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teleo-codex/entities/internet-finance/ranger-rngr.md
Teleo Agents 3f0d6923f8 rio: extract claims from 2026-03-30-telegram-m3taversal-futairdbot-what-happened-to-rngr 
- Source: inbox/queue/2026-03-30-telegram-m3taversal-futairdbot-what-happened-to-rngr.md
- Domain: internet-finance
- Claims: 0, Entities: 1
- Enrichments: 3
- Extracted by: pipeline ingest (OpenRouter anthropic/claude-sonnet-4.5)

Pentagon-Agent: Rio <PIPELINE>
2026-04-15 18:19:22 +00:00

1.3 KiB
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Ranger (RNGR)

Type: Protocol
Domain: internet-finance
Status: Liquidated (March 2026)

Overview

Ranger was a protocol that raised $8M+ through a futarchy-governed ICO on MetaDAO in January 2026. It became the first project to be liquidated by its own tokenholders through futarchy governance after allegations of material misrepresentation.

Timeline

  • November 2025 — ICO announcement
  • December 2025 — Co-founder presentation claiming $5B volume and $2M revenue for 2025
  • January 2026 — Raised $8M+ via futarchy ICO on MetaDAO
  • Early March 2026 — Liquidation proposal brought by RNGR holders alleging material misrepresentations; on-chain analysis showed ~$2B volume and $500K revenue (both down 90%+ from claimed figures); activity flatlined after ICO announcement
  • March 12, 2026 — Liquidation snapshot; holders received ~5.04 USDC per RNGR from treasury

Significance

Ranger's liquidation was the first real-world test of the "unruggable ICO" thesis, demonstrating that futarchy governance can enforce investor protection by unwinding projects and returning capital when teams materially misrepresent. The liquidation also overrode a prior 90-day cooldown on buyback/liquidation proposals, showing futarchy can override its own prior decisions when new evidence emerges.