---
type: entity
entity_type: decision_market
name: "Futardio: FitByte Fundraise"
domain: internet-finance
status: failed
parent_entity: "[[futardio]]"
platform: "futardio"
proposer: "FitByte team"
proposal_url: "https://www.futard.io/launch/8AsLQuzVHwAjiQa9pkgoPHkEy523X7gQYs9zJfMtiqi2"
proposal_date: 2026-02-26
resolution_date: 2026-02-27
category: "fundraise"
summary: "Health and fitness protocol combining workout-to-earn with sovereign health data marketplace"
funding_target: "$500,000"
total_committed: "$23"
outcome: "refunding"
tracked_by: rio
created: 2026-03-11
---

# Futardio: FitByte Fundraise

## Summary

FitByte proposed a Solana-based health protocol combining workout-to-earn token rewards with user-owned health data and a marketplace for monetizing that data with researchers and clinical trial operators. The project launched through MetaDAO's Unruggable ICO platform with a $500,000 funding target but attracted only $23 in commitments before closing and entering refunding status after one day.

## Market Data

- **Outcome:** Failed (refunding)
- **Funding Target:** $500,000
- **Total Committed:** $23
- **Launch Date:** 2026-02-26
- **Close Date:** 2026-02-27
- **Commitment Rate:** 0.0046%

## Significance

This represents one of the most decisive market rejections on the Futardio platform despite the project's alignment with stated platform values (user sovereignty, transparent governance, anti-rug mechanisms). The failure suggests that mechanism design alignment and governance structure are insufficient to overcome fundamental market skepticism about project viability or team credibility. The near-zero commitment level ($23 on a $500K target) indicates the market priced this as non-viable from launch rather than a close decision that narrowly failed.

## Relationship to KB

- [[futardio]] — launch platform
- [[MetaDAO]] — parent organization
- [[fitbyte]] — project entity
- Demonstrates limits of [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]] when underlying project lacks credibility