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

@@ -1,49 +0,0 @@
----
-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

@@ -16,17 +16,13 @@ created: 2026-03-11
 
 # FitByte
 
-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.
+FitByte was a health and fitness protocol on Solana proposing a workout-to-earn model with sovereign health data ownership. The project raised through MetaDAO's futarchy-governed ICO platform (Futardio), positioning itself as infrastructure for users to monetize their health data through explicit consent to researchers and clinical trial operators. The raise failed immediately, collecting only $23 against a $500,000 target before entering refunding status within 24 hours.
 
 ## Timeline
-
-- **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)
+- **2026-02-26** — Launched ICO on [[futardio]] with $500K target, positioning health data sovereignty and workout-to-earn mechanics
+- **2026-02-27** — Closed in refunding status with $23 raised (0.0046% of target)
 
 ## Relationship to KB
-
 - [[futardio]] — launch platform
 - [[MetaDAO]] — governance infrastructure provider
-- Failed to demonstrate product-market fit for health data sovereignty thesis despite alignment with [[Living Capital]] principles around user ownership
+- Example of failed futarchy-governed raise with minimal market interest

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: "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."
+extraction_notes: "Failed ICO with trivial raise ($23). No novel claims extractable — pitch contains standard workout-to-earn and data sovereignty rhetoric without new mechanism insight. Entity created to document Futardio launch activity. The immediate failure (24-hour close, 0.0046% of target) suggests either test launch, spam, or complete market rejection. No enrichments to existing claims warranted."
 ---
 
 ## Launch Details
@@ -106,7 +106,8 @@ MetaDAO's Unruggable ICO model enforces what most projects only claim. Raise pro
 
 
 ## Key Facts
-- 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/error)
+- FitByte ICO launched 2026-02-26 on Futardio with $500K target
+- Raised $23 total before closing in refunding status 2026-02-27
+- Token: 6GF, mint address 6GFCEfiaBpX21D7vUe7LvHJXjNuc9q3e5nRwUz1Wmeta
+- Launch address: 8AsLQuzVHwAjiQa9pkgoPHkEy523X7gQYs9zJfMtiqi2
+- Website listed as https://henry.com (likely placeholder/error)