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)

Pentagon-Agent: Rio <HEADLESS>

domains/internet-finance/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

@@ -82,6 +82,12 @@ Futardio cult launch (2026-03-03 to 2026-03-04) demonstrates MetaDAO's platform
 
 (challenge) Areal's failed Futardio launch ($11,654 raised of $50K target, REFUNDING status) demonstrates that futarchy-governed fundraising does not guarantee capital formation success. The mechanism provides credible exit guarantees through market-governed liquidation and governance quality through conditional markets, but market participants still evaluate project fundamentals and team credibility. Futarchy reduces rug risk but does not eliminate market skepticism of unproven business models or early-stage teams.
 
+
+### Additional Evidence (extend)
+*Source: [[2026-03-03-futardio-launch-mycorealms]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5*
+
+(extend) MycoRealms launch (2026-03-03) extends MetaDAO's futarchy application from digital assets to physical infrastructure. Project structured as agricultural production facility with $10K monthly team allowance and all CAPEX requiring market approval. First planned proposal was $50K infrastructure deployment for growing rooms and climate control. Operations ledger publishing all invoices and harvest data to Arweave for market transparency. Raise achieved $158,067 in commitments but entered refunding after missing $200K target in 24-hour window. This case tests whether futarchy's decision-making advantages apply to real-world production coordination beyond digital asset allocation.
+
 ---
 
 Relevant Notes:

domains/internet-finance/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

@@ -53,12 +53,6 @@ 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:

domains/internet-finance/futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations.md

@@ -38,6 +38,12 @@ The new DAO parameters formalize the lesson: 120k USDC monthly spending limit (w
 - Mintable tokens introduce dilution risk that fixed-supply tokens avoid: if mint authority is misused, token holders face value extraction without recourse
 - Since [[futarchy is manipulation-resistant because attack attempts create profitable opportunities for defenders]], minting decisions are themselves governable through futarchy — but this only works if the DAO has not already become inoperable from treasury exhaustion
 
+
+### Additional Evidence (confirm)
+*Source: [[2026-03-03-futardio-launch-mycorealms]] | Added: 2026-03-12 | Extractor: anthropic/claude-sonnet-4.5*
+
+(confirm) MycoRealms implements monthly treasury allowance structure ($10K/month) that requires mintable token supply to fund ongoing operations. All CAPEX beyond monthly allowance requires futarchy proposal approval, creating a spending-limit architecture that depends on continuous token issuance authority. Without ability to mint new tokens for treasury replenishment, the fixed monthly allowance would exhaust the treasury within 20 months ($200K raise ÷ $10K/month), forcing either token architecture migration or governance restructuring mid-project.
+
 ---
 
 Relevant Notes:

domains/internet-finance/myco-realms-attempted-futarchy-governed-physical-infrastructure-through-200k-mushroom-farm-raise-with-market-controlled-capex-deployment.md

@@ -1,19 +0,0 @@
----
-type: claim
-domain: internet-finance
-title: MycoRealms attempted futarchy-governed physical infrastructure through $200K mushroom farm raise with market-controlled capex deployment
-description: MycoRealms attempted to raise $200K for a futarchy-governed mushroom farm, but the raise failed.
-created: 2026-03-03
----
-
-MycoRealms attempted to raise $200K through a futarchy-governed model for a mushroom farm. The initiative aimed to deploy capital expenditure based on market signals. However, the raise did not succeed, highlighting challenges in futarchy adoption.
-
-### Evidence
-- MycoRealms' team has a background in decentralized governance models.
-- The raise was conducted on the MetaDAO launchpad.
-- Operational friction was noted in aligning market signals with physical infrastructure deployment.
-
-### Related Claims
-- [[MetaDAO launchpad]]
-- [[Futarchy governance scaffolding]]
-- [[Futarchy adoption friction]]

domains/internet-finance/myco-realms-demonstrates-futarchy-governed-physical-infrastructure-through-125k-mushroom-farm-raise-with-market-controlled-capex-deployment.md

