diff --git a/entities/internet-finance/cloak.md b/entities/internet-finance/cloak.md new file mode 100644 index 00000000..1ae6fa34 --- /dev/null +++ b/entities/internet-finance/cloak.md @@ -0,0 +1,37 @@ +--- +type: entity +entity_type: company +name: "Cloak" +domain: internet-finance +status: failed +founded: 2026 +platform: "Solana" +key_metrics: + raise_target: "$300,000" + total_committed: "$1,455" + raise_outcome: "refunded" + token_symbol: "8RS" + ico_price: "$0.03" + fdv_at_launch: "$477,000" + total_supply: "15,900,000" + circulating_at_launch: "12,900,000" +tracked_by: rio +created: 2026-03-11 +--- + +# Cloak + +Cloak is a privacy DCA (dollar-cost averaging) protocol on Solana that enables users to accumulate assets anonymously through ZK-proof privacy pools. The protocol routes trades through unlinkable session wallets to break the on-chain link between user wallets and trading strategies. + +Built during the Solana Cypherpunk Hackathon by co-founders Vaibhav (CoinDCX engineer, PermaSign co-founder) and Prasad (Stealth founding engineer, PermaSign co-founder). The protocol integrates Privacy.cash ZK-proof pools with Jupiter for execution, supporting private DCA into SOL, cbBTC, and ZEC. First RWA integration with Oro (tokenized gold) positioned Cloak as the private distribution layer for real-world assets on Solana. + +## Timeline +- **2026-03-03** — Futardio fundraise launched targeting $300K with 24-hour window. ICO offered 10M tokens at $0.03 ($477K FDV). Team allocation: 3M tokens performance-locked at 2x/4x/8x/16x/32x price multiples with 18-month cliff. Product live in private beta on mainnet with Solana Blinks support. +- **2026-03-04** — Fundraise closed with $1,455 committed (0.49% of target). Status: refunding. All funds returned to participants. + +## Relationship to KB +- [[futardio]] — launch platform +- [[MetaDAO]] — futarchy governance infrastructure +- [[Jupiter]] — DEX execution layer +- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — counter-example: serious utility product failed to attract capital through futarchy mechanism +- [[internet-capital-markets-compress-fundraising-timelines]] — 24-hour raise window demonstrates speed but not necessarily success \ No newline at end of file diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md index 3939e101..e0b0bab8 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 +- **2026-03-03** — [[cloak]] fundraise launched: $300K target, $1,455 committed (0.49%), refunded after 24-hour window. First major utility-focused project failure 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." diff --git a/inbox/archive/2026-03-03-futardio-launch-cloak.md b/inbox/archive/2026-03-03-futardio-launch-cloak.md index 9615b383..75effb9f 100644 --- a/inbox/archive/2026-03-03-futardio-launch-cloak.md +++ b/inbox/archive/2026-03-03-futardio-launch-cloak.md @@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/9MqyiXXJUAXQ1Uy5j2EV8hq21UeR3ruukWkZ1XGNhg3R" 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 +extraction_model: "anthropic/claude-sonnet-4.5" +extraction_notes: "Cloak fundraise is a significant data point as the first major utility-focused project failure on Futardio. Previous successful raises (CULT, MYCO) were either meme coins or physical infrastructure with clear tangible outputs. This suggests futarchy-governed launches may select for speculative/tangible projects over pure software utility. No novel claims extracted — the failure itself is the data point. Entity created to track this as a counter-example to the 'futarchy-governed-meme-coins-attract-speculative-capital-at-scale' pattern." --- ## Launch Details @@ -217,3 +221,14 @@ Worst case: the first and only private DCA product on Solana, used by whales who - Token mint: `8RSpKqJFeF6ipThWDXP284mE2ufmfeHwjdEjduQ2meta` - Version: v0.7 - Closed: 2026-03-04 + + +## Key Facts +- Cloak raised $1,455 of $300K target (0.49% success rate) on Futardio (2026-03-03) +- MEV extraction on Solana estimated at $370M-$500M over 16 months mid-2025 +- Privacy.cash provides ZK-proof privacy pools on Solana +- Cloak integrated Oro as first RWA (tokenized gold) for private DCA +- Team: Vaibhav (CoinDCX, PermaSign) and Prasad (Stealth, PermaSign) +- Product was live in private beta on mainnet at time of fundraise +- Token allocation: 62.9% ICO, 18.2% liquidity, 18.9% team (performance-locked) +- Team tokens unlock at 2x/4x/8x/16x/32x ICO price with 18-month minimum cliff