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Solana's First Token-Voted Allowance: $SMAN DAO Pioneers Governance with Realms Streams Tool

Solana's First Token-Voted Allowance: $SMAN DAO Pioneers Governance with Realms Streams Tool

In the fast-paced world of memecoins, innovation never sleeps. Today, we're spotlighting a groundbreaking move from the SOLMAN DAO, which just rolled out what could be the first token-voted allowance on the Solana blockchain. This isn't just another proposal—it's a step toward more efficient, automated governance in the crypto space.

The buzz started with a tweet from DeanTheMachine, Director at Realms DAOs, who announced: "I just created what I believe to be the first token-voted allowance on Solana. Using the new streams tool on Realms, this proposal will automatically send a daily allowance of $SMAN token to the new Core lead for the next 3 months. The DAO can cancel at any time."

For those new to the scene, SOLMAN DAO is home to the $SMAN memecoin, a community-takeover project on Solana that's all about decentralized fun and governance. $SMAN stands for Sol Man—think half man, half Solana vibes. It's traded on platforms like Raydium, with a token address of 8XN5g4vrHtxcpi443Pz4HuNxe3EuCojdLTdiz4eRpump. What sets it apart? It's the first CTO'd (community takeover) memecoin to launch a full Realms DAO, where holding $SMAN gives you voting power—one token, one vote.

Realms is a popular DAO platform on Solana, designed to make governance smooth and cost-effective. Their new "streams" tool is the star here. Streams allow for automated, ongoing token transfers, like a salary drip-feed, voted on by the community. In this case, it's funding the core operations team lead with daily $SMAN payments over three months. The best part? The DAO can pull the plug anytime if things go south, keeping power in the hands of token holders.

SOLMAN DAO Voting Page for Core Operations Team Allowance

As seen in the screenshot from the proposal, voting is live on the Realms platform, showing options for "Yes" or "No" with real-time results. This setup highlights Solana's edge: low fees and high speed make participating in DAOs accessible, unlike clunkier networks where gas costs can deter voters.

Why does this matter for memecoin enthusiasts? Memecoins often start as jokes but evolve into serious communities. Tools like this elevate them from pump-and-dump schemes to structured entities with real utility. Imagine your favorite dog or cat token funding devs or marketing through community-voted streams—it's a game-changer for sustainability.

If you're holding $SMAN or eyeing Solana projects, check out the original tweet for more details. As meme tokens continue to blend fun with finance, innovations like this could set new standards for DAO operations across the blockchain.

Stay tuned to Meme Insider for more updates on emerging memecoins and governance trends. What's your take—will streamed allowances become the norm in crypto DAOs?

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