Executive summary

Fundraising on Solana remains structurally broken. Most token launches today are either speculative meme experiments or insider-driven presales, while so-called “fair” launches still favor early entrants at the expense of broader investors. This leaves serious builders without a credible way to raise capital, and investors without a fair way to participate.

MetaDAO introduces the first sustainable alternative: a futarchic ICO model where all participants enter at the same price, capital is held in a DAO treasury rather than captured by founding teams, and failed projects unwind transparently through structured buybacks instead of abandonment. The result is a mechanism that preserves the openness of ICOs while removing the scams, insider advantages, and asymmetric risks that have undermined the fundraising landscape.