teleo-codex/entities/internet-finance/etnlio.md

type	entity_type	name	domain	status	website	twitter	telegram	tracked_by	created	key_metrics
entity	company	Etnl.io	internet-finance	failed	https://etnl.io	https://x.com/etnl_io	https://t.me/etnlio	rio	2026-03-11	futardio_raise_target futardio_raise_committed monthly_team_budget token_symbol token_mint $500,000 $96 $30,000 64S 64SnHgEfSdzpnmHEhh2niN8bcAjmhTyEQky2DKWBmeta

Etnl.io

Overview

Etnl.io is a mobile wallet project that attempted to build hardware-level security using smartphone Secure Enclave technology, eliminating the need for external hardware wallets. The project targeted crypto-native users seeking self-custody without seed phrase exposure or external devices. The company attempted to raise $500,000 through Futardio's futarchy-governed platform in March 2026 but failed to attract meaningful capital, raising only $96 before entering refunding status.

Timeline

• 2026-03-09 — Launched Futardio raise targeting $500,000 with $30K/month team budget for Secure Enclave-based mobile wallet development
• 2026-03-10 — Futardio raise failed with only $96 committed (0.019% of target), entered refunding status

Relationship to KB

First documented failed raise on futardio platform, providing empirical evidence for futarchy adoption faces friction from token price psychology proposal complexity and liquidity requirements and challenging optimistic claims about 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. The failure is notable because the project had professional presentation, complete documentation, and coherent product narrative, suggesting the barrier was market liquidity rather than project quality.