The Store of Value backed by real businesses
This raise completed successfully. to claim tokens.
Areal Finance turns cash-flowing real businesses into tradable, yield-paying, community-governed on-chain primitives.
Two tokens are already live on Solana mainnet: RWT, a share in a basket of income-generating real-world assets priced at on-chain Book NAV, and stRWT, the staking token that compounds protocol income through a rising exchange rate. The first asset — a tokenized $25,000 Mini Cooper carshare in Dubai with ~150 community holders — entered the basket in June 2026, with its first income distribution imminent.
Launching on Futard.io means futarchy is live from day one. Every key protocol parameter — the income split, fee rates, asset listings, treasury deployment — is priced by the MetaDAO futarchy engine, not decided by a team or committee.
This is a pre-seed round with a live MVP. Small raise, honest scope.
Institutional RWA (Ondo, Centrifuge, Maple) opened real-world liquidity on-chain, but only for $10M+ issuers with custom deals and quarterly distributions. Below that floor, 99% of real businesses — carshares, capsule hotels, solar stations — have no on-chain path.
Meanwhile, most RWA protocols issue a separate token per asset, leaving liquidity scattered across dozens of thin pools. Governance happens in off-chain committee rooms with no visibility for holders.
Fragmented liquidity, opaque governance, SMBs shut out. That's the gap.
Areal collapses an entire RWA stack — tokenization, yield distribution, liquidity, and governance — into one shared basket and two tokens.
| Share | Direction | Effect |
|---|---|---|
| 40% | Compounding | Buys new RWA, raising Book NAV per token |
| 30% | stRWT staking rewards | Flows to stakers via a rising stRWT→RWT rate |
| 20% | Liquidity | Deepens the on-chain market for stable entry/exit |
| 10% | Areal Finance DAO | Funds development, operations, governance |
These shares are parameters — the community can change every one of them through futarchy. RWT has no redeem; holders exit through the on-chain market, supported from below by buybacks (the 30% share) and liquidity depth (the 20% share).
Live contracts on Solana mainnet:
RWTeFt9M635Tf6w6yveAoXQR2ZwfXs7MfA7W3grDuGTsRWTy1bkqvRegb31RETanhbAtJ7eXN6XsTvaqBRh6kAEvery asset, balance, and metric is verifiable on-chain and published live at docs.areal.finance.
We don't chase retail attention. We onboard operators who already have communities, and each operator brings both supply and demand. The Dubai carshare is live on-chain, and the pipeline is focused on onboarding more income-generating RWA into the same shared basket.
Areal earns from flow, not fund size. Revenue routes to the DAO treasury. No AUM fee, no carry on holder yield. Core parameters from the deployed contracts:
Every parameter above is futarchy-governed via MetaDAO from launch. Treasury surplus — buyback, distribution, reinvestment, accumulation — is decided by markets, not the team.
The pilot is a production asset paying a real operator contract, not a prototype.
RWT liquidity is live on-chain (Meteora RWT / USDC), valued at pool price, and grows automatically from the 20% liquidity share as the basket earns.
The basket is built to scale: each new asset adds its income to the same shared pool and the same liquid market. The focus from here is onboarding more income-generating RWA, with every listing chosen by the community through the decision market.
Past performance does not guarantee future results. Market conditions, seasonality, and operator execution all affect future yield. Participation should be evaluated against individual risk tolerance and jurisdiction.
Hard cap: $10,000.
| Category | Allocation | Amount | Purpose |
|---|---|---|---|
| Code & development | 80% | $8,000 | Protocol hardening, contract improvements, frontend work on the live MVP |
| Protocol liquidity | 20% | $2,000 | Initial on-chain liquidity for the governance and RWT pairs |
The team is bootstrapped and self-funded. No office, no overhead, no marketing spend at this stage. $10K buys focused engineering time to push the live MVP toward the next RWA asset onboarding. Any further allocation is decided by the DAO via futarchy post-launch.
| Website | areal.finance |
| Docs | docs.areal.finance |
| X | @areal_finance |
| GitHub | github.com/ArealFinance |
Areal — a real claim, not synthetic exposure. Real businesses. Real yield. Real governance.
