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

type	entity_type	name	domain	status	founded	platform	key_metrics	tracked_by	created
entity	company	MycoRealms	internet-finance	failed	2025	futardio	raise_target total_committed raise_outcome token_supply team_allocation monthly_allowance $200,000 $158,067 REFUNDING 15.9M max (12.9M circulating at launch) 3M tokens (18.9%) with performance-only vesting $10,000	rio	2026-03-11

MycoRealms

MycoRealms attempted to build the first futarchy-governed agricultural operation — a climate-controlled button mushroom production facility with all major capital expenditures governed through MetaDAO's futarchy system. The project raised $158,067 toward a $200,000 target before entering REFUNDING status after failing to reach the target in the 24-hour raise window.

The governance structure separated operational control from capital deployment: the team operated on a fixed $10,000 monthly allowance while any expenditure beyond that threshold required futarchy proposal approval. The first post-raise proposal would have been a $50,000 CAPEX withdrawal for infrastructure construction (accommodation, 3 growing rooms with automated climate control, DG set).

Team allocation used performance-only vesting: 3M tokens (18.9% of supply) locked at launch with five tranches unlocking at 2x, 4x, 8x, 16x, and 32x the ICO price, evaluated via 3-month TWAP with an 18-month minimum cliff.

Timeline

• 2025 — Team preparation: internship at ICAR-DMR Solan (India's national mushroom research institute), hands-on work in commercial farms, market research, vendor quotations, verbal commitments from 15+ wholesalers
• 2026-03-03 — Futardio launch: $200K raise target, 24-hour window
• 2026-03-04 — Raise closed in REFUNDING status after reaching $158,067 (79% of target)

Team

• crypticmeta — Freelance blockchain developer on Solana and Bitcoin since 2018. Previously built and scaled OrdinalNovus (CBRC token exchange on Bitcoin Ordinals, $30M trading volume)
• Ram — 5+ years in commercial mushroom production, managed operations across 5-6 growing units, handled end-to-end production and wholesale distribution across 5 states

Relationship to KB

First documented attempt to apply futarchy governance to physical infrastructure with measurable operational variables (temperature, humidity, CO2, yield). Demonstrates both the potential and challenges of extending MetaDAO governance mechanisms beyond purely digital protocols to agricultural operations requiring transparent operational reporting and capital deployment oversight.

• myco-realms-demonstrates-futarchy-governed-physical-infrastructure-through-125k-mushroom-farm-raise-with-market-controlled-capex-deployment
• performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution
• futardio