--- type: entity entity_type: company name: Etnl.io domain: internet-finance status: fundraising_failed website: https://etnl.io social: twitter: https://x.com/etnl_io telegram: https://t.me/etnlio key_metrics: futardio_raise_target: "$500,000" futardio_raise_committed: "$96" monthly_team_budget: "$30,000" raise_outcome: "refunding" tracked_by: rio created: 2026-03-11 --- # Etnl.io Etnl.io is a mobile wallet project that attempted to raise capital through Futardio's futarchy-governed platform in March 2026. The project proposed a Secure Enclave-based mobile wallet delivering hardware-level security without requiring external devices. The Futardio raise failed to reach minimum threshold, attracting only $96 of a $500,000 target before refunding. ## Timeline - **2026-03-09** — Futardio raise launched with $500,000 target, $30K/month team budget, Secure Enclave-based mobile wallet product - **2026-03-10** — Raise closed in refunding status with $96 total committed (0.019% of target) ## Relationship to KB - [[futardio]] — platform used for failed capital raise - [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical evidence of adoption barriers - [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]] — challenges product-market fit claim