DAO Reddit Mentions | ChartExchange

I think ownership coins are one of the more interesting things happening in crypto right now.
The reason is they solve (a) the BS & lemon problem and (b) misalignment in crypto.
What was typical in the past was that teams could raise funds, control the project treasury and either rug or slow rug while hiding behind symbolic “community governance”.
If the project did end up being valuable, revenue and or proceeds from an acquisition would get directed away from token holders to founders and or equity holders.
[Ownership coins are fixing this](https://01resolved.com/research/crypto-needs-an-ownership-overhaul/), and the category is starting to pick up steam. [MetaDAO](https://x.com/MetaDAOProject) is one of the first and best attempts to solve these problems.
# What's an Ownership Coin and MetaDAO?
An ownership coin is a token where the important parts of the organization are put under token holder control. Depending on the platform, that can mean control over treasury, future cashflows, mint authority, liquidity, IP, governance decisions, liquidation rights, or project exit rights.
For projects that launch tokens through MetaDAO, their token holders oversee the above aspects of the project through something called *decision markets* (aka Futarchy).
Simply put, a decision market allows token holders to decide whether a specific proposal makes the project token more valuable if it passes or fails. A decision market that prices pass higher than fail means the proposal passing would be value accretive for the token.
That matters because a team can still build and run the day-to-day business, but anything important, like spending beyond the approved allowance, minting new tokens, approving a buyback, changing incentives, raising follow-on capital, or liquidating the treasury, can be priced by the market.
For a more comprehensive understanding of how decision markets work I'd suggest reading [Anatomy of a Decision Market](https://01resolved.com/research/deconstructing-twap-the-anatomy-of-a-decision-market/) or [How to Read a Decision Market](https://01resolved.com/research/part-1-how-to-read-a-futarchy-based-decision-market/).
# MetaDAO Token Launches
MetaDAO has two launch tracks:
1. Curated - where the [MetaDAO](https://metadao.fi/) team does enhanced due diligence on the projects
2. Permissionless - via a sub-brand called [Futardio](https://www.futard.io/), where any project can launch a token, at any time.
A few category metrics from [01Resolved](https://www.01resolved.com/), an ownership coin indexing / financials & decision market analytics platform:
* Total Launches: 12
* Total Market Cap of Launched Projects: \~$100m
* Cumulative Treasury Value of Launched Projects: \~$32m
# Recent Launch Activity
[Jurassic Finance](https://x.com/JurassicFi) just launched a fundraising campaign on Futardio. At the time of writing, it blew past its [$200k raise goal with \~$10M currently committed](https://www.futard.io/launch/F5A6BchpqGbbBABtgRycJZGkqy2i5AgVJP1VKW5AGotG).
Jurassic is tokenizing dinosaur fossils on Solana. It's novel, but it is not the main point. The main point is the structure of the launch.
Jurassic did not need to be selected by any centralized committee to launch, they just had to define the characteristics of the project within the limits of the ownership coin structure previously mentioned.
The fossils will actually be owned by the DAO and the team has a defined monthly allowance of $8,000. Anything beyond that requires a proposal and decision market approval.
That is why Jurassic matters. Not because everyone suddenly needs fossil exposure. It matters because a real business can raise from anyone in the world without asking investors to blindly trust the team forever.
# Market Oversight Example
Ranger Finance launched as an ownership coin and later faced serious allegations around misrepresented revenue and trading volume before its ICO. Token holders lost trust. In a normal crypto project, that probably turns into months of angry posts, vague team responses, and a treasury that slowly gets rugged.
Instead, tokenholders used the protections built into MetaDAO and passed the [Liquidate Ranger Finance proposal](https://www.01resolved.com/ranger/proposals/DPATwR2HLcGZCBZCTffzagV4r7dp5FF2C9aJmiuCDUpS). According to [01Resolved’s](https://x.com/01Resolved) analytics, the market passed by 6.46% with about \~$700k in volume across 246 trades, resulting in a programmatic liquidation of the treasury to token holders.
The same structure that lets a project raise capital can also let tokenholders shut it down if the team can no longer be trusted.
# Aligned Incentives
The category is also about making incentives more transparent. [Avici](https://x.com/AviciMoney) is a good example. The team launched with zero team token allocation. Later, they proposed a performance package where up to 8.24M AVICI could unlock only if major price milestones were hit, starting at $5.41 and going up to $151.75 using 60-day TWAPs. The tokens are locked until Jan. 3, 2029, and if the milestones are never hit, the tokens are never minted.
The market’s reaction was overwhelmingly positive, resulting in [Avici’s proposal passing by \~44%](https://www.01resolved.com/avici/proposals/6UimhcMfgLM3fH3rxqXgLxs6cJwmfGLCLQEZG9jjA3Ry).
That is a lot cleaner than giving the team a large allocation at launch and letting them dump later even if the project goes nowhere.
# Why Im bullish
Crypto already has global distribution. It already proved people will fund early ideas from anywhere in the world. What it lacked was structure. MetaDAO and its subbrand Futardio are strong examples of ownership coin platforms that are re-defining legal structuring. However, they will not be alone as other new entrants are coming to market.
[Umia](https://x.com/umia_finance) is bringing an AI-focused ownership model to Base and Ethereum. [Star](https://x.com/stardotfun) is experimenting with market-based curation and live pitch fundraising. [Spark](https://x.com/JustSparkIdeas) funds ideas before teams exist, then uses decision markets to select builders. [Crafts](https://x.com/craftsdev) is working on SAFE-linked token structures.
Some platforms give tokenholders direct control over treasury and IP. Some are more equity-linked. Some are more experimental, but the overall direction matters.
As you can see, the ownership ecosystem is growing rapidly. Launchpads are competing for high quality founders. And liquid funds are taking notice and participating in [follow-on funding rounds](https://x.com/omnipair/status/2053167290267414830?s=20) with size (with the market's approval of course). The ecosystem even has its own media company, [Ownership FM](https://x.com/ownershipfm), which hosts [weekly podcasts and founder roadshows](https://x.com/ownershipfm/status/2052826472738332727?s=20).
The default crypto launch model has been broken for a long time. Raise money, create hype and then rug.
Ownership coins make that harder. They force important decisions into public view. Treasury spending, minting, follow-on funding, buybacks, incentives, and even liquidation are determined by the market.
That is why the Jurassic raise is interesting to me. Not because fossils are the whole bull case, but because it is a live example of what happens when a real business raises from anyone in the world, permissionlessly, while accepting token holder protections from day one.
That feels like the right direction for crypto capital formation.
I'm thinking about doing a weekly or bi-weekly update on the ownership coin category for [r/cryptocurrency](https://www.reddit.com/r/cryptocurrency/) if anyone is interested. As there is a lot happening…
Please let me know if you guys would be into this!

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