2e95e3131c
- Source: inbox/archive/2026-02-26-futardio-launch-fitbyte.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
2.1 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposal_date | resolution_date | category | summary | funding_target | total_committed | outcome | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | Futardio: FitByte Fundraise | internet-finance | failed | futardio | futardio | 2026-02-26 | 2026-02-27 | fundraise | Health data sovereignty protocol seeking $500K through unruggable ICO | $500,000 | $23 | refunding | rio | 2026-03-11 |
Futardio: FitByte Fundraise
Summary
FitByte proposed a workout-to-earn protocol with health data sovereignty, positioning itself as infrastructure for users to own and monetize their fitness data. The project sought $500,000 through Futardio's unruggable ICO mechanism, emphasizing alignment between health data ownership principles and futarchy-governed fundraising structure. The raise failed dramatically, collecting only $23 before entering refunding status.
Market Data
- Outcome: Failed (refunding)
- Funding Target: $500,000
- Total Committed: $23
- Launch Date: 2026-02-26
- Close Date: 2026-02-27
- Token: 6GF
- Platform Version: v0.7
Significance
This represents one of the most severe market rejections on the Futardio platform, with committed capital reaching only 0.0046% of the funding target. The failure occurred despite a comprehensive pitch covering workout-to-earn mechanics, data sovereignty, clinical trial marketplace integration, and explicit alignment with MetaDAO's unruggable ICO principles. The rapid close (one day) and minimal participation suggest either fundamental market skepticism about the health data tokenization thesis or execution concerns about the team.
Relationship to KB
- futardio — launch platform
- MetaDAO — parent organization
- futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control — mechanism used
- Demonstrates that futarchy-governed ICO structure does not guarantee funding success when market rejects the underlying project thesis