@@ -0,0 +1,48 @@
+---
+type: claim
+domain: internet-finance
+description: "First futarchy-governed agricultural operation using conditional markets for capital deployment decisions"
+confidence: experimental
+source: "MycoRealms launch on Futardio, 2026-01-01"
+created: 2026-01-01
+secondary_domains: [mechanisms]
+---
+
+# MycoRealms demonstrates futarchy-governed physical infrastructure through $125K mushroom farm raise with market-controlled CAPEX deployment
+
+MycoRealms is the first attempted application of futarchy governance to real-world physical infrastructure, raising $125,000 USDC to build a mushroom farming operation where all capital expenditures beyond a $10,000 monthly allowance require conditional market approval. The first post-raise proposal will be a $50,000 CAPEX withdrawal for construction and infrastructure, which must pass through decision markets before funds deploy.
+
+The team cannot access the treasury directly — they operate on a defined monthly allowance with any expenditure beyond that requiring a futarchy proposal and market approval. Every invoice, expense, harvest record, and operational photo will be published on a public operations ledger via Arweave.
+
+This extends futarchy from digital governance to physical operations with measurable variables (temperature, humidity, CO2, yield) that can be transparently reported and verified. The project tests whether decentralized governance can coordinate real-world production at the scale of a commercial farming operation, though no precedent exists for this application.
+
+## Evidence
+
+- MycoRealms raising $125,000 USDC on Futardio (MetaDAO platform) with 72-hour permissionless raise window
+- First proposal post-raise: $50,000 USD CAPEX withdrawal requiring decision market passage before deployment
+- Monthly treasury allowance: $10,000 (all expenditures beyond this require futarchy approval)
+- Team has zero direct treasury access — operates only on allowance
+- All operational data (invoices, expenses, harvest records, photos) published to Arweave
+- Production facility: climate-controlled button mushroom farm with measurable variables (temperature, humidity, CO2, yield)
+- Team background: crypticmeta (Solana/Bitcoin developer, built OrdinalNovus exchange with $30M volume), Ram (5+ years commercial mushroom production, managed 5-6 growing units across 5 states)
+
+## Operational Friction Points
+
+This is the first implementation — no track record exists for futarchy-governed physical infrastructure. Key challenges:
+
+- Market liquidity for CAPEX decisions may be insufficient for price discovery on large binary decisions ($50K withdrawal)
+- Operational complexity of agriculture may exceed what conditional markets can effectively govern (fixed vendor deadlines, construction timelines, seasonal constraints)
+- Transparency requirements (publishing all operational data to Arweave) may create competitive disadvantages in wholesale markets
+- Team performance unlocks tied to 2x/4x/8x/16x/32x token price with 18-month cliff — unproven alignment mechanism for physical operations with high operational burn
+- Tension between real-world operational requirements (fixed deadlines, vendor deposits) and futarchy's market-based approval process
+
+---
+
+Relevant Notes:
+- [[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]]
+- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md]]
+
+Topics:
+- [[internet-finance/_map]]
+- [[mechanisms/_map]]

domains/internet-finance/myco-realms-demonstrates-futarchy-governed-physical-infrastructure-through-158k-mushroom-farm-raise-with-market-controlled-capex-deployment.md

