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teleo-codex/entities/internet-finance/cloak-futardio-fundraise.md
Teleo Agents d4df0a212b rio: extract from 2026-03-03-futardio-launch-cloak.md 
- Source: inbox/archive/2026-03-03-futardio-launch-cloak.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 3)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 17:12:48 +00:00

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type entity_type name domain status parent_entity platform proposal_url proposal_date resolution_date category summary key_metrics tracked_by created
entity decision_market Cloak: Futardio Fundraise internet-finance failed cloak futardio https://www.futard.io/launch/9MqyiXXJUAXQ1Uy5j2EV8hq21UeR3ruukWkZ1XGNhg3R 2026-03-03 2026-03-04 fundraise Cloak attempted to raise $300K for private DCA infrastructure on Solana through Futardio but received only $1,455 in commitments (0.49% of target)
raise_target total_committed commitment_rate raise_window outcome
$300,000 $1,455 0.49% 24 hours refunded
rio 2026-03-11

Cloak: Futardio Fundraise

Summary

Cloak launched a $300K fundraise on Futardio to build private DCA infrastructure on Solana using ZK-proof privacy pools. The 24-hour raise window closed with only $1,455 committed (0.49% of target), triggering automatic refunds per Futardio's all-or-nothing mechanism. This represents one of the lowest commitment rates for a Futardio launch with a substantive product in private beta.

Market Data

  • Outcome: Failed (refunded)
  • Raise Target: $300,000
  • Total Committed: $1,455 (0.49%)
  • Token: 8RS
  • ICO Price: $0.03 per token
  • Proposed FDV: $477,000
  • Raise Window: 24 hours (2026-03-03 to 2026-03-04)

Significance

This fundraise demonstrates the challenge of privacy-focused infrastructure projects attracting capital in permissionless launch environments. Despite having a working product in private beta, integration with established protocols (Privacy.cash, Jupiter), and a detailed technical roadmap, Cloak failed to generate market interest. The 0.49% commitment rate suggests either:

  1. Privacy DCA is not a compelling value proposition for Solana users
  2. The $300K target was misaligned with demonstrated traction
  3. 24-hour launch windows are insufficient for infrastructure projects to build conviction

The team's performance-locked token structure (3M tokens unlocking only at 2x, 4x, 8x, 16x, 32x price multiples with 18-month cliff) represented strong alignment but was insufficient to overcome market skepticism.

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