---
type: entity
entity_type: product
name: "Futardio"
domain: internet-finance
handles: ["@futarddotio"]
website: https://futard.io
status: active
tracked_by: rio
created: 2026-03-11
last_updated: 2026-04-01
launched: 2025-10-01
parent: "[[metadao]]"
category: "Permissionless futarchy-governed token launchpad (Solana)"
stage: growth
key_metrics:
  total_launches: "65+"
  successful_raises: "2 (FUTARDIO, SUPER)"
  mechanism: "Unruggable ICO — permissionless launches with futarchy-governed treasury return guarantees"
competitors: ["pump.fun", "Doppler"]
built_on: ["Solana", "MetaDAO Autocrat"]
tags: ["launchpad", "ownership-coins", "futarchy", "unruggable-ico", "permissionless-launches"]
---

# Futardio

## Overview

MetaDAO's permissionless token launch platform, branded and operated separately from the curated MetaDAO ICO track. Anyone can launch for ~$90. Projects get the same futarchy governance mechanism — treasury held on-chain, futarchy-governed liquidation rights for investors — but without MetaDAO's curation or selection process.

## The Permissionless Move

MetaDAO originally rejected the idea of a permissionless launchpad. In August 2024, a proposal to develop Futardio as a memecoin launchpad failed via futarchy — the market correctly identified reputational risk. A one-line "should MetaDAO create Futardio?" proposal also failed in November 2024 for lack of specification.

The breakthrough was brand separation. In February 2025, Proph3t and Kollan proposed releasing a launchpad with a separate brand identity — Futardio — so that permissionless launch failures wouldn't damage MetaDAO's curated reputation. This proposal passed. The mechanism is the same (unruggable ICO, futarchy governance), but the brand, curation level, and risk profile are distinct.

This is the core design insight: permissionless launches need their own brand because a single platform can't simultaneously signal "we curate quality" and "anyone can launch." MetaDAO handles the curated ownership coin track (10 launches to date). Futardio handles the permissionless tier.

## Successful Raises

Two projects have successfully raised through Futardio's permissionless track:

| Project | Ticker | Target | Committed | Oversubscription | Entity |
|---------|--------|--------|-----------|------------------|--------|
| Futardio Cult | $FUTARDIO | — | $11.4M | — | [[futardio-cult]] |
| Superclaw | $SUPER | $50K | $5.95M | 119x | [[superclaw]] |

**Futardio Cult** ($11.4M raised) is the platform's own governance token — the largest single capital raise on the permissionless tier. 228x oversubscription. However, this is a weak test of futarchy's value because the raise is confounded with meme coin speculation dynamics.

**Superclaw** ($5.95M committed against $50K target) is AI agent infrastructure. Highest oversubscription ratio of any post-v0.6 launch. This is the strongest evidence that the permissionless tier can surface legitimate projects.

## The Permissionless Launch Log

The vast majority of permissionless launches fail to reach their targets. This is the filtering function working as designed — the market says no to projects that can't attract capital.

As of March 2026: 65+ total launches, 2 successful raises, 50+ refunding/failed, several trivial/test launches. Total capital committed across all launches: ~$17.9M, with 97.2% concentrated in the top 2 projects (Futardio Cult and Superclaw).

Notable failures and what they reveal:
- **Seyf** — raised $200 against a $300K target. AI-native wallet concept with near-zero market traction. Launched the same week as Futardio Cult's $11.4M raise, showing the market discriminates sharply even within the permissionless tier.
- **MycoRealms** — launched, failed, relaunched (v2 reached $158K of $200K target, still short). The ~$90 relaunch cost enables rapid iteration, which is a feature.
- **Salmon Wallet** — three attempts (v1, v2, v3 reaching $97.5K of $375K). Persistent effort, persistent market rejection.

## Competitive Position

**vs Pump.fun**: Both permissionless, anyone can launch. Pump.fun is a memecoin casino — zero accountability, bonding curve mechanics, massive throughput ($billions). Futardio adds the futarchy layer: treasury held on-chain, futarchy-governed liquidation if teams misrepresent. The question is whether that protection is worth the friction. Pump.fun has orders of magnitude more volume; Futardio has 2 successful raises vs Pump.fun's thousands. But Futardio's successes have real treasuries and real governance — Pump.fun's do not.

**vs Doppler**: Liquidity bootstrapping pools (Dutch auction price discovery). Different mechanism, no governance layer. Doppler solves initial pricing; Futardio solves ongoing accountability.

**Structural advantage**: Only permissionless launch platform with futarchy-governed accountability and treasury return guarantees. The enforcement mechanism has been proven twice at the MetaDAO level (mtnCapital, Ranger liquidations).

**Structural weakness**: The 97% capital concentration in 2 projects (out of 65+ launches) means the platform's success story is extremely thin. If Superclaw fails, the permissionless tier's track record outside of the platform's own token is zero.

## Investment Thesis

Futardio tests whether futarchy can govern capital formation at the permissionless tier. If the filtering function continues to work (bad projects fail fast, good projects get funded) and the enforcement mechanism proves out on the permissionless tier (not just the curated MetaDAO track), then Futardio creates a new category: accountable permissionless fundraising. The data so far is early — 2 successes out of 65+ attempts is a strong filter but a thin track record.

**Thesis status:** ACTIVE

## Relationship to KB
- [[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]] — parent claim
- [[futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent]] — enforcement mechanism
- [[futarchy-governed permissionless launches require brand separation to manage reputational liability because failed projects on a curated platform damage the platforms credibility]] — the rationale for Futardio's existence as a separate brand

---

Relevant Entities:
- [[metadao]] — parent protocol and curated ICO track
- [[futardio-cult]] — platform governance token ($FUTARDIO)
- [[superclaw]] — strongest permissionless raise ($SUPER)

Topics:
- [[internet finance and decision markets]]
