---
type: entity
entity_type: decision_market
name: "Git3: Futardio Fundraise"
domain: internet-finance
status: failed
parent_entity: "[[git3]]"
platform: "futardio"
proposal_url: "https://www.futard.io/launch/HKRDmghovXSCMobiRCZ7BBdHopEizyKmnhJKywjk3vUa"
proposal_date: 2026-03-05
resolution_date: 2026-03-06
category: "fundraise"
summary: "Git3 attempted to raise $100K for on-chain Git infrastructure development through Futardio but reached only 28% of target before refunding"
key_metrics:
  funding_target: "$100,000"
  total_committed: "$28,266"
  commitment_ratio: "28.3%"
  token: "6VT"
  token_mint: "6VTMeDtrtimh2988dhfYi2rMEDVdYzuHoSgERUmdmeta"
tracked_by: rio
created: 2026-03-11
---

# Git3: Futardio Fundraise

## Summary

Git3 launched a futarchy-governed fundraise on Futardio targeting $100,000 to accelerate development of on-chain Git infrastructure with x402 monetization. The raise attracted $28,266 (28.3% of target) before entering refunding status, representing a failed capital formation attempt for blockchain-based code storage infrastructure.

## Market Data

- **Outcome:** Failed (Refunding)
- **Platform:** Futardio
- **Target:** $100,000
- **Committed:** $28,266 (28.3%)
- **Duration:** 2026-03-05 to 2026-03-06 (1 day)
- **Token:** 6VT

## Significance

This represents a test case for futarchy-governed fundraising for developer infrastructure. The low commitment ratio (28.3%) suggests either:
1. Market skepticism about on-chain Git storage value proposition
2. Insufficient liquidity/awareness in early Futardio ecosystem
3. Competitive positioning challenges versus established Git hosting
4. Timing issues with developer infrastructure fundraising

The rapid refunding (within 1 day) demonstrates the unruggable ICO mechanism working as designed — investors can force liquidation when projects fail to meet funding thresholds.

## Relationship to KB

- [[git3]] — parent company entity
- [[futardio]] — fundraising platform
- [[MetaDAO]] — underlying futarchy infrastructure
- Tests futarchy-governed fundraising for developer tools market