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>
2.2 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | 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 | FutureDAO | https://www.futard.io/proposal/BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6 | 2024-06-05 | 2024-06-08 | mechanism | Approve development of token migration tool for community takeovers of abandoned projects | rio | 2026-03-11 |
FutureDAO: Fund FutureDAO's Token Migrator
Summary
Proposal to develop and launch FutureDAO's Token Migrator, enabling communities to execute structured on-chain migrations from abandoned or poorly managed tokens to new tokens. The tool uses conditional presale mechanics (60% threshold) to ensure migrations only proceed with demonstrated community commitment, with all protocol fees flowing to staked Champions NFT holders.
Market Data
- Outcome: Passed
- Proposer: FutureDAO
- Budget: $12,000 USDC ($6K development, $6K audits)
- Proposal Account: BMZbX7z2zgLuq266yskeHF5BFZoaX9j3tvsZfVQ7RUY6
- Resolution: 2024-06-08
Significance
This proposal represents FutureDAO's core product launch, establishing the protocol's value proposition for community-driven project recovery. The fee structure (2%/1.5%/1% based on market cap) and 60% presale threshold create novel coordination mechanics for token migrations. The decision to direct all fees to Champions NFT holders rather than DAO treasury establishes a distributed business development model.
Projected first-year revenue of $270K from 8 migrations demonstrates market sizing based on Solana's history of 27+ meme coin presales with high abandonment rates.
Relationship to KB
- futuredao — core product launch
- 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 — built on MetaDAO infrastructure
- futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent — similar conditional mechanics