---
type: entity
entity_type: company
name: "Etnl.io"
domain: internet-finance
status: failed
founded: 2026
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"
tracked_by: rio
created: 2026-03-11
---

# Etnl.io

Etnl.io is a mobile wallet project designed to provide hardware-level security through smartphone Secure Enclave integration, eliminating the need for external hardware wallets or seed phrase exposure. The project attempted to raise $500,000 through Futardio's futarchy-governed platform in March 2026 but failed to attract meaningful capital, achieving only $96 in commitments before entering refund status.

## Timeline
- **2026-03-09** — Futardio raise launched with $500,000 target, $30K/month team budget, complete documentation including use of funds, roadmap, and market differentiation
- **2026-03-10** — Raise closed with only $96 committed (0.019% of target), entered refunding status

## Relationship to KB
- [[futardio]] — fundraising platform
- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical evidence of adoption barriers
- [[internet capital markets compress fundraising from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing]] — challenges optimistic claims about capital formation speed