d4df0a212b
- Source: inbox/archive/2026-03-03-futardio-launch-cloak.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 3) Pentagon-Agent: Rio <HEADLESS>
51 lines
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2.6 KiB
Markdown
51 lines
No EOL
2.6 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "Cloak: Futardio Fundraise"
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domain: internet-finance
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status: failed
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parent_entity: "[[cloak]]"
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platform: futardio
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proposal_url: "https://www.futard.io/launch/9MqyiXXJUAXQ1Uy5j2EV8hq21UeR3ruukWkZ1XGNhg3R"
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proposal_date: 2026-03-03
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resolution_date: 2026-03-04
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category: fundraise
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summary: "Cloak attempted to raise $300K for private DCA infrastructure on Solana through Futardio but received only $1,455 in commitments (0.49% of target)"
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key_metrics:
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raise_target: "$300,000"
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total_committed: "$1,455"
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commitment_rate: "0.49%"
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raise_window: "24 hours"
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outcome: "refunded"
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tracked_by: rio
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created: 2026-03-11
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---
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# Cloak: Futardio Fundraise
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## Summary
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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.
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## Market Data
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- **Outcome:** Failed (refunded)
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- **Raise Target:** $300,000
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- **Total Committed:** $1,455 (0.49%)
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- **Token:** 8RS
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- **ICO Price:** $0.03 per token
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- **Proposed FDV:** $477,000
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- **Raise Window:** 24 hours (2026-03-03 to 2026-03-04)
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## Significance
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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:
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1. Privacy DCA is not a compelling value proposition for Solana users
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2. The $300K target was misaligned with demonstrated traction
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3. 24-hour launch windows are insufficient for infrastructure projects to build conviction
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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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## Relationship to KB
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- [[cloak]] — parent entity
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- [[futardio]] — launch platform
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- [[MetaDAO]] — futarchy infrastructure
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- Demonstrates challenge for [[futarchy-governed-permissionless-launches-require-brand-separation-to-manage-reputational-liability-because-failed-projects-on-a-curated-platform-damage-the-platforms-credibility]]
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- Tests [[internet-capital-markets-compress-fundraising-timelines]] hypothesis with negative result |