rio: extract from 2026-02-26-futardio-launch-fitbyte.md

- Source: inbox/archive/2026-02-26-futardio-launch-fitbyte.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 4)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/fitbyte-futardio-launch.md

@@ -0,0 +1,49 @@
+---
+type: entity
+entity_type: decision_market
+name: "FitByte: Futardio Fundraise"
+domain: internet-finance
+status: failed
+parent_entity: "[[fitbyte]]"
+platform: "futardio"
+proposal_url: "https://www.futard.io/launch/8AsLQuzVHwAjiQa9pkgoPHkEy523X7gQYs9zJfMtiqi2"
+proposal_date: 2026-02-26
+resolution_date: 2026-02-27
+category: "fundraise"
+summary: "Health data sovereignty protocol attempting $500K raise through futarchy-governed ICO"
+funding_target: "$500,000"
+total_committed: "$23"
+token_symbol: "6GF"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# FitByte: Futardio Fundraise
+
+## Summary
+
+FitByte attempted to raise $500,000 through Futardio's unruggable ICO mechanism for a health and fitness protocol combining workout-to-earn mechanics with health data sovereignty. The project positioned itself as returning value and control to users who generate health data, with a marketplace for consented data sharing with researchers and clinical trial operators. The fundraise failed catastrophically, raising only $23 (0.005% of target) before closing in refunding status after one day.
+
+## Market Data
+
+- **Outcome:** Failed (refunding)
+- **Target:** $500,000
+- **Raised:** $23
+- **Duration:** 1 day (2026-02-26 to 2026-02-27)
+- **Token:** 6GF
+- **Platform:** Futardio v0.7
+
+## Significance
+
+This represents one of the most severe capital rejection events on the Futardio platform, with a raise-to-target ratio of 0.005%. The failure suggests either fundamental skepticism about the health data sovereignty thesis, execution concerns about the team, or market saturation in the workout-to-earn category following previous failures in the space.
+
+The project's explicit alignment with MetaDAO's unruggable ICO principles (treasury governance, IP ownership by DAO LLC, performance-gated founder unlocks) was insufficient to attract capital, indicating that governance structure alone cannot overcome product-market fit concerns.
+
+Notably, the project's website link (henry.com) appears to be a placeholder or error, suggesting incomplete launch preparation that may have contributed to investor skepticism.
+
+## Relationship to KB
+
+- [[futardio]] — launch platform
+- [[MetaDAO]] — governance infrastructure
+- [[fitbyte]] — parent entity
+- Demonstrates that [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]] does not guarantee capital attraction when fundamentals are weak

entities/internet-finance/fitbyte.md

@@ -0,0 +1,32 @@
+---
+type: entity
+entity_type: company
+name: "FitByte"
+domain: internet-finance
+status: failed
+platform: "futardio"
+funding_target: "$500,000"
+total_raised: "$23"
+launch_date: 2026-02-26
+close_date: 2026-02-27
+outcome: "refunding"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# FitByte
+
+FitByte was a health and fitness protocol built on Solana that attempted to combine workout-to-earn mechanics with health data sovereignty and monetization. The project raised through MetaDAO's futarchy-governed ICO platform (Futardio) but failed to attract capital, raising only $23 against a $500,000 target before entering refunding status.
+
+The project's value proposition centered on four pillars: workout-to-earn token rewards tied to verified physical activity, user-owned health data with full sovereignty guarantees, a marketplace for users to sell consented health data to researchers and clinical trial operators, and broader health ecosystem integration connecting wearables and healthcare providers.
+
+## Timeline
+
+- **2026-02-26** — [[fitbyte-futardio-launch]] launched on Futardio with $500K target
+- **2026-02-27** — Fundraise closed in refunding status with $23 raised (0.005% of target)
+
+## Relationship to KB
+
+- [[futardio]] — launch platform
+- [[MetaDAO]] — governance infrastructure provider
+- Failed to demonstrate product-market fit for health data sovereignty thesis despite alignment with [[Living Capital]] principles around user ownership

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: "Failed fundraise with trivial capital raised. No novel claims extractable — the failure itself is the data point. Created entity pages for FitByte company and its fundraise decision_market to document the outcome. The project's four-pillar value proposition (workout-to-earn, data sovereignty, data marketplace, ecosystem integration) is standard health-tech positioning without novel mechanism insight. The catastrophic failure rate (0.005%) is notable as a data point about futarchy-governed fundraising outcomes but does not generate new claims about the mechanism itself."
 ---
 
 ## Launch Details
@@ -99,3 +103,10 @@ 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 raised $23 against $500K target (0.005% success rate) on Futardio (2026-02-26 to 2026-02-27)
+- FitByte token symbol: 6GF
+- FitByte launch address: 8AsLQuzVHwAjiQa9pkgoPHkEy523X7gQYs9zJfMtiqi2
+- FitByte website listed as henry.com (likely placeholder/error)