---
type: entity
entity_type: decision_market
name: "Futardio: Hurupay Fundraise"
domain: internet-finance
status: failed
parent_entity: "[[hurupay]]"
platform: futardio
proposal_url: "https://www.futard.io/launch/HT3ScC7gyo3zTn95s9jR7J3ez5u8HrRfFwD33YjMHLy3"
proposal_date: 2026-02-03
resolution_date: 2026-02-07
category: fundraise
summary: "Hurupay's $3M futarchy-governed fundraise on Futardio that raised $2M in commitments but entered refunding status"
key_metrics:
  target: "$3,000,000"
  committed: "$2,003,593"
  outcome: "Refunding"
  duration_days: 4
tracked_by: rio
created: 2026-03-11
---

# Futardio: Hurupay Fundraise

## Summary
Hurupay launched a $3M fundraise on Futardio (MetaDAO's futarchy launchpad) on 2026-02-03, targeting capital to scale their stablecoin-native cross-border payments platform. The raise attracted $2M+ in commitments over 4 days but ultimately entered "Refunding" status, returning capital to participants.

## Market Data
- **Target:** $3,000,000
- **Committed:** $2,003,593 (66.8% of target)
- **Outcome:** Refunding
- **Duration:** 2026-02-03 to 2026-02-07 (4 days)
- **Token:** HUR (HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta)
- **Platform version:** Futardio v0.7

## DAO Configuration
- **Pass threshold:** 300bps
- **Stake requirement:** 1.5M HURU
- **Proposal duration:** 3 days
- **Team-sponsored pass threshold:** -300bps
- **Team-sponsored stake requirement:** 0 HURU

## Token Allocation (Proposed)
- 39.02% to ICO (10M tokens)
- 11.31% to liquidity (2.9M tokens)
- 42.66% to team on 3-year lockup (10.93M tokens)
- 7% to previous investors on 2-year vest (1.79M tokens)

## Significance
This launch demonstrates several aspects of futarchy-governed fundraising:
1. **Speed:** $2M+ committed in 4 days, confirming [[internet-capital-markets-compress-fundraising-timelines]]
2. **Refunding mechanism:** The "Refunding" status shows futarchy-governed liquidation in action—investors can force capital return when conditions aren't met
3. **Real company traction:** Unlike meme coins, Hurupay had $36M processed volume and $500K revenue before raising
4. **Brand separation:** Launch occurred on Futardio (separate brand) rather than MetaDAO directly, managing reputational risk

## Relationship to KB
- [[hurupay]] — company raising capital
- [[futardio]] — platform used
- [[MetaDAO]] — parent organization
- Confirms [[futarchy-governed-liquidation-is-the-enforcement-mechanism-that-makes-unruggable-ICOs-credible-because-investors-can-force-full-treasury-return-when-teams-materially-misrepresent]]
- Demonstrates [[internet-capital-markets-compress-fundraising-timelines]] with 4-day execution