7688f0bc6a
- Source: inbox/archive/2026-02-03-futardio-launch-hurupay.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio <HEADLESS>
2.7 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | key_metrics | summary | tracked_by | created | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | decision_market | Hurupay: Futardio Fundraise | internet-finance | failed | hurupay | futardio | Philip Mburu (Hurupay CEO) | https://www.futard.io/launch/HT3ScC7gyo3zTn95s9jR7J3ez5u8HrRfFwD33YjMHLy3 | 2026-02-03 | 2026-02-07 | fundraise |
|
Stablecoin payments platform targeting $3M raise for scaling distribution and U.S. market expansion | rio | 2026-03-11 |
Hurupay: Futardio Fundraise
Summary
Hurupay launched a futarchy-governed fundraise on Futardio targeting $3M minimum (ideally $5M+) to scale cross-border stablecoin payment infrastructure. The raise attracted $2M+ in commitments but fell short of the $3M minimum threshold, entering refunding status after the 4-day window closed. The proposal included detailed traction metrics ($7.2M/month volume, 32% MoM growth, $36M+ processed in 12 months) and capital allocation plans focused on distribution, sales team expansion, and compliance infrastructure.
Market Data
- Outcome: Failed (refunding)
- Funding Target: $3,000,000 minimum
- Total Committed: $2,003,593 (66.8% of target)
- Duration: 2026-02-03 to 2026-02-07 (4 days)
- Token Allocation:
- 39.02% to ICO (10M tokens)
- 42.66% to team on 3-year lockup (10.93M tokens)
- 11.31% to liquidity (2.9M tokens)
- 7% to previous investors on 2-year vest (1.79M tokens)
Significance
First major futarchy-governed fundraise on Futardio for a company with significant existing traction and revenue. The failure despite strong fundamentals ($500K+ revenue, 30K+ users, institutional backing) provides data on market appetite for futarchy ICOs and the challenges of hitting minimum thresholds in permissionless launch environments. The refunding mechanism demonstrated the "unruggable ICO" promise - investors received full capital return when the minimum wasn't met.
Relationship to KB
- futardio - first major launch on the platform
- hurupay - parent company entity
- Demonstrates futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility through isolated failure
- Tests MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale with real capital at stake