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>
42 lines
2.4 KiB
Markdown
42 lines
2.4 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "FutureDAO: Fund FutureDAO's Token Migrator"
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domain: internet-finance
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status: passed
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parent_entity: "[[futuredao]]"
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platform: futardio
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proposal_url: "https://www.futard.io/proposal/BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6"
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proposal_date: 2024-06-05
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resolution_date: 2024-06-08
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category: mechanism
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summary: "Approved $12K USDC budget to develop decentralized token migration tool for abandoned projects"
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tracked_by: rio
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created: 2026-03-11
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---
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# FutureDAO: Fund FutureDAO's Token Migrator
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## Summary
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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.
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## Market Data
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- **Outcome:** Passed
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- **Proposal Date:** 2024-06-05
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- **Resolution Date:** 2024-06-08
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- **Budget:** $12,000 USDC ($6K development, $6K audits)
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- **Proposal Account:** BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6
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## Significance
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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.
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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.
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## Relationship to KB
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- [[futuredao]] — core governance decision establishing primary product
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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]] — FutureDAO extends MetaDAO's unruggable ICO concept to post-launch rescue scenarios
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- [[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
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