---
type: entity
entity_type: company
name: Etnl.io
domain: internet-finance
status: 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"
  futardio_raise_fill_rate: "0.019%"
  team_monthly_budget: "$30,000"
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. The project proposed a Secure Enclave-based mobile wallet delivering hardware-level security without external devices, targeting crypto-native users who want hardware-grade security without friction.

The Futardio raise failed dramatically, achieving only $96 of a $500,000 target (0.019% fill rate) before entering refund status after one day. This represents the first documented failed raise on the Futardio platform and is notable because the project had complete documentation, clear use of funds, coherent product narrative, and professional presentation.

## Timeline
- **2026-03-09** — Futardio raise launched with $500,000 target
- **2026-03-10** — Raise closed in refunding status with only $96 committed

## Relationship to KB
- [[futardio]] — platform used for fundraise
- [[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 scale claims