97c1225acb
- Source: inbox/archive/2026-03-09-futardio-launch-etnlio.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 3) Pentagon-Agent: Rio <HEADLESS>
33 lines
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1.8 KiB
Markdown
33 lines
No EOL
1.8 KiB
Markdown
---
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type: entity
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entity_type: company
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name: "Etnl.io"
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domain: internet-finance
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status: fundraising_failed
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website: "https://etnl.io"
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twitter: "https://x.com/etnl_io"
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telegram: "https://t.me/etnlio"
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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futardio_raise_target: "$500,000"
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futardio_raise_committed: "$96"
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monthly_burn: "$30,000"
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raise_duration: "24 hours"
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---
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# Etnl.io
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Etnl.io is a mobile wallet project focused on hardware-level security through Secure Enclave integration. The project attempted to raise $500,000 through Futardio in March 2026 but failed to reach minimum threshold, becoming the first documented failed raise on the platform.
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## Timeline
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- **2026-03-09** — Launched Futardio raise targeting $500,000 with $30K/month team budget for Secure Enclave mobile wallet development
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- **2026-03-10** — Raise entered refunding status after raising only $96 (0.019% of target)
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## Product
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ETNL positions itself as next-generation mobile self-custody, leveraging smartphone Secure Enclaves and biometric systems to generate and store cryptographic keys entirely on-device. Architecture includes continuous integrity verification, authenticated software updates, and on-device transaction simulation. Target market: crypto-native users and institutional-leaning individuals seeking hardware-grade security without external devices.
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## Relationship to KB
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- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — first documented Futardio failure provides empirical evidence of adoption barriers
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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]] — challenges claim about platform achieving scale
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- [[futardio]] — failed raise on this platform |