5e1893855e
- Source: inbox/archive/2026-03-05-futardio-launch-git3.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
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2 KiB
Markdown
54 lines
No EOL
2 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "Git3: Futardio Fundraise"
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domain: internet-finance
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status: failed
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parent_entity: "[[git3]]"
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platform: "futardio"
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proposal_url: "https://www.futard.io/launch/HKRDmghovXSCMobiRCZ7BBdHopEizyKmnhJKywjk3vUa"
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proposal_date: 2026-03-05
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resolution_date: 2026-03-06
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category: "fundraise"
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summary: "Git3 attempted to raise $100K for on-chain Git infrastructure development through Futardio but reached only 28% of target before refunding"
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key_metrics:
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funding_target: "$100,000"
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total_committed: "$28,266"
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commitment_ratio: "28.3%"
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token: "6VT"
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token_mint: "6VTMeDtrtimh2988dhfYi2rMEDVdYzuHoSgERUmdmeta"
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tracked_by: rio
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created: 2026-03-11
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---
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# Git3: Futardio Fundraise
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## Summary
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Git3 launched a futarchy-governed fundraise on Futardio targeting $100,000 to accelerate development of on-chain Git infrastructure with x402 monetization. The raise attracted $28,266 (28.3% of target) before entering refunding status, representing a failed capital formation attempt for blockchain-based code storage infrastructure.
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## Market Data
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- **Outcome:** Failed (Refunding)
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- **Platform:** Futardio
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- **Target:** $100,000
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- **Committed:** $28,266 (28.3%)
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- **Duration:** 2026-03-05 to 2026-03-06 (1 day)
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- **Token:** 6VT
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## Significance
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This represents a test case for futarchy-governed fundraising for developer infrastructure. The low commitment ratio (28.3%) suggests either:
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1. Market skepticism about on-chain Git storage value proposition
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2. Insufficient liquidity/awareness in early Futardio ecosystem
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3. Competitive positioning challenges versus established Git hosting
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4. Timing issues with developer infrastructure fundraising
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The rapid refunding (within 1 day) demonstrates the unruggable ICO mechanism working as designed — investors can force liquidation when projects fail to meet funding thresholds.
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## Relationship to KB
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- [[git3]] — parent company entity
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- [[futardio]] — fundraising platform
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- [[MetaDAO]] — underlying futarchy infrastructure
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- Tests futarchy-governed fundraising for developer tools market |