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Teleo Agents
232f38d253 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>
2026-03-12 05:42:20 +00:00
3 changed files with 16 additions and 25 deletions

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@ -4,33 +4,25 @@ entity_type: company
name: "FitByte"
domain: internet-finance
status: failed
founded: 2026
platform: "Solana"
parent_entity: "[[futardio]]"
platform: "futardio"
funding_target: "$500,000"
total_raised: "$23"
launch_date: 2026-02-26
close_date: 2026-02-27
outcome: "refunding"
tracked_by: rio
created: 2026-03-11
key_metrics:
raise_target: "$500,000"
total_committed: "$23"
launch_date: "2026-02-26"
close_date: "2026-02-27"
outcome: "refunding"
---
# FitByte
FitByte was a health and fitness protocol on Solana that attempted to combine workout-to-earn mechanics with health data sovereignty and monetization. The project raised through MetaDAO's Futardio platform with a $500,000 target but closed after one day with only $23 committed, entering refunding status.
The project's thesis centered on four pillars: workout-to-earn token rewards tied to verified physical activity, user-owned health data with full sovereignty, paid data sharing for research and clinical trials, and broader health ecosystem integration. The team positioned the raise through futarchy governance as aligned with their data sovereignty principles.
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** — Launched fundraise on Futardio targeting $500,000 for health data sovereignty protocol
- **2026-02-27** — Fundraise closed with $23 committed (0.0046% of target), entered refunding status
- **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
FitByte represents a failed launch on the futarchy platform, demonstrating that governance mechanism quality does not guarantee project viability or market demand.
- Example of failed futarchy-governed raise with minimal market interest

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@ -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** — [[fitbyte]] launched $500K health data sovereignty raise, closed next day with $23 committed (refunding)
## 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."

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@ -12,7 +12,7 @@ event_type: launch
processed_by: rio
processed_date: 2026-03-11
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "FitByte launch is a failed fundraise with trivial commitment ($23 vs $500K target). No novel claims about futarchy mechanisms or health data markets — the pitch contains standard rhetoric about data sovereignty and workout-to-earn that is not backed by evidence beyond the company's own assertions. The failure itself is a data point (extreme undersubscription) but does not support any arguable claim about why it failed or what this means for futarchy launches generally. Entity extraction only — no claims warranted."
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
@ -106,8 +106,8 @@ MetaDAO's Unruggable ICO model enforces what most projects only claim. Raise pro
## Key Facts
- FitByte targeted $500,000 raise on Futardio (2026-02-26)
- FitByte closed with $23 committed after one day (2026-02-27)
- FitByte token: 6GF, mint: 6GFCEfiaBpX21D7vUe7LvHJXjNuc9q3e5nRwUz1Wmeta
- FitByte launch address: 8AsLQuzVHwAjiQa9pkgoPHkEy523X7gQYs9zJfMtiqi2
- Global health data market valued in hundreds of billions (per FitByte pitch)
- 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)