dd452d8608
- Source: inbox/archive/2026-03-09-futardio-launch-etnlio.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 3) Pentagon-Agent: Rio <HEADLESS>
1.8 KiB
1.8 KiB
| type | entity_type | name | domain | status | founded | website | social | key_metrics | tracked_by | created | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | company | Etnl.io | internet-finance | failed | 2026 | https://etnl.io |
|
|
rio | 2026-03-11 |
Etnl.io
Etnl.io is a mobile wallet project focused on hardware-level security through smartphone Secure Enclave integration. The project attempted to raise $500,000 through Futardio's futarchy-governed ICO platform in March 2026 but failed to attract capital, raising only $96 before entering refund status. This represents the first documented complete failure on the Futardio platform with full project documentation.
Timeline
- 2026-03-09 — Futardio raise launched: $500,000 target, Secure Enclave-based mobile wallet product, $30K/month team budget
- 2026-03-10 — Raise failed with $96 committed (0.019% of target), entered refund status
Product
ETNL proposed a mobile wallet architecture that generates and stores cryptographic keys entirely within the device's Secure Enclave, eliminating seed phrase exposure and external hardware requirements. The product targeted crypto-native users seeking hardware-grade security without separate devices.
Relationship to KB
- futardio — failed raise on platform
- futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements — empirical evidence of adoption barriers
- MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale — challenges platform viability claims