Koturo is an interesting raise currently live on @backabledotbiz
> founder is a Cornell undergrad, Stanford law school and worked for Ray Dalio
> previously co-founded Mecone Markets (a16z speedrun)
> product is interesting: 'build your own retail ETF'
> people can turn any thesis/idea into a retail ETF others can buy. the flexibility is quite good as you can use tokenized stocks, perps and even polymarket positions to express a view/build your ETF and their AI engine manages the position for you so you don't have to worry about rebalancing, etc
Ownership Report #23 📰
@KyleCast_, founder of @koturoxyz, joins @8bitpenis for a livestream to talk about turning market strategies into fully backed tokens and their upcoming raise on @backabledotbiz.
We’ll get into how Koturo lets anyone create tokens backed by stocks, perps, and prediction markets, how creators earn from trading activity, and what’s next as the platform prepares for its public launch.
Starting today at 6:30PM UTC
This show is sponsored by @MetaDAOProject.
Every group chat has that one friend who won’t shut up about their thesis.
Now they can ship it.
Build the idea → launch the token → earn 25% of every trading fee.
Koturo. The launchpad for ideas.
The Koturo (@koturoxyz) ICO opens in 24 hours.
This ICO will use ownership scores and a time-weighted allocation mechanism that reward ownership coin holders and early commitments.
Learn more about Koturo here: https://t.co/dZ9DkLWl7g
We've decided to remove the @PercolatorTrade raise from our site.
The goal of Backable is to be a place where anyone, regardless of whether they are well-connected or high-credentialed, can build a valuable business. This is the dream of crypto: an open and fair playing field where anyone can win.
That being said, there’s certain behavior we want to avoid supporting, and after looking at the evidence, this is an instance of that.
We plan on using the term "open" instead of "permissionless" in the future. While we don't want to be the tastemaker of companies on Backable, we do need to run some level of platform-level moderation.
A few things I want to clarify regarding @PercolatorTrade and our decision to raise through MetaDAO’s Backable.
-We have not sold any tokens from the existing Pumpfun token, our team’s token allocation was burned.
-Everything we’ve built has been completely open source. The existing Pumpfun token was not launched by us, we took it over and joined the pumpfun hackathon. It remains independent, and anyone is free to continue building around it or organize a CTO.
-Building a permissionless perpetuals protocol is one challenge. Bringing it to mainnet securely, with external audits, reliable infrastructure, and sustainable long,term development, is another.
-Over $200K in fees generated from the token over the last year + went directly toward funding and developing Percolator Trade. An additional $14.5K in fees remains pending, and we’re considering how best to use those funds to benefit existing holders.
-After careful consideration, we chose MetaDAO’s Backable to help fund the next stage of development. We also made sure eligible existing holders would have a guaranteed allocation in the new raise, giving our community the opportunity to participate in Percolator Trade’s next chapter.
-MetaDAO did not give us any advice on what to do or what not do just what was possible and not possible.
As founders, our responsibility is to make the decisions we believe gives Percolator Trade the strongest chance of long term success.
Why? Based on feedback from investors and respected builders across the Solana ecosystem, we realized the existing token structure wasn’t sustainable for Percolator’s long term growth. MetaDAO provides stronger structural protections, performance based founder incentives, and a framework that attracts investors who believe in the protocol we’re building, while giving us a more sustainable foundation to scale.
Our conviction hasn’t changed, and neither has our commitment to building.
We will continue to look furthermore into how we compensate previous holders more
The Koturo (@koturoxyz) ICO opens on November 11th!
Check out the article below or visit their raise page on https://t.co/VglseINHWP for more details ⏬
every great investment started as somebody’s “what if”
those ideas used to stay in the groupchat. now you can launch a token holding real underlyings in 5 min & get paid every time it trades
why we’re raising, and where this is going. $KOTU opens nov 11 https://t.co/fumi5mH5PH
The FINAL (@final_wallet) ICO is now open!
Final is a multichain non-custodial wallet built by the legendary @0xSrMessi.
Follow the link below to participate.
Why am I building @final_wallet?
Because I believe crypto has an ownership problem.
We spent years building decentralized financial infrastructure, yet most people still have to choose between trusting someone else with their assets or managing private keys and seed phrases they barely understand.
That's not mass adoption.
Final is our attempt to change that.
A self-custodial wallet designed to make owning and using crypto as simple as any modern financial app, without giving up control of your assets.
And we're building it at the intersection of three ecosystems I deeply believe in.
🦑 @ikadotxyz brings decentralized MPC and dWallet technology, opening the door to native cross-chain asset control without traditional bridges or centralized custodians.
◎ @solana provides the speed, efficiency, and programmable infrastructure to turn that technology into a seamless consumer experience.
@backabledotbiz and @MetaDAOProject bring something equally important: a different ownership model for the company itself.
Because I don't think we can build the future of decentralized finance while repeating the same centralized ownership structures of the past.
I want Final to be more than a product people use.
I want it to be something people can own, participate in, and help shape.
That's what makes this combination so powerful.
Ika decentralizes control.
Solana makes it scalable.
Backable democratizes ownership.
And Final brings these ideas together.
We're not building another wallet just to compete for existing crypto users.
We're building for the millions of people who haven't arrived yet.
The next generation of crypto users shouldn't need to understand cryptography to benefit from it.
They should simply be able to own what belongs to them.
That's the future I want to help build.
That's Final.
WE’RE LIVE ON BACKABLE!
Today marks an important milestone for Sendr. Our token raise is now live on @backabledotbiz, powered by @MetaDAOProject !
We're building a new way for people and businesses to send and spend money across borders.
https://t.co/HXW0Khzu9W
#sendr
Another successful @backabledotbiz raise curated by @JustSparkIdeas.
@try_cope $COPE just went 6.2x on a $50K goal.
It is @JustSparkIdeas's Idea #10, the 1000x perps DEX on Solana built around "Lose a trade, get your copium", and succeeded in attracting $308K committed.
Here's the rundown:
We just picked up the first beehives!
These are probably the first tokenized bee equipment units ever.
Next up: painting them and getting everything set for the first container.
Stay tuned!
The @TheInnerTable raise has has officially ended with 159k raised.
Thank you to all the early investors and anons around the world who participated and @backabledotbiz for helping us through the process
We’ll be spending November finalising the location and share more details here and on the @TheInnerTable x
The @TheInnerTable ($POKER) ICO closed on Oct 24 with $159.5k raised from 81 wallets.
Who backed it and what have they done since?
1. Mostly new money - 52 of 81 wallets (64%) had never joined an ICO before, and they brought $111k, 70% of the raise. The other 29 had backed earlier ICOs.
2. Distribution - 65% of wallets put in <$1k but supplied <6% of the raise. 13 wallets in the $5k–50k range supplied 74%, and 10 of those 13 were first timers.
3. Big backers are holding - All 13 still hold their full allocation two days into trading. One added about 23% more on the open market. Holders have grown from 86 to 95 in a day.
4. Ownership overlap - one $5k backer also holds roughly $175k across Credible, Omnipair, P2P, Avici, Umbra and Laso. Another holds about $190k of Umbra and Rip Cars.
Two days of trading $POKER is at $0.0126, up 13% in 24h but still 21% below the ICO price. That's also 21% below its NAV per adjusted token of $0.0160.
Data from @01Resolved API/MCP