25124df658
- Source: inbox/archive/2026-02-03-futardio-launch-hurupay.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
56 lines
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2.8 KiB
Markdown
56 lines
No EOL
2.8 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "Hurupay: Futardio 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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raise_target: "$3,000,000"
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total_committed: "$2,003,593"
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token_symbol: HUR
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token_mint: "HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta"
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summary: "Stablecoin payments platform raised $2M of $3M target before entering refunding status"
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tracked_by: rio
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created: 2026-03-11
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---
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# Hurupay: Futardio Fundraise
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## Summary
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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.
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## Market Data
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- **Outcome:** Failed (Refunding)
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- **Capital Committed:** $2,003,593 / $3,000,000 target
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- **Duration:** 4 days (2026-02-03 to 2026-02-07)
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- **Token Allocation:** 25.625M total supply (39.02% ICO, 11.31% liquidity, 42.66% team 3-year lockup, 7% previous investors 2-year vest)
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## DAO Configuration
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- Team Sponsored Pass Threshold: -300bps
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- Team Sponsored Stake Requirement: 0 HURU
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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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## Use of Funds (Proposed)
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- Scale distribution and sales (UGC marketing, influencer, paid ads)
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- Expand sales and customer success team for U.S./global business payroll
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- Scale referral programs for worker-driven growth
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- Compliance and licensing (U.S. MTL, EU VASP)
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- Liquidity and FX depth for faster settlement
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- Product expansion (virtual/physical cards, on-chain FX)
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- Security and operational hardening
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## Significance
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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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## Relationship to KB
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- [[hurupay]] — parent entity
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- [[futardio]] — platform
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- [[internet-capital-markets-compress-fundraising-timelines]] — demonstrates 4-day raise vs 2+ years traditional
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- [[futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility]] — case of brand separation protecting MetaDAO |