teleo/teleo-codex
8
0
Fork 0
Code Issues 22 Pull requests 3 Projects Releases Packages Wiki Activity Actions 1
teleo-codex/entities/internet-finance/hurupay-futardio-fundraise.md
Teleo Agents 3e6c2a10b3 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 11:46:58 +00:00

2.8 KiB
Raw Blame History

type entity_type name domain status parent_entity platform proposal_url proposal_date resolution_date category summary key_metrics 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 $3M fundraise for stablecoin payments platform; refunded after reaching $2M (66.8% of target)
funding_target total_committed fill_rate duration_days token_allocation_team token_allocation_ico token_allocation_liquidity token_allocation_previous_investors
$3,000,000 $2,003,593 66.8% 4 42.66% (3-year lockup) 39.02% 11.31% 7% (2-year vest)
rio 2026-03-11

Hurupay: Futardio Fundraise

Summary

Hurupay attempted to raise $3M on Futardio to scale its stablecoin-based cross-border payments platform. Despite presenting substantial traction ($36M processed volume, 30K users, $500K revenue), the fundraise entered refunding status after committing $2M (66.8% of target) in a 4-day window.

Market Data

  • Outcome: Failed (Refunding)
  • Target: $3,000,000
  • Committed: $2,003,593 (66.8%)
  • Duration: 4 days (2026-02-03 to 2026-02-07)
  • Token: HUR (HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta)

Token Allocation

  • 39.02% to ICO (10M tokens)
  • 42.66% to team on 3-year lockup (10.93M tokens)
  • 11.31% to liquidity (2.9M tokens)
  • 7% to previous investors on 2-year vest (1.79M tokens)

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

Significance

This is the first documented case of a futarchy-governed fundraise entering refunding status on the Futardio platform, demonstrating the liquidation mechanism in practice. The market rejected the raise despite legitimate traction metrics, suggesting either:

  1. Skepticism of self-reported metrics
  2. Rejection of valuation (42.66% team allocation)
  3. Assessment of non-viable business model
  4. Insufficient liquidity/awareness in 4-day window

The refunding validates futarchy's investor protection model—the mechanism can force liquidation even when teams present substantial traction, creating a higher bar than traditional VC fundraising.

Relationship to KB