MtnCapital to Launch $MTN Token and Test Futarchy Governance Model
The upcoming launch of the $MTN token at the Solana developer meetup will mark the establishment of mtnCapital, an on-chain investment fund governed by a market-oriented governance model known as futarchy. Key points include:
- mtnCapital will utilize MTN token pricing to make investment decisions.
- If traders believe a proposal is beneficial, MTN's value will increase, facilitating approval; conversely, a decrease indicates rejection.
- Barrett, one of the co-founders, anticipates mtnCapital will outperform traditional venture capital funds.
- The fund’s treasury will be raised through public sales of MTN tokens, with founders having no initial allocation.
- Market movements will dictate the fund's operations, emphasizing predictions over voting.
- MtnCapital aims to operate transparently, engaging in open decision-making processes.
Major investors have previously shown interest in similar models, indicating potential appetite for mtnCapital. The fund plans to run alongside mtnDAO, sharing channels and branding, but maintaining separate investment strategies.