diff --git a/entities/internet-finance/etnlio.md b/entities/internet-finance/etnlio.md new file mode 100644 index 00000000..f7fbb8d8 --- /dev/null +++ b/entities/internet-finance/etnlio.md @@ -0,0 +1,33 @@ +--- +type: entity +entity_type: company +name: "Etnl.io" +domain: internet-finance +status: fundraising_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_burn: "$30,000" + raise_duration: "24 hours" +--- + +# Etnl.io + +Etnl.io is a mobile wallet project focused on hardware-level security through Secure Enclave integration. The project attempted to raise $500,000 through Futardio in March 2026 but failed to reach minimum threshold, becoming the first documented failed raise on the platform. + +## Timeline +- **2026-03-09** — Launched Futardio raise targeting $500,000 with $30K/month team budget for Secure Enclave mobile wallet development +- **2026-03-10** — Raise entered refunding status after raising only $96 (0.019% of target) + +## Product +ETNL positions itself as next-generation mobile self-custody, leveraging smartphone Secure Enclaves and biometric systems to generate and store cryptographic keys entirely on-device. Architecture includes continuous integrity verification, authenticated software updates, and on-device transaction simulation. Target market: crypto-native users and institutional-leaning individuals seeking hardware-grade security without external devices. + +## Relationship to KB +- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — first documented Futardio failure provides 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 claim about platform achieving scale +- [[futardio]] — failed raise on this platform \ No newline at end of file diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e101..6674d03d 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** — First documented failed raise: [[etnlio]] raised $96 of $500K target before refunding ## 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 d414f2f0..c3d41739 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. 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. Created entity page for Etnl.io as it represents significant data point (attempted real capital raise with professional presentation) even though outcome was 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