586cb2e1b3
- 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 | proposer | proposal_url | 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 | FitByte team | https://www.futard.io/launch/8AsLQuzVHwAjiQa9pkgoPHkEy523X7gQYs9zJfMtiqi2 | 2026-02-26 | 2026-02-27 | fundraise | Health and fitness protocol combining workout-to-earn with sovereign health data marketplace | $500,000 | $23 | refunding | rio | 2026-03-11 |
Futardio: FitByte Fundraise
Summary
FitByte proposed a Solana-based health protocol combining workout-to-earn token rewards with user-owned health data and a marketplace for monetizing that data with researchers and clinical trial operators. The project launched through MetaDAO's Unruggable ICO platform with a $500,000 funding target but attracted only $23 in commitments before closing and entering refunding status after one day.
Market Data
- Outcome: Failed (refunding)
- Funding Target: $500,000
- Total Committed: $23
- Launch Date: 2026-02-26
- Close Date: 2026-02-27
- Commitment Rate: 0.0046%
Significance
This represents one of the most decisive market rejections on the Futardio platform despite the project's alignment with stated platform values (user sovereignty, transparent governance, anti-rug mechanisms). The failure suggests that mechanism design alignment and governance structure are insufficient to overcome fundamental market skepticism about project viability or team credibility. The near-zero commitment level ($23 on a $500K target) indicates the market priced this as non-viable from launch rather than a close decision that narrowly failed.
Relationship to KB
- futardio — launch platform
- MetaDAO — parent organization
- fitbyte — project entity
- Demonstrates limits of futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control when underlying project lacks credibility