20bf719011
- Source: inbox/archive/2026-02-03-futardio-launch-hurupay.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
61 lines
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2.6 KiB
Markdown
61 lines
No EOL
2.6 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "Futardio: Hurupay Fundraise"
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domain: internet-finance
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status: failed
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parent_entity: "[[hurupay]]"
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platform: futardio
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proposal_url: "https://www.futard.io/launch/HT3ScC7gyo3zTn95s9jR7J3ez5u8HrRfFwD33YjMHLy3"
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proposal_date: 2026-02-03
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resolution_date: 2026-02-07
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category: fundraise
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summary: "Hurupay's $3M futarchy-governed fundraise on Futardio that raised $2M in commitments but entered refunding status"
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key_metrics:
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target: "$3,000,000"
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committed: "$2,003,593"
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outcome: "Refunding"
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duration_days: 4
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tracked_by: rio
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created: 2026-03-11
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---
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# Futardio: Hurupay Fundraise
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## Summary
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Hurupay launched a $3M fundraise on Futardio (MetaDAO's futarchy launchpad) on 2026-02-03, targeting capital to scale their stablecoin-native cross-border payments platform. The raise attracted $2M+ in commitments over 4 days but ultimately entered "Refunding" status, returning capital to participants.
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## Market Data
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- **Target:** $3,000,000
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- **Committed:** $2,003,593 (66.8% of target)
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- **Outcome:** Refunding
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- **Duration:** 2026-02-03 to 2026-02-07 (4 days)
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- **Token:** HUR (HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta)
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- **Platform version:** Futardio v0.7
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## DAO Configuration
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- **Pass threshold:** 300bps
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- **Stake requirement:** 1.5M HURU
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- **Proposal duration:** 3 days
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- **Team-sponsored pass threshold:** -300bps
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- **Team-sponsored stake requirement:** 0 HURU
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## Token Allocation (Proposed)
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- 39.02% to ICO (10M tokens)
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- 11.31% to liquidity (2.9M tokens)
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- 42.66% to team on 3-year lockup (10.93M tokens)
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- 7% to previous investors on 2-year vest (1.79M tokens)
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## Significance
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This launch demonstrates several aspects of futarchy-governed fundraising:
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1. **Speed:** $2M+ committed in 4 days, confirming [[internet-capital-markets-compress-fundraising-timelines]]
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2. **Refunding mechanism:** The "Refunding" status shows futarchy-governed liquidation in action—investors can force capital return when conditions aren't met
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3. **Real company traction:** Unlike meme coins, Hurupay had $36M processed volume and $500K revenue before raising
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4. **Brand separation:** Launch occurred on Futardio (separate brand) rather than MetaDAO directly, managing reputational risk
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## Relationship to KB
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- [[hurupay]] — company raising capital
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- [[futardio]] — platform used
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- [[MetaDAO]] — parent organization
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- Confirms [[futarchy-governed-liquidation-is-the-enforcement-mechanism-that-makes-unruggable-ICOs-credible-because-investors-can-force-full-treasury-return-when-teams-materially-misrepresent]]
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- Demonstrates [[internet-capital-markets-compress-fundraising-timelines]] with 4-day execution |