rio: extract from 2026-03-03-futardio-launch-mycorealms.md

- Source: inbox/archive/2026-03-03-futardio-launch-mycorealms.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 5)

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@ -53,6 +53,12 @@ Autocrat is MetaDAO's core governance program on Solana -- the on-chain implemen
**Limitations.** [[MetaDAOs futarchy implementation shows limited trading volume in uncontested decisions]] -- when proposals are clearly good or clearly bad, few traders participate because the expected profit from trading in a consensus market is near zero. This is a structural feature, not a bug: contested decisions get more participation precisely because they're uncertain, which is when you most need information aggregation. But it does mean uncontested proposals can pass or fail with very thin markets, making the TWAP potentially noisy.
### Additional Evidence (extend)
*Source: [[2026-03-03-futardio-launch-mycorealms]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5*
(extend) MycoRealms planned to use Autocrat for CAPEX governance in physical infrastructure (2026-03-03). First proposal would have been $50K infrastructure withdrawal requiring conditional market passage. Team had $10K monthly operational allowance but required futarchy approval for capital expenditures beyond allowance. All operational data (invoices, expenses, harvest records, photos) would be published via Arweave for market participants to evaluate proposals against actual performance metrics (temperature, humidity, CO2, yield). This demonstrates Autocrat's potential application beyond digital-native operations to physical infrastructure with measurable operational variables. Raise ultimately failed to meet funding target, so Autocrat deployment was not executed, but structural design was prepared.
---
Relevant Notes:

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@ -0,0 +1,48 @@
---
type: claim
domain: internet-finance
description: "Futarchy governance extended to physical infrastructure through market-controlled capital deployment with transparent operational metrics"
confidence: experimental
source: "MycoRealms launch documentation, Futardio platform, 2026-03-03"
created: 2026-03-11
---
# MycoRealms demonstrates futarchy-governed physical infrastructure through market-controlled CAPEX deployment with measurable operational variables
MycoRealms attempted to raise $200,000 to build a climate-controlled mushroom production facility governed entirely through MetaDAO's futarchy system. The project raised $158,067 before the 24-hour window closed without reaching target, triggering full refunds. However, the structural design demonstrates futarchy extending beyond digital-native operations into physical infrastructure with concrete, measurable operational variables.
## Governance Structure
The project separated operational allowance ($10,000/month) from capital expenditures. Any spending beyond the monthly allowance required passage through conditional token markets where traders bet on pass/fail outcomes based on expected token price impact. The team could not access treasury funds directly—all major expenditures required market approval.
The first planned proposal would have been a $50,000 CAPEX withdrawal for infrastructure construction (accommodation, 3 growing rooms with climate control, DG set, base construction). This proposal would have required conditional market passage before funds deployed.
## Measurable Operational Variables
Unlike purely digital operations, mushroom farming has concrete metrics that markets can evaluate: temperature, humidity, CO2 levels, yield per room, crop cycle timing, input costs, and wholesale commitments. MycoRealms committed to publishing all invoices, expenses, harvest records, and operational photos on a public ledger via Arweave, creating full transparency for market participants to evaluate proposals against actual performance.
This transparency mechanism enables markets to calibrate predictions against real operational data rather than abstract governance quality.
## Team Incentive Alignment
The project implemented performance-based team token allocation: 3M tokens locked at launch with five tranches unlocking at 2x, 4x, 8x, 16x, and 32x ICO price, evaluated via 3-month TWAP with 18-month minimum cliff. At launch, zero team tokens circulated. If the token never reached 2x, the team received nothing. This structure created long-term alignment without initial dilution and tied team compensation directly to market-validated performance.
## Why the Raise Failed
The project failed to reach its $200K target within the 24-hour window, triggering automatic refunds. This failure may indicate market skepticism about either the project's viability or futarchy's applicability to physical operations. However, the structural design—performance-based team tokens, transparent operational reporting, market-controlled CAPEX—provides a template for future attempts at futarchy-governed real-world infrastructure.
## Significance
This represents the first documented attempt to govern physical agricultural infrastructure through futarchy markets. The separation of operational allowance from capital deployment creates a governance structure where the team operates within defined parameters but requires market approval for scaling decisions. The measurable nature of agricultural operations (crop cycles, yield, input costs) makes them more suitable for market-based governance than purely digital operations where causality is harder to establish.
---
Relevant Notes:
- [[MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window.md]]
- [[performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution.md]]
- [[futarchy-enables-conditional-ownership-coins.md]]
- [[futarchy-excels-at-relative-selection-but-fails-at-absolute-prediction-because-ordinal-ranking-works-while-cardinal-estimation-requires-calibration.md]]
Topics:
- [[domains/internet-finance/_map]]
- [[core/mechanisms/_map]]

