ICM Stream

'Ownership Coin' is a term coined by @MetaDAOProject - a futarchy-powered launchpad. Its purpose is to align token value with protocol revenue and performance, creating stronger incentives for builders, investors, and holders.

15 ICOs launched on MetaDAO under those rules. In this bear season, 7 are still beating their launch price; some by triple digits.

breaking down every single one 🧵👇

ICM Stream is going to Breakpoint by @solanaevents in Olympia, London, 15-17 Nov!

Our goals:

1. Writing our weekly ICM recap live from the main hall at Breakpoint.

2. Finally shaking hands with the teams we've been writing about every week: @morifinance_, @1609SAT, @SyndicateGameHQ, @SlopCash, @try_cope, @merchsdotfun, @ripcarsio, @thebyefun, @final_wallet, @TheInnerTable, @DRAWUPxyz, @orendalio, @MimiKrew, @Predict_PM_AMM and more.

3. Grabbing coffee (and way too many photos) with the launchpad founders pushing ICM forward: @metaproph3t, @mitchellsniffle, @adamcreates_, @0xjakesaga and @nomadngx.

4. Interviewing @toly to get his take on Internet Capital Markets.

5. Discovering how people really think about memes vs ICM, and where @pumpdotfun and @Stonkdotfunxyz fit into the story.

6. Asking founders, traders and investors one question: what makes an ICM raise still work after TGE?

7. Bringing every take from the floor back to the timeline for those who can't make it to London.

We're excited for our first Breakpoint. See you there!

What’s new on ICM?

An SAT prep app passed $7.6M in commitments on a $100K raise, Slop Cash filled its auction in under 15 minutes, and Percolator is leaving its pumpfun token for a Backable raise.

Here’s the rundown:

> @MetaDAOProject launched the Apps Program for consumer app founders. Its first raise, @1609SAT, has drawn $7.6M in commitments for a $100K raise and closes on November 9.

> @MetaDAOProject announced @morifinance_ as its next curated raise. The sale goes live on November 9 at 11am PT.

> @PercolatorTrade is raising $250K on @backabledotbiz to take its perps protocol to mainnet, moving away from its pump.fun token. Old holders get a $50K reserved allocation in the new $PERC raise.

> @umia_finance’s @SlopCash ($SLOP) auction hit its ~$988K cap less than 15 minutes into the public round. $SLOP starts trading on November 10.

> @JustSparkIdeas closed @try_cope ($COPE) on @backabledotbiz with $372K committed for a $50K raise, 7.4x oversubscribed.

> @final_wallet opened its ICO on @backabledotbiz. Final is a multichain non-custodial wallet built by @0xSrMessi.

> @backabledotbiz announced that @koturoxyz will open its ICO on November 11.

> @joinsendr opened a $250K raise on @backabledotbiz for its stablecoin remittance app.

> @thebyefun ($BYE) launched its Gold Pool on Seeker, with premium graded slabs and bigger chases. Users who load cards into the pool earn as others roll.

> @raffledotsol ($SRF) settled its November 5 Power Lottery, with 191 players competing for a 120.66 SOL prize pool.

> @merchsdotfun ($MER) dropped a new Seeker tee, payable in SOL, USDC or SKR.

> @playkaboomgg ($KABOOM) introduced K-Points, loyalty points earned by playing or providing liquidity to the house vault. Its Buildathon Raise Phase 1 on @sagapad_icm runs until November 14.

> @playtcggo ($TGO) shipped its in-game Shop, with the Seeker launch up next. Its Buildathon Raise Phase 1 runs until November 20.

> @ripcarsio ($CARS) crossed $2M in volume less than two months after launch.

> @crediblefin ($CRED) secured FINTRAC MSB registration in Canada, strengthening its regulatory footing as it expands across North America.

> @UmbraPrivacy ($UMBRA) saw 827 depositors use its shielded pools over the last 30 days. More than $540K is currently shielded.

> @JurassicFi teased a dinosaur gacha on Solana, with plans to source collectibles such as dinosaur teeth, claws and jaws.

> @loyal_hq ($LOYAL) passed LOYAL-004, moving half of its DAO-owned liquidity into the treasury.

> @hivebits_io ($NECTAR) moved to MetaDAO 2.0 proposal rules after NECTAR-002 passed.

> @Basket_on_sol ($BASKET) opened basket creation to any wallet, with up to 40 Solana tokens per basket.

The first raise on @MetaDAOProject's new Apps Program just went ~3,500% oversubs in just 12 hours.

That's @1609SAT, an AI SAT prep app. The product has no crypto in it, the users are high schoolers, and nearly $3.5M is now chasing a $50K public allocation with 3 days left.

Here's the rundown:

Another successful @backabledotbiz raise curated by @JustSparkIdeas.

@try_cope $COPE just went 6.2x on a $50K goal.

It is @JustSparkIdeas's Idea #10, the 1000x perps DEX on Solana built around "Lose a trade, get your copium", and succeeded in attracting $308K committed.

Here's the rundown: