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>
46 lines
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2.1 KiB
Markdown
46 lines
No EOL
2.1 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "Futardio: FitByte Fundraise"
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domain: internet-finance
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status: failed
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parent_entity: "[[futardio]]"
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platform: "futardio"
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proposer: "FitByte team"
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proposal_url: "https://www.futard.io/launch/8AsLQuzVHwAjiQa9pkgoPHkEy523X7gQYs9zJfMtiqi2"
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proposal_date: 2026-02-26
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resolution_date: 2026-02-27
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category: "fundraise"
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summary: "Health and fitness protocol combining workout-to-earn with sovereign health data marketplace"
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funding_target: "$500,000"
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total_committed: "$23"
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outcome: "refunding"
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tracked_by: rio
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created: 2026-03-11
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---
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# Futardio: FitByte Fundraise
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## Summary
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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.
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## Market Data
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- **Outcome:** Failed (refunding)
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- **Funding Target:** $500,000
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- **Total Committed:** $23
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- **Launch Date:** 2026-02-26
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- **Close Date:** 2026-02-27
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- **Commitment Rate:** 0.0046%
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## Significance
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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.
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## Relationship to KB
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- [[futardio]] — launch platform
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- [[MetaDAO]] — parent organization
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- [[fitbyte]] — project entity
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- 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 |