diff --git a/entities/internet-finance/fitbyte.md b/entities/internet-finance/fitbyte.md new file mode 100644 index 00000000..4f49f14f --- /dev/null +++ b/entities/internet-finance/fitbyte.md @@ -0,0 +1,37 @@ +--- +type: entity +entity_type: company +name: "FitByte" +domain: internet-finance +status: failed +founded: 2026 +platform: "Solana" +parent_platform: "[[metadao]]" +tracked_by: rio +created: 2026-03-11 +key_metrics: + raise_target: "$500,000" + total_committed: "$23" + launch_date: "2026-02-26" + close_date: "2026-02-27" + outcome: "refunding" + token_symbol: "6GF" +--- + +# FitByte + +Health and fitness protocol on Solana that proposed workout-to-earn mechanics combined with user-owned health data monetization. Launched through MetaDAO's futarchy-governed ICO platform seeking $500K but attracted only $23 in commitments before entering refund status after one day. + +The project positioned itself as solving both the sustainability problem of move-to-earn protocols (by grounding rewards in verifiable physical activity) and the health data exploitation problem (by giving users sovereign ownership and monetization rights over their biometric data). + +## Timeline + +- **2026-02-26** — Launched futarchy-governed fundraise on Futardio targeting $500K for health data sovereignty protocol +- **2026-02-27** — Fundraise closed in refunding status with $23 total committed (0.0046% of target) + +## Relationship to KB + +- [[metadao]] — launched through MetaDAO's unruggable ICO platform +- [[futardio]] — fundraising platform used +- Represents a failed test of futarchy-governed fundraising for consumer health applications +- Demonstrates market rejection despite alignment with stated crypto values (data sovereignty, user ownership) diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e101..40b2d2d8 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 +- **2026-02-26** — [[fitbyte]] health protocol launched fundraise, closed next day with $23/$500K (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/2026-02-26-futardio-launch-fitbyte.md b/inbox/archive/2026-02-26-futardio-launch-fitbyte.md index 66c8ba89..b402df6b 100644 --- a/inbox/archive/2026-02-26-futardio-launch-fitbyte.md +++ b/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: "FitByte launch is a factual event (failed fundraise) with no novel claims about mechanisms or market dynamics. The pitch document contains standard rhetoric about data sovereignty and move-to-earn sustainability but presents no evidence or novel argumentation beyond positioning statements. Entity significance threshold met (launched on major platform, represents futarchy fundraise outcome data point) despite trivial capital raised. No claims extracted because: (1) pitch philosophy is marketing copy not evidenced argument, (2) failure provides no mechanism insight beyond what existing futarchy-variance claim already covers, (3) no novel structural observations about health data markets or tokenomics beyond generic positioning." --- ## Launch Details @@ -99,3 +103,11 @@ 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 launched 2026-02-26 on Futardio seeking $500K +- FitByte closed 2026-02-27 with $23 committed (0.0046% of target) +- FitByte token symbol: 6GF +- FitByte proposed workout-to-earn + health data monetization model +- Global health data market valued in hundreds of billions (per FitByte pitch)