Etnl.io
RefundingB1Voluntary transparency disclosure following the Blockworks Token Transparency initiative.ETNL turns your smartphone into a verified hardware wallet, delivering hardware-level security without the complexity.
$960%
$500kraise goal
Raise Unsuccessful
Committed$96.00
Funders2
Raise Goal$500k
This raise did not reach its goal. All committed USDC is being returned to contributors. to claim your refund.
About
ETNL Next Generation Mobile Self-Custody
ETNL is a next generation mobile wallet designed to redefine digital self-custody through uncompromising security and seamless user experience. By leveraging the Secure Enclave and biometric systems built into modern smartphones, ETNL generates and stores cryptographic keys entirely on-device, ensuring they are never exposed, exported, or recoverable through conventional means.
The platform integrates continuous integrity verification, authenticated software updates, and on-device transaction simulation to eliminate the primary attack vectors that have historically compromised wallet applications. This architecture delivers hardware-level protection without requiring users to purchase or manage an external device.
With ETNL, self-custody becomes both accessible and resilient. The project's vision is to establish a new security standard for digital asset management, one that empowers users with complete control, without complexity or compromise.
Use of Funds
ETNL is raising a minimum of $500,000 to build and launch a new standard in mobile self-custody. The monthly team budget is $30,000, covering core engineering, product, and operations. Across the raise, funds will be allocated toward team salaries and contractor costs, infrastructure and security audits, go-to-market and community growth, and an operational runway that supports sustained development through key launch milestones. Every dollar is directed toward shipping a secure, production-ready product.
Roadmap and Milestones
ETNL is in active development with a phased delivery plan. Near-term priorities include completing the core wallet architecture with full Secure Enclave integration, followed by closed beta testing with security-focused users. The next phase covers on-device transaction simulation, continuous integrity verification, and authenticated update infrastructure. Public launch targets follow once internal and third-party audits are complete. Specific target dates are available to serious participants on request.
Market and Differentiation
The self-custody wallet market is growing rapidly as users move away from centralized exchanges, yet most solutions still rely on seed phrase exposure or require external hardware devices. ETNL targets crypto-native users and institutional-leaning individuals who want hardware-grade security without the friction of a separate device. The competitive edge is architectural: by generating and storing keys entirely within the device's Secure Enclave, ETNL eliminates the attack vectors that have historically compromised software wallets. No exports, no recovery backdoors, no external dependencies. Go-to-market focuses on security-conscious communities, developer ecosystems, and distribution through the web3 platforms where trust in custody solutions is the primary purchase driver.
IP & Legal
Domain: etnl.io — ownership will transfer to the DAO entity upon formation.
Social Media: All current and future official accounts across relevant platforms are included in the IP transfer and will be under DAO control.
Source Code: All existing and future codebases related to the ETNL platform and infrastructure. GitHub organization and repository details to be confirmed, with admin access transferring to the DAO entity.
Branding Materials: All visual assets including artwork, logos, and design elements. The ETNL name and logo are currently unregistered trademarks and will be assigned to the DAO entity. No patents filed or pending at this time.
Design Systems: All design files and related UI/UX documentation.
All on-chain programs, upgrade authorities, and multisig keys will be assigned to or controlled by the DAO entity upon deployment. Cloud Infrastructure
All hosting accounts, databases, and third-party service accounts critical to the ETNL platform will be transferred to or made accessible by the DAO entity. Specific provider details to be confirmed.
B1 Token Transparency Filing
Voluntary transparency disclosure following the Blockworks Token Transparency initiative.
ETNL is a next-generation mobile wallet designed to redefine digital self-custody through uncompromising security and seamless user experience. By leveraging the Secure Enclave and biometric systems built into modern smartphones, ETNL generates and stores cryptographic keys entirely on-device, ensuring they are never exposed, exported, or recoverable through conventional means. The platform integrates continuous integrity verification, authenticated software updates, and on-device transaction simulation to eliminate the primary attack vectors that have historically compromised wallet applications. ETNL's mission is to establish a new security standard for digital asset management, one that empowers users with complete control, without complexity or compromise.
Ashley Wood – CEO & Visionary Founder and creative force behind ETNL. Ashley leads the long-term strategy and vision, combining deep experience in design, product thinking, and security-focused UX. His mission is to make self-custody simple, secure, and universal.
(a) IP ownership & control — The project's intellectual property, including codebases/repos and any associated trademarks/brands, is held by a Cayman Islands SPC (Segregated Portfolio Company) formed via MetaLeX. The SPC is governed by the DAO.
(b) Contract/admin powers — Governance is fully onchain and permissionless via the MetaDAO futarchy protocol on Solana. Token holders make decisions by trading conditional outcome tokens on proposal markets. Proposals pass or fail based on market-determined price impact on the project's token. There is no multisig, council, pause/upgrade roles, or centralized admin authority — all decisions are made through futarchy (market-based governance).
(c) Locked-token rights — The price-based performance premine tokens are locked with a minimum 18-month cliff and unlock based on sustained price performance milestones. Locked token holders do not have additional governance or decision-making rights beyond what unlocked token holders have. Locked tokens cannot vote or participate in governance until unlocked.
