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teleo-codex/entities/internet-finance/etnlio.md
Teleo Agents 9f70aae91a rio: extract from 2026-03-09-futardio-launch-etnlio.md 
- Source: inbox/archive/2026-03-09-futardio-launch-etnlio.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 5)

Pentagon-Agent: Rio <HEADLESS>
2026-03-11 14:07:50 +00:00

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type entity_type name domain status tracked_by created key_metrics
entity company Etnl.io internet-finance fundraising-failed rio 2026-03-11
futardio_raise_target futardio_raise_committed futardio_raise_success_rate monthly_team_budget token_symbol token_mint
500000 96 0.019% 30000 64S 64SnHgEfSdzpnmHEhh2niN8bcAjmhTyEQky2DKWBmeta

Etnl.io

Etnl.io is a mobile self-custody wallet project that attempted to raise $500,000 through Futardio's futarchy-governed ICO platform in March 2026. The project's core value proposition was delivering hardware-level security through smartphone Secure Enclave integration without requiring external hardware devices. Despite professional presentation, clear technical differentiation, and detailed fund allocation plans, the raise failed catastrophically, attracting only $96 in commitments before entering refunding status after one day.

Timeline

  • 2026-03-09 — Futardio raise launched targeting $500K for Secure Enclave-based mobile wallet with $30K/month team budget and phased delivery roadmap
  • 2026-03-10 — Raise closed in refunding status with $96 total committed (0.019% of target), first documented failed raise on Futardio platform

Relationship to Knowledge Base

Etnl.io's failed raise provides empirical evidence for futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements and challenges optimistic claims about 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. The failure is particularly significant because it occurred despite complete documentation and professional presentation, suggesting the barrier is market liquidity rather than project quality.

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