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 monthly_team_budget $500,000 $96 $30,000	rio	2026-03-11

Etnl.io

Etnl.io is a mobile wallet project designed to provide hardware-level security through smartphone Secure Enclave integration, eliminating the need for external hardware wallets or seed phrase exposure. The project attempted to raise $500,000 through Futardio's futarchy-governed platform in March 2026 but failed to attract meaningful capital, achieving only $96 in commitments before entering refund status.

Timeline

• 2026-03-09 — Futardio raise launched with $500,000 target, $30K/month team budget, complete documentation including use of funds, roadmap, and market differentiation
• 2026-03-10 — Raise closed with only $96 committed (0.019% of target), entered refunding status

Relationship to KB

• futardio — fundraising platform
• futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements — empirical evidence of adoption barriers
• internet capital markets compress fundraising from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing — challenges optimistic claims about capital formation speed