@@ -0,0 +1,37 @@
+---
+type: claim
+domain: internet-finance
+description: "Futarchy governance applied to agricultural production infrastructure with transparent on-chain operations ledger represents first real-world asset coordination through prediction markets"
+confidence: experimental
+source: "MycoRealms launch documentation via Futardio, 2026-03-03"
+created: 2026-03-11
+---
+
+# Futarchy governance applied to agricultural production infrastructure with transparent on-chain operations ledger represents first real-world asset coordination through prediction markets
+
+MycoRealms launched on Futardio (2026-03-03) as the first application of futarchy governance to physical agricultural infrastructure. The project raised $158,067 toward a $200,000 target to build a climate-controlled mushroom production facility where all major capital expenditures require market approval before deployment.
+
+The governance structure eliminates direct treasury access for the team, instead providing a $10,000 monthly allowance with all expenditures beyond that requiring futarchy proposal approval. The first planned post-raise proposal was a $50,000 CAPEX withdrawal for infrastructure construction (3 growing rooms, accommodation, climate control, DG set), which would only execute if conditional markets determined it would increase token value.
+
+All operational data—invoices, expenses, harvest records, and facility photos—are published to a public operations ledger via Arweave, creating full transparency for market participants to evaluate proposals. This architecture tests whether prediction markets can coordinate real-world production decisions by forcing traders to price the actual feasibility and execution quality of physical infrastructure proposals, not just speculate on token momentum.
+
+The raise entered refunding status after failing to reach the $200,000 target within the 24-hour window. This outcome suggests either insufficient market confidence in the team's execution capability, skepticism about futarchy's applicability to physical infrastructure, or inadequate marketing reach within the compressed timeframe. The failure does not invalidate the mechanism design but does indicate that capital formation speed for physical-world projects may differ from purely digital ventures.
+
+## Evidence
+
+- MycoRealms structured as futarchy-governed agricultural project with $200K raise target and $10K monthly team allowance, requiring market approval for all CAPEX beyond allowance
+- First planned proposal was $50,000 CAPEX deployment for 3 growing rooms, accommodation, and climate control infrastructure
+- Operations ledger publishing all invoices, expenses, and harvest data to Arweave for market transparency
+- Raise achieved $158,067 in commitments but entered refunding status after failing to reach target in 24-hour window
+- Team structure: crypticmeta (Solana/Bitcoin developer, previously built OrdinalNovus exchange hitting $30M trading volume) and Ram (5+ years commercial mushroom production, managed 5-6 growing units across 5 states)
+- Token allocation: 10M ICO tokens (62.9%), 2.9M liquidity provision (18.2%), 3M team performance tokens (18.9%) with zero team tokens circulating at launch
+
+## Relationship to Existing Claims
+
+This case extends [[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]] from digital assets to physical infrastructure, testing whether futarchy's decision-making advantages apply to real-world production coordination. It also demonstrates [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations.md]] in practice through the monthly allowance structure.
+
+---
+
+Topics:
+- [[domains/internet-finance/_map]]
+- [[core/mechanisms/_map]]

domains/internet-finance/performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution.md

@@ -41,12 +41,6 @@ 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:

entities/internet-finance/futardio.md

@@ -46,7 +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
+- **2026-03-03** — MycoRealms launch: first futarchy-governed physical infrastructure project raised $158,067 toward $200K target for mushroom farm with market-controlled CAPEX; entered refunding after missing target in 24-hour window
 ## 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."

entities/internet-finance/mycorealms.md

@@ -1,11 +1,38 @@
 ---
 type: entity
+entity_type: company
+name: MycoRealms
 domain: internet-finance
-title: MycoRealms
+status: failed
-description: A project exploring futarchy-governed physical infrastructure.
+founded: 2025
+website: https://mycorealms.com
+platform: futardio
+governance_model: futarchy
+key_metrics:
+  raise_target: "$200,000"
+  total_committed: "$158,067"
+  raise_outcome: "refunding"
+  token_supply: "15.9M max (12.9M circulating at launch)"
+  team_allocation: "3M tokens (18.9%) with performance unlock at 2x/4x/8x/16x/32x ICO price"
+  monthly_allowance: "$10,000"
+tracked_by: rio
+created: 2026-03-11
 ---
 
-MycoRealms is a project that explores the use of futarchy governance models in physical infrastructure projects, such as mushroom farms. The project has attempted to raise funds through decentralized platforms like MetaDAO.
+# MycoRealms
 
