---
type: entity
entity_type: decision_market
name: "Futardio: Hurupay Fundraise"
domain: internet-finance
status: failed
parent_entity: "[[hurupay]]"
platform: futardio
proposer: Hurupay team
proposal_url: "https://www.futard.io/launch/HT3ScC7gyo3zTn95s9jR7J3ez5u8HrRfFwD33YjMHLy3"
proposal_date: 2026-02-03
resolution_date: 2026-02-07
category: fundraise
summary: "Hurupay attempted to raise $3M on Futardio for cross-border payments scaling but reached only $2M committed before entering refunding status"
key_metrics:
  raise_target: "$3,000,000"
  total_committed: "$2,003,593"
  oversubscription_ratio: 0.67
  token_to_ico: "39.02%"
  token_to_liquidity: "11.31%"
  token_to_team: "42.66% (3-year lockup)"
  token_to_previous_investors: "7% (2-year vest)"
  monthly_spending_allowance: "$250K"
tracked_by: rio
created: 2026-03-11
---

# Futardio: Hurupay Fundraise

## Summary
Hurupay, a stablecoin-based cross-border payments platform with $36M+ processed volume and 30K+ users, attempted to raise $3M on Futardio to scale distribution, expand sales teams, and progress U.S. MTL licensing. The launch committed $2,003,593 (67% of target) before closing and entering refunding status on 2026-02-07.

## Market Data
- **Outcome:** Failed (refunding)
- **Raise Target:** $3,000,000
- **Total Committed:** $2,003,593
- **Launch Date:** 2026-02-03
- **Close Date:** 2026-02-07
- **Token:** HUR (HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta)
- **Platform Version:** v0.7

## Token Allocation
- 10,000,000 (39.02%) to ICO
- 2,900,000 (11.31%) to liquidity
- 10,931,250 (42.66%) to team on 3-year lockup
- 1,793,750 (7%) to previous investors on 2-year vest

## DAO Configuration
- Team Sponsored Pass Threshold: -300bps
- Team Sponsored Stake Requirement: 0 HURU
- Pass Threshold: 300bps
- Stake Requirement: 1.5M HURU
- Proposal Duration: 3 days

## Significance
This launch demonstrates operational futarchy-governed fundraising mechanics at scale, including the refunding mechanism that makes "unruggable ICOs" credible. The 67% commitment rate and subsequent refunding shows the market's real-time capital allocation decision-making. Hurupay's traction (32% MoM growth, $7.2M monthly volume) provided substantial evidence for evaluation, yet the raise did not meet its threshold.

## Relationship to KB
- [[futardio]] - platform for this fundraise
- [[hurupay]] - company attempting to raise
- [[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]] - operational example
- [[futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent]] - refunding mechanism in action