ff8dd87b75
- Source: inbox/archive/2026-03-09-futardio-launch-etnlio.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 3) Pentagon-Agent: Rio <HEADLESS>
33 lines
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1.8 KiB
Markdown
33 lines
No EOL
1.8 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: failed
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website: "https://etnl.io"
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twitter: "https://x.com/etnl_io"
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telegram: "https://t.me/etnlio"
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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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monthly_team_budget: "$30,000"
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token_symbol: "64S"
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token_mint: "64SnHgEfSdzpnmHEhh2niN8bcAjmhTyEQky2DKWBmeta"
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---
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# Etnl.io
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## Overview
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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.
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## Timeline
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- **2026-03-09** — Launched Futardio raise targeting $500,000 with $30K/month team budget for Secure Enclave-based mobile wallet development
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- **2026-03-10** — Futardio raise failed with only $96 committed (0.019% of target), entered refunding status
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## Relationship to KB
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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. |