ec65caf5d2
- Source: inbox/archive/2026-03-03-futardio-launch-cloak.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
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2 KiB
Markdown
37 lines
No EOL
2 KiB
Markdown
---
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type: entity
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entity_type: company
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name: "Cloak"
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domain: internet-finance
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status: failed
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founded: 2026
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platform: "Solana"
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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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raise_outcome: "refunded"
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token_symbol: "8RS"
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ico_price: "$0.03"
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fdv_at_launch: "$477,000"
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total_supply: "15,900,000"
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circulating_at_launch: "12,900,000"
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tracked_by: rio
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created: 2026-03-11
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---
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# Cloak
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Cloak is a privacy DCA (dollar-cost averaging) protocol on Solana that enables users to accumulate assets anonymously through ZK-proof privacy pools. The protocol routes trades through unlinkable session wallets to break the on-chain link between user wallets and trading strategies.
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Built during the Solana Cypherpunk Hackathon by co-founders Vaibhav (CoinDCX engineer, PermaSign co-founder) and Prasad (Stealth founding engineer, PermaSign co-founder). The protocol integrates Privacy.cash ZK-proof pools with Jupiter for execution, supporting private DCA into SOL, cbBTC, and ZEC. First RWA integration with Oro (tokenized gold) positioned Cloak as the private distribution layer for real-world assets on Solana.
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## Timeline
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- **2026-03-03** — Futardio fundraise launched targeting $300K with 24-hour window. ICO offered 10M tokens at $0.03 ($477K FDV). Team allocation: 3M tokens performance-locked at 2x/4x/8x/16x/32x price multiples with 18-month cliff. Product live in private beta on mainnet with Solana Blinks support.
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- **2026-03-04** — Fundraise closed with $1,455 committed (0.49% of target). Status: refunding. All funds returned to participants.
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## Relationship to KB
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- [[futardio]] — launch platform
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- [[MetaDAO]] — futarchy governance infrastructure
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- [[Jupiter]] — DEX execution layer
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- [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] — counter-example: serious utility product failed to attract capital through futarchy mechanism
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- [[internet-capital-markets-compress-fundraising-timelines]] — 24-hour raise window demonstrates speed but not necessarily success |