About MetaDAO

META is a token created by MetaDAO to be used as a reference asset in its live instance of Futarchy. MetaDAO operates as the world's first market-governed organization using Futarchy, where all decision-making authority is given to markets. Using a reference asset, such as a governance token like META, the same process can be used for every decision. The market speculates the value of an asset conditional to a few possible actions and outcomes, the DAO then selects the action with the best value. So… how does that function? Well, on paper, you could take a community and create two markets over an issue seeking a solution, one for ‘X’ and one for ‘Y’. Allow investors to trade in these markets for a short time. After that elapses, you can view the prices of the community stock in both markets. Action the solution that is more profitable while reverting trades on the lower valued market. This shows the results of market speculation on the value of a certain action.

MetaDAO believes too many organizations are wrapped in politics when they should be focused on growing the organization. Actions are performed in the interest of those already in power, not in the interest of the organization as a whole. Importantly, markets provide incentives to correct bad decision proposals through trading, rather than votes. This leads to price accuracy as market manipulation deviates from intrinsic value and creates attention for correction whereas public votes may have individual votes being bought. Following a market’s speculation over time gives more power to good predictors over bad predictors. The proof is in the pudding that META holders enjoy. While markets aren’t perfect, they are valuable information aggregators and MetaDAO is tapping into that.

"The goal of the DAO is to make number go up," said Proph3t, the creator of MetaDAO in an interview with Coindesk. They achieved exactly that in February 2024 during a Salt Lake City hacker house. The META number shot up from $50 to over $1,000 in a matter of days as mtnDAO attendees became enthralled trialing out the futarchy-based system. "This is consuming my life," … "There has never been a more interesting DAO governance mechanism in crypto." said Barrett, the head of mtnDAO in the same interview.

It all kicked off with 10,000 META being airdropped to roughly 60 wallets while another portion was held for the DAO treasury. Successful proposals have increased the circulating supply to over 20k. All hail the market.