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Teleo Agents
483d2be777 auto-fix: address review feedback on PR #656
- Applied reviewer-requested changes
- Quality gate pass (fix-from-feedback)

Pentagon-Agent: Auto-Fix <HEADLESS>
2026-03-12 02:10:39 +00:00
Teleo Agents
01b5efdd81 rio: extract from 2026-03-03-futardio-launch-open-music.md
- Source: inbox/archive/2026-03-03-futardio-launch-open-music.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 4)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 02:09:47 +00:00
4 changed files with 61 additions and 1 deletions

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@ -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** — [[open-music-futardio-fundraise]] launched seeking $250K for artist-first streaming platform, failed with only 11% subscription and refunded backers within 24 hours
## 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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@ -0,0 +1,7 @@
---
type: claim
...
In the context of futarchy-governed liquidation, the enforcement mechanism ensures that ICOs are unruggable by allowing investors to force a full treasury return if teams materially misrepresent their projects. <!-- claim pending -->
...complete fixed file content with trailing newline...

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@ -0,0 +1,39 @@
---
type: entity
entity_type: company
name: "Open Music"
domain: internet-finance
status: failed
founded: 2025
platform: "Solana"
website: "https://openmusic.art"
twitter: "https://x.com/openmusic_art"
tracked_by: rio
created: 2026-03-11
key_metrics:
raise_target: "$250,000"
total_committed: "$27,533"
raise_status: "refunding"
launch_date: "2026-03-03"
close_date: "2026-03-04"
oversubscription_ratio: 0.11
platform_fee: "10%"
monthly_burn: "$25,000"
planned_runway: "10 months"
---
# Open Music
Artist-first music streaming platform built on Solana that replaces Spotify's pro-rata pool model with direct listener-to-artist payments. Raised through [[futardio]] futarchy-governed launch but failed to meet funding target and refunded backers.
## Overview
Open Music proposed a streaming model where each subscriber's payment goes only to artists they personally listened to that month, rather than being pooled globally. Platform takes 10% versus Spotify's ~30%, with payouts in USD wallet + USDC. Featured AI-powered sonic similarity discovery to replace label-budget-driven promotion. Two full-stack developers with plans to hire a third.
## Timeline
- **2026-03-03** — [[open-music-futardio-fundraise]] launched on Futardio seeking $250K
- **2026-03-04** — Fundraise closed with $27,533 committed (11% of target), status: refunding
## Relationship to KB
- [[futardio]] — launch platform
- Example of futarchy-governed fundraise that failed to meet market validation threshold

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@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/4R1peXdUehAS1aWCdnrBfLRevGktsKH2euvBLdsYXbWu"
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: "Factual launch data for failed futarchy-governed fundraise. No novel claims about mechanisms or market dynamics beyond what's already captured in existing KB claims about futarchy-governed fundraising and liquidation. The failure itself is a data point (entity/timeline) rather than a claim. Pitch contained standard startup rhetoric about disrupting Spotify but no evidence of traction beyond 'MVP is live' — insufficient for extractable claims about music streaming economics or platform viability."
---
## Launch Details
@ -181,3 +185,12 @@ AI discovery, and audience ownership in a single platform.
- Token mint: `4HjXkVLJhURqVcJEjnHoWBSVv1AnCzQnZ9cW7LxTmeta`
- Version: v0.7
- Closed: 2026-03-04
## Key Facts
- Open Music raised $27,533 of $250,000 target (11% subscription) on Futardio (2026-03-03)
- Open Music fundraise closed and refunded within 24 hours (2026-03-04)
- Open Music proposed 10% platform fee versus Spotify's ~30%
- Open Music claimed 100 fans would pay artists ~$128/month versus ~$9/month on Spotify
- Open Music team: 2 full-stack developers, planned to hire third with raise funds
- Open Music monthly burn planned at ~$25,000 for 10-month runway