diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e101..28c564f3 100644 --- a/entities/internet-finance/futardio.md +++ b/entities/internet-finance/futardio.md @@ -46,6 +46,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless - **2026-03-07** — Areal DAO launch: $50K target, raised $11,654 (23.3%), REFUNDING status by 2026-03-08 — first documented failed futarchy-governed fundraise on platform - **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status +- **2026-03-03** — [[salmon-wallet-futardio-fundraise]] failed: First wallet infrastructure project raised $97,535/$375,000 (26%) before refunding, demonstrating futarchy adoption friction for operational software vs meme coins ## Competitive Position - **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees - **vs pump.fun**: pump.fun is memecoin launch (zero accountability, pure speculation). Futardio is ownership coin launch (futarchy governance, treasury enforcement). Different categories despite both being "launch platforms." diff --git a/entities/internet-finance/salmon-wallet-futardio-fundraise.md b/entities/internet-finance/salmon-wallet-futardio-fundraise.md new file mode 100644 index 00000000..71fe031e --- /dev/null +++ b/entities/internet-finance/salmon-wallet-futardio-fundraise.md @@ -0,0 +1,46 @@ +--- +type: entity +entity_type: decision_market +name: "Salmon Wallet: Futardio Fundraise" +domain: internet-finance +status: failed +parent_entity: "[[salmon-wallet]]" +platform: futardio +proposal_url: "https://www.futard.io/launch/Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF" +proposal_date: 2026-03-03 +resolution_date: 2026-03-04 +category: fundraise +summary: "Open-source wallet infrastructure project seeking $375K for 12-month operational runway through futarchy-governed ICO" +key_metrics: + raise_target: "$375,000" + total_committed: "$97,535" + raise_percentage: "26%" + token_ticker: "SAL" + token_mint: "DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta" + launch_address: "Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF" + monthly_burn_rate: "$25,000" + planned_runway: "12 months" +tracked_by: rio +created: 2026-03-11 +--- + +# Salmon Wallet: Futardio Fundraise + +## Summary +Salmon Wallet attempted to raise $375,000 through MetaDAO's futarchy-governed ICO platform for 12-month operational runway. The project presented detailed operational budget ($25K/month burn), quarterly technical roadmap (Android release, iOS TestFlight, staking integration, AI transaction security), and team allocation (73% of budget). Despite being an established project (active since 2022, wallet adapter listed, $122.5K prior funding), the raise achieved only 26% of target before refunding. + +## Market Data +- **Outcome:** Failed (Refunding) +- **Raise Target:** $375,000 +- **Total Committed:** $97,535 (26%) +- **Duration:** 1 day (2026-03-03 to 2026-03-04) +- **Token:** SAL (Salmon Token) + +## Significance +First observed futarchy-governed fundraise for operational wallet infrastructure on MetaDAO platform. The failure provides empirical evidence that futarchy mechanisms face adoption friction when applied to operational software projects requiring sustained development, contrasting with successful meme coin launches (CULT raised $11.4M in one day). The project attempted to bridge futarchy capital allocation with traditional operational planning (detailed budgets, milestone roadmaps), but this hybrid model failed to attract sufficient capital. + +## Relationship to KB +- [[salmon-wallet]] — parent entity +- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical confirmation +- [[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]] — platform scope expansion test +- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — hybrid governance model case diff --git a/entities/internet-finance/salmon-wallet.md b/entities/internet-finance/salmon-wallet.md new file mode 100644 index 00000000..44a0008c --- /dev/null +++ b/entities/internet-finance/salmon-wallet.md @@ -0,0 +1,39 @@ +--- +type: entity +entity_type: company +name: Salmon Wallet +domain: internet-finance +status: active +founded: 2022 +website: https://salmonwallet.io/ +key_people: + - role: team + name: undisclosed +key_metrics: + prior_funding: "$122,500" + bootstrap_2022: "$80,000" + grants_2022_2024: "$42,500" + futardio_raise_target: "$375,000" + futardio_raise_actual: "$97,535" + monthly_burn_rate: "$25,000" +related_entities: + - "[[futardio]]" + - "[[metadao]]" +tracked_by: rio +created: 2026-03-11 +--- + +# Salmon Wallet + +Open-source self-custodial cryptocurrency wallet built primarily on Solana with Bitcoin support, emphasizing transparency and community governance. Active since 2022, listed on Solana wallet adapter. Operates own Solana validator for transparent revenue. Attempted futarchy-governed fundraise through MetaDAO's futard.io platform in March 2026, representing first observed wallet infrastructure project using futarchy for capital formation. + +## Timeline +- **2022** — Project founded, listed on Solana wallet adapter, received $80K bootstrap funding +- **2022-2024** — Received $42.5K in grants (Serum $2.5K, Eclipse $40K) +- **2026-03-03** — Launched futarchy-governed fundraise on futard.io seeking $375,000 for 12-month runway +- **2026-03-04** — Fundraise closed with $97,535 raised (26% of target), status: Refunding + +## Relationship to KB +- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical case of failed futarchy-governed operational software fundraise +- [[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]] — first wallet infrastructure project on platform +- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — hybrid futarchy/traditional planning model diff --git a/inbox/archive/2026-03-03-futardio-launch-salmon-wallet.md b/inbox/archive/2026-03-03-futardio-launch-salmon-wallet.md index 5b703394..f671a8ab 100644 --- a/inbox/archive/2026-03-03-futardio-launch-salmon-wallet.md +++ b/inbox/archive/2026-03-03-futardio-launch-salmon-wallet.md @@ -6,7 +6,7 @@ url: "https://www.futard.io/launch/Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF" date: 2026-03-03 domain: internet-finance format: data -status: unprocessed +status: processed tags: [futardio, metadao, futarchy, solana] event_type: launch processed_by: rio @@ -14,6 +14,11 @@ 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 adoption faces friction from token price psychology proposal complexity and liquidity requirements.md", "futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance.md"] extraction_model: "anthropic/claude-sonnet-4.5" extraction_notes: "First observed futarchy-governed wallet infrastructure project on MetaDAO platform. Failed raise provides empirical data on futarchy adoption friction for operational software vs pure capital allocation vehicles. Enriches existing claims about MetaDAO scope expansion, adoption barriers, and operational governance challenges." +processed_by: rio +processed_date: 2026-03-11 +enrichments_applied: ["futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.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", "futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance.md"] +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "First observed futarchy-governed wallet infrastructure project on MetaDAO platform. Failed raise provides empirical data on futarchy adoption friction for operational software vs pure capital allocation vehicles. No new claims extracted—all insights enrich existing claims about MetaDAO scope expansion, adoption barriers, and operational governance challenges. Created entity pages for Salmon Wallet (company) and the fundraise decision market." --- ## Launch Details @@ -215,3 +220,12 @@ Secondary: - Launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF - Operates own Solana validator for transparent revenue - Listed on Solana wallet adapter since 2022 + + +## Key Facts +- Salmon Wallet active since 2022, listed on Solana wallet adapter +- Prior funding: $80K bootstrap (2022), $42.5K grants (Serum $2.5K, Eclipse $40K) +- Operates own Solana validator for transparent revenue +- Futardio raise: $97,535/$375,000 (26%), refunded after 1 day +- Planned budget: $25K/month burn (Team 73%, Infrastructure 17%, Growth 8%, Governance/Legal 2%) +- Token: SAL (Salmon Token), mint: DDPW4sZT9GsSb2mSfY9Yi9EBZGnBQ2LvvJTXCpnLmeta