MetaDAO (new) META

MetaDAO is inspired by the writings of Robin Hanson, Shall We Vote on Values, But Bet on Beliefs originally published in 2001. Where he describes a system of governance using decision markets called Futarchy. This inspired Proph3t the pseudo anonymous founder of MetaDAO. Proph3t had previously worked in Ethereum DeFi as a smart contract engineer, but took up the moniker when starting new on Solana.

He met his co-founder Nallok at a dinner during Solana Breakpoint in October of 2023. Where Nallok had been a market maker for centralized exchanges, ran liquidation bots on chain and operated a Validator-as-a-Service business for Solana validators.

The first platform for trading decision markets was launched in December of 2023. In May of 2024 MetaDAO launched its flagship product Futarchy as a Service allowing other DAOs to establish and trade their own decision markets for governance decisions.

This project became what is now MetaDAO, and employs three staff.

MetaDAO was created in 2023 with its initial token distribution via airdrop to aligned parties in November, 2023 with 10,000 tokens distributed and a remaining 990,000 in the DAO treasury. In March of 2023 the DAO traded a proposal which burned all remaining treasury META tokens culminating with a total burn of 979,000 META tokens.

META is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available.

Jupiter offers the best routing for swapping on-chain. MarginFi offers a platform for lending and borrowing META.

New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.