All intellectual property listed below will be fully transferred to and owned by the DAO's Cayman SPC entity. The DAO will have clear, enforceable rights to everything that has been built.
GITHUB REPOSITORIES AND ORGANIZATIONS
DOMAIN NAMES
BRAND ASSETS
SOCIAL MEDIA ACCOUNTS
DEPLOYED CONTRACTS AND PROGRAMS
CLOUD INFRASTRUCTURE AND API KEYS
PATENTS AND LICENSES
PARTNERSHIP AGREEMENTS
The team can spend up to this amount per month from the treasury without a governance proposal. Larger expenditures must be approved by token holders.
Team tokens are locked for an 18-month cliff. After the cliff, the team can trigger a 3-month TWAP evaluation. Tokens unlock in 20% tranches at each price milestone relative to the ICO price of $0.001.
| Tranche | Price Target | Unlocked |
|---|---|---|
| 2× ICO price | $0.002 | 20% |
| 4× ICO price | $0.004 | 40% |
| 8× ICO price | $0.008 | 60% |
| 16× ICO price | $0.016 | 80% |
| 32× ICO price | $0.032 | 100% |
Each tranche unlocks 20% of team tokens. The price target is measured via a 3-month time-weighted average price (TWAP) to prevent short-term manipulation.
Voluntary transparency disclosure following the Blockworks Token Transparency initiative.
Areal Finance is a non-custodial infrastructure protocol deployed on the Solana blockchain. It provides software through which a community can tokenize income-generating real-world assets, aggregate them into a shared on-chain basket, maintain liquidity, and distribute basket income — with protocol parameters decided through on-chain futarchy governance via the MetaDAO engine. Areal does not custody user funds, does not act as a broker, dealer, exchange, custodian, investment adviser, or fiduciary, and is not a counterparty to any transaction.
THE RWA BASKET The protocol's core component is a shared, community-owned basket of tokenized real-world assets. Capital paid to the protocol is allocated to the acquisition of real-world assets that are added to this basket. Unlike a per-asset token model, value is consolidated into a single, diversified basket rather than fragmented across separate pools. The selection of assets is determined by the community through decision markets; Areal provides infrastructure only and does not select, vet, manage, supervise, endorse, or guarantee any underlying asset or its operator.
RWT RWT is a utility token that represents a pro-rata accounting interest in the RWA Basket. Its reference value, "Book NAV," is the basket's recorded book value divided by the RWT supply and is computed from on-chain state. RWT is not offered or intended to be a security, investment contract, share, deposit, fund unit, debenture, derivative, or other regulated financial instrument, and acquiring RWT confers no equity, ownership, dividend, or creditor rights against Areal or any entity beyond the on-chain functionality described in the documentation. Book NAV is an accounting reference only and does not constitute a promise, guarantee, or obligation to pay, repurchase, or redeem at any value. The protocol provides no redemption mechanism; any exit occurs solely via the secondary market, where price and liquidity are determined by market participants and are not guaranteed.
STORE-OF-VALUE DESIGN AND COMPOUNDING The protocol is designed so that net basket income may be reinvested into additional real-world assets without minting new RWT, such that, where income is generated, the basket's invested capital and the resulting Book NAV reference may increase while supply remains unchanged. This is a description of the protocol's mechanics, not a representation, projection, or guarantee of value, yield, appreciation, or financial return. Real-world asset income is inherently variable and may be zero, negative, or interrupted; Book NAV may decline; and tokens may lose value, including to zero.
stRWT stRWT is a utility token representing an interest in the staking pool. Where staking rewards are funded, they are reflected through changes in the stRWT-to-RWT exchange rate rather than by minting additional stRWT. Unstaking is subject to a cooldown period as described in the documentation. The same disclaimers regarding value, yield, and redemption apply.
