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>
48 lines
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2.7 KiB
Markdown
48 lines
No EOL
2.7 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "Hurupay: Futardio Fundraise"
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domain: internet-finance
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status: failed
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parent_entity: "[[hurupay]]"
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platform: futardio
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proposer: "Philip Mburu (Hurupay CEO)"
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proposal_url: "https://www.futard.io/launch/HT3ScC7gyo3zTn95s9jR7J3ez5u8HrRfFwD33YjMHLy3"
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proposal_date: 2026-02-03
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resolution_date: 2026-02-07
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category: fundraise
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key_metrics:
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funding_target: "$3,000,000"
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total_committed: "$2,003,593"
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commitment_ratio: "66.8%"
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token_symbol: "HUR"
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token_mint: "HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta"
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summary: "Stablecoin payments platform targeting $3M raise for scaling distribution and U.S. market expansion"
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tracked_by: rio
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created: 2026-03-11
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---
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# Hurupay: Futardio Fundraise
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## Summary
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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.
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## Market Data
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- **Outcome:** Failed (refunding)
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- **Funding Target:** $3,000,000 minimum
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- **Total Committed:** $2,003,593 (66.8% of target)
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- **Duration:** 2026-02-03 to 2026-02-07 (4 days)
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- **Token Allocation:**
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- 39.02% to ICO (10M tokens)
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- 42.66% to team on 3-year lockup (10.93M tokens)
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- 11.31% to liquidity (2.9M tokens)
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- 7% to previous investors on 2-year vest (1.79M tokens)
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## Significance
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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.
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## Relationship to KB
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- [[futardio]] - first major launch on the platform
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- [[hurupay]] - parent company entity
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- 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
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- 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 |