teleo-codex/entities/internet-finance/etnlio.md

type	entity_type	name	domain	status	website	social	key_metrics	tracked_by	created
entity	company	Etnl.io	internet-finance	fundraising_failed	https://etnl.io	twitter telegram https://x.com/etnl_io https://t.me/etnlio	futardio_raise_target futardio_raise_committed monthly_team_budget raise_outcome $500,000 $96 $30,000 refunding	rio	2026-03-11

Etnl.io

Etnl.io is a mobile wallet project that attempted to raise capital through Futardio's futarchy-governed platform in March 2026. The project proposed a Secure Enclave-based mobile wallet delivering hardware-level security without requiring external devices. The Futardio raise failed to reach minimum threshold, attracting only $96 of a $500,000 target before refunding.

Timeline

• 2026-03-09 — Futardio raise launched with $500,000 target, $30K/month team budget, Secure Enclave-based mobile wallet product
• 2026-03-10 — Raise closed in refunding status with $96 total committed (0.019% of target)

Relationship to KB

• futardio — platform used for failed capital raise
• futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements — empirical evidence of adoption barriers
• 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 — challenges product-market fit claim