---
type: archive
source: "Pine Analytics (@PineAnalytics)"
url: https://x.com/PineAnalytics/status/2029616320015159504
date: 2026-03-05
tags: [rio, metadao, futarchy, futardio, permissionless-launches]
domain: internet-finance
status: unprocessed
claims_extracted: []
---

# Futard.io Launch Metrics (First 2 Days) — Pine Analytics

First analytics on futard.io's permissionless launch platform, MetaDAO's unbranded arm for open token launches.

## Key Metrics (first ~2 days)

- **34 ICOs created** — permissionless, anyone can launch
- **$15.6M in deposits** from 929 wallets
- **2 DAOs reached funding thresholds** — successfully funded and launched

## Behavioral Observation

"People are reluctant to be the first to put money into these raises" — first-mover hesitancy. Deposits follow momentum once someone else commits first. This maps directly to the coordination/liquidity chicken-and-egg problem identified in the futarchy adoption friction claim.

## What This Means

- 34 ICOs in 2 days vs 6 curated launches all of Q4 2025 — permissionless unlocks massive supply of launch attempts
- But only 2/34 (5.9%) reached funding thresholds — high failure rate is expected and healthy for a permissionless system
- $15.6M deposits across 929 wallets = ~$16.8K average deposit per wallet — meaningful capital, not just spam
- The brand separation strategy (futard.io vs MetaDAO) is live and functioning — failed launches don't damage MetaDAO brand

## Connections to Knowledge Base

- Validates [[futarchy-governed permissionless launches require brand separation to manage reputational liability]] — the separation is working as designed
- Enriches [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — first-mover hesitancy is a new friction dimension
- Strengthens Position #4 — if 34 ICOs in 2 days becomes steady state, MetaDAO/futard.io ecosystem dominates Solana launch volume by sheer throughput
- The 5.9% success rate creates a quality filter through market mechanism — only projects that attract genuine capital survive
