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MetaDAO v1

MetaDAO v1

METAV1

Key Stats

Total Supply20.86K METAV1
Max Supply∞
Launch Date2023-11-08

MetaDAO v1 Information

Websites
metadao.fi
Industries
Governance

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MetaDAO v1METAV1
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About MetaDAO v1

MetaDAO (META) is a DAO platform on the Solana blockchain, using futarchy for governance. It facilitates the creation and management of DAOs and involves a token issuance system.

Frequently Asked Questions

MetaDAO (META) is a decentralised autonomous organisation (DAO) built on the Solana blockchain. It is designed to implement a governance model known as futarchy, where decisions are made based on prediction markets rather than traditional voting. MetaDAO provides a platform for creating and managing DAOs, utilising tools for governance, token issuance, and community building​​.

MetaDAO (META) is used for several purposes:

Governance: Utilising futarchy, MetaDAO allows decisions to be made based on market predictions about future outcomes. This method aims to increase transparency and efficiency in governance processes. DAO Creation and Management: The platform provides the infrastructure needed to launch and manage DAOs, including tools for proposal creation, voting, and execution. Token Issuance: MetaDAO supports the issuance of native tokens (META) which can be used within the ecosystem for governance and incentivisation. Community Engagement: MetaDAO includes features for building and managing communities, encouraging active participation in governance and development​​.

MetaDAO was founded by an individual known as Proph3t, who was inspired by Robin Hanson's writings on futarchy. Proph3t had experience in Ethereum DeFi and collaborated with Nallok, a market maker and validator operator in the Solana ecosystem. The project officially launched in November 2023, initially distributing 10,000 META tokens via airdrop​​.