- **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** — [[salmon-wallet-futardio-fundraise]] launched: first wallet infrastructure project on platform, raised $97,535/$375,000 before 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."
First observed futarchy-governed wallet infrastructure project on MetaDAO platform. Salmon Wallet, an open-source self-custodial wallet active since 2022, attempted to raise $375K for 12-month operational runway with $25K monthly burn rate. The raise achieved only 26% of target ($97,535) before entering refunding status after one day.
## Market Data
- **Outcome:** Failed (Refunding)
- **Launch date:** 2026-03-03
- **Close date:** 2026-03-04
- **Capital committed:** $97,535 / $375,000 (26%)
- **Token:** SAL (Salmon Token)
- **Governance model:** Futarchy for strategic decisions, SAL token holders
## Significance
Provides empirical evidence of futarchy adoption friction for operational software projects versus pure capital allocation vehicles or meme coins. Despite established track record (listed on Solana wallet adapter since 2022, $122.5K prior funding, own validator), the project failed to attract sufficient capital through futarchy mechanism. Suggests market participants may be more comfortable with futarchy for speculative assets than for infrastructure requiring sustained operational funding.
The proposed budget breakdown (73% team, 17% infrastructure, 8% growth, 2% governance/legal) illustrates the challenge of applying futarchy to operational businesses: strategic decisions could be market-governed, but day-to-day execution still required traditional management structures.
## Relationship to KB
- [[salmon-wallet]] — parent entity
- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical confirmation
- [[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]] — platform scope expansion evidence
- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — operational governance challenge illustration
Open-source self-custodial cryptocurrency wallet built primarily on Solana with Bitcoin support, active since 2022. Listed on Solana wallet adapter since 2022. Operates own Solana validator for transparent revenue. Attempted futarchy-governed fundraise on MetaDAO platform in March 2026, representing first observed wallet infrastructure project using futarchy governance model.
## Timeline
- **2022** — Project founded, listed on Solana wallet adapter, received $80K bootstrap funding
- **2022-2024** — Received $42.5K in grants (Serum: $2.5K, Eclipse: $40K)
- **2026-03-03** — [[salmon-wallet-futardio-fundraise]] launched on futard.io seeking $375K for 12-month runway
- **2026-03-04** — Fundraise closed with $97,535 raised (26% of target), status: Refunding
## Relationship to KB
- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical case of failed futarchy raise for operational software
- [[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]] — first wallet infrastructure project on platform
- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — proposed structure separated futarchy governance from operational execution
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 adoption faces friction from token price psychology proposal complexity and liquidity requirements.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"]
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "First observed futarchy-governed wallet infrastructure project on MetaDAO platform. Failed raise provides empirical data on futarchy adoption friction for operational software vs pure capital allocation vehicles. Enriches existing claims about MetaDAO scope expansion, adoption barriers, and operational governance challenges."
---
## Launch Details
- Project: Salmon Wallet
- Description: Open-source wallet governed by outcomes, not narratives.
# Futardio Launches New Feature with Salmon Wallet
## Team / Description
Futardio has announced the launch of a new feature in collaboration with Salmon Wallet. This feature aims to enhance user experience by integrating advanced financial tools.
Since 2022 Salmon Wallet is an open-source, self-custodial cryptocurrency wallet built to return to users what the crypto movement once promised: freedom, transparency, and true ownership.
Developed primarily on Solana, and extended to Bitcoin, it offers one unified, secure, and sovereign platform — with no hidden fees or intermediaries.
## Team Description
The Futardio team consists of experienced professionals in the fintech industry, including experts in blockchain technology and digital finance.
Our mission is principled and clear: to give users back full control of their funds, guided by a community-first, decentralized philosophy that rejects opacity and speculation. Every aspect of Salmon Wallet is designed under one conviction: technology should serve people, not profit from them.
This commitment to integrity and open governance has already drawn growing attention from early adopters who believe in building the next generation of DeFi-based on trust, code, and community.
