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teleo-codex/entities/internet-finance/fitbyte.md
Teleo Agents c2303460a0 rio: extract from 2026-02-26-futardio-launch-fitbyte.md 
- Source: inbox/archive/2026-02-26-futardio-launch-fitbyte.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 2)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 12:09:21 +00:00

1.5 KiB
Raw Blame History

type entity_type name domain status founded platform parent_platform tracked_by created key_metrics
entity company FitByte internet-finance failed 2026 Solana metadao rio 2026-03-11
raise_target total_committed launch_date close_date outcome token_symbol
$500,000 $23 2026-02-26 2026-02-27 refunding 6GF

FitByte

Health and fitness protocol on Solana that proposed workout-to-earn mechanics combined with user-owned health data monetization. Launched through MetaDAO's futarchy-governed ICO platform seeking $500K but attracted only $23 in commitments before entering refund status after one day.

The project positioned itself as solving both the sustainability problem of move-to-earn protocols (by grounding rewards in verifiable physical activity) and the health data exploitation problem (by giving users sovereign ownership and monetization rights over their biometric data).

Timeline

  • 2026-02-26 — Launched futarchy-governed fundraise on Futardio targeting $500K for health data sovereignty protocol
  • 2026-02-27 — Fundraise closed in refunding status with $23 total committed (0.0046% of target)

Relationship to KB

  • metadao — launched through MetaDAO's unruggable ICO platform
  • futardio — fundraising platform used
  • Represents a failed test of futarchy-governed fundraising for consumer health applications
  • Demonstrates market rejection despite alignment with stated crypto values (data sovereignty, user ownership)