builders from contributing."

The wide valuation range ($1-100, a 100x spread) reflects META's early stage and lack of liquid market pricing. The proposal treats this uncertainty explicitly rather than asserting a point estimate. This is a self-reported valuation from a proposal seeking funding, not an independent market assessment.

Evidence

• Direct quote: "each META has a book value of $1 and is probably worth somewhere between $1 and $100"
• Dilution cost calculation: "$730k - $700k of value created"
• 3,000 META request split: 1,000 upfront, 2,000 on completion
• Explicit acknowledgment of performance incentive uncertainty
• Source: proposal author's financial projections section

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Relevant Notes:

• 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
• token economics replacing management fees and carried interest creates natural meritocracy in token distribution

Topics:

• domains/internet-finance/_map