3e6c2a10b3
- Source: inbox/archive/2026-02-03-futardio-launch-hurupay.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
65 lines
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2.8 KiB
Markdown
65 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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summary: "$3M fundraise for stablecoin payments platform; refunded after reaching $2M (66.8% of target)"
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key_metrics:
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funding_target: "$3,000,000"
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total_committed: "$2,003,593"
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fill_rate: "66.8%"
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duration_days: 4
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token_allocation_team: "42.66% (3-year lockup)"
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token_allocation_ico: "39.02%"
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token_allocation_liquidity: "11.31%"
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token_allocation_previous_investors: "7% (2-year vest)"
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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 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.
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## Market Data
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- **Outcome:** Failed (Refunding)
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- **Target:** $3,000,000
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- **Committed:** $2,003,593 (66.8%)
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- **Duration:** 4 days (2026-02-03 to 2026-02-07)
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- **Token:** HUR (HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta)
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## Token Allocation
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- 39.02% to ICO (10M tokens)
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- 42.66% to team on 3-year lockup (10.93M tokens)
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- 11.31% to liquidity (2.9M tokens)
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- 7% to previous investors on 2-year vest (1.79M tokens)
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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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## Significance
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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:
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1. Skepticism of self-reported metrics
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2. Rejection of valuation (42.66% team allocation)
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3. Assessment of non-viable business model
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4. Insufficient liquidity/awareness in 4-day window
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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.
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## Relationship to KB
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- [[hurupay]] — parent entity
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- [[futardio]] — platform
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- Validates [[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 from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing]] |