[DRAFT] Allocate 20% to Team Treasury over 6 Years

Proposals
1

Allocate 20% to Team Treasury over 6 Years

This is the breakdown of the second proposal towards $MET – allocation to the Team Treasury.

We propose to allocate 20% of the total MET supply to the team as part of a long-term incentive structure. The allocation will be vested over 6 years from TGE to ensure alignment with the project’s growth and sustainability.

These tokens will vested into a multisig wallet with key members of our team, and then distributed to various team members.

Team Background

Meteora is staffed by a strong, senior team that has been actively building on Solana since 2021, including Sudoku, Kampung_tech, McSam, alongside Zen, Soju, Ben, Malcolm and many more.

Most of the team have worked on Meteora and Mercurial since its inception, some alongside Jupiter-related projects before returning to Meteora.

This 20% allocation will also cover the future acquisition of talent to Meteora, allowing us to expand and strengthen the team. This will mainly revolve around strong engineering talent to drive further innovation to the Meteora products.

Allocate 2% of MET towards M3M3 Stakeholders

We recognize that a majority of M3M3 supporters adopted and supported the $M3M3 token because of Meteora’s participation. Unfortunately, the original creators of the $M3M3 token misused this trust, negatively impacting all its holders.

To show our commitment and appreciation to the people who supported us, we will allocate 2% of our team’s 20% MET allocation (not additional supply) to be distributed within the M3M3 stakeholders. This distribution will take place after a 1-year cliff, or one year after TGE.

This 2% allocation will be distributed towards M3M3 stakers and LPs on top of the M3M3 holders.

By using the team’s allocation, this approach allows us to:

  • Ensure that there is no additional dilution of $MET for existing stakeholders
  • Demonstrate our dedication to work for M3M3 holders for the next year

We will do this based on two snapshots:

  1. March 13, 6:30 AM UTC (When we first announced this initiative)
  2. February 17, 04:18 AM UTC (When Ben Chow’s posted his statement)

No $MET will go towards the 25% of M3M3 held by the Meteora Team.

We hope that doing a 2-snapshot based distribution allows us to get MET in the hands of right stakeholders, particularly the ones who were affected when supporting the Meteora Team.

Blacklisting Bad Actors

We will be undergoing efforts in excluding M3M3 Bad Actors from this allocation.

On top of our efforts in developing a blacklist for the LP Stimulus Plan, we will also be blacklisting the original deployment address owned by Kelsier Ventures, as well as any sniper wallets associated with the group.

We will work together with the community to develop an open and transparent blacklist for all M3M3 bad actors, verifiable using on-chain data.

30 Likes
4

Like it :eyes:, maybe i will pass it

5

I like it to, m3m3 have been a nightmare

6

awesome

even though its not your fault providing 2 percent is huge
all the best team

7

Definitely voting in support of this

8

Hey all, I am a daily Meteora user and early participant and fan of the project.

I’d like to offer my opinion though I generally do not so bear with me.

There are great examples being developed from JUP DAO about team allocation and allocation for working groups.

While there are similarities and differences between the two groups; there are lessons to be derived from both, right?

There are LP ARMY groups that could be considered working groups and justify an allocation.

I am in favor of an allocation for Core Team
but not to exceed 10-12%.

In my opinion 20% allocation to team at TGE is a high allocation, unless that 20% were to include a relatively large group; likely working groups.

I am also in favor of adopting models with long-term incentive structures. The allocation vested over 6 years from TGE to ensure alignment.

This schedule could be reduced to 3 years given the rapid evolution of Solana.

I am glad to see progress on the 10% stimulus and MET, let’s keep that topic going.

Thanks for reading!

9

I like it too, $M3M3 was a real terrible.

1 Like
10

I mentioned this several times on discord, m3m3 tg and twitter, im glad that theres a difference between those that sold and those that didnt sell. i hope their allocation will be different too.

also, what will be the future utility for the M3M3 token? if none, this should be clearly stated.

if there will be future utility, then ill be more than happy to keep holding, like i´ve been since when i bought it at 120mktcap

Will the score system have any use too?
What about current holders? theres a rummor that several dev wallets still holds a large amount of m3m3 and they can still dump on us, is that true?

11

Sounds good. I would have been happy with 2 years but This Sounds like the team is all in so thank you.

12

m3m3 is not a good way to ppp, let’s move forward.

13

fine with the 6 year vesting for the team, in general i would take a look at the HYPE masterclass for distribution and allocation.

but i do totally disagree with the m3m3 allocation. the token was clearly an insider job and ponzi, everyone that actually looked at this could see that.
reimbursing those stakeholders makes absolutely no sense and is of no benefit for the ecosystem or MET.

most of the people that are in favor of this 2% allocation are probably just people that willingly participated in this ponzi and then lost money.
which is 100% their responsibility.

sacrificing the whole token launch and broader success and health of the whole ecosystem would be a great mistake.
also 2% compared to the allocation that honest users using meteoras core products are getting is ridiculous.

i really urge to rethink this proposal

14

Supported and lets build it!