GOVERNANCE Protocol parameters — including the income-distribution model, fees, and asset listings — are governed by the community through futarchy via MetaDAO. Governance outcomes are determined by markets and participants, not by Areal, and may change in ways that affect token holders.
LIVE CONTRACTS (SOLANA MAINNET) RWT — RWTeFt9M635Tf6w6yveAoXQR2ZwfXs7MfA7W3grDuGT stRWT — sRWTy1bkqvRegb31RETanhbAtJ7eXN6XsTvaqBRh6kA
STATUS The RWT and stRWT contracts are live on Solana mainnet, with a real pilot asset held in the basket; the broader protocol stack remains in active development and has not undergone a formal third-party security audit as of the date of this description.
NO OFFER; NO ADVICE Nothing in this description constitutes an offer to sell or a solicitation to buy any token, security, or financial instrument, or any financial, legal, or tax advice. Participation involves substantial risk, including total loss, and is subject to the project's full Risk Factors and Terms of Use. Prospective participants should conduct their own due diligence and consult qualified professional advisers.
Artsiom Hnatsiuk — CEO & Co-Founder. In blockchain since 2018. Winner of an SAP hackathon on payment solutions (2020). Previously built and successfully sold an EdTech company. Responsible for product, business development, and marketing at Areal Finance. Currently full-time on the project.
Evgenii Solomein — CTO & Co-Founder. Experienced blockchain engineer with deep expertise in Solana development. Leads the protocol's smart-contract architecture, on-chain programs, and technical implementation across Areal Finance. Currently full-time on the project.
(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 — 25,800,000 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). 12,900,000 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 (12,900,000 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 — ARL
(e) Total supply & supply regime — 25,800,000 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 ARL 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.
None. To date, the Areal Finance protocol has not experienced any security exploit, hack, smart-contract breach, or loss of user funds.
No vulnerability has been exploited against its deployed contracts on Solana mainnet, and no related incident has occurred.
REGULATORY RISKS
Token Classification. Classification of digital tokens varies by jurisdiction and is subject to ongoing regulatory evolution worldwide. Tokens classified as utility instruments in one jurisdiction may be classified differently in another. Regulatory frameworks for digital assets are rapidly evolving and may impose new requirements, restrictions, or obligations at any time.
Multi-Jurisdictional Exposure. Projects operating across multiple jurisdictions may face conflicting or overlapping regulatory obligations. Coordinated regulatory action across jurisdictions could affect the viability of decentralized protocols or token-based systems entirely.
Legal Structure Risk. The legal enforceability of on-chain governance through off-chain legal entities is an evolving area with limited precedent. Changes in legislation may affect the validity or enforceability of existing structures. Courts in some jurisdictions may not recognize the separation of legal entities (veil piercing). Cross-border operations may create unexpected legal liabilities.
Compliance Obligations. Each project within the Areal ecosystem independently bears responsibility for compliance with all applicable laws and regulations in its operating jurisdictions, including tax reporting, KYC/AML procedures, and local securities regulations.
Jurisdictional Restrictions. The Areal protocol is not intended for persons in jurisdictions where such distribution or use would contravene local law. Participants are solely responsible for ensuring compliance with all applicable laws.
TECHNOLOGY RISKS
Smart Contract Vulnerabilities. Code may contain bugs, logic errors, or subtle attack vectors even after auditing. Exploitation could result in loss of funds or protocol disruption. Cross-contract interactions between multiple smart contracts, including third-party integrations, may produce unexpected outcomes.
Pre-Audit Status. As of launch, the Areal protocol contracts have not undergone a formal third-party security audit. Audits are planned but subject to DAO governance and treasury allocation decisions post-launch. Pre-audit code carries elevated risk of undiscovered vulnerabilities.
