teleo-codex/entities/internet-finance/torch-market-futardio-fundraise.md
Teleo Agents b047299519 rio: extract from 2026-03-05-futardio-launch-torch-market.md
- Source: inbox/archive/2026-03-05-futardio-launch-torch-market.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 6)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 12:15:31 +00:00

2 KiB

type entity_type name domain status parent_entity platform proposer proposal_url proposal_date resolution_date category summary tracked_by created key_metrics
entity decision_market Torch Market: Futardio Fundraise internet-finance failed torch-market futardio mrsirg97-rgb https://www.futard.io/launch/5ocdHgwhMwVDzUbE7ctjdkBmP4fauPsVfb2mfUsSmhRD 2026-03-05 2026-03-06 fundraise $75K fundraise for 6-month runway covering marketing team, infrastructure, and mainnet token bonding rio 2026-03-11
funding_target status duration token token_mint platform_version
$75,000 Refunding 1 day 5pF 5pFkSJ795Th3eAkvvm8KTc2Y2tFYj8gFCiSrVMjpmeta v0.7

Torch Market: Futardio Fundraise

Summary

Torch Market attempted to raise $75,000 through Futardio for a 6-month runway covering marketing team hiring ($6K/month for 2 people), founder compensation ($3K/month), marketing budget ($2K/month), infrastructure costs (Helius RPC ~$500-1500/month), and $5K flat for mainnet token bonding (50 SOL). The fundraise entered refunding status after one day.

Market Data

  • Outcome: Failed (Refunding)
  • Proposer: mrsirg97-rgb
  • Duration: 2026-03-05 to 2026-03-06 (1 day)
  • Target: $75,000
  • Token: 5pF (mint: 5pFkSJ795Th3eAkvvm8KTc2Y2tFYj8gFCiSrVMjpmeta)

Significance

This represents an early test case of futarchy-governed fundraising for a DeFi protocol with significant technical infrastructure (formal verification, SDK, agent integrations). The rapid failure (1 day to refunding) suggests either insufficient market interest, poor timing, or mismatch between the protocol's technical maturity and market appetite for DeFi protocol launches on Futardio.

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