- 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>
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| type | domain | description | confidence | source | created |
|---|---|---|---|---|---|
| claim | internet-finance | FutureDAO's token migrator provides structured protocol for communities to reclaim abandoned or rugged projects through conditional presale mechanics with 60% success threshold | experimental | FutureDAO proposal BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6 via futard.io, 2024-06-05 | 2024-06-05 |
FutureDAO token migrator enables community takeovers through structured on-chain migration protocol
FutureDAO's token migrator addresses the problem of abandoned web3 projects by providing a structured on-chain protocol for communities to transition from one token to another. The tool targets communities affected by rug pulls, dead projects, or poor management, offering a mechanism to preserve community value and restore governance.
The migration process operates through conditional mechanics:
- Community sets migration parameters (date, duration, presale amount, treasury allocation)
- Presale launches with maximum dilution rates based on market cap (<$1M FDMC = 15% dilution, <$5M = 12%, <$20M = 10%)
- Migration succeeds if >60% of presale target is raised; otherwise all funds return to participants
- Successful migrations reclaim locked liquidity, establish new LP, and airdrop 50% to non-migrating holders
The protocol charges fees as inflation on the new token mint (2% for <$1M FDMC, 1.5% for <$5M, 1% for <$20M), with all fees directed to staked Champions NFT holders rather than FutureDAO treasury.
FutureDAO projects first-year revenue of $270,000 from 8 migrations, based on Solana's history of 27+ notable meme coin presales in the prior 12 months with high abandonment rates. The proposal passed on 2024-06-08 with $12,000 USDC budget ($6K development, $6K audits).
Evidence
- FutureDAO proposal BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6 passed 2024-06-08
- 60% presale threshold determines migration success/failure
- Fee structure: 2%/1.5%/1% based on FDMC tiers
- Projected 8 migrations generating $270K in year one
- 27+ Solana meme coin presales in prior 12 months per Coin Edition and Coinpedia (cited in proposal)
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