b88dea14fb
- Source: inbox/archive/2026-03-03-futardio-launch-cloak.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
36 lines
No EOL
1.3 KiB
Markdown
36 lines
No EOL
1.3 KiB
Markdown
---
|
|
type: entity
|
|
entity_type: company
|
|
name: "Cloak"
|
|
domain: internet-finance
|
|
status: failed
|
|
founded: 2026
|
|
platform: futardio
|
|
key_metrics:
|
|
raise_target: "$300,000"
|
|
total_committed: "$1,455"
|
|
raise_outcome: "refunded"
|
|
token_symbol: "8RS"
|
|
ico_price: "$0.03"
|
|
fdv_at_launch: "$477,000"
|
|
total_supply: "15.9M"
|
|
circulating_at_launch: "12.9M"
|
|
tracked_by: rio
|
|
created: 2026-03-11
|
|
---
|
|
|
|
# Cloak
|
|
|
|
Cloak is a privacy infrastructure protocol on Solana that enables private DCA (dollar-cost averaging) execution through ZK-proof privacy pools and session wallet architecture. The protocol routes trades through Privacy.cash pools to break on-chain links between user wallets and trading strategies.
|
|
|
|
Cloak raised on Futardio with a $300K target but only attracted $1,455 in commitments before entering refund status. The project was built during the Solana Cypherpunk Hackathon and launched in private beta on mainnet before the fundraise.
|
|
|
|
## Timeline
|
|
- **2026-03-03** — Futardio fundraise launched with $300K target, $0.03 ICO price, 15.9M token supply
|
|
- **2026-03-04** — Fundraise closed with only $1,455 committed (0.49% of target), entered refunding status
|
|
|
|
## Relationship to KB
|
|
- [[futardio]] — launch platform
|
|
- [[MetaDAO]] — futarchy governance infrastructure
|
|
- Privacy-focused DeFi on Solana
|
|
- Failed to achieve product-market fit despite technical implementation |