rio: extract from 2026-02-26-futardio-launch-fitbyte.md

- Source: inbox/archive/2026-02-26-futardio-launch-fitbyte.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 4)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/fitbyte-futardio-launch.md

@@ -0,0 +1,49 @@
+---
+type: entity
+entity_type: decision_market
+name: "FitByte: Futardio Fundraise"
+domain: internet-finance
+status: failed
+parent_entity: "[[fitbyte]]"
+platform: "futardio"
+proposal_url: "https://www.futard.io/launch/8AsLQuzVHwAjiQa9pkgoPHkEy523X7gQYs9zJfMtiqi2"
+proposal_date: 2026-02-26
+resolution_date: 2026-02-27
+category: "fundraise"
+summary: "Health data sovereignty protocol attempting $500K raise through futarchy-governed ICO"
+funding_target: "$500,000"
+total_committed: "$23"
+token_symbol: "6GF"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# FitByte: Futardio Fundraise
+
+## Summary
+
+FitByte attempted to raise $500,000 through Futardio's unruggable ICO mechanism for a health and fitness protocol combining workout-to-earn mechanics with health data sovereignty. The project positioned itself as returning value and control to users who generate health data, with a marketplace for consented data sharing with researchers and clinical trial operators. The fundraise failed catastrophically, raising only $23 (0.005% of target) before closing in refunding status after one day.
+
+## Market Data
+
+- **Outcome:** Failed (refunding)
+- **Target:** $500,000
+- **Raised:** $23
+- **Duration:** 1 day (2026-02-26 to 2026-02-27)
+- **Token:** 6GF
+- **Platform:** Futardio v0.7
+
+## Significance
+
+This represents one of the most severe capital rejection events on the Futardio platform, with a raise-to-target ratio of 0.005%. The failure suggests either fundamental skepticism about the health data sovereignty thesis, execution concerns about the team, or market saturation in the workout-to-earn category following previous failures in the space.
+
+The project's explicit alignment with MetaDAO's unruggable ICO principles (treasury governance, IP ownership by DAO LLC, performance-gated founder unlocks) was insufficient to attract capital, indicating that governance structure alone cannot overcome product-market fit concerns.
+
+Notably, the project's website link (henry.com) appears to be a placeholder or error, suggesting incomplete launch preparation that may have contributed to investor skepticism.
+
+## Relationship to KB
+
+- [[futardio]] — launch platform
+- [[MetaDAO]] — governance infrastructure
+- [[fitbyte]] — parent entity
+- Demonstrates that [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]] does not guarantee capital attraction when fundamentals are weak

entities/internet-finance/fitbyte.md

@@ -5,9 +5,10 @@ name: "FitByte"
 domain: internet-finance
 status: failed
 platform: "futardio"
-launch_date: 2026-02-26
 funding_target: "$500,000"
-total_committed: "$23"
+total_raised: "$23"
+launch_date: 2026-02-26
+close_date: 2026-02-27
 outcome: "refunding"
 tracked_by: rio
 created: 2026-03-11
@@ -15,15 +16,17 @@ created: 2026-03-11
 
 # FitByte
 
-FitByte was a health and fitness protocol built on Solana that proposed a workout-to-earn model combined with sovereign health data ownership and a marketplace for users to monetize their health data with researchers and clinical trial operators. The project raised through MetaDAO's Unruggable ICO platform (Futardio) but failed to reach its funding target.
+FitByte was a health and fitness protocol built on Solana that attempted to combine workout-to-earn mechanics with health data sovereignty and monetization. The project raised through MetaDAO's futarchy-governed ICO platform (Futardio) but failed to attract capital, raising only $23 against a $500,000 target before entering refunding status.
+
+The project's value proposition centered on four pillars: workout-to-earn token rewards tied to verified physical activity, user-owned health data with full sovereignty guarantees, a marketplace for users to sell consented health data to researchers and clinical trial operators, and broader health ecosystem integration connecting wearables and healthcare providers.
 
