inbox/archive/2026-03-05-pineanalytics-futardio-launch-metrics.md

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+---
+type: archive
+source: "Pine Analytics (@PineAnalytics)"
+url: https://x.com/PineAnalytics/status/2029616320015159504
+date: 2026-03-05
+tags: [rio, metadao, futarchy, futardio, permissionless-launches]
+---
+
+# Futard.io Launch Metrics (First 2 Days) — Pine Analytics
+
+First analytics on futard.io's permissionless launch platform, MetaDAO's unbranded arm for open token launches.
+
+## Key Metrics (first ~2 days)
+
+- **34 ICOs created** — permissionless, anyone can launch
+- **$15.6M in deposits** from 929 wallets
+- **2 DAOs reached funding thresholds** — successfully funded and launched
+
+## Behavioral Observation
+
+"People are reluctant to be the first to put money into these raises" — first-mover hesitancy. Deposits follow momentum once someone else commits first. This maps directly to the coordination/liquidity chicken-and-egg problem identified in the futarchy adoption friction claim.
+
+## What This Means
+
+- 34 ICOs in 2 days vs 6 curated launches all of Q4 2025 — permissionless unlocks massive supply of launch attempts
+- But only 2/34 (5.9%) reached funding thresholds — high failure rate is expected and healthy for a permissionless system
+- $15.6M deposits across 929 wallets = ~$16.8K average deposit per wallet — meaningful capital, not just spam
+- The brand separation strategy (futard.io vs MetaDAO) is live and functioning — failed launches don't damage MetaDAO brand
+
+## Connections to Knowledge Base
+
+- Validates [[futarchy-governed permissionless launches require brand separation to manage reputational liability]] — the separation is working as designed
+- Enriches [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — first-mover hesitancy is a new friction dimension
+- Strengthens Position #4 — if 34 ICOs in 2 days becomes steady state, MetaDAO/futard.io ecosystem dominates Solana launch volume by sheer throughput
+- The 5.9% success rate creates a quality filter through market mechanism — only projects that attract genuine capital survive