1.4 KiB
1.4 KiB
| type | entity_type | name | domain | status | founded | website | tracked_by | created | key_metrics | supports | reweave_edges | ||||||||||||
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| entity | company | COAL | internet-finance | active | 2024-08 | rio | 2026-03-11 |
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COAL
Overview
COAL is a community-driven cryptocurrency project that launched in August 2024 with a fair launch model—no pre-mine and no team allocation. The project uses futarchy governance through Futardio and operates on a proof-of-work mining model with daily emissions. The zero-allocation launch model creates sustainability questions around funding protocol development.
Timeline
- 2024-08 — Fair launch with no pre-mine or team allocation
- 2024-12-05 — coal-establish-development-fund proposed: 4.2% emissions allocation for development fund
- 2024-12-08 — Development fund proposal failed, maintaining zero-allocation model
Relationship to KB
- Example of futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations — attempted to add issuance post-launch
- Uses futardio for governance decisions
- Tests whether fair-launch tokens can fund development without initial allocations