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

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

Etnl.io

Etnl.io is a mobile wallet project designed to deliver hardware-level security through smartphone Secure Enclave integration, eliminating the need for external hardware devices. The project attempted to raise $500,000 through Futardio's futarchy-governed platform but failed to attract sufficient participation, raising only $96 before entering refunding status.

Timeline

• 2026-03-09 — etnlio-futardio-fundraise launched on Futardio with $500K target
• 2026-03-10 — Raise entered refunding status with only $96 committed (0.019% of target)

Relationship to KB

• First documented failed raise on futardio platform with professional documentation
• Evidence for futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements
• Challenges 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