Blockchain Network Risk. Areal operates on Solana. Validator failures, network congestion, consensus issues, or protocol upgrades may temporarily affect availability and transaction processing.
Oracle and Data Feed Risk. The protocol relies on external data sources for asset pricing, yield calculations, and NAV Book Value updates. Delayed, inaccurate, or manipulated data feeds could affect protocol operations and economic calculations.
Experimental Technology. Smart contracts, decentralized governance, blockchain infrastructure, and the integration of real-world assets with on-chain systems are at an early stage. The integration between on-chain governance and off-chain legal entities is a novel approach with limited precedent. Economic models are theoretical constructs that may not perform as described under all market conditions.
ECONOMIC AND MARKET RISKS
Token Price Volatility. ARL trades on the Native DEX in a standard curve pool. Its price is determined by supply and demand and may diverge from Treasury asset value. RWT follows a flatcoin model pegged to NAV Book Value but may temporarily deviate. Ownership Tokens reflect both current asset value and expectations of future yield, which can change unpredictably. Token prices may reach zero.
Liquidity Risk. Periods of low trading activity may result in high slippage. Large orders can significantly impact market prices. Temporary imbalances between pools may occur during market volatility. New Ownership Token pools may initially have shallow liquidity.
Yield Variability. Real-world asset yields are inherently variable. Changes in economic conditions, interest rates, occupancy, or market demand may reduce asset income. Lower yields reduce the growth rate of NAV Book Value and may proportionally reduce Treasury income and Reserve Fund inflows. Individual project performance may differ substantially from projections. Yield may be zero for extended periods or entirely.
TOKENOMICS AND EMISSION RISKS
Dilution Risk. Future token issuances (community grants, partner incentives, protocol expansions) may dilute existing holders. All issuance decisions are subject to futarchy governance post-launch.
Concentrated Ownership. Early holders, team, and treasury may collectively control a significant share of circulating supply. Coordinated action by large holders could influence governance outcomes or market prices.
Vesting and Unlock Risk. Scheduled token unlocks (team, treasury, ecosystem) may create periodic sell pressure. Unlock schedules are fixed at launch but may be adjusted through governance.
Supply Changes. Total supply, issuance rate, and distribution parameters may be modified through futarchy governance, affecting holder economics.
FUTARCHY LAUNCH SPECIFIC RISKS
Launch Market Liquidity. Token prices at the MetaDAO futarchy launch depend on market participation. Low-volume launch may produce prices that do not reflect fundamental value.
Launch Metric Failure. If the pre-declared success metric is not met, proceeds and launch conditions follow the MetaDAO futarchy rules (which may include refund or revision mechanisms). Participants should review MetaDAO launch terms independently.
Price Discovery Uncertainty. As a pre-seed project with a live MVP, the token has no prior market history. Initial trading may be highly volatile with no reliable reference point.
REAL-WORLD ASSET (RWA) SPECIFIC RISKS
Physical Asset Risks. RWA tokens are backed by real-world physical assets that are inherently exposed to risks that do not exist in purely digital systems. These include natural disasters (floods, earthquakes, fires), accidents, theft, vandalism, environmental hazards, and other force majeure events that may damage or destroy the underlying asset partially or entirely.
Geopolitical and Local Risks. Assets are located in specific countries and regions, each with its own political stability, legal system, and economic environment. Changes in local government policy, sanctions, armed conflicts, currency controls, property seizure, or civil unrest may directly impact asset value, revenue generation, or the ability to operate.
Seasonality and Market Conditions. Many RWA asset classes (hospitality, rental, transportation) are subject to seasonal demand fluctuations, local economic cycles, and tourism trends. Revenue projections based on peak periods may not hold during off-season or economic downturns.
Project Founder Integrity Risk. Areal is an open platform where third-party projects launch and manage their own RWA assets. There is an inherent risk that project founders may act in bad faith, misrepresenting asset quality, inflating projections, mismanaging funds, or abandoning the project entirely. Areal provides infrastructure and governance tools but does not vet, endorse, or guarantee the honesty or competence of individual project teams. Areal cannot be held responsible for the actions or omissions of third-party project founders.