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@ -41,6 +41,12 @@ This structure is untested in practice. Key risks:
- 18-month cliff may be too long for early-stage projects with high burn rates, creating team retention risk
- No precedent for whether TWAP-based triggers actually prevent manipulation in low-liquidity token markets
### Additional Evidence (confirm)
*Source: [[2026-03-03-futardio-launch-mycorealms]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5*
(confirm) MycoRealms implemented 3M team tokens locked at launch with five tranches unlocking at 2x, 4x, 8x, 16x, and 32x ICO price, evaluated via 3-month TWAP with 18-month minimum cliff. At launch, zero team tokens circulated. If token never reached 2x, team received nothing. This structure was part of a $200K raise attempt for physical mushroom farm infrastructure (2026-03-03), demonstrating performance-based vesting extending beyond digital operations into real-world asset projects. Raise failed to meet target, but token structure remained intact as designed.
---
Relevant Notes:

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@ -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** — MycoRealms launch: first futarchy-governed physical infrastructure project (mushroom farm) raised $158,067 of $200K target; failed to meet threshold in 24-hour window, triggering refunds
## 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."

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@ -0,0 +1,42 @@
---
type: entity
entity_type: company
name: "MycoRealms"
domain: internet-finance
status: failed
website: "https://mycorealms.com"
twitter: "https://x.com/mycorealms"
telegram: "https://t.me/+F684wVS-F0oyNzE1"
founded: 2025
key_metrics:
raise_target: "$200,000"
total_committed: "$158,067"
raise_outcome: "refunded"
token_supply: "15.9M max (12.9M circulating at launch)"
ico_allocation: "10M tokens (62.9%)"
liquidity_allocation: "2.9M tokens (18.2%)"
team_allocation: "3M tokens (18.9%)"
monthly_allowance: "$10,000"
tracked_by: rio
created: 2026-03-11
---
# MycoRealms
MycoRealms attempted to build the first futarchy-governed agricultural operation — a climate-controlled mushroom production facility where all major capital expenditures would require approval through MetaDAO's conditional token markets. The project raised $158,067 toward a $200,000 target on Futardio but failed to meet the threshold within the 24-hour window, triggering full refunds.
The governance structure separated operational allowance ($10K/month) from capital deployment, requiring any CAPEX beyond the allowance to pass through decision markets. Team tokens (3M) were locked with performance-based unlocks at 2x/4x/8x/16x/32x price multiples evaluated via 3-month TWAP with 18-month minimum cliff. All operational data would have been published via Arweave for transparent market evaluation.
## Timeline
- **2025** — Team preparation: internship at ICAR-DMR Solan (India's national mushroom research institute), hands-on work in commercial farms, market research, vendor quotations, verbal commitments from 15+ wholesalers
- **2026-03-03** — Futardio launch: raised $158,067 of $200,000 target in 24-hour window
- **2026-03-04** — Raise closed with REFUNDING status; failed to meet target, full refunds issued
## Relationship to KB
MycoRealms represents the first attempt to apply futarchy governance to physical infrastructure with measurable operational variables (temperature, humidity, CO2, yield). The project's failure to reach its funding target may indicate market skepticism about futarchy's applicability to real-world operations, but the structural design provides a template for future attempts at market-governed physical infrastructure.
- [[myco-realms-demonstrates-futarchy-governed-physical-infrastructure-through-125k-mushroom-farm-raise-with-market-controlled-capex-deployment]] — analysis of governance structure and significance
- [[futardio]] — launch platform
- [[MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window]] — governance mechanism

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@ -6,9 +6,15 @@ url: "https://www.futard.io/launch/A88sGec3GcVfyRXNXr9DyWN6wNEwSaCqeyzrmmakKFqf"
date: 2026-03-03
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
claims_extracted: ["mycoralms-futarchy-governed-mushroom-farm-demonstrates-market-controlled-capex-deployment-for-physical-infrastructure.md"]
enrichments_applied: ["performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution.md", "MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "First attempt at futarchy-governed physical infrastructure. Raise failed but provides valuable template for market-controlled CAPEX deployment in real-world operations. Team structure and performance-based vesting demonstrate alignment mechanisms extending beyond digital-native projects. Significance lies in governance design rather than execution outcome."
---
## Launch Details
@ -194,3 +200,13 @@ _Note: MycoRealms is not a financial product. $MYCO tokens represent governance
- Token mint: `6A5hGMwsg7ACDGRa1hWVGtEMnxdT1oAGHB8hb3jCmeta`
- Version: v0.7
- Closed: 2026-03-04
## Key Facts
- MycoRealms team: crypticmeta (blockchain developer, previously built OrdinalNovus with $30M trading volume) and Ram (5+ years commercial mushroom production)
- Planned infrastructure: 3 growing rooms with PUF insulation and automated climate control, DG set, accommodation
- Revenue model: button mushroom production (fast crop cycles, multiple per year), planned expansion to medicinal mushrooms and export
- Market commitments: verbal commitments from 15+ wholesalers
- Token mint address: 6A5hGMwsg7ACDGRa1hWVGtEMnxdT1oAGHB8hb3jCmeta
- Launch address: A88sGec3GcVfyRXNXr9DyWN6wNEwSaCqeyzrmmakKFqf
- Liquidity structure: 2M tokens on Futarchy AMM, 900K tokens on Meteora pool, 20% of funds raised ($40K) paired with LP tokens