---
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: processed
claims_extracted: []
processed_by: rio
processed_date: 2026-03-11
claims_extracted: ["permissionless-futarchy-launches-achieve-5-9-percent-funding-success-rate-creating-market-based-quality-filter.md", "first-mover-hesitancy-in-futarchy-raises-creates-momentum-dependent-coordination-where-deposits-follow-rather-than-lead.md"]
enrichments_applied: ["futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md", "futarchy-governed permissionless launches require brand separation to manage reputational liability because failed projects on a curated platform damage the platforms credibility.md", "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", "internet capital markets compress fundraising from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Extracted two novel claims: (1) the 5.9% success rate as market-based quality filter, and (2) first-mover hesitancy as distinct coordination friction. Applied four enrichments confirming/extending existing claims about brand separation, adoption friction, MetaDAO scale, and fundraising compression. Updated futardio entity timeline. Source provides early empirical data on permissionless futarchy launch dynamics."
---

# 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


## Key Facts
- 34 ICOs created on futard.io in first ~2 days (2026-03-05)
- 2 of 34 ICOs reached funding thresholds and launched successfully
- $15.6M total deposits from 929 unique wallets
- Average deposit of ~$16,800 per wallet
- 5.9% success rate (2/34) for permissionless launches
- 17x increase in launch velocity vs MetaDAO curated (34 in 2 days vs 6 in Q4 2025)
