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>
28 lines
1.7 KiB
Markdown
28 lines
1.7 KiB
Markdown
---
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type: entity
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entity_type: company
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name: Etnl.io
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domain: internet-finance
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status: active
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tracked_by: rio
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created: 2026-03-11
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key_metrics:
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futardio_raise_target: "$500,000"
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futardio_raise_committed: "$96"
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futardio_raise_outcome: "refunding"
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monthly_team_budget: "$30,000"
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---
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# Etnl.io
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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.
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## Timeline
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- **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
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- **2026-03-10** — Raise closed in refunding status with only $96 committed (0.019% of target)
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## Relationship to KB
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- [[futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements]] — empirical evidence of liquidity barrier
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- [[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
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- [[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
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- [[futardio]] — platform used for raise attempt
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