3edb6b0fce
- Source: inbox/archive/2026-02-03-futardio-launch-hurupay.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
60 lines
No EOL
2.9 KiB
Markdown
60 lines
No EOL
2.9 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: "Hurupay attempted to raise $3M minimum ($5M+ ideal) on Futardio for cross-border payments infrastructure scaling"
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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raise_target: "$3,000,000"
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total_committed: "$2,003,593"
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token_ticker: HUR
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token_mint: HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta
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ico_allocation: "39.02%"
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liquidity_allocation: "11.31%"
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team_allocation: "42.66% (3-year lockup)"
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investor_allocation: "7% (2-year vest)"
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monthly_spending: "$250,000"
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---
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# Hurupay: Futardio Fundraise
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## Summary
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Hurupay launched a futarchy-governed fundraise on Futardio targeting $3M minimum (ideally $5M+) to scale its stablecoin-based cross-border payments platform. The company brought substantial traction: $36M+ processed volume, $500K+ revenue, 30K+ users, and 15 business customers. Despite strong fundamentals, the raise committed $2,003,593 before entering refunding status on 2026-02-07.
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## Market Data
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- **Outcome:** Failed (Refunding)
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- **Raise Target:** $3,000,000 minimum
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- **Total Committed:** $2,003,593 (66.8% of target)
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- **Token:** HUR (HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta)
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- **Launch Date:** 2026-02-03
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- **Resolution Date:** 2026-02-07
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## Token Allocation
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- 39.02% to ICO (10,000,000 tokens)
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- 11.31% to liquidity (2,900,000 tokens)
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- 42.66% to team on 3-year lockup (10,931,250 tokens)
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- 7% to previous investors on 2-year vest (1,793,750 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 launch demonstrates futarchy-governed fundraising for a real-revenue payments company with proven product-market fit. The refunding outcome shows the mechanism can protect investors when market conditions or capital commitment don't meet thresholds, even for fundamentally strong projects. Hurupay's traction (32% MoM growth, $7.2M monthly volume) suggests the refunding reflects market timing or liquidity constraints rather than fundamental viability concerns.
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## Relationship to KB
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- [[hurupay]] — parent entity
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- [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]] — demonstrates platform in action
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- [[futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent]] — refunding status shows investor protection mechanism |