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MetaDAO Co-founder: "Ownership tokens" combine on-chain governance and a new legal framework to create true ownership

2025-12-12 11:25:23

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.

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