diff --git a/entities/internet-finance/fitbyte.md b/entities/internet-finance/fitbyte.md new file mode 100644 index 00000000..37633ea6 --- /dev/null +++ b/entities/internet-finance/fitbyte.md @@ -0,0 +1,29 @@ +--- +type: entity +entity_type: company +name: "FitByte" +domain: internet-finance +status: failed +platform: "futardio" +launch_date: 2026-02-26 +funding_target: "$500,000" +total_committed: "$23" +outcome: "refunding" +tracked_by: rio +created: 2026-03-11 +--- + +# FitByte + +FitByte was a health and fitness protocol built on Solana that proposed a workout-to-earn model combined with sovereign health data ownership and a marketplace for users to monetize their health data with researchers and clinical trial operators. The project raised through MetaDAO's Unruggable ICO platform (Futardio) but failed to reach its funding target. + +## Timeline + +- **2026-02-26** — Launched fundraise on Futardio with $500,000 target +- **2026-02-27** — Fundraise closed with only $23 committed, entered refunding status + +## Relationship to KB + +- [[futardio]] — launch platform +- [[MetaDAO]] — parent organization providing unruggable ICO infrastructure +- Example of failed futarchy-governed fundraise demonstrating market rejection despite aligned mechanism design \ No newline at end of file diff --git a/entities/internet-finance/futardio-launch-fitbyte.md b/entities/internet-finance/futardio-launch-fitbyte.md new file mode 100644 index 00000000..6477622e --- /dev/null +++ b/entities/internet-finance/futardio-launch-fitbyte.md @@ -0,0 +1,46 @@ +--- +type: entity +entity_type: decision_market +name: "Futardio: FitByte Fundraise" +domain: internet-finance +status: failed +parent_entity: "[[futardio]]" +platform: "futardio" +proposer: "FitByte team" +proposal_url: "https://www.futard.io/launch/8AsLQuzVHwAjiQa9pkgoPHkEy523X7gQYs9zJfMtiqi2" +proposal_date: 2026-02-26 +resolution_date: 2026-02-27 +category: "fundraise" +summary: "Health and fitness protocol combining workout-to-earn with sovereign health data marketplace" +funding_target: "$500,000" +total_committed: "$23" +outcome: "refunding" +tracked_by: rio +created: 2026-03-11 +--- + +# Futardio: FitByte Fundraise + +## Summary + +FitByte proposed a Solana-based health protocol combining workout-to-earn token rewards with user-owned health data and a marketplace for monetizing that data with researchers and clinical trial operators. The project launched through MetaDAO's Unruggable ICO platform with a $500,000 funding target but attracted only $23 in commitments before closing and entering refunding status after one day. + +## Market Data + +- **Outcome:** Failed (refunding) +- **Funding Target:** $500,000 +- **Total Committed:** $23 +- **Launch Date:** 2026-02-26 +- **Close Date:** 2026-02-27 +- **Commitment Rate:** 0.0046% + +## Significance + +This represents one of the most decisive market rejections on the Futardio platform despite the project's alignment with stated platform values (user sovereignty, transparent governance, anti-rug mechanisms). The failure suggests that mechanism design alignment and governance structure are insufficient to overcome fundamental market skepticism about project viability or team credibility. The near-zero commitment level ($23 on a $500K target) indicates the market priced this as non-viable from launch rather than a close decision that narrowly failed. + +## Relationship to KB + +- [[futardio]] — launch platform +- [[MetaDAO]] — parent organization +- [[fitbyte]] — project entity +- Demonstrates limits of [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]] when underlying project lacks credibility \ No newline at end of file diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e101..d6b29229 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 +- **2026-02-26** — [[futardio-launch-fitbyte]] failed: FitByte health protocol fundraise attracted only $23 of $500K target, entered refunding status after one day ## 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/inbox/archive/2026-02-26-futardio-launch-fitbyte.md b/inbox/archive/2026-02-26-futardio-launch-fitbyte.md index 66c8ba89..da32e07b 100644 --- a/inbox/archive/2026-02-26-futardio-launch-fitbyte.md +++ b/inbox/archive/2026-02-26-futardio-launch-fitbyte.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/8AsLQuzVHwAjiQa9pkgoPHkEy523X7gQYs9zJfMtiqi2" date: 2026-02-26 domain: internet-finance format: data -status: unprocessed +status: processed tags: [futardio, metadao, futarchy, solana] event_type: launch +processed_by: rio +processed_date: 2026-03-11 +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "Source is a failed Futardio fundraise launch. No novel claims extractable — this is purely factual entity data. The failure is significant as a data point (extreme market rejection despite mechanism alignment) but does not generate new arguable propositions beyond what existing claims already cover about futarchy-governed fundraising. Created entity pages for FitByte company and the decision market, plus timeline entry on Futardio parent entity." --- ## Launch Details @@ -99,3 +103,11 @@ MetaDAO's Unruggable ICO model enforces what most projects only claim. Raise pro - Token mint: `6GFCEfiaBpX21D7vUe7LvHJXjNuc9q3e5nRwUz1Wmeta` - Version: v0.7 - Closed: 2026-02-27 + + +## Key Facts +- FitByte launched on Futardio 2026-02-26 with $500K target +- FitByte raised only $23 before closing 2026-02-27 +- FitByte token: 6GF, mint address: 6GFCEfiaBpX21D7vUe7LvHJXjNuc9q3e5nRwUz1Wmeta +- FitByte launch address: 8AsLQuzVHwAjiQa9pkgoPHkEy523X7gQYs9zJfMtiqi2 +- FitByte website listed as henry.com (likely placeholder or error)