a1ada8c4c2
- Source: inbox/archive/2026-02-03-futardio-launch-hurupay.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
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3.1 KiB
Markdown
58 lines
No EOL
3.1 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "Futardio: Hurupay Fundraise"
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domain: internet-finance
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status: failed
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parent_entity: "[[hurupay]]"
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platform: futardio
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proposal_url: "https://www.futard.io/launch/HT3ScC7gyo3zTn95s9jR7J3ez5u8HrRfFwD33YjMHLy3"
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proposal_date: 2026-02-03
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resolution_date: 2026-02-07
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category: fundraise
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summary: "Hurupay attempted to raise $3M through Futardio's futarchy-governed ICO, reaching $2M in commitments before closing with REFUNDING status"
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key_metrics:
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funding_target: "$3,000,000"
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total_committed: "$2,003,593"
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token_symbol: HUR
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token_mint: "HURUsdbnMfQSi6khLigf5As8wh2CGNnS2fxHDDXCmeta"
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token_allocation:
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ico: "10,000,000 (39.02%)"
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liquidity: "2,900,000 (11.31%)"
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team_lockup_3yr: "10,931,250 (42.66%)"
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previous_investors_2yr_vest: "1,793,750 (7%)"
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monthly_spending_allowance: "$250,000"
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tracked_by: rio
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created: 2026-03-11
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---
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# Futardio: Hurupay Fundraise
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## Summary
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Hurupay, a stablecoin-native cross-border payments platform with $36M+ in processed volume and 30K+ users, launched a $3M fundraise on Futardio (MetaDAO's futarchy launchpad) on February 3, 2026. The raise reached $2M in committed capital over 4 days but closed with REFUNDING status on February 7, 2026, meaning the fundraise did not meet its conditions and capital was returned to participants.
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## Market Data
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- **Outcome:** Failed (Refunding)
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- **Platform:** Futardio (MetaDAO v0.7)
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- **Duration:** 4 days (2026-02-03 to 2026-02-07)
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- **Capital Committed:** $2,003,593 of $3,000,000 target (66.8% of target)
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## DAO Configuration
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- Team Sponsored Pass Threshold: -300bps
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- Team Sponsored Stake Requirement: 0 HURU
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- Pass Threshold: 300bps
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- Stake Requirement: 1.5M HURU
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- Proposal Duration: 3 days
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## Significance
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This launch demonstrates both the speed and the failure modes of futarchy-governed fundraising. Hurupay raised $2M+ in committed capital within 4 days—orders of magnitude faster than traditional fundraising—but the REFUNDING outcome shows that futarchy markets can reject raises even when substantial capital commits. The 66.8% subscription rate suggests market skepticism despite strong operating metrics ($7.2M monthly volume, 32% MoM growth).
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The REFUNDING status likely reflects futarchy's conditional market mechanism: participants bet on whether funding the project will increase token value, and the market collectively decided it would not, triggering automatic capital return. This is the "unruggable ICO" mechanism in action—investors are protected from funding projects that markets predict will underperform.
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## Relationship to KB
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- [[hurupay]] — parent entity attempting fundraise
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- [[futardio]] — platform hosting the raise
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- [[MetaDAO]] — infrastructure provider
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- Demonstrates [[internet-capital-markets-compress-fundraising-timelines]] with 4-day capital commitment
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- Example of [[futarchy-governed-liquidation-is-the-enforcement-mechanism]] through REFUNDING status
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- Shows [[futarchy-variance-creates-portfolio-problem-because-mechanism-selects-both-top-performers-and-worst-performers-simultaneously]] with market rejection despite strong metrics |