Insurance and Recovery Limitations. Not all physical assets may be fully insured. Even where insurance exists, claims processes may be slow, partial, or disputed. In the event of total asset loss, recovery for token holders may be limited or impossible depending on the legal structure and insurance coverage of the specific project.
OPERATIONAL RISKS
Asset Performance. Physical assets may suffer from damage, depreciation, vacancy, or obsolescence. Revenue generation depends on real-world market conditions and management quality. Areal provides infrastructure only; it does not manage, control, or supervise project assets or operations.
Counterparty Risk. Projects rely on tenants, service providers, contractors, and other counterparties. Defaults, breaches, or failures by these parties may affect project performance and yield distribution.
Management Quality. Each project is responsible for its own asset management. Poor decisions, mismanagement, or negligence at the project level can lead to reduced yields or loss of asset value.
Force Majeure. Natural disasters, geopolitical events, pandemics, regulatory actions, or other extraordinary circumstances may disrupt asset operations or entire markets.
GOVERNANCE RISKS
Futarchy Limitations. Prediction markets used for governance may produce suboptimal outcomes, particularly under high uncertainty. Low participation may concentrate decision-making influence among a small number of active participants. Markets may be subject to strategic behavior, short-term manipulation, or coordinated action. Effectiveness depends on sufficient market liquidity and informed participants.
Capital Allocation Risk. Governance decisions affecting Treasury allocation, Reserve Fund parameters, and protocol configuration carry inherent economic risk. Incorrect capital allocation decisions reduce ARL value and may weaken the protocol's economic position.
Treasury Concentration. Protocol-owned liquidity and treasury reserves concentrate risk in a single governance surface. Poor deployment decisions, failed asset integrations, or market shocks affecting treasury-held assets may reduce protocol resources.
Impermanent Loss on Protocol-Owned Liquidity. Protocol-owned liquidity positions are subject to impermanent loss when underlying asset prices diverge, potentially reducing treasury value even in nominally profitable market conditions.
TEAM AND EXECUTION RISKS
Bootstrap Team Risk. The team operates in a bootstrapped, self-funded mode with no external investor runway. Team members may need to reduce Areal commitment or cease work entirely if personal financial constraints arise.
Key Person Risk. A small founding team concentrates knowledge and responsibility. Departure or incapacitation of a key contributor may materially affect the development timeline.
Information Asymmetry. The founding team has more detailed knowledge of protocol internals, pipeline, and operational status than public disclosures may reflect. Risk assessments should account for inherent information imbalance between insiders and external participants.
Conflict of Interest. Team members hold tokens and may have economic incentives that diverge from those of other holders.
USER RISKS
Wallet Security. As a non-custodial system, Areal does not hold user funds. Users are solely responsible for protecting seed phrases, private keys, and devices. Lost access cannot be recovered.
Protocol Complexity. Areal is a complex system with multiple interacting components (RWT, Ownership Tokens, ARL, DEX pools, yield distribution, governance). Misunderstanding mechanics may lead to incorrect expectations or unintended outcomes.
Transaction Finality. On-chain transactions are irreversible. Errors in token transfers, swap parameters, or governance votes cannot be undone after execution.
Regulatory Exposure for Users. Participants may face tax obligations, reporting requirements, or regulatory restrictions in their jurisdictions. Each user is responsible for understanding and complying with applicable law.
No Secondary Market Guarantee. Participants may not be able to sell tokens at any time or at any particular price. Trading depends on DEX liquidity depth, which may fluctuate or become unavailable.
SYSTEMIC RISKS
The following scenarios, while unlikely, could affect the entire ecosystem.
Complete blockchain failure: prolonged Solana network outage or critical vulnerability.
