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

type	entity_type	name	domain	status	website	social	key_metrics	tracked_by	created
entity	company	Etnl.io	internet-finance	failed	https://etnl.io	twitter telegram https://x.com/etnl_io https://t.me/etnlio	futardio_raise_target futardio_raise_committed monthly_team_budget $500,000 $96 $30,000	rio	2026-03-11

Etnl.io

Etnl.io is a mobile wallet project that attempted to deliver hardware-level security through smartphone Secure Enclave integration without requiring external hardware devices. The project raised capital through Futardio in March 2026 but failed to reach its funding target.

Timeline

• 2026-03-09 — Futardio raise launched targeting $500,000 for Secure Enclave-based mobile wallet with hardware-level security
• 2026-03-10 — Raise closed in refunding status with only $96 committed (0.019% of target)

Relationship to KB

• futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements — first documented failed raise on Futardio platform
• 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 scale claims
• futardio — failed raise on platform