decisions/internet-finance/fitbyte-metadao-fundraise.md

@@ -0,0 +1,39 @@
+# FitByte MetaDAO Fundraise
+
+**Date:** 2026-02-26  
+**Type:** Futarchy-governed token launch  
+**Platform:** MetaDAO  
+**Status:** Failed  
+**Target:** $500,000  
+**Actual:** $23  
+**Outcome:** All funds refunded  
+
+## Proposal
+
+FitByte proposed launching a workout-to-earn token with dual-demand tokenomics:
+
+1. **Supply side:** Token emission for verified physical activity rewards
+2. **Demand side:** Paid health data marketplace where users monetize their fitness data
+
+## Rationale for Futarchy Launch
+
+FitByte framed its choice of MetaDAO's futarchy mechanism as "structural alignment" between:
+- **Protocol mission:** Data sovereignty (users own their health data)
+- **Governance mechanism:** Governance sovereignty (futarchy)
+
+The project explicitly positioned its token as an "ownership coin" focused on investor protection through ownership rights rather than speculative trading.
+
+## Market Response
+
+The launch failed dramatically, raising only $23 against a $500,000 target (0.0046% of goal). This represents one of the most extreme failures in MetaDAO's futarchy launch history.
+
+## Mechanism Performance
+
+Despite catastrophic market rejection, the unruggable ICO mechanism functioned as designed: all $23 was refunded to participants when the minimum threshold was not met.
+
+## Analysis
+
+The failure suggests that:
+- Thematic alignment between protocol mission and governance mechanism does not substitute for market demand
+- Dual-demand tokenomics models require credible evidence of both demand sources
+- Workout-to-earn models face significant skepticism in crypto markets post-2021

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

@@ -16,6 +16,10 @@ tags:
 claims_extracted:
   - fitbyte-proposes-dual-demand-workout-to-earn-through-verified-activity-rewards-plus-paid-health-data-marketplace.md
   - fitbyte-chooses-metadao-futarchy-launch-for-structural-alignment-between-data-sovereignty-protocol-and-governance-sovereignty-mechanism.md
+processed_by: rio
+processed_date: 2026-03-19
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "LLM returned 0 claims, 0 rejected by validator"
 ---
 
 # Summary
@@ -37,3 +41,10 @@ FitByte attempted to launch a workout-to-earn token via MetaDAO's futarchy mecha
 # Content
 
 [Full archived page content would go here - launch announcement, tokenomics explanation, governance rationale, final results showing $23 raised and refund status]
+
+## Key Facts
+- FitByte launch date: 2026-02-26
+- FitByte target raise: $500,000
+- FitByte actual raise: $23
+- FitByte raise percentage: 0.0046% of target
+- All FitByte funds were refunded after failed launch