## Roadmap
The project roadmap outlines key milestones over the next two years, focusing on expanding market reach and developing innovative solutions.
The SAL token enables collective decision-making through a futarchy model, where results determine direction.
Funds are safeguarded by market-based governance, making Salmon Wallet a truly unruggable project, secure against manipulation, and aligned with values of fairness, participation, and transparency.
But beyond code, Salmon represents a movement:
A return to the ethical roots of crypto, where users (and not corporations) decide the future.
Early supporters are not just investors: they are co-founders of an ecosystem built on honesty, clarity, and collective strength.
We are listed on the wallet adapter since 2022
## Problem
Anyone who has spent time in the crypto space can feel it: the movement that once stood for freedom and transparency has been quietly absorbed by corporate logic.
The dominant wallets have lost sight of the values that gave birth to crypto itself. Some become closed, secretive, and self-serving, guarding its code instead of opening it to the community. Others hops between networks with ease, but always leave behind hidden fees that bite the very users who made it famous.
These aren’t isolated issues; they confirm what many in the community have long suspected: decentralization has been sold back to us in centralized packaging.
What was meant to be digital freedom now feels like a branded toll road, where the promise of autonomy has turned into a license fee.
## Solution
Salmon Wallet exists to bring things back to how they were meant to be.
It’s the confirmation of what users have always believed crypto should stand for: transparency, fairness, and collective power.
Here, everyone knows exactly what they pay. No hidden fees. No surprises. And those fees are decided by the community itself through open governance.
The project remains faithful to the original crypto vision: Salmon runs its own validator on the Solana network, ensuring transparent and verifiable income directly aligned with the ecosystem that sustains it.
In Salmon, every line of code is open, every decision is collective, and every transaction serves a clear purpose. Because those who believed in decentralization from day one know this truth: the future of finance cannot be built on secrets, but on open code, community, and coherence.
---
## Market Data
Current market trends indicate a growing demand for integrated financial solutions, positioning Futardio strategically for growth.
## Fundraise Goals
Futardio aims to raise $5 million in the upcoming funding round to support development and marketing efforts.
**Minimum raise: $ 375,000 USD**
Funds will be used to support ~12 months of execution across product, infrastructure, and governance:
* **Ship and maintain core wallet features** across Solana, Bitcoin, and additional supported networks.
* **Maintain a strong security posture** by treating open-source code as adversarial by default, with continuous audits and testing
* **Operate and sustain infrastructure,** including RPC reliability, and backend services required for non-custodial usage..
* **Release and iterate iOS and Android apps,** ensuring feature parity and secure key management across platforms.
* **Improve UX and reliability** across key flows, including key generation, signing, transactions, and upgrades**.**
* **Execute targeted user acquisition and ecosystem partnerships,** focusing on high-intent users, open-source integrations, and measurable adoption rather than broad paid campaigns.
* **Support community-led growth and education,** favoring transparency and participation over paid acquisition. Eg Bub Bounty
* **Expand open-source documentation and developer tooling** to support contributors and integrations.
### Internal and External Contributions/Payments
**Bootstrapped Funding**
2022: 80K
**Grants 2022-2024**
Serum: 2.5K
Eclipse: 40K
**Links & Technical Information**
- Website: https://salmonwallet.io/
- GitHub: https://github.com/salmon-wallet
- Twitter/X: https://x.com/salmonwallet
- Telegram: https://t.me/salmon_wallet
**Token name and ticker:**
Salmon Token, SAL
**Minimum raise amount:**
$375,000
**Monthly team budget:**
Calculated based on team size, operational costs, and development roadmap — $25,000 USD
**Performance package configuration:**
0%
**Intellectual property:**
All open-source code available on official GitHub repository
# Use of Funds
**Target Runway:** 12 months
**Average Monthly Burn:** ~$25,000 USD
Salmon is building a verifiable, open, governance-aligned wallet infrastructure with disciplined capital execution.
