ingestion: 1 futardio events — 20260330-1845 (#2