Severe real-sector disruption: industry shutdowns, systemic financial crises, or geopolitical conflicts affecting multiple projects simultaneously.
Cascading failures: unexpected interactions between protocol modules, external integrations, or market conditions producing systemic effects.
Coordinated regulatory action: multi-jurisdictional regulatory action affecting the viability of decentralized or token-based systems.
Hostile fork: open-source code may be copied and deployed by third parties without Areal's involvement or endorsement. Users should verify official contract addresses and domains before interacting.
EXTERNAL DEPENDENCIES
The protocol relies on: Solana blockchain (availability, consensus, transaction processing); project DAO Ownership Companies (independent legal entities managing real assets); third-party data providers and oracles; stablecoin issuers (USDC) and their solvency and operational continuity; legal and compliance service providers engaged by individual projects. Areal does not control, endorse, or guarantee the performance, reliability, solvency, or regulatory compliance of any third party.
DISCLAIMER
Areal Finance is an infrastructure protocol. It is not a broker, dealer, custodian, investment adviser, fund manager, or fiduciary. Nothing in this document constitutes an offer to sell or solicitation to buy tokens, securities, or investment products. Areal makes no guarantees regarding profitability, yield, token stability, protocol uptime, data accuracy, or regulatory compliance of any structure within the ecosystem. Past performance of pilot assets does not guarantee future results of the protocol or any listed project. Participation in the protocol is at the user's own risk. Interaction with experimental technology carries substantial risk of partial or complete loss of funds. Users should consult qualified professionals before participating.
By contributing to the fundraise for tokens ("Tokens"), you acknowledge and agree to the Futardio Terms of Service. Without limiting the foregoing, you also acknowledge and agree to all of the following information, terms and conditions:
The above descriptions, terms, and other content were created, determined, and supplied exclusively by prospective project contributors related to the ICO and are being republished on futard.io for convenience of reference only, as third-party content. Furtard.io is a technology platform being used by the prospective project contributors, and the owners and operators of Fudardio.fi and their respective affiliates are not the persons creating, endorsing, sponsoring, or discretionarily operating the ICO. Fudard.io and its owners and operators and their respective affiliates assume no (and by participating in the ICO or otherwise using futard.io, you agree that they shall not have any) responsibility or liability for the accuracy or completeness of the above descriptions, terms and other content, or any other representations, statements, opinions, projections, terms, or information made by or on behalf of the prospective project contributors in connection with the ICO.
The following terms and conditions apply between you, on the one hand, and, on the other hand, both the owners and operators (and their affiliates) of Futard.io or MetaDAO and the prospective ICO project contributors and related legal entity(ies) and their respective affiliates:
No Guarantees. The Tokens are provided on an "as-is" and "as-available" basis. Participation in the fundraise does not come with any guarantees, promises, or assurances of any kind, including—but not limited to—financial return, performance, future utility, or access to any platform, product, or service.
Not an Offer of Securities. The Tokens do not represent a security, equity, loan, or ownership interest in any entity or project. Participation in this fundraise is not intended to be, and shall not be construed as, an offering of securities, nor does it constitute an offer or solicitation in any jurisdiction where such activity is unlawful. You are responsible to refrain from participation in the ICO if your jurisdiction does not permit such participation.
Final Sale. All contributions made as part of the fundraise are final and non-refundable. By participating, you understand and accept that you will not be entitled to a refund or compensation under any circumstances, including but not limited to loss of value or inability to use the Tokens.
No Liability for Losses. To the fullest extent permitted by applicable laws, neither the organizers of this fundraise nor any of their affiliates, agents, advisors, officers, or representatives shall be liable for any direct or indirect loss or damage you may suffer, including without limitation: trading losses, loss of data, revenue, profit, or opportunity; or any errors, delays, or technical failures related to the fundraise or the Tokens.
