m3taversal
988c376865
- Added target_usd, initial_token_price_usd from Cory's spreadsheet for all 10 coins - Added operations.monthly_allowance_usd for all coins - Added OMFG token mint (omfgRBnxHsNJh6YeGbGAmWenNkenzsXyBXm3WDhmeta) - Added MTN token mint (mtnc7NNSpAJuvYNmayXU63WhWZGgFzwQ2yeYWqemeta) - Added LP pool addresses: OMFG (3 pools), Avici (1), Solomon (2), Umbra (2) - Updated Hurupay with ownership-coin schema (failed ICO: $2M of $3M target, refunded) - Renamed token_address to token_mint, treasury_multisig_address to treasury_multisig - Flagged OMFG monthly allowance discrepancy ($10K on MetaDAO page vs $50K in spreadsheet) - P2P.me token mint still unfound (ICO too recent, not indexed yet) - Treasury multisig addresses still unknown for all coins (not publicly indexed) - LP pools for Loyal, ZKFG, Paystream not found in search Pentagon-Agent: Rio <244BA05F-3AA3-4079-8C59-6D68A77C76FE>
75 lines
2.7 KiB
Markdown
75 lines
2.7 KiB
Markdown
---
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name: "Ranger"
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ticker: "$RNGR"
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type: entity
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subtype: ownership-coin
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domain: internet-finance
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status: liquidated
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launch_platform: metadao-curated
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launch_date: "2026-01"
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raise:
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target_usd: 6000000
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amount_raised_usd: 8000000
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amount_committed_usd: 86400000
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oversubscription_ratio: 14.4
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initial_token_price_usd: 0.80
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operations:
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monthly_allowance_usd: 250000
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chain:
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token_mint: "RNGRtJMbCveqCp7AC6U95KmrdKecFckaJZiWbPGmeta"
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network: solana
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market_cap_usd: null
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price_usd: null
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circulating_supply: null
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total_supply: null
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treasury_multisig: null
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treasury_multisig_usd: null
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lp_pools: []
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equity_value_usd: null
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data_updated: null
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holders: []
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traction:
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revenue_monthly_usd: null
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customers: null
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key_metrics:
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- "Claimed: $5B volume, $2M revenue (2025)"
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- "Actual: ~$2B volume, ~$500K revenue (on-chain analysis)"
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liquidation:
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date: "2026-03-12"
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return_per_dollar: 0.78
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reason: "Material misrepresentation of revenue and volume metrics. On-chain analysis showed ~$2B volume vs $5B claimed, ~$500K revenue vs $2M claimed. Activity flatlined after ICO announcement."
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tracked_by: rio
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---
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# Ranger
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Ranger was marketed as the "first perp aggregator on Solana" and raised $8M+ through MetaDAO's curated ICO in January 2026. Liquidated in March 2026 after tokenholder governance proved material misrepresentation — on-chain analysis showed volume and revenue were roughly 60-75% below what the team claimed pre-ICO. The liquidation returned 5.047M USDC to unlocked RNGR holders (~$0.78 per dollar of book value) with IP transferred back to the team (Glint House PTE). 97% market support for the liquidation proposal.
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## Significance
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Ranger's liquidation was the highest-profile test of the "unruggable ICO" thesis. It demonstrated three things: (1) futarchy governance can enforce investor protection by unwinding projects, (2) futarchy can override its own prior decisions (overrode a 90-day cooldown on buyback/liquidation proposals) when new evidence emerges, and (3) the mechanism returns meaningful capital (~78 cents on the dollar) rather than going to zero.
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## Timeline
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- **2025-11** — ICO announcement
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- **2025-12** — Co-founder presentation claiming $5B volume and $2M revenue for 2025
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- **2026-01** — Raised $8M+ via futarchy ICO on MetaDAO; token peaked at TGE, fell 74-90%
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- **2026-03** — Liquidation proposal brought by RNGR holders; on-chain analysis showed ~$2B volume and ~$500K revenue
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- **2026-03-12** — Liquidation snapshot; 5.047M USDC returned to unlocked holders (~$0.78 book value)
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- **2026-03-17** — Liquidation portal launched; IP returned to Glint House PTE
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---
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Relevant Notes:
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- [[metadao]] — launch platform
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- [[mtncapital]] — first liquidation precedent
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Topics:
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- [[internet finance and decision markets]]
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