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

type	entity_type	name	domain	status	founded	website	social	key_metrics	tracked_by	created
entity	company	Etnl.io	internet-finance	failed	2026	https://etnl.io	twitter telegram https://x.com/etnl_io https://t.me/etnlio	futardio_raise_target futardio_raise_committed futardio_raise_success_rate monthly_team_budget $500,000 $96 0.019% $30,000	rio	2026-03-11

Etnl.io

Etnl.io is a mobile self-custody wallet project that attempted to raise capital through Futardio's futarchy-governed platform. The project proposed a Secure Enclave-based architecture for smartphone wallets, delivering hardware-level security without external devices. Despite complete documentation and professional presentation, the raise failed to reach minimum threshold, becoming the first documented failed raise on the Futardio platform.

Timeline

• 2026-03-09 — Futardio raise launched: $500K target, Secure Enclave-based mobile wallet product
• 2026-03-10 — Raise entered refunding status after raising only $96 (0.019% of target)

Relationship to KB

• futardio — platform used for fundraise attempt
• futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements — empirical evidence of adoption barriers
• 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 product-market fit claim