PANews reported on March 7 that, according to CoinDesk, MtnDAO will launch an experimental on-chain investment fund called mtnCapital and issue a governance token $MTN. The fund will adopt a Futarchy (prediction market governance) model, with investment decisions based on changes in the market price of $MTN. If the market is bullish on a proposal (such as investing $100,000 in BTC), $MTN will rise and the proposal will be approved, otherwise it will be rejected. $MTN will be sold entirely publicly, with no pre-allocation or airdrop for the founding team, and all governance rights will be handed over to the market.
mtnCapital plans to deploy through the Futarchy fundraising platform of MetaDAO. Institutions such as Paradigm and Pantera have previously expressed interest in the Futarchy model. The fund shares social channels with the MtnDAO developer conference in the Solana ecosystem, but its investment portfolio is independent. The founder of MtnDAO said that Futarchy can go beyond the traditional VC investment model, allowing the market to determine the optimal capital allocation, and may become a new paradigm for crypto investment.
