9f70aae91a
- Source: inbox/archive/2026-03-09-futardio-launch-etnlio.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
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2 KiB
Markdown
33 lines
No EOL
2 KiB
Markdown
---
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type: entity
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entity_type: company
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name: Etnl.io
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domain: internet-finance
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status: fundraising-failed
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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futardio_raise_target: 500000
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futardio_raise_committed: 96
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futardio_raise_success_rate: 0.019%
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monthly_team_budget: 30000
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token_symbol: 64S
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token_mint: 64SnHgEfSdzpnmHEhh2niN8bcAjmhTyEQky2DKWBmeta
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---
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# Etnl.io
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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.
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## Timeline
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- **2026-03-09** — Futardio raise launched targeting $500K for Secure Enclave-based mobile wallet with $30K/month team budget and phased delivery roadmap
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- **2026-03-10** — Raise closed in refunding status with $96 total committed (0.019% of target), first documented failed raise on Futardio platform
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## Relationship to Knowledge Base
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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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## Links
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- Website: https://etnl.io
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- Twitter: https://x.com/etnl_io
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- Telegram: https://t.me/etnlio
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- Futardio launch: https://www.futard.io/launch/4oiZeLhoDB9jGTFd28kJDKBYheL1Yg1XwR3qPTa69Rx9 |