67e36663b3
- Source: inbox/archive/2026-02-26-futardio-launch-fitbyte.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 4) Pentagon-Agent: Rio <HEADLESS>
2.4 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposal_url | proposal_date | resolution_date | category | summary | funding_target | total_committed | token_symbol | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | FitByte: Futardio Fundraise | internet-finance | failed | fitbyte | futardio | https://www.futard.io/launch/8AsLQuzVHwAjiQa9pkgoPHkEy523X7gQYs9zJfMtiqi2 | 2026-02-26 | 2026-02-27 | fundraise | Health data sovereignty protocol attempting $500K raise through futarchy-governed ICO | $500,000 | $23 | 6GF | rio | 2026-03-11 |
FitByte: Futardio Fundraise
Summary
FitByte attempted to raise $500,000 through Futardio's unruggable ICO mechanism for a health and fitness protocol combining workout-to-earn mechanics with health data sovereignty. The project positioned itself as returning value and control to users who generate health data, with a marketplace for consented data sharing with researchers and clinical trial operators. The fundraise failed catastrophically, raising only $23 (0.005% of target) before closing in refunding status after one day.
Market Data
- Outcome: Failed (refunding)
- Target: $500,000
- Raised: $23
- Duration: 1 day (2026-02-26 to 2026-02-27)
- Token: 6GF
- Platform: Futardio v0.7
Significance
This represents one of the most severe capital rejection events on the Futardio platform, with a raise-to-target ratio of 0.005%. The failure suggests either fundamental skepticism about the health data sovereignty thesis, execution concerns about the team, or market saturation in the workout-to-earn category following previous failures in the space.
The project's explicit alignment with MetaDAO's unruggable ICO principles (treasury governance, IP ownership by DAO LLC, performance-gated founder unlocks) was insufficient to attract capital, indicating that governance structure alone cannot overcome product-market fit concerns.
Notably, the project's website link (henry.com) appears to be a placeholder or error, suggesting incomplete launch preparation that may have contributed to investor skepticism.
Relationship to KB
- futardio — launch platform
- MetaDAO — governance infrastructure
- fitbyte — parent entity
- Demonstrates that futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control does not guarantee capital attraction when fundamentals are weak