f67da7dbe3
- 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>
34 lines
2.1 KiB
Markdown
34 lines
2.1 KiB
Markdown
---
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type: claim
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domain: internet-finance
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description: "FutureDAO's token migrator provides structured protocol for communities to reclaim abandoned or rugged projects through conditional presale mechanics with 60% success threshold"
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confidence: experimental
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source: "FutureDAO proposal BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6 via futard.io, 2024-06-05"
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created: 2024-06-05
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---
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# FutureDAO token migrator enables community takeovers through structured on-chain migration protocol
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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.
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The migration process operates through conditional mechanics:
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1. Community sets migration parameters (date, duration, presale amount, treasury allocation)
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2. Presale launches with maximum dilution rates based on market cap (<$1M FDMC = 15% dilution, <$5M = 12%, <$20M = 10%)
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3. Migration succeeds if >60% of presale target is raised; otherwise all funds return to participants
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4. Successful migrations reclaim locked liquidity, establish new LP, and airdrop 50% to non-migrating holders
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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.
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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).
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## Evidence
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- FutureDAO proposal BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6 passed 2024-06-08
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- 60% presale threshold determines migration success/failure
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- Fee structure: 2%/1.5%/1% based on FDMC tiers
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- Projected 8 migrations generating $270K in year one
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- 27+ Solana meme coin presales in prior 12 months per Coin Edition and Coinpedia (cited in proposal)
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---
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Topics:
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- [[domains/internet-finance/_map]]
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