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teleo-codex/entities/internet-finance/ranger-protocol.md
m3taversal 988c376865 rio: add raise targets, token prices, monthly allowances, and LP pool addresses across all ownership coin entities 
- Added target_usd, initial_token_price_usd from Cory's spreadsheet for all 10 coins
- Added operations.monthly_allowance_usd for all coins
- Added OMFG token mint (omfgRBnxHsNJh6YeGbGAmWenNkenzsXyBXm3WDhmeta)
- Added MTN token mint (mtnc7NNSpAJuvYNmayXU63WhWZGgFzwQ2yeYWqemeta)
- Added LP pool addresses: OMFG (3 pools), Avici (1), Solomon (2), Umbra (2)
- Updated Hurupay with ownership-coin schema (failed ICO: $2M of $3M target, refunded)
- Renamed token_address to token_mint, treasury_multisig_address to treasury_multisig
- Flagged OMFG monthly allowance discrepancy ($10K on MetaDAO page vs $50K in spreadsheet)
- P2P.me token mint still unfound (ICO too recent, not indexed yet)
- Treasury multisig addresses still unknown for all coins (not publicly indexed)
- LP pools for Loyal, ZKFG, Paystream not found in search

Pentagon-Agent: Rio <244BA05F-3AA3-4079-8C59-6D68A77C76FE>
2026-04-17 13:33:46 +01:00

2.7 KiB
Raw Blame History

name ticker type subtype domain status launch_platform launch_date raise operations chain holders traction liquidation tracked_by
Ranger $RNGR entity ownership-coin internet-finance liquidated metadao-curated 2026-01
target_usd amount_raised_usd amount_committed_usd oversubscription_ratio initial_token_price_usd
6000000 8000000 86400000 14.4 0.80
monthly_allowance_usd
250000
token_mint network market_cap_usd price_usd circulating_supply total_supply treasury_multisig treasury_multisig_usd lp_pools equity_value_usd data_updated
RNGRtJMbCveqCp7AC6U95KmrdKecFckaJZiWbPGmeta solana null null null null null null
null null
revenue_monthly_usd customers key_metrics
null null
Claimed: $5B volume, $2M revenue (2025)
Actual: ~$2B volume, ~$500K revenue (on-chain analysis)
date return_per_dollar reason
2026-03-12 0.78 Material misrepresentation of revenue and volume metrics. On-chain analysis showed ~$2B volume vs $5B claimed, ~$500K revenue vs $2M claimed. Activity flatlined after ICO announcement.
rio

Ranger

Ranger was marketed as the "first perp aggregator on Solana" and raised $8M+ through MetaDAO's curated ICO in January 2026. Liquidated in March 2026 after tokenholder governance proved material misrepresentation — on-chain analysis showed volume and revenue were roughly 60-75% below what the team claimed pre-ICO. The liquidation returned 5.047M USDC to unlocked RNGR holders (~$0.78 per dollar of book value) with IP transferred back to the team (Glint House PTE). 97% market support for the liquidation proposal.

Significance

Ranger's liquidation was the highest-profile test of the "unruggable ICO" thesis. It demonstrated three things: (1) futarchy governance can enforce investor protection by unwinding projects, (2) futarchy can override its own prior decisions (overrode a 90-day cooldown on buyback/liquidation proposals) when new evidence emerges, and (3) the mechanism returns meaningful capital (~78 cents on the dollar) rather than going to zero.

Timeline

  • 2025-11 — ICO announcement
  • 2025-12 — Co-founder presentation claiming $5B volume and $2M revenue for 2025
  • 2026-01 — Raised $8M+ via futarchy ICO on MetaDAO; token peaked at TGE, fell 74-90%
  • 2026-03 — Liquidation proposal brought by RNGR holders; on-chain analysis showed ~$2B volume and ~$500K revenue
  • 2026-03-12 — Liquidation snapshot; 5.047M USDC returned to unlocked holders (~$0.78 book value)
  • 2026-03-17 — Liquidation portal launched; IP returned to Glint House PTE

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