---
type: source
title: "Futardio: Salmon Wallet fundraise goes live"
author: "futard.io"
url: "https://www.futard.io/launch/512ifHxPFoZa2GUHXi4mLUvJkFfBcZp4E7d1A7Y6EpGG"
date: 2026-02-28
domain: internet-finance
format: data
status: unprocessed
tags: [futardio, metadao, futarchy, solana]
event_type: launch
processed_by: rio
processed_date: 2026-03-11
enrichments_applied: ["MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale.md", "futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent.md", "MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Extracted two claims: (1) Salmon Wallet's futarchy launch mechanics and refunding outcome as experimental evidence of futarchy-governed capital formation, (2) Team's values-based positioning as speculative marketing narrative. Applied three enrichments to existing MetaDAO/futarchy claims with concrete evidence of liquidation mechanism executing and potential trading volume data point. Key facts preserved include technical identifiers, funding history, and timeline. The refunding outcome is particularly significant as real-world evidence of futarchy governance rejecting a project despite meeting nominal funding threshold."
---

## Launch Details
- Project: Salmon Wallet
- Description: Open-source wallet governed by outcomes, not narratives.
- Funding target: $375,000.00
- Total committed: N/A
- Status: Refunding
- Launch date: 2026-02-28
- URL: https://www.futard.io/launch/512ifHxPFoZa2GUHXi4mLUvJkFfBcZp4E7d1A7Y6EpGG

## Team / Description

Since 2022 Salmon Wallet is an open-source, self-custodial cryptocurrency wallet built to return to users what the crypto movement once promised: freedom, transparency, and true ownership.  
Developed primarily on Solana, and extended to Bitcoin, it offers one unified, secure, and sovereign platform — with no hidden fees or intermediaries.

Our mission is principled and clear: to give users back full control of their funds, guided by a community-first, decentralized philosophy that rejects opacity and speculation. Every aspect of Salmon Wallet is designed under one conviction: technology should serve people, not profit from them.  
This commitment to integrity and open governance has already drawn growing attention from early adopters who believe in building the next generation of DeFi-based on trust, code, and community.

The SAL token enables collective decision-making through a futarchy model, where results determine direction.  
Funds are safeguarded by market-based governance, making Salmon Wallet a truly unruggable project, secure against manipulation, and aligned with values of fairness, participation, and transparency.

But beyond code, Salmon represents a movement:  
A return to the ethical roots of crypto, where users (and not corporations) decide the future.  
Early supporters are not just investors: they are co-founders of an ecosystem built on honesty, clarity, and collective strength.

We are listed on the wallet adapter since 2022

## Problem
Anyone who has spent time in the crypto space can feel it: the movement that once stood for freedom and transparency has been quietly absorbed by corporate logic.

The dominant wallets have lost sight of the values that gave birth to crypto itself. Some become closed, secretive, and self-serving, guarding its code instead of opening it to the community. Others hops between networks with ease, but always leave behind hidden fees that bite the very users who made it famous.

These aren’t isolated issues; they confirm what many in the community have long suspected: decentralization has been sold back to us in centralized packaging.  
What was meant to be digital freedom now feels like a branded toll road, where the promise of autonomy has turned into a license fee.

## Solution
Salmon Wallet exists to bring things back to how they were meant to be.  
It’s the confirmation of what users have always believed crypto should stand for: transparency, fairness, and collective power.

Here, everyone knows exactly what they pay. No hidden fees. No surprises. And those fees are decided by the community itself through open governance.

The project remains faithful to the original crypto vision: Salmon runs its own validator on the Solana network, ensuring transparent and verifiable income directly aligned with the ecosystem that sustains it.

In Salmon, every line of code is open, every decision is collective, and every transaction serves a clear purpose. Because those who believed in decentralization from day one know this truth: the future of finance cannot be built on secrets, but on open code, community, and coherence.

---

## Fundraise Goals

**Minimum raise: $ 375,000 USD**  
Funds will be used to support ~12 months of execution across product, infrastructure, and governance:

* **Ship and maintain core wallet features** across Solana, Bitcoin, and additional supported networks.  
* **Maintain a strong security posture** by treating open-source code as adversarial by default, with continuous audits and testing  
* **Operate and sustain infrastructure,** including RPC reliability, and backend services required for non-custodial usage..  
* **Release and iterate iOS and Android apps,** ensuring feature parity and secure key management across platforms.  
* **Improve UX and reliability** across key flows, including key generation, signing, transactions, and upgrades**.**  
* **Execute targeted user acquisition and ecosystem partnerships,** focusing on high-intent users, open-source integrations, and measurable adoption rather than broad paid campaigns.  
* **Support community-led growth and education,** favoring transparency and participation over paid acquisition. Eg Bub Bounty  
* **Expand open-source documentation and developer tooling** to support contributors and integrations.

