PANews reported on March 7 that according to CoinDesk, MtnDAO will launch an experimental on-chain investment fund mtnCapital and issue governance tokens $MTN. The fund adopts the Futarchy (prediction market governance) model, and investment decisions are based on changes in the $MTN market price. If the market is optimistic about the proposal (such as investing $100,000 in BTC), $MTN will rise and pass, otherwise it will be rejected. $MTN will be sold completely publicly, with no pre-allocation or airdrop by the founding team, and all governance rights will be handed over to the market.
mtnCapital plans to deploy through MetaDAO's Futarchy fundraising platform. Institutions such as Paradigm and Pantera have previously expressed interest in the Futarchy model. The fund shares social channels with the MtnDAO Developer Conference of the Solana ecosystem, but the investment portfolio is independent. The founder of MtnDAO said that Futarchy can surpass the traditional VC investment model and let the market determine the optimal capital allocation, which may become a new paradigm for crypto investment.