(d) Value accrual & holder rights — Token holders govern the DAO treasury through futarchy-governed proposals. The DAO treasury funds development directly — there is no separate development company. Revenue distribution and treasury allocation decisions are made via onchain governance proposals.
(e) Dissolution authority — Dissolution of the DAO would require an onchain futarchy governance proposal passed by the market. The Cayman SPC legal wrapper can be wound up per its constitutional documents as directed by DAO governance.
Each project launched through MetaDAO Accelerated has a Cayman Islands SPC (Segregated Portfolio Company) entity formed via MetaLeX. The entity holds the project's intellectual property and is governed by the DAO. There is no separate development company — the DAO treasury funds development directly through futarchy-governed proposals.
(a) Launch supply totals — 22,900,000 total tokens at launch. 10,000,000 tokens issued to ICO participants (unlocked). 2,900,000 tokens issued as protocol-owned liquidity (locked in pools). 10,000,000 tokens allocated as a price-based performance premine (locked with minimum 18-month cliff).
(b) Recipient categories & use of funds — • ICO Participants (10,000,000 tokens): Distributed pro-rata to all participants of the permissionless ICO based on contribution. Tokens are immediately unlocked. • Protocol-Owned Liquidity (2,900,000 tokens): 2,000,000 tokens paired with 20% of funds raised through the ICO in a liquidity pool. 900,000 tokens placed in a single-sided liquidity pool on Meteora. These tokens provide onchain trading liquidity. • Team / Performance Premine (10,000,000 tokens): Allocated to the founding team, subject to price-based vesting. Tokens unlock only if sustained price performance milestones are met.
(c) Initial price per token — Determined at ICO close based on total funds raised divided by 10,000,000 ICO tokens.
(d) Ticker / market symbol — ETNL
(e) Total supply & supply regime — 22,900,000 total supply. The supply is fixed — there is no inflation or deflation mechanism.
(f) Initial vesting / release schedules — ICO participant tokens and protocol liquidity tokens are not subject to vesting. The team performance premine has a minimum 18-month cliff. The allocation is divided into 5 tranches of 20% each, unlockable after a 3-month TWAP evaluation period at price multiples of 2×, 4×, 8×, 16×, and 32× relative to launch price. The TWAP oracle can be called at any time but triggers a 3-month evaluation window before tokens are released.
There are no airdrops as part of the MetaDAO Accelerated ICO process. All token distribution occurs through the permissionless ICO mechanism. Any future token distributions would need to be passed via DAO governance proposal following the ICO and are not part of this launch.
There are no market maker agreements. Liquidity is provided through the Accelerated launch mechanism's built-in liquidity pool, which receives 20% of funds raised. There are no token loans, OTC deals, or designated market maker arrangements.
There are no CEX listing agreements. The token trades onchain on Solana DEXs from the moment of launch. No listing fees have been paid, and no exchange has been granted tokens or preferential access.
Series Name: MetaDAO Presale Vehicle: MetaLex powered Cayman Segregated Portfolio Company / Segregated Portfolio Start Date of Sale: [To be determined at launch] Number of Tokens Sold: 10,000,000 ETNL tokens distributed to ICO participants pro-rata based on contribution. Vesting Schedules: There are no vesting schedules for ICO participant tokens. All tokens distributed through the presale are immediately unlocked and freely transferable at the conclusion of the ICO.
There are no prior SAFTs, SAFEs, convertible notes, private placements, or other fundraising rounds preceding this launch. No tokens were sold or distributed before this presale.
ETNL has no history of security incidents, exploits, or hacks. The project is in active development and no platform has been publicly deployed at this time.
Regulatory Risk The regulatory environment for digital asset wallets and self-custody solutions remains uncertain across multiple jurisdictions. Future legislation or enforcement actions could affect the ability to distribute, operate, or monetize the ETNL platform in certain markets. The project will monitor regulatory developments and adapt accordingly, but participants should be aware that compliance requirements may impact product features or availability.
Technology Risk ETNL's security model depends on the integrity of Secure Enclave implementations across device manufacturers. While the Secure Enclave is an industry-standard security architecture, vulnerabilities discovered at the hardware or OS level by third parties could affect the security guarantees of the platform. The team is committed to continuous security auditing and rapid response to any disclosed vulnerabilities.
Development Risk ETNL is an early-stage project. There is no guarantee that development milestones will be achieved on the projected timeline. Software delays, technical complexity, or changes in the competitive landscape may affect delivery. Participants should treat this as a high-risk, early-stage contribution.
Market Risk The value of ETNL tokens is subject to the volatility inherent in digital asset markets. Token price performance is not guaranteed and may be influenced by factors outside the project's control including broader market conditions, liquidity, and sentiment.
Adoption Risk The self-custody wallet market is competitive. There is no guarantee that ETNL will achieve the user adoption required to sustain the project long-term. Go-to-market execution, user experience, and trust-building within the crypto community will all be critical factors.
Key Person Risk As an early-stage project, ETNL is currently dependent on a small founding team. The loss of key contributors could affect development pace and project continuity. The DAO structure is designed to mitigate this over time by decentralizing decision-making and funding.