# \[PROPOSAL\] Metacoin Token and Preparation to Decentralized Metaverse DAO Project

**URL:** <https://gov.near.org/t/proposal-metacoin-token-and-preparation-to-decentralized-metaverse-dao-project/12002>\
**Category:** Creatives DAO\
**Tags:** metaverse-dao\
**Created:** [January 4, 2022, 3:46am UTC](https://gov.near.org/t/proposal-metacoin-token-and-preparation-to-decentralized-metaverse-dao-project/12002 "2022-01-04T03:46:59Z")\
**Posts on this page:** 1\
**Showing post:** 2

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**Author:** ![thephilosopher](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/thephilosopher/32/14910_2.png) [@thephilosopher](https://gov.near.org/u/thephilosopher)\
**Post date:** [February 3, 2022, 6:49pm UTC](https://gov.near.org/t/proposal-metacoin-token-and-preparation-to-decentralized-metaverse-dao-project/12002/2 "2022-02-03T18:49:25Z")

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**Report**

Project status: completed  
Project name: Metacoin Token and Preparation to Decentralized Metaverse DAO Project

**Project Accounting:** We deposited 250 DAI with the relative METACOIN in the liquidity pool and we open submissions to projects.Two projects were submitted, and we are in the process approving them and helping them with the submission. One of this 2 projects will be selected and funded next month by metacoin holders. [We also prepared the document similar to MarmaJ’s and published at the forum here](http://gov.near.org/t/metacoin-explanatory-document-metaverse-daos-token/12207).

Exactly: Deposited 250 DAI + 226,95255946067843 metacoins in the liquidity pool on ref.finance. January 10th, 2022, 15:48 Brazilian Time, UTC-3. Left: 23.047 metacoins and 0.001 DAI deposited in ref.finance, but not in the liquidity pool.

- [250 usd in dai to feed the liquidity pool](https://app.ref.finance/pool/2126)
- [100 usd in dai to produce document @thephilosopher](https://app.astrodao.com/dao/metaverse-dao.sputnik-dao.near/proposals/metaverse-dao.sputnik-dao.near-50)
- [3 near sent to @thephilosopher to token creation](https://app.astrodao.com/dao/metaverse-dao.sputnik-dao.near/proposals/metaverse-dao.sputnik-dao.near-39)

**Updated Project Timeline:**  
All the actions were done in the appropriate time.

**Highlights:**  
Final Products: increase in 250 usd in the liquidity pool, 2 metacoin holders, 2 submissions of projects, 1 whitepaper-like document.

**Learnings:**  
We need to publicize our token more, in order to have more submissions and holders.

**Next Steps:**  
Publicize the token and fund the first accepted project.

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_[View the full topic](https://gov.near.org/t/proposal-metacoin-token-and-preparation-to-decentralized-metaverse-dao-project/12002)._