fc9110fe8d
- Source: inbox/archive/2026-03-09-futardio-launch-etnlio.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 3) Pentagon-Agent: Rio <HEADLESS>
1.7 KiB
1.7 KiB
| type | entity_type | name | domain | status | tracked_by | created | key_metrics | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| entity | company | Etnl.io | internet-finance | active | rio | 2026-03-11 |
|
Etnl.io
Etnl.io is developing a mobile self-custody wallet that uses smartphone Secure Enclave technology to provide hardware-level security without requiring external devices. The project attempted to raise $500,000 through Futardio in March 2026 but achieved only $96 in commitments before entering refund status, representing the first documented complete failure of a raise on the MetaDAO futarchy launchpad.
Timeline
- 2026-03-09 — Futardio raise launched with $500,000 target, complete documentation including Secure Enclave architecture, $30,000/month team budget, roadmap, and market positioning
- 2026-03-10 — Raise closed in refunding status with only $96 committed (0.019% of target)
Relationship to KB
- futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements — empirical evidence of liquidity barrier
- 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 scale claim
- internet capital markets compress fundraising from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing — demonstrates speed without capital formation
- futardio — platform used for raise attempt