rio: extract from 2026-03-05-futardio-launch-torch-market.md
- Source: inbox/archive/2026-03-05-futardio-launch-torch-market.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
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@ -46,6 +46,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
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- **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
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- **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status
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- **2026-03-05** — [[torch-market-futardio-fundraise]] launched seeking $75,000, closed refunding status 2026-03-06
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## Competitive Position
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- **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees
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- **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/torch-market-futardio-fundraise.md
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entities/internet-finance/torch-market-futardio-fundraise.md
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---
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type: entity
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entity_type: decision_market
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name: "Torch Market: Futardio Fundraise"
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domain: internet-finance
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status: failed
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parent_entity: "[[torch-market]]"
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platform: "futardio"
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proposer: "mrsirg97-rgb"
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proposal_url: "https://www.futard.io/launch/5ocdHgwhMwVDzUbE7ctjdkBmP4fauPsVfb2mfUsSmhRD"
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proposal_date: 2026-03-05
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resolution_date: 2026-03-06
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category: "fundraise"
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summary: "Torch Market sought $75,000 for 6-month runway to fund marketing team and operations"
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funding_target: "$75,000"
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token_symbol: "5pF"
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token_mint: "5pFkSJ795Th3eAkvvm8KTc2Y2tFYj8gFCiSrVMjpmeta"
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tracked_by: rio
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created: 2026-03-11
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---
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# Torch Market: Futardio Fundraise
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## Summary
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Torch Market launched a futarchy-governed fundraise on Futardio seeking $75,000 to fund a 6-month runway. The budget breakdown included marketing team ($6,000/month for 2 people), founder salary ($3,000/month), infrastructure costs ($540-1,540/month for Helius RPC and frontend deployment), and $5,000 flat for bonding a new token on mainnet. The raise closed in refunding status after one day.
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## Market Data
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- **Outcome:** Failed (Refunding)
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- **Proposer:** mrsirg97-rgb
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- **Duration:** 1 day (2026-03-05 to 2026-03-06)
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- **Funding Target:** $75,000
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- **Total Committed:** Not disclosed
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## Significance
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This represents a typical early-stage DeFi protocol attempting to use futarchy-governed fundraising for operational capital. The project had technical credibility (formal verification, audit, live on mainnet) but failed to attract sufficient market confidence for the raise. The rapid closure suggests either insufficient marketing preparation or market skepticism about the value proposition relative to existing Solana DeFi protocols.
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## Relationship to KB
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- [[torch-market]] — parent entity
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- [[futardio]] — fundraising platform
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- [[MetaDAO]] — underlying futarchy infrastructure
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- Demonstrates futarchy-governed fundraising for operational capital (not just governance decisions)
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38
entities/internet-finance/torch-market.md
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entities/internet-finance/torch-market.md
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---
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type: entity
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entity_type: company
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name: "Torch Market"
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domain: internet-finance
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status: active
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website: "https://torch.market"
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twitter: "https://x.com/torch_market"
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founded: 2026
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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formal_verification: "48/48 kani proof harnesses"
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clawhub_downloads: "~4k"
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deployment: "devnet/mainnet"
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version: "3.7.10"
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---
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# Torch Market
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Torch Market is a DeFi protocol combining swap, lending, liquidation, and yield generation in a single on-chain protocol designed for both human and AI agent users. Built on Solana, the protocol is formally verified (48/48 kani proof harnesses) and has been audited. The protocol uses SPL token2022 primitives to enable governance and DeFi capabilities with non-extractive economics where all value flows back to the community.
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## Timeline
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- **2026-03-05** — [[torch-market-futardio-fundraise]] launched on Futardio seeking $75,000 for 6-month runway (marketing team, infrastructure, founder salary)
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- **2026-03-06** — Futardio fundraise closed with REFUNDING status
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## Relationship to KB
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- [[futardio]] — fundraising platform used
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- [[MetaDAO]] — futarchy governance infrastructure
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- Protocol demonstrates formally verified DeFi architecture with agent-first design philosophy
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## Resources
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- [Whitepaper](https://torch.market/whitepaper)
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- [Formal Verification](https://torch.market/verification.md)
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- [Audit](https://torch.market/audit.md)
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- [GitHub](https://github.com/mrsirg97-rgb)
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- [NPM SDK](https://www.npmjs.com/package/torchsdk)
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- [Clawhub Agent Skill](https://clawhub.ai/mrsirg97-rgb/torchmarket)
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@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/5ocdHgwhMwVDzUbE7ctjdkBmP4fauPsVfb2mfUsSmhRD"
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date: 2026-03-05
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domain: internet-finance
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format: data
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status: unprocessed
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status: processed
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tags: [futardio, metadao, futarchy, solana]
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event_type: launch
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processed_by: rio
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processed_date: 2026-03-11
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extraction_model: "anthropic/claude-sonnet-4.5"
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extraction_notes: "Source is a Futardio launch page for Torch Market fundraise. No novel claims about futarchy mechanisms or market dynamics — this is a standard failed fundraise. Created entity pages for Torch Market (company) and the fundraise decision market. Project has technical credibility (formal verification, audit, mainnet deployment) but failed to attract capital. Significance threshold met due to formal verification claims and agent-first design philosophy, though the fundraise itself failed quickly."
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---
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## Launch Details
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@ -68,3 +72,12 @@ total: 69k-70k + flat 5k = 70k-75k total
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- Token mint: `5pFkSJ795Th3eAkvvm8KTc2Y2tFYj8gFCiSrVMjpmeta`
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- Version: v0.7
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- Closed: 2026-03-06
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## Key Facts
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- Torch Market v3.7.10 live on Solana devnet/mainnet
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- 48/48 kani proof harnesses formally verify protocol math
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- ~4k downloads on Clawhub agent skill
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- Torch Market fundraise sought $75,000 for 6-month runway
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- Budget breakdown: $6k/month marketing team, $3k/month founder, $540-1,540/month infrastructure, $5k flat for token bonding
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- Fundraise closed refunding status after 1 day (2026-03-05 to 2026-03-06)
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