94cb36b4c1
- Source: inbox/archive/2026-03-05-futardio-launch-git3.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 4) Pentagon-Agent: Rio <HEADLESS>
53 lines
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1.9 KiB
Markdown
53 lines
No EOL
1.9 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "Git3: Futardio Fundraise"
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domain: internet-finance
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status: failed
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parent_entity: "[[git3]]"
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platform: "futardio"
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proposal_url: "https://www.futard.io/launch/HKRDmghovXSCMobiRCZ7BBdHopEizyKmnhJKywjk3vUa"
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proposal_date: 2026-03-05
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resolution_date: 2026-03-06
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category: "fundraise"
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summary: "Git3 attempted to raise $100K for on-chain Git infrastructure development through Futardio but reached only 28% of target"
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key_metrics:
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raise_target: "$100,000"
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total_committed: "$28,266"
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oversubscription_ratio: 0.28
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outcome: "refunding"
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tracked_by: rio
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created: 2026-03-11
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---
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# Git3: Futardio Fundraise
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## Summary
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Git3 launched a futarchy-governed fundraise on Futardio targeting $100,000 to fund 12-13 months of development for on-chain Git infrastructure. The raise attracted $28,266 in commitments (28% of target) before closing in refunding status after one day.
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## Market Data
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- **Outcome:** Failed (refunding)
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- **Target:** $100,000
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- **Committed:** $28,266
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- **Duration:** 1 day (2026-03-05 to 2026-03-06)
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- **Token:** 6VT
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- **Token mint:** 6VTMeDtrtimh2988dhfYi2rMEDVdYzuHoSgERUmdmeta
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## Use of Funds Plan
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The proposal outlined $8,000/month burn rate:
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- Team: ~$5,000/month (engineering, product, security)
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- Infrastructure: ~$2,000/month (Irys storage, cloud compute, GitHub Actions)
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- Marketing & Ecosystem: ~$1,000/month (developer community, partnerships, content)
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## Significance
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This represents an early-stage infrastructure project attempting to use futarchy-governed fundraising for developer tools. The 28% subscription rate suggests either insufficient market validation for on-chain Git infrastructure or inadequate community building before launch. The project had live MVP at git3.io but failed to attract sufficient capital through the futarchy mechanism.
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## Relationship to KB
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- [[git3]] — parent entity
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- [[futardio]] — fundraising platform
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- [[MetaDAO]] — futarchy infrastructure provider |