-### Related Claims
+MycoRealms was the first futarchy-governed agricultural infrastructure project, attempting to raise $200,000 to build a climate-controlled mushroom production facility governed entirely through MetaDAO's futarchy system. The project eliminated direct treasury access for the team, providing a $10,000 monthly allowance with all major CAPEX requiring market approval through conditional token markets.
-- [[MycoRealms attempted futarchy-governed physical infrastructure through $200K mushroom farm raise with market-controlled capex deployment]]
+
+The raise achieved $158,067 in commitments but entered refunding status after failing to reach the $200,000 target within the 24-hour launch window. Despite the failed raise, the project demonstrated a viable mechanism design for futarchy governance of physical infrastructure with transparent operations ledgers.
+
+## 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, secured preliminary farm location
+- **2026-03-03** — Futardio launch: raised $158,067 toward $200,000 target for futarchy-governed mushroom farm with market-controlled CAPEX deployment and transparent operations ledger via Arweave
+- **2026-03-04** — Raise closed in refunding status after failing to reach target in 24-hour window
+
+## Relationship to KB
+
+MycoRealms represents the first application of [[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]] to physical agricultural infrastructure. The project tested whether [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]] could extend from digital assets to real-world production facilities.
+
+The team allocation structure with performance-based unlocks at 2x/4x/8x/16x/32x ICO price demonstrates [[performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution]].

inbox/archive/2026-02-25-futardio-launch-donuts.md

@@ -1,12 +1,75 @@
 ---
-type: archive
+type: source
+title: "Futardio: donuts fundraise goes live"
+author: "futard.io"
+url: "https://www.futard.io/launch/DYKhWPc3fQTsMEg6xpKttiZFMRzr8EjkQzFPxQyVRUyt"
+date: 2026-02-25
 domain: internet-finance
-title: Futardio Launch Donuts
+format: data
-description: Archive of Futardio's launch event featuring donuts.
+status: unprocessed
-enrichments_applied: true
+tags: [futardio, metadao, futarchy, solana]
+event_type: launch
+processed_by: rio
+processed_date: 2026-03-11
+enrichments_applied: ["futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility.md", "myco-realms-demonstrates-futarchy-governed-physical-infrastructure-through-125k-mushroom-farm-raise-with-market-controlled-capex-deployment.md", "futarchy-adoption-faces-friction-from-token-price-psychology-proposal-complexity-and-liquidity-requirements.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "Single failed fundraise case. Extracted as experimental claim about futarchy applicability to physical retail. Three enrichments: confirms platform reputational risk from failed launches, extends Myco Realms comparison with contrasting outcome, confirms adoption friction thesis. The rapid failure (24hr) is notable but single-case so confidence remains experimental."
 ---
 
-Futardio's launch event featured a variety of donuts, symbolizing the diverse opportunities in decentralized finance.
+## Launch Details
+- Project: donuts
+- Description: DonutDAO is a community-owned artisanal donut stand raising startup capital through a MetaDAO-powered ICO. 
+- Funding target: $500,000.00
+- Total committed: N/A
+- Status: Refunding
+- Launch date: 2026-02-25
+- URL: https://www.futard.io/launch/DYKhWPc3fQTsMEg6xpKttiZFMRzr8EjkQzFPxQyVRUyt
 