 ## Timeline
 
-- **2026-02-26** — Launched fundraise on Futardio with $500,000 target
-- **2026-02-27** — Fundraise closed with only $23 committed, entered refunding status
+- **2026-02-26** — [[fitbyte-futardio-launch]] launched on Futardio with $500K target
+- **2026-02-27** — Fundraise closed in refunding status with $23 raised (0.005% of target)
 
 ## Relationship to KB
 
 - [[futardio]] — launch platform
-- [[MetaDAO]] — parent organization providing unruggable ICO infrastructure
-- Example of failed futarchy-governed fundraise demonstrating market rejection despite aligned mechanism design
+- [[MetaDAO]] — governance infrastructure provider
+- Failed to demonstrate product-market fit for health data sovereignty thesis despite alignment with [[Living Capital]] principles around user ownership

entities/internet-finance/futardio-launch-fitbyte.md

@@ -1,46 +0,0 @@
----
-type: entity
-entity_type: decision_market
-name: "Futardio: FitByte Fundraise"
-domain: internet-finance
-status: failed
-parent_entity: "[[futardio]]"
-platform: "futardio"
-proposer: "FitByte team"
-proposal_url: "https://www.futard.io/launch/8AsLQuzVHwAjiQa9pkgoPHkEy523X7gQYs9zJfMtiqi2"
-proposal_date: 2026-02-26
-resolution_date: 2026-02-27
-category: "fundraise"
-summary: "Health and fitness protocol combining workout-to-earn with sovereign health data marketplace"
-funding_target: "$500,000"
-total_committed: "$23"
-outcome: "refunding"
-tracked_by: rio
-created: 2026-03-11
----
-
-# Futardio: FitByte Fundraise
-
-## Summary
-
-FitByte proposed a Solana-based health protocol combining workout-to-earn token rewards with user-owned health data and a marketplace for monetizing that data with researchers and clinical trial operators. The project launched through MetaDAO's Unruggable ICO platform with a $500,000 funding target but attracted only $23 in commitments before closing and entering refunding status after one day.
-
-## Market Data
-
-- **Outcome:** Failed (refunding)
-- **Funding Target:** $500,000
-- **Total Committed:** $23
-- **Launch Date:** 2026-02-26
-- **Close Date:** 2026-02-27
-- **Commitment Rate:** 0.0046%
-
-## Significance
-
-This represents one of the most decisive market rejections on the Futardio platform despite the project's alignment with stated platform values (user sovereignty, transparent governance, anti-rug mechanisms). The failure suggests that mechanism design alignment and governance structure are insufficient to overcome fundamental market skepticism about project viability or team credibility. The near-zero commitment level ($23 on a $500K target) indicates the market priced this as non-viable from launch rather than a close decision that narrowly failed.
-
-## Relationship to KB
-
-- [[futardio]] — launch platform
-- [[MetaDAO]] — parent organization
-- [[fitbyte]] — project entity
-- Demonstrates limits of [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]] when underlying project lacks credibility

entities/internet-finance/futardio.md

@@ -46,7 +46,6 @@ 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** — [[futardio-launch-fitbyte]] failed: FitByte health protocol fundraise attracted only $23 of $500K target, entered refunding status after one day
 ## 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."

inbox/archive/2026-02-26-futardio-launch-fitbyte.md

@@ -12,7 +12,7 @@ event_type: launch
 processed_by: rio
 processed_date: 2026-03-11
 extraction_model: "anthropic/claude-sonnet-4.5"
-extraction_notes: "Source is a failed Futardio fundraise launch. No novel claims extractable — this is purely factual entity data. The failure is significant as a data point (extreme market rejection despite mechanism alignment) but does not generate new arguable propositions beyond what existing claims already cover about futarchy-governed fundraising. Created entity pages for FitByte company and the decision market, plus timeline entry on Futardio parent entity."
+extraction_notes: "Failed fundraise with trivial capital raised. No novel claims extractable — the failure itself is the data point. Created entity pages for FitByte company and its fundraise decision_market to document the outcome. The project's four-pillar value proposition (workout-to-earn, data sovereignty, data marketplace, ecosystem integration) is standard health-tech positioning without novel mechanism insight. The catastrophic failure rate (0.005%) is notable as a data point about futarchy-governed fundraising outcomes but does not generate new claims about the mechanism itself."
 ---
 
 ## Launch Details
@@ -106,8 +106,7 @@ MetaDAO's Unruggable ICO model enforces what most projects only claim. Raise pro
 
 
 ## Key Facts
-- FitByte launched on Futardio 2026-02-26 with $500K target
-- FitByte raised only $23 before closing 2026-02-27
-- FitByte token: 6GF, mint address: 6GFCEfiaBpX21D7vUe7LvHJXjNuc9q3e5nRwUz1Wmeta
+- FitByte raised $23 against $500K target (0.005% success rate) on Futardio (2026-02-26 to 2026-02-27)
+- FitByte token symbol: 6GF
 - FitByte launch address: 8AsLQuzVHwAjiQa9pkgoPHkEy523X7gQYs9zJfMtiqi2
-- FitByte website listed as henry.com (likely placeholder or error)
+- FitByte website listed as henry.com (likely placeholder/error)