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rio: extract from 2026-03-03-futardio-launch-salmon-wallet.md

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- Source: inbox/archive/2026-03-03-futardio-launch-salmon-wallet.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 6)

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entities/internet-finance/futardio.md
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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** — [[salmon-wallet-futardio-fundraise]] failed: established wallet project raised only $97,535/$375,000 before refunding, first observed operational software infrastructure fundraise on platform
## 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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entities/internet-finance/salmon-wallet-futardio-fundraise.md Normal file
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@ -0,0 +1,46 @@
---
type: entity
entity_type: decision_market
name: "Salmon Wallet: Futardio Fundraise"
domain: internet-finance
status: failed
parent_entity: "[[salmon-wallet]]"
platform: "futardio"
proposal_url: "https://www.futard.io/launch/Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
proposal_date: 2026-03-03
resolution_date: 2026-03-04
category: "fundraise"
summary: "Open-source wallet seeking $375K for 12-month operational runway through futarchy-governed raise"
key_metrics:
raise_target: "$375,000"
total_committed: "$97,535"
oversubscription_ratio: 0.26
monthly_burn_rate: "$25,000"
planned_runway_months: 12
token_ticker: "SAL"
launch_address: "Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
tracked_by: rio
created: 2026-03-11
---
# Salmon Wallet: Futardio Fundraise
## Summary
Salmon Wallet, an established open-source self-custodial wallet active since 2022, attempted to raise $375,000 through MetaDAO's futarchy platform for a 12-month operational runway. Despite legitimate project history ($122.5K prior funding, listed on Solana wallet adapter, operates own validator), the raise attracted only $97,535 (26% of target) before entering refunding status after one day.
## Market Data
- **Outcome:** Failed (refunding)
- **Raise Target:** $375,000
- **Total Committed:** $97,535
- **Duration:** 2026-03-03 to 2026-03-04 (1 day)
- **Token:** SAL (Salmon Token)
- **Planned Use:** 73% team ($18,300/mo), 17% infrastructure ($4,200/mo), 8% growth ($2,000/mo), 2% governance/legal ($500/mo)
## Significance
First observed futarchy-governed fundraise for operational wallet infrastructure on MetaDAO platform. The failed raise provides empirical evidence of futarchy adoption friction extending beyond pure capital allocation vehicles to operational software projects. Despite credible team history and detailed operational planning (12-month roadmap with quarterly milestones, structured budget breakdown, existing product with users), the project failed to attract sufficient capital through the futarchy mechanism. This suggests prediction market pricing may not effectively translate traditional VC evaluation criteria (team track record, product-market fit, technical execution capability) into funding decisions for operational software infrastructure.
## Relationship to KB
- [[salmon-wallet]] — parent entity
- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical confirmation
- [[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]] — demonstrates platform scope expansion attempt
- [[futardio]] — platform

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entities/internet-finance/salmon-wallet.md Normal file
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@ -0,0 +1,46 @@
---
type: entity
entity_type: company
name: "Salmon Wallet"
domain: internet-finance
status: active
founded: 2022
key_people:
- role: "team"
name: "undisclosed"
key_metrics:
bootstrap_funding: "$80,000"
grant_funding: "$42,500"
futarchy_raise_target: "$375,000"
futarchy_raise_actual: "$97,535"
monthly_burn_rate: "$25,000"
platforms:
- "Solana"
- "Bitcoin"
website: "https://salmonwallet.io/"
social:
twitter: "https://x.com/salmonwallet"
telegram: "https://t.me/salmon_wallet"
github: "https://github.com/salmon-wallet"
tracked_by: rio
created: 2026-03-11
---
# Salmon Wallet
Open-source, self-custodial cryptocurrency wallet built primarily on Solana with Bitcoin support. Active since 2022, listed on Solana wallet adapter. Operates own Solana validator for transparent revenue. Attempted futarchy-governed fundraise on MetaDAO platform in March 2026 seeking $375K for 12-month operational runway but failed to reach target, raising only $97,535 before refunding.
## Timeline
- **2022** — Project founded, listed on Solana wallet adapter
- **2022** — Bootstrapped $80K initial funding
- **2022-2024** — Received $42.5K in grants (Serum: $2.5K, Eclipse: $40K)
- **2026-03-03** — Launched futarchy-governed fundraise on futard.io seeking $375K
- **2026-03-04** — Fundraise closed in refunding status after raising $97,535 (26% of target)
- **2026-03-03** — [[salmon-wallet-futardio-fundraise]] launched seeking $375K for 12-month runway
- **2026-03-04** — Fundraise failed, entered refunding status after raising only $97,535 (26% of target)
## Relationship to KB
- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical case of futarchy friction for operational software
- [[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]] — demonstrates platform scope expansion to operational software
- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — operational budget structure mirrors traditional software companies
- [[futardio]] — platform used for fundraise attempt

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inbox/archive/2026-03-03-futardio-launch-salmon-wallet.md
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@ -6,7 +6,7 @@ url: "https://www.futard.io/launch/Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF"
date: 2026-03-03
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: 2026-03-11
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", "futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "First observed futarchy-governed wallet infrastructure project on MetaDAO platform. Failed raise provides empirical data on futarchy adoption friction for operational software vs pure capital allocation vehicles. Enriches existing claims about MetaDAO scope expansion, adoption barriers, and operational governance challenges."
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", "futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "First observed futarchy-governed wallet infrastructure project on MetaDAO platform. Failed raise provides empirical data on futarchy adoption friction for operational software vs pure capital allocation vehicles. No new claims warranted — all insights enrich existing claims about MetaDAO scope expansion, adoption barriers, and operational governance challenges. Created two new entities: Salmon Wallet (company) and the fundraise decision market. Updated futardio timeline."
---
## Launch Details
@ -215,3 +220,14 @@ Secondary:
- Launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
- Operates own Solana validator for transparent revenue
- Listed on Solana wallet adapter since 2022
## Key Facts
- Salmon Wallet active since 2022, listed on Solana wallet adapter
- Prior funding: $80K bootstrap + $42.5K grants (Serum $2.5K, Eclipse $40K)
- Futarchy raise target: $375,000 for 12-month runway at $25K/month burn
- Actual raise: $97,535 (26% of target) before refunding
- Planned allocation: 73% team, 17% infrastructure, 8% growth, 2% governance/legal
- Token: SAL (Salmon Token)
- Launch address: Aakx1gdDoNQYqiv5uoqdXx56mGr6AbZh73SWpxHrk2qF
- Operates own Solana validator for revenue