Nature of Token MetaDAO Platform ICOs. You acknowledge and agree that the ICO is a transaction entirely by and among ICO participants, in which such participants contribute certain blockchain tokens into the sole control or custody of Solana-based "smart contracts" or "programs" as a method of establishing a decentralized autonomous decision market oriented toward the research, development, promotion and/or utilization of the above-described project. The ensuing market oracle–sometimes also referred to as a type of "DAO"-- is intended to govern both the deposited tokens and aspects of the related project, using "Futarchy". These smart contracts or programs exist independently of Futard.io or MetaDAO, on the Solana blockchain, and do not have a legal "owner" or "custodian", but instead will be controlled by the market-based governance process embedded in the decision market protocol, as expressed in the code of the smart contracts/programs. The deposited tokens do not represent a capital investment in any legal entity (including the legal entity referred to in the following paragraph) or group of managers or entrepreneurs, and the decision market may revoke funds out of the pool at any time, or may cease using the funds for the currently contemplated project or using them to pay the currently contemplated prospective project contributors, and may instead use them for other purposes, as determined by the decision market oracle aka "DAO." The current prospective project contributors will not immediately own or have any discretionary or managerial control of the deposit pool, and any related services such prospective project contributors provide will be on an independent contractor basis to the community, as determined on an ongoing basis by the decision market oracle aka "DAO." The tokens issued by the program/smart contract in exchange for deposited funds are not initially owned by, and are not being sold or offered by, Futard.io or MetaDAO or the prospective project contributors or any related entity(ies), but rather are issued by the smart-contract/system itself to enable ongoing functionality of the related decision market oracle aka "DAO". Any funds received from the deposit pool by the current prospective project contributors or future project contributors represent retroactive or prospective compensation for work done or to be done by such project contributors that is approved by the related decision market oracle aka "DAO", on the initiative of, and based on the managerial or entrepreneurial efforts of, participants in that market aka "DAO participants".
DAO-Adjacent Entity aka BORG. One or more members of the prospective project contributors may have established a particular type of legal entity related to the project. These entities, known as cybernetic organizations, aka 'BORGs", hold intellectual property related to the project and may receive the funds, if any, determined by the decision market oracle to be paid to the prospective project contributors as compensation for work done or to be done related to the project. BORGs contain special rules designed to provide accountability of project contributors to the community, including prohibiting the issuance of equity securities and requirements to consult the decision market oracle (sometimes on a signaling basis, sometimes on a binding basis) for decisions related to their work on the project and the related intellectual property and assets. Many of these entities are "segregated portfolios" of a Cayman Islands entity called Futarchy Governance SPC. Segregated portfolios provide separate layers of assets and liabilities within this entity, and each particular segregated portfolio is managed in the sole discretion of its "Manager(s)", subject to the terms and conditions of Futarchy Governance SPC and the Operating Agreement of that specific segregated portfolio. The ICO does not represent an investment in the SPC or segregated portfolio, and participants in the ICO and holders of the tokens being issued in the ICO do not have any legal rights in or ownership of the SPC or segregated portfolio, and are not owed any fiduciary or other duties by the participants in the SPC or segregated portfolio, but the SPC, in respect of the segregated portfolio, is legally required to abide by certain determinations of the decision market created by the ICO. Please review the project description above to determine the specific legal entity(ies) or other arrangements identified by the prospective project contributors. You hereby acknowledge and agree that you have reviewed, or had the opportunity to review, the information and documents presented or linked to from that description and acknowledge, consent to and accept the risks of all related legal entities and arrangements.
Understanding the Mechanism. This is an onchain fundraising mechanism with a fixed token supply and an uncapped USDC raise. A minimum funding threshold applies. There is no in-protocol cap on the amount that may be claimed beyond the stated minimum. If the minimum funding threshold is not reached, all contributed funds will be returned to participants. By participating, you confirm that you understand the program and have reviewed the relevant documentation available at https://docs.metadao.fi.
By contributing or attempting to contribute to the fundraise for Tokens, you confirm that you have read, understood, and accepted the terms above.