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rio: extract claims from 2026-03-09-futardio-launch-etnlio #554

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entities/internet-finance/etnlio.md Normal file
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@ -0,0 +1,31 @@
---
type: entity
entity_type: company
name: Etnl.io
domain: internet-finance
status: fundraising_failed
website: https://etnl.io
social:
twitter: https://x.com/etnl_io
telegram: https://t.me/etnlio
key_metrics:
futardio_raise_target: "$500,000"
futardio_raise_committed: "$96"
monthly_team_budget: "$30,000"
raise_outcome: "refunding"
tracked_by: rio
created: 2026-03-11
---
# Etnl.io
Etnl.io is a mobile wallet project that attempted to raise capital through Futardio's futarchy-governed platform in March 2026. The project proposed a Secure Enclave-based mobile wallet delivering hardware-level security without requiring external devices. The Futardio raise failed to reach minimum threshold, attracting only $96 of a $500,000 target before refunding.
## Timeline
- **2026-03-09** — Futardio raise launched with $500,000 target, $30K/month team budget, Secure Enclave-based mobile wallet product
- **2026-03-10** — Raise closed in refunding status with $96 total committed (0.019% of target)
## Relationship to KB
- [[futardio]] — platform used for failed capital raise
- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical evidence of adoption barriers
- [[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]] — challenges product-market fit claim

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entities/internet-finance/futardio.md
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@ -45,6 +45,8 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
- **2026-03** — Ranger Finance liquidation proposal — first futarchy-governed enforcement action - **2026-03** — Ranger Finance liquidation proposal — first futarchy-governed enforcement action
- **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 - **2026-03-07** — Areal DAO launch: $50K target, raised $11,654 (23.3%), REFUNDING status by 2026-03-08 — first documented failed futarchy-governed fundraise on platform
- **2026-03-09** — Etnl.io raise launched: $500,000 target, Secure Enclave mobile wallet, $30K/month team budget
- **2026-03-10** — Etnl.io raise failed: $96 committed (0.019% of target), refunding status — first documented failed raise on platform
## Competitive Position ## Competitive Position
- **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees - **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." - **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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inbox/archive/2026-03-09-futardio-launch-etnlio.md
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@ -6,7 +6,7 @@ url: "https://www.futard.io/launch/4oiZeLhoDB9jGTFd28kJDKBYheL1Yg1XwR3qPTa69Rx9"
date: 2026-03-09 date: 2026-03-09
domain: internet-finance domain: internet-finance
format: data format: data
status: unprocessed status: processed
tags: [futardio, metadao, futarchy, solana] tags: [futardio, metadao, futarchy, solana]
event_type: launch event_type: launch
processed_by: rio processed_by: rio
@ -14,6 +14,11 @@ processed_date: 2026-03-10
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", "internet capital markets compress fundraising from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing.md"] 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", "internet capital markets compress fundraising from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing.md"]
extraction_model: "anthropic/claude-sonnet-4.5" extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "First documented failed raise on Futardio platform. No new claims warranted—this is empirical evidence of existing friction claims (liquidity requirements, adoption barriers) and challenges optimistic claims about MetaDAO's product-market fit and capital formation speed. The failure is particularly notable because the project had complete documentation, clear use of funds, and a coherent product narrative, suggesting the barrier is market liquidity/participation rather than project quality or information asymmetry." extraction_notes: "First documented failed raise on Futardio platform. No new claims warranted—this is empirical evidence of existing friction claims (liquidity requirements, adoption barriers) and challenges optimistic claims about MetaDAO's product-market fit and capital formation speed. The failure is particularly notable because the project had complete documentation, clear use of funds, and a coherent product narrative, suggesting the barrier is market liquidity/participation rather than project quality or information asymmetry."
processed_by: rio
processed_date: 2026-03-11
enrichments_applied: ["futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements.md", "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", "internet capital markets compress fundraising from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing.md"]
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "First documented failed raise on Futardio platform. No new claims warranted—this is empirical evidence of existing friction claims (liquidity requirements, adoption barriers) and challenges optimistic claims about MetaDAO's product-market fit and capital formation speed. The failure is particularly notable because the project had complete documentation, clear use of funds, and a coherent product narrative, suggesting the barrier is market liquidity/participation rather than project quality or information asymmetry. Created entity page for Etnl.io as it represents significant data point (attempted real capital raise with professional presentation) even though outcome was failure."
--- ---
## Launch Details ## Launch Details
@ -68,6 +73,15 @@ The self-custody wallet market is growing rapidly as users move away from centra
- Closed: 2026-03-10 - Closed: 2026-03-10
## Key Facts
- Etnl.io Futardio raise: $500,000 target, $96 committed, refunding status (2026-03-09 to 2026-03-10)
- Etnl.io product: Secure Enclave-based mobile wallet with hardware-level security
- Etnl.io team budget: $30,000/month
- Launch address: 4oiZeLhoDB9jGTFd28kJDKBYheL1Yg1XwR3qPTa69Rx9
- Token: 64S, mint: 64SnHgEfSdzpnmHEhh2niN8bcAjmhTyEQky2DKWBmeta
- Futardio platform version: v0.7
## Key Facts ## Key Facts
- Etnl.io Futardio raise: $500,000 target, $96 committed, refunding status (2026-03-09 to 2026-03-10) - Etnl.io Futardio raise: $500,000 target, $96 committed, refunding status (2026-03-09 to 2026-03-10)
- Etnl.io product: Secure Enclave-based mobile wallet with hardware-level security - Etnl.io product: Secure Enclave-based mobile wallet with hardware-level security