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teleo-codex/entities/internet-finance/hurupay-futardio-fundraise.md
Teleo Agents 25124df658 rio: extract from 2026-02-03-futardio-launch-hurupay.md 
- Source: inbox/archive/2026-02-03-futardio-launch-hurupay.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 5)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 08:40:17 +00:00

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type entity_type name domain status parent_entity platform proposal_url proposal_date resolution_date category raise_target total_committed token_symbol token_mint summary tracked_by created
entity decision_market Hurupay: Futardio Fundraise internet-finance failed hurupay futardio https://www.futard.io/launch/HT3ScC7gyo3zTn95s9jR7J3ez5u8HrRfFwD33YjMHLy3 2026-02-03 2026-02-07 fundraise $3,000,000 $2,003,593 HUR HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta Stablecoin payments platform raised $2M of $3M target before entering refunding status rio 2026-03-11

Hurupay: Futardio Fundraise

Summary

Hurupay attempted to raise $3M through Futardio's futarchy-governed ICO to scale its stablecoin-based cross-border payments platform. The raise attracted $2,003,593 (66.8% of target) over 4 days before entering REFUNDING status, demonstrating both the speed of futarchy-based capital formation and the market's ability to reject projects that don't meet the funding threshold.

Market Data

  • Outcome: Failed (Refunding)
  • Capital Committed: $2,003,593 / $3,000,000 target
  • Duration: 4 days (2026-02-03 to 2026-02-07)
  • Token Allocation: 25.625M total supply (39.02% ICO, 11.31% liquidity, 42.66% team 3-year lockup, 7% previous investors 2-year vest)

DAO Configuration

  • Team Sponsored Pass Threshold: -300bps
  • Team Sponsored Stake Requirement: 0 HURU
  • Pass Threshold: 300bps
  • Stake Requirement: 1.5M HURU
  • Proposal Duration: 3 days

Use of Funds (Proposed)

  • Scale distribution and sales (UGC marketing, influencer, paid ads)
  • Expand sales and customer success team for U.S./global business payroll
  • Scale referral programs for worker-driven growth
  • Compliance and licensing (U.S. MTL, EU VASP)
  • Liquidity and FX depth for faster settlement
  • Product expansion (virtual/physical cards, on-chain FX)
  • Security and operational hardening

Significance

This launch demonstrates futarchy-governed fundraising in practice: rapid capital commitment ($2M in 4 days) followed by market-enforced refunding when the threshold wasn't met. The case shows how conditional markets create credible exit guarantees for investors while allowing permissionless capital formation attempts. The refunding outcome validates the "unruggable ICO" mechanism—investors get full treasury return when projects fail to meet their stated targets.

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