On December 12th, Solana ecosystem governance project MetaDAO co-founder Proph3t stated at the Solana Breakpoint conference that MetaDAO realizes a true ownership mechanism on Solana through “ownership coins,” mainly involving two components: governance/market supervision component—similar to a DAO but less extreme, proposing 2 to 4 times a year, such as issuing new tokens for OTC investment rounds. Users do not vote but participate through transactions. Legal structure component—preventing project rug pulls. Founders transfer intellectual property rights to an entity, which points to an on-chain market system. If the business succeeds or is acquired, the profits are returned to token holders, and founders cannot take everything for themselves. Proph3t emphasized that “ownership coins” address the pain points of traditional DAOs, providing genuine legal protection and ownership transfer for crypto projects.
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MetaDAO Co-founder: "Ownership tokens" combine on-chain governance and a new legal framework to create true ownership
On December 12th, Solana ecosystem governance project MetaDAO co-founder Proph3t stated at the Solana Breakpoint conference that MetaDAO realizes a true ownership mechanism on Solana through “ownership coins,” mainly involving two components: governance/market supervision component—similar to a DAO but less extreme, proposing 2 to 4 times a year, such as issuing new tokens for OTC investment rounds. Users do not vote but participate through transactions. Legal structure component—preventing project rug pulls. Founders transfer intellectual property rights to an entity, which points to an on-chain market system. If the business succeeds or is acquired, the profits are returned to token holders, and founders cannot take everything for themselves. Proph3t emphasized that “ownership coins” address the pain points of traditional DAOs, providing genuine legal protection and ownership transfer for crypto projects.