BlockBeats News, December 12 — Proph3t, co-founder of MetaDAO, a governance project in the Solana ecosystem, stated at the Solana Breakpoint conference that MetaDAO implements a true ownership mechanism on Solana through “ownership coins,” primarily involving two components: Governance/Market Oversight Component: similar to a DAO but less extreme. Proposals are made 2 to 4 times a year, such as issuing new tokens for OTC investment rounds. Users do not vote but participate through trading. Legal Structure Component: prevents project rug pulls. Founders transfer intellectual property rights to an entity, which points to on-chain market systems. If the business succeeds or is acquired, the profits are returned to token holders, and founders cannot unilaterally take them. Proph3t emphasized that “ownership coins” address the pain points of traditional DAOs, providing real legal protection and ownership transfer for crypto projects.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana DApp Revenue Drops to $22 Million, SOL Price Falls 11% in Three Days to $87
Solana ecosystem decentralized application revenue has dropped to an 18-month low, with SOL price recently declining 11% to $87, while long positions have been liquidated. Despite strong performance in DEX trading volume, it faces intense competition in the perpetual futures market.
GateNews1h ago
Solana on-chain revenue hits 18-month low, SOL may test $80 level
The Solana ecosystem has come under pressure recently, with SOL's price retreating from $97.70 to $87, representing a three-day decline of approximately 11%. Sentiment in the derivatives market is insufficient, with funding rates approaching historic lows, and on-chain DApp revenue has dropped to an 18-month low. Despite relatively solid performance on decentralized exchanges, new products and competition are putting pressure on capital flows. SOL is expected to remain range-bound and weak in the near term.
GateNews1h ago
Forward Industries Borrows $40 Million for Share Buyback, SOL Holdings Show Paper Loss Exceeding $1.1 Billion
Forward Industries announced the repurchase of over 6 million shares, reducing outstanding shares by approximately 7.4%. This repurchase was partially funded by a $40 million cryptocurrency loan, aimed at capitalizing on the current stock price trading below net asset value. The company faces over $1.1 billion in book losses while holding over 7 million SOL tokens, with a market value of approximately $614 million, indicating unusual financial circumstances. Management emphasized that the share repurchase strategy reflects confidence in the long-term value of SOL.
MarketWhisper2h ago
Solana's stablecoin supply reaches $17.9 billion, a record high, with USDC accounting for over 56%
Solana blockchain stablecoin supply reaches $17.9 billion all-time high, with USDC accounting for over 56%. Its stablecoin transfer volume surpasses Ethereum and Tron, demonstrating efficiency in payments and fund flows, highlighting its competitive advantage amid economic volatility.
GateNews2h ago
Solana price remains at $88, controversy over stablecoin yields heats up
Gate News report: On March 20, White House crypto advisors stated that friction between banks and crypto companies regarding stablecoin yields is unfounded, and expressed confidence in yield sharing. Meanwhile, Solana price maintained levels around 88 dollars. Additionally, crypto project Pepeto has recently garnered market attention.
GateNews3h ago
Solana Price Trend Shows Bearish Technical Pattern, Higher Time Frames Exhibit Weakness
Gate News Report: On March 20, Solana (SOL) price action displayed bearish technical formations on higher timeframes, with the market showing weakness. Technical charts indicate that SOL has formed bearish structures across multiple timeframes, with price action under pressure.
GateNews4h ago