15

I am seeking clarification about the snapshots

I had to listen to the m3m3 portion of the call again before typing this out…and I am still not sure what is going on..

So if stakers of m3m3 sold before Feb 17 (4:18AM UTC), they are not eligible and will receive nothing?

Am I understanding this correctly?

16

I like the 2 snapshots idea.
The team deserves it as well !
Overall good proposal !

1 Like
17

I like the proposal. On discord there is a push to move the second snapshot to specific dates. I don’t think this is necessary. These two snapshots i believe cover most people that kept staking M3M3 or just held it.

1 Like
18

I’ll start off with a TLDR since this will likely end up in a looooonnnggg reply!

I am happy that conversations around m3m3 have started, but am not satisfied with the proposal of 2% of team MET allo to m3m3 stakeholders to try and make things right.

I dislike the fact that the community would have to wait 1 year + however long it is until MET TGE to receive any kind of compensation, whereas the LP fee printers rug has already been compensated.

I understand that we are not comparing apples to apples, and the scale of the projects are vastly different - but I think opportunity cost needs to be taken into account as well…the age old saying that a dollar today is worth more than a dollar tomorrow.

I am writing this assuming that any m3m3 stakeholder prior to February 17, 04:18 AM UTC will NOT receive any type of compensation, so please correct me if I’m wrong (I tried asking in an earlier response but never received a reply)

I am not expecting to be made whole on my losses in supporting the m3m3 PPP movement - just want to make that clear

So let’s begin the long post:

I think it is important to use the date when Ben & Meteora announced that M3M3 would be Meteora’s official memecoin.

Announcing that it is Meteora’s official memecoin would alleviate thoughts that something like this could rug.
The announcement would only raise conviction in supporting the PPP movement.

I think that compensation should be as inclusive as possible for all m3m3 stakeholders, not just the ones that held through max pain or having to be officially told that the building is on fire to then vacate the building. You can smell/see smoke before someone shouts FIRE!

I am sure many people could sense something was fishy given how quickly the price declined leading up to Ben’s official announcement.

The compensation should be as inclusive as possible because it was a max extraction coin from the start, not just at Ben’s announcement.

LGTB, PumpAI, Goat, and OGmeme should also be taken into account because these were coins directly related to the m3m3 score.

I understand that these coins may be from different teams, but the fact is, they were part of the whole m3m3 scoring system that was shilled to the community.

LGBT looked like bot trading
PumpAI had their X account suspended and never really shipped anything after
GoatAI did have some kind of product
OG was so close to the end of everything dying that I hope not many participants got burned…

But I am sure it was all supported by the community because of the m3m3 score and PPP movement

After writing all of this, it can definitely be argued that I may be dumb for investing in memecoins; I should only put in what I can afford to lose, and there should be no crying at the casino - but in the end, M3M3 and the whole PPP movement and scoring system was shilled to the community by someone and a team that we trust(ed) and really wanted to support, even if they didn’t know any better.

2 Likes
19

i repeat m3m3 stakeholders should absolutely not get any MET allocation.

everyone that participated in a clear ponzi that has no utility besides being able to be staked to yield more of the same coin (ponzi) did this willingly and is clearly responsible for their own decision.
they took the risk willingly to profit from it, so any loss is their own responsibility.

20

Honestly didn’t expect the team to go through with the $M3M3 allocation—really cool to see. It’s not an easy move, and I think a lot of people will appreciate that the team is trying to make things right.

Only thing I’d point out is the 6-year vesting. That’s a long time in crypto terms, and kind of hard to get behind for most people. Even if the intention is good, adjusting the timeline might make it feel more fair and realistic.

Either way, glad to see things moving in this direction. Let’s see where it goes.

1 Like
21

Frankly, I think it’s an oversimplification to claim that everyone who participated in $M3M3 knowingly joined a Ponzi scheme.

One of the main reasons many people paid attention to $M3M3 was because members of the Meteora team were associated with it in some form. A lot of users made their decisions based on trust in the team—not just to speculate or chase short-term gains. Labeling all of them as reckless gamblers is unfair.

The 2% allocation isn’t about rewarding bad behavior. It’s a sincere effort from the team to take some responsibility, acknowledge what happened, and rebuild trust with the community. It’s coming from the team’s own share—not additional supply—making it symbolic as well as thoughtful.

Saying “they made a bad choice, so they deserve nothing” might feel straightforward, but in the long run, that mindset damages trust and weakens the ecosystem.

If the goal is to build a strong and healthy community, we can’t just ignore those who felt misled we need to find a way to move forward together.

3 Likes
22

For those who actively purchased $M3M3 and supported Meteora out of genuine trust—not just airdrop farmers—the current 2% allocation with a 6-year vesting feels overly harsh.

There needs to be a clear adjustment: either increase the allocation while keeping the 6-year vesting, or reduce the vesting period to 1–2 years.

In the crypto world, a 6-year vesting period doesn’t feel like long-term incentive—it feels more like a way to avoid real accountability. That perception can seriously affect community trust moving forward.

3 Likes