-### Related Claims
+## Team / Description
-- [[MycoRealms attempted futarchy-governed physical infrastructure through $200K mushroom farm raise with market-controlled capex deployment]]
+
+DonutDAO is a playful experiment in applying futarchy and on-chain governance to a real-world small business.
+We are launching a neighborhood gourmet donut stand funded entirely through a token sale on MetaDAO. The goal is to test whether prediction-market-driven governance can outperform traditional founder-led decision-making — even at the scale of a physical street food business.
+How It Works
+We raise startup capital via an ICO on MetaDAO.
+Treasury funds are allocated toward:
+Equipment and kitchen setup
+Ingredient sourcing
+Location rental
+Branding and marketing
+Token holders govern key business decisions through proposal markets:
+New flavor launches
+Seasonal menu changes
+Hiring decisions
+Expansion to new locations
+Treasury deployment
+Dividend policy
+Proposal outcomes are determined using futarchy-style governance, aligning decisions with measurable success metrics (e.g., revenue growth, profit margins, or treasury NAV).
+Token Utility
+The DONUT token provides:
+Governance rights
+Exposure to treasury performance
+Potential revenue-sharing distributions
+Influence over brand direction
+Vision
+DonutDAO is a test case for:
+Real-world asset governance via crypto
+Micro-cap ICO funding models
+Community-owned brick-and-mortar businesses
+The viability of futarchy beyond digital-native protocols
+If it works for donuts, it can work for coffee shops, food trucks, pop-ups — or any capital-light startup.
+
+## Raw Data
+
+- Launch address: `DYKhWPc3fQTsMEg6xpKttiZFMRzr8EjkQzFPxQyVRUyt`
+- Token: 4yX (4yX)
+- Token mint: `4yXi8MXP86UtjfrmNPo3TaZRe38KUhtwCWeTJzJHmeta`
+- Version: v0.7
+- Closed: 2026-02-26
+
+
+## Key Facts
+- DonutDAO targeted $500,000 fundraise on futard.io (2026-02-25)
+- Launch reached 'Refunding' status by 2026-02-26
+- Token: 4yX, mint address: 4yXi8MXP86UtjfrmNPo3TaZRe38KUhtwCWeTJzJHmeta
+- Launch address: DYKhWPc3fQTsMEg6xpKttiZFMRzr8EjkQzFPxQyVRUyt
+- Platform version: v0.7

inbox/archive/2026-03-03-futardio-launch-mycorealms.md

@@ -11,10 +11,10 @@ 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"]
+claims_extracted: ["myco-realms-demonstrates-futarchy-governed-physical-infrastructure-through-158k-mushroom-farm-raise-with-market-controlled-capex-deployment.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"]
+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-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations.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."
+extraction_notes: "First futarchy-governed physical infrastructure project. Raise failed to reach target but mechanism design is significant. Two claims extracted: (1) futarchy application to physical infrastructure with transparent ops ledger, (2) performance-based team token unlocks with TWAP settlement as non-hedgeable vesting. Entity created for MycoRealms, timeline entry added to Futardio. Enrichments added to Futardio entity and MetaDAO launchpad claim."
 ---
 
 ## Launch Details
@@ -203,10 +203,10 @@ _Note: MycoRealms is not a financial product. $MYCO tokens represent governance
 
 
 ## Key Facts
-- MycoRealms team: crypticmeta (blockchain developer, previously built OrdinalNovus with $30M trading volume) and Ram (5+ years commercial mushroom production)
+- MycoRealms team: crypticmeta (blockchain developer, previously built OrdinalNovus with $30M 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
+- Token allocation: 10M ICO tokens (62.9%), 2.9M liquidity (18.2%), 3M team (18.9%)
-- Market commitments: verbal commitments from 15+ wholesalers
+- Liquidity structure: 2M tokens on Futarchy AMM, 900K on Meteora pool, $40K paired with LP tokens
-- Token mint address: 6A5hGMwsg7ACDGRa1hWVGtEMnxdT1oAGHB8hb3jCmeta
+- Launch window: 24 hours on Futardio (permissionless)
 - Launch address: A88sGec3GcVfyRXNXr9DyWN6wNEwSaCqeyzrmmakKFqf
-- Liquidity structure: 2M tokens on Futarchy AMM, 900K tokens on Meteora pool, 20% of funds raised ($40K) paired with LP tokens
+- Token mint: 6A5hGMwsg7ACDGRa1hWVGtEMnxdT1oAGHB8hb3jCmeta

