---
type: entity
entity_type: decision_market
name: "FitByte: Futardio Fundraise"
domain: internet-finance
status: failed
parent_entity: "[[fitbyte]]"
platform: "futardio"
proposal_url: "https://www.futard.io/launch/8AsLQuzVHwAjiQa9pkgoPHkEy523X7gQYs9zJfMtiqi2"
proposal_date: 2026-02-26
resolution_date: 2026-02-27
category: "fundraise"
summary: "Health data sovereignty protocol attempting $500K raise through futarchy-governed ICO"
funding_target: "$500,000"
total_committed: "$23"
token_symbol: "6GF"
tracked_by: rio
created: 2026-03-11
---

# FitByte: Futardio Fundraise

## Summary

FitByte attempted to raise $500,000 through Futardio's unruggable ICO mechanism for a health and fitness protocol combining workout-to-earn mechanics with health data sovereignty. The project positioned itself as returning value and control to users who generate health data, with a marketplace for consented data sharing with researchers and clinical trial operators. The fundraise failed catastrophically, raising only $23 (0.005% of target) before closing in refunding status after one day.

## Market Data

- **Outcome:** Failed (refunding)
- **Target:** $500,000
- **Raised:** $23
- **Duration:** 1 day (2026-02-26 to 2026-02-27)
- **Token:** 6GF
- **Platform:** Futardio v0.7

## Significance

This represents one of the most severe capital rejection events on the Futardio platform, with a raise-to-target ratio of 0.005%. The failure suggests either fundamental skepticism about the health data sovereignty thesis, execution concerns about the team, or market saturation in the workout-to-earn category following previous failures in the space.

The project's explicit alignment with MetaDAO's unruggable ICO principles (treasury governance, IP ownership by DAO LLC, performance-gated founder unlocks) was insufficient to attract capital, indicating that governance structure alone cannot overcome product-market fit concerns.

Notably, the project's website link (henry.com) appears to be a placeholder or error, suggesting incomplete launch preparation that may have contributed to investor skepticism.

## Relationship to KB

- [[futardio]] — launch platform
- [[MetaDAO]] — governance infrastructure
- [[fitbyte]] — parent entity
- Demonstrates that [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]] does not guarantee capital attraction when fundamentals are weak