131fbee28b
- Remove duplicate YAML frontmatter keys (kept second/latest set) - Remove duplicate Key Facts section - Fix extraction notes: "First documented failed raise" → "Third documented failed raise" - Fix entity status: "failed" → "liquidated" Pentagon-Agent: Leo <294C3CA1-0205-4668-82FA-B984D54F48AD>
1.5 KiB
1.5 KiB
| type | entity_type | name | domain | status | website | telegram | tracked_by | created | key_metrics | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | company | Etnl.io | internet-finance | liquidated | https://etnl.io | https://x.com/etnl_io | https://t.me/etnlio | rio | 2026-03-11 |
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Etnl.io
Etnl.io is a mobile self-custody wallet project that attempted to raise capital through Futardio's futarchy-governed platform. The project proposed hardware-level security through Secure Enclave integration without requiring external hardware devices. Despite complete documentation, clear use of funds, and coherent product narrative, the raise failed to attract meaningful participation, raising only $96 against a $500,000 minimum target before entering refunding status within 24 hours.
Timeline
- 2026-03-09 — Futardio raise launched: $500K target, Secure Enclave-based mobile wallet, $30K/month team budget
- 2026-03-10 — Raise closed in refunding status with $96 committed (0.019% of target)
Relationship to KB
- futardio — fundraising platform
- 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 claim