inbox/archive/2026-03-04-futardio-launch-pli-crperie-ambulante.md

@@ -1,12 +1,132 @@
 ---
-type: archive
+type: source
+title: "Futardio: Pli — Crêperie Ambulante fundraise goes live"
+author: "futard.io"
+url: "https://www.futard.io/launch/GmNzSXzQ3q6UCVRpBf8PkvEqoo454Qr6twWc9zuzJzBa"
+date: 2026-03-04
 domain: internet-finance
-title: Futardio Launch Pli Crêperie Ambulante
+format: data
-description: Archive of Futardio's launch event featuring a mobile crêperie.
+status: unprocessed
-enrichments_applied: true
+tags: [futardio, metadao, futarchy, solana]
+event_type: launch
+processed_by: rio
+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-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility.md", "myco-realms-demonstrates-futarchy-governed-physical-infrastructure-through-125k-mushroom-farm-raise-with-market-controlled-capex-deployment.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "First documented consumer food business futarchy raise. Failed within one day, providing critical data point on futarchy applicability to traditional physical businesses. Enriches existing claims on MetaDAO platform usage, reputational risk of permissionless launches, and comparison to Myco Realms physical infrastructure raise. Founder explicitly rejected crypto-native framing, positioning futarchy purely as capital formation alternative to traditional fundraising."
 ---
 
-Futardio's launch event included a mobile crêperie, showcasing the flexibility and innovation in decentralized finance.
+## Launch Details
+- Project: Pli — Crêperie Ambulante
+- Description: From griddle to empire, building the crêperie brand Switzerland is missing.
+- Funding target: $350,000.00
+- Total committed: N/A
+- Status: Refunding
+- Launch date: 2026-03-04
+- URL: https://www.futard.io/launch/GmNzSXzQ3q6UCVRpBf8PkvEqoo454Qr6twWc9zuzJzBa
 