### Internal and External Contributions/Payments
**Bootstrapped Funding** 
2022: 80K

**Grants 2022-2024**  
Serum: 2.5K  
Eclipse: 40K 

**Links & Technical Information**  
- Website: https://salmonwallet.io/  
- GitHub: https://github.com/salmon-wallet
- Twitter/X: https://x.com/salmonwallet

**Token name and ticker:**  
Salmon Token, SAL

**Minimum raise amount:**  
$375,000

**Monthly team budget:**  
Calculated based on team size, operational costs, and development roadmap — $25,000 USD

**Performance package configuration:**  
0%

**Intellectual property:**  
All open-source code available on official GitHub repository  


# Use of Funds

**Target Runway:** 12 months  
**Average Monthly Burn:** ~$25,000 USD

Salmon is building a verifiable, open, governance-aligned wallet infrastructure with disciplined capital execution.


## **12-Month Execution Plan — $300,000 USD**
### Monthly Burn Breakdown

Team — $18,300 / month (73%)
Infrastructure — $4,200 / month (17%)
Growth & Ecosystem — $2,000 / month (8%)
Governance, Legal & Contingency — $500 / month (2%)


## Roadmap & Milestones
**12-Month Delivery Plan**

### Q2-2026 (Months 1–3)
* Android public release  
* WebApp relaunch  
* Signing flow integration & optimizations  
* Initial internal performance metrics tracking  
* Structured release cadence and QA process  
* Partnership program launch

### Q3-2026 (Months 4–6)
* iOS TestFlight release  
* Staking integration  
* Wallet in Watch Mode  
* AI powered transaction security  
* Reliability enhancements  
* Governance tooling alpha (SAL signaling integration)  
* Wallet-as-a-Service draft design

### Q4-2026 (Months 7–9)
* Custom notification system  
* Portfolio view  
* Ecosystem protocol integrations  
* Contributor program guidelines  
* UX iteration based on user feedback  
* Wallet-as-a-Service release

### Q1-2027 (Months 10–12)
* Cross-platform optimization (mobile + extension)  
* *Potential integrations with other projects*  
* *More features TBD*

---

## Market & Differentiation
### Target Market

Primary:
* High-intent crypto-native users  
* Solana ecosystem participants  
* Bitcoin self-custody users  
* Open-source aligned builders

Secondary:
* Governance-focused communities  
* Developers integrating wallet tooling

### Competitive Edge
* Fully open-source core components  
* Security-first engineering discipline  
* Operational reliability focus  
* Integrated governance framework (SAL)  
* Capital-efficient execution model

### Go-to-Market
* Ecosystem integrations  
* Developer-first positioning  
* Select strategic partnerships  
* Community-driven growth  
* Contributor incentives and bug bounties  
* Technical content and transparency

#### Avoided strategies
* Broad paid marketing campaigns  
* Short-term speculative incentives  
* Vanity growth metrics

## Links

- Website: https://salmonwallet.io/
- Twitter: https://x.com/salmonwallet
- Telegram: https://t.me/salmon_wallet

## Raw Data

- Launch address: `512ifHxPFoZa2GUHXi4mLUvJkFfBcZp4E7d1A7Y6EpGG`
- Token: HuP (HuP)
- Token mint: `HuPqHaa7rx4Nrd9MuboiU2hb67X2pSSqUqdcdBufmeta`
- Version: v0.7
- Closed: 2026-03-01


## Key Facts
- Salmon Wallet launch address: 512ifHxPFoZa2GUHXi4mLUvJkFfBcZp4E7d1A7Y6EpGG
- Token: HuP (HuP), mint: HuPqHaa7rx4Nrd9MuboiU2hb67X2pSSqUqdcdBufmeta
- Minimum raise: $375,000, Monthly burn: $25,000
- Bootstrapped funding 2022: $80k, Grants: Serum $2.5k + Eclipse $40k
- Listed on Solana wallet adapter since 2022
- Launched 2026-02-28, closed 2026-03-01, status: Refunding
- Platform: futard.io v0.7
