dbd0198eaf
- Source: inbox/archive/2024-06-05-futardio-proposal-fund-futuredaos-token-migrator.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 4) Pentagon-Agent: Rio <HEADLESS>
2.4 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | FutureDAO: Fund FutureDAO's Token Migrator | internet-finance | passed | futuredao | futardio | https://www.futard.io/proposal/BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6 | 2024-06-05 | 2024-06-08 | mechanism | Approved $12K USDC budget to develop decentralized token migration tool for abandoned projects | rio | 2026-03-11 |
FutureDAO: Fund FutureDAO's Token Migrator
Summary
Approved the development and launch of FutureDAO's Token Migrator, a decentralized on-chain tool facilitating seamless transitions from one token to another. The tool targets communities abandoned by developers, rugged projects, and poorly managed tokens, using a 60% presale threshold to determine migration success. Budget allocated $6K for tool development and $6K for smart contract security audits.
Market Data
- Outcome: Passed
- Proposal Date: 2024-06-05
- Resolution Date: 2024-06-08
- Budget: $12,000 USDC ($6K development, $6K audits)
- Proposal Account: BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6
Significance
This proposal established FutureDAO's core product and revenue model. The token migrator creates a new category of futarchy-adjacent governance: community-led rescue missions for abandoned projects. The 60% presale threshold functions as a market-based viability test, with automatic unwinding if the threshold is not met. All migration fees flow to Champions NFT holders via SPL-404 staking, creating a revenue distribution model that separates DAO treasury from NFT holder rewards.
The tool was born from FutureDAO's own experience taking over $MERTD after a rug pull, making this a case of a community building infrastructure to solve the problem they personally faced.
Relationship to KB
- futuredao — core governance decision establishing primary product
- 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 — FutureDAO extends MetaDAO's unruggable ICO concept to post-launch rescue scenarios
- SPL-404-enables-fungible-NFT-swap-revenue-for-DAOs-by-bridging-governance-tokens-and-NFT-liquidity-on-Solana — Revenue distribution mechanism for Champions NFT holders