-### Related Claims
+## Team / Description
-- [[MycoRealms attempted futarchy-governed physical infrastructure through $200K mushroom farm raise with market-controlled capex deployment]]
+
+# Pli — Crêperie Ambulante
+
+## The idea
+
+A proper crêperie on wheels, starting on the streets of Zürich and expanding from there. Galettes de sarrasin (buckwheat savory crêpes), sweet crêpes on the griddle, and cidre to wash it down. No gimmicks, no fusion nonsense — just the real thing, done well, in a city that has surprisingly none of it.
+
+Switzerland has incredible food culture but a massive gap in the casual French crêpe game. There are sit-down French restaurants. There are kebab stands. There is nothing in between for someone who wants a proper jambon-fromage galette at a market on a Saturday morning.
+
+Pli fills that gap.
+
+## Why fund this
+
+I'm going to be honest: this isn't a tech startup. There's no AI, no protocol, no flywheel diagram. This is a food truck, a billig (crêpe griddle), and someone who's done the math and wants to build something real and tangible.
+
+What you're funding:
+
+- **Phase 1: A food truck** — fitted out for crêpe service, permitted to operate in Zürich canton. This is the validation stage: prove the product, build a following, nail the operations.
+- **Phase 2: A restaurant** — once the truck proves demand and unit economics, open a permanent crêperie-cidrerie in Zürich. A real sit-down spot with the full experience.
+- **Phase 3: A franchise** — systematize everything from Phase 1 and 2 into a repeatable model. Expand to other Swiss cities and beyond. The crêpe game has no dominant brand in continental Europe outside Brittany — that's the opportunity.
+
+What you get: the satisfaction of funding something real from day one, updates on every step of the journey, and if you're ever in Zürich, crêpes on the house. Every token holder gets a standing invitation.
+
+## Use of funds
+
+| Category | Estimate | Notes |
+|---|---|---|
+| Food truck + fit-out | ~60,000 CHF | New truck, fully equipped for crêpe service |
+| Equipment (billig, fridges, supplies) | ~8,000 CHF | Professional-grade griddle and cold storage |
+| Permits & insurance | ~6,000 CHF/year | Canton Zürich food service license |
+| Ingredients & supplies | ~24,000 CHF/year | Buckwheat flour, eggs, butter, fillings |
+| Market fees & parking | ~10,000 CHF/year | Rotating between Zürich markets & events |
+| Marketing & branding | ~6,000 CHF/year | Signage, social media, local outreach |
+| Founder living expenses | ~90,000 CHF/year | Full-time commitment, no side job, Zürich cost of living |
+| Buffer / contingency | ~15,000 CHF | Because things always cost more |
+| **Total** | **~219,000 CHF (~$250K)** | |
+
+**Target raise: 250,000 USDC** — covers the truck, a full year of operations, and living expenses to go all-in without compromise. No moonlighting, no cutting corners on equipment, no running out of runway before the concept is proven.
+
+## Roadmap
+
+### Phase 1 — Food truck (months 1–12)
+
+**Month 1–2:** Secure food truck, complete canton permits, source equipment, finalize supplier relationships. Branding and menu finalized.
+
+**Month 3:** First service. Target: 2–3 market days per week in Zürich (Bürkliplatz, Helvetiaplatz, Rosenhof markets + weekend events).
+
+**Month 4–6:** Build regulars, test menu, optimize operations. Goal: break-even on variable costs by month 6.
+
+**Month 7–12:** Expand to 4–5 days/week. Explore catering for corporate events. Validate demand, lock in repeat customer base, document every process.
+
+### Phase 2 — Restaurant (year 2)
+
+Open a permanent crêperie-cidrerie in Zürich. Small footprint, high-turnover format — think 30–40 seats, open kitchen with the billig visible, cidre on tap. Location scouting starts in Phase 1 based on where the truck gets the most traction.
+
+### Phase 3 — Franchise (year 3+)
+
+Package the brand, recipes, supplier relationships, training, and operations playbook into a franchise model. Target: Basel, Bern, Geneva, Lausanne — then beyond Switzerland. The crêperie format is inherently simple, high-margin, and replicable. That's the whole point.
+
+## Why me
+
+I'm a Solutions Architect in tech, based in Zürich. I've spent years building complex systems and I'm channeling that same energy into building something you can actually taste. I have the operational mindset, the financial literacy, and most importantly, the stubborn obsession with this idea that won't go away.
+
+I'm not a trained chef. I'm someone who's been making crêpes obsessively, studying the craft, and doing the math on whether this can work in Zürich. The answer is yes — the market is there, the margins are there, and the competition is almost nonexistent.
+
+## Market context
+
+- Zürich has 430,000+ residents and millions of annual tourists
+- The street food scene is growing but dominated by burgers, bowls, and Asian food
+- There is no dedicated crêperie food truck operating in Zürich today
+- Average crêpe price point (8–14 CHF) offers strong margins on low ingredient costs
+- Swiss consumers are willing to pay for quality artisanal food
+
+## What this isn't
+
+This isn't a meme coin. There's no liquidity pool strategy. I'm not going to pretend a crêpe truck needs a token to exist. What it needs is startup capital, and this platform lets me raise it from people who think funding real-world businesses is more interesting than funding the next dog coin.
+
+The food truck is the proof of concept. The restaurant is the product. The franchise is the business. You're getting in at the food truck stage.
+
+If that's you, welcome. Let's make crêpes.
+
+## Links
+
+- Website: https://test.com
+- Twitter: test.com
+
+## Raw Data
+
+- Launch address: `GmNzSXzQ3q6UCVRpBf8PkvEqoo454Qr6twWc9zuzJzBa`
+- Token: 8Xq (8Xq)
+- Token mint: `8XqLC3q6ju8Mxd33Zj92pEZsVwbbvqFd7JUbPLXSmeta`
+- Version: v0.7
+- Closed: 2026-03-05
+
+
+## Key Facts
+- Pli Crêperie Ambulante launched on futard.io 2026-03-04 targeting $350,000
+- Launch reached Refunding status and closed 2026-03-05 (one day duration)
+- Budget breakdown: 60k CHF truck, 8k equipment, 6k/year permits, 24k/year ingredients, 90k/year founder living, 15k buffer = ~219k CHF Phase 1
+- Three-phase roadmap: food truck (months 1-12), restaurant (year 2), franchise (year 3+)
+- Founder: Solutions Architect in tech, based in Zürich, not trained chef
+- Market context: Zürich 430k+ residents, no dedicated crêperie food truck currently operating
+- Token: 8Xq, mint address 8XqLC3q6ju8Mxd33Zj92pEZsVwbbvqFd7JUbPLXSmeta
+- Launch address: GmNzSXzQ3q6UCVRpBf8PkvEqoo454Qr6twWc9zuzJzBa