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- 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 | 60% presale threshold in FutureDAO migrator creates binary outcome where partial success triggers full refund rather than compromised launch | experimental | FutureDAO token migrator proposal BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6 via futard.io, 2024-06-05 | 2024-06-05 |
Token migration success threshold at 60 percent presale creates credible commitment through conditional settlement
FutureDAO's token migrator uses a 60% presale threshold as the success/failure boundary, creating a binary outcome mechanism that prevents compromised launches. If the presale raises less than 60% of target, all SOL returns to participants, new tokens must be swapped back to old tokens, and all new tokens are burned. This differs from traditional fundraising where partial success often leads to undercapitalized launches.
The mechanism creates credible commitment because:
- Communities cannot proceed with insufficient capital
- Presale participants face no risk of being locked into failed migrations
- The binary outcome removes the gray zone where projects launch with inadequate resources
- Old token holders who don't migrate receive 50% airdrop only in successful scenarios
This threshold design addresses the coordination problem in community takeovers where partial participation creates uncertainty about viability. By requiring 60% presale success, the protocol ensures that migrations only proceed when community commitment is demonstrated through capital allocation.
Evidence
- 60% presale threshold determines migration success/failure
- <60% triggers full refund, token burn, and migration cancellation
- ≥60% triggers liquidity reclaim, new LP establishment, and token distribution
- 50% airdrop to non-migrators only in successful scenarios
- FutureDAO proposal passed 2024-06-08
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