diff --git a/entities/internet-finance/etnlio.md b/entities/internet-finance/etnlio.md new file mode 100644 index 000000000..bf50d2b33 --- /dev/null +++ b/entities/internet-finance/etnlio.md @@ -0,0 +1,30 @@ +--- +type: entity +entity_type: company +name: "Etnl.io" +domain: internet-finance +status: failed +website: "https://etnl.io" +twitter: "https://x.com/etnl_io" +telegram: "https://t.me/etnlio" +tracked_by: rio +created: 2026-03-11 +key_metrics: + futardio_raise_target: "$500,000" + futardio_raise_committed: "$96" + monthly_team_budget: "$30,000" + raise_success_rate: "0.019%" +--- + +# Etnl.io + +Etnl.io is a mobile self-custody wallet project that attempted to raise capital through Futardio's futarchy-governed platform. The project proposed hardware-level security through Secure Enclave integration without requiring external hardware devices. Despite complete documentation, clear use of funds, and coherent product narrative, the raise failed to attract meaningful participation, raising only $96 against a $500,000 minimum target before entering refunding status within 24 hours. + +## Timeline +- **2026-03-09** — Futardio raise launched: $500K target, Secure Enclave-based mobile wallet, $30K/month team budget +- **2026-03-10** — Raise closed in refunding status with $96 committed (0.019% of target) + +## Relationship to KB +- [[futardio]] — fundraising platform +- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical evidence of adoption barriers +- [[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]] — challenges scale claim diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e1019..dbadb1f53 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 +- **2026-03-09** — Etnl.io raise launched: $500K target for Secure Enclave mobile wallet, failed with $96 committed (0.019%), refunded 2026-03-10 ## 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/2026-03-09-futardio-launch-etnlio.md b/inbox/archive/2026-03-09-futardio-launch-etnlio.md index d414f2f04..6f10dff17 100644 --- a/inbox/archive/2026-03-09-futardio-launch-etnlio.md +++ b/inbox/archive/2026-03-09-futardio-launch-etnlio.md @@ -6,7 +6,7 @@ url: "https://www.futard.io/launch/4oiZeLhoDB9jGTFd28kJDKBYheL1Yg1XwR3qPTa69Rx9" date: 2026-03-09 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: 2026-03-10 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", "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: "First documented failed raise on Futardio platform. No new claims warranted—this is empirical evidence of existing friction claims (liquidity requirements, adoption barriers) and challenges optimistic claims about MetaDAO's product-market fit and capital formation speed. The failure is particularly notable because the project had complete documentation, clear use of funds, and a coherent product narrative, suggesting the barrier is market liquidity/participation rather than project quality or information asymmetry." +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", "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: "First documented failed raise on Futardio platform with substantive project. No new claims warranted—this is empirical evidence confirming existing friction claims (liquidity requirements, adoption barriers) and challenging optimistic claims about MetaDAO's product-market fit and capital formation speed. The failure is particularly significant because the project had complete documentation, clear use of funds, coherent product narrative, and defined market positioning, suggesting the barrier is market liquidity/participation rather than project quality or information asymmetry. Created entity page for Etnl.io as it represents significant data point for futarchy adoption analysis despite raise failure." --- ## Launch Details @@ -68,6 +73,15 @@ The self-custody wallet market is growing rapidly as users move away from centra - Closed: 2026-03-10 +## Key Facts +- Etnl.io Futardio raise: $500,000 target, $96 committed, refunding status (2026-03-09 to 2026-03-10) +- Etnl.io product: Secure Enclave-based mobile wallet with hardware-level security +- Etnl.io team budget: $30,000/month +- Launch address: 4oiZeLhoDB9jGTFd28kJDKBYheL1Yg1XwR3qPTa69Rx9 +- Token: 64S, mint: 64SnHgEfSdzpnmHEhh2niN8bcAjmhTyEQky2DKWBmeta +- Futardio platform version: v0.7 + + ## Key Facts - Etnl.io Futardio raise: $500,000 target, $96 committed, refunding status (2026-03-09 to 2026-03-10) - Etnl.io product: Secure Enclave-based mobile wallet with hardware-level security