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

37 lines
1.5 KiB
Markdown

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