Ranger has launched its Initial Coin Offering (ICO), running until January 10, aiming to raise a minimum of $6 million by selling 39% of its RNGR token supply. The ICO marks a significant milestone for MetaDAO as it includes a project with pre-ICO investors for the first time. Participants will have 100% liquidity at the Token Generation Event (TGE), while pre-ICO investors will follow a 24-month unlock schedule. The team’s token allocation is tied to price performance, with milestones set at 2x to 32x of the ICO price. MetaDAO, which monetizes ICOs through swap fees on its Futarchy AMM, has seen declining revenues due to a slowdown in ICO activity. However, the recent Omnibus proposal, which passed, is expected to boost revenue by migrating liquidity and burning META tokens. MetaDAO is considering permissionless launches to increase throughput and validate scalability, potentially driving a significant increase in ICO cadence and revenue in the coming months.