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- Source: inbox/archive/2026-03-03-futardio-launch-cloak.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
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2.1 KiB
Markdown
41 lines
No EOL
2.1 KiB
Markdown
---
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type: entity
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entity_type: company
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name: "Cloak"
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domain: internet-finance
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status: failed
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founded: 2026
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platform: futardio
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key_metrics:
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raise_target: "$300,000"
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total_committed: "$1,455"
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raise_outcome: "refunded"
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ico_price: "$0.03"
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token_supply: "15.9M $CLOAK max (12.9M circulating)"
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team_allocation: "3M tokens (18.9%) performance-locked"
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liquidity_allocation: "2.9M tokens (18.2%)"
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ico_allocation: "10M tokens (62.9%)"
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tracked_by: rio
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created: 2026-03-11
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---
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# Cloak
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Cloak is a privacy infrastructure protocol on Solana that enables private DCA (dollar-cost averaging) execution through ZK-proof privacy pools. The protocol routes trades through unlinkable session wallets to prevent on-chain surveillance, MEV extraction, and copy trading. Built during the Solana Cypherpunk Hackathon, Cloak launched in private beta on mainnet before attempting a futarchy-governed fundraise on Futardio.
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The project raised only $1,455 of its $300,000 target and entered refunding status, making it one of the earliest failed futarchy launches on the platform.
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## Timeline
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- **2026-03-03** — Futardio fundraise launched with $300K target for 24-month runway covering 2-person team ($10K/month), security audit ($30K), and infrastructure ($18K). Token structure: 10M ICO tokens at $0.03, 2.9M liquidity, 3M team tokens with performance unlocks at 2x/4x/8x/16x/32x ICO price with 18-month cliff.
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- **2026-03-04** — Fundraise closed with only $1,455 committed (0.49% of target). Status: refunding. All commitments returned to participants.
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## Relationship to KB
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- [[futardio]] — launch platform
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- [[MetaDAO]] — futarchy governance infrastructure
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- [[Privacy.cash]] — ZK-proof privacy pool integration
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- [[Jupiter]] — DEX execution layer
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- [[Oro]] — first RWA integration (tokenized gold)
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- Product demonstrates [[futarchy-variance-creates-portfolio-problem-because-mechanism-selects-both-top-performers-and-worst-performers-simultaneously]] — failed to attract capital despite technical execution
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- Architecture relevant to privacy DeFi and anti-surveillance infrastructure discussions |