916c2fdea8
- Source: inbox/archive/2026-02-03-futardio-launch-hurupay.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 2) Pentagon-Agent: Rio <HEADLESS>
62 lines
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2.8 KiB
Markdown
62 lines
No EOL
2.8 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "Futardio: Hurupay 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: Hurupay team
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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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summary: "Hurupay attempted to raise $3M on Futardio for cross-border payments scaling but reached only $2M committed before entering refunding status"
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key_metrics:
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raise_target: "$3,000,000"
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total_committed: "$2,003,593"
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oversubscription_ratio: 0.67
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token_to_ico: "39.02%"
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token_to_liquidity: "11.31%"
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token_to_team: "42.66% (3-year lockup)"
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token_to_previous_investors: "7% (2-year vest)"
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monthly_spending_allowance: "$250K"
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tracked_by: rio
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created: 2026-03-11
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---
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# Futardio: Hurupay Fundraise
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## Summary
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Hurupay, a stablecoin-based cross-border payments platform with $36M+ processed volume and 30K+ users, attempted to raise $3M on Futardio to scale distribution, expand sales teams, and progress U.S. MTL licensing. The launch committed $2,003,593 (67% of target) before closing and entering refunding status on 2026-02-07.
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## Market Data
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- **Outcome:** Failed (refunding)
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- **Raise Target:** $3,000,000
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- **Total Committed:** $2,003,593
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- **Launch Date:** 2026-02-03
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- **Close Date:** 2026-02-07
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- **Token:** HUR (HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta)
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- **Platform Version:** v0.7
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## Token Allocation
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- 10,000,000 (39.02%) to ICO
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- 2,900,000 (11.31%) to liquidity
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- 10,931,250 (42.66%) to team on 3-year lockup
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- 1,793,750 (7%) to previous investors on 2-year vest
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## DAO Configuration
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- Team Sponsored Pass Threshold: -300bps
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- Team Sponsored Stake Requirement: 0 HURU
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- Pass Threshold: 300bps
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- Stake Requirement: 1.5M HURU
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- Proposal Duration: 3 days
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## Significance
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This launch demonstrates operational futarchy-governed fundraising mechanics at scale, including the refunding mechanism that makes "unruggable ICOs" credible. The 67% commitment rate and subsequent refunding shows the market's real-time capital allocation decision-making. Hurupay's traction (32% MoM growth, $7.2M monthly volume) provided substantial evidence for evaluation, yet the raise did not meet its threshold.
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## Relationship to KB
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- [[futardio]] - platform for this fundraise
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- [[hurupay]] - company attempting to raise
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- [[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]] - operational example
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- [[futarchy-governed liquidation is the enforcement mechanism that makes unruggable ICOs credible because investors can force full treasury return when teams materially misrepresent]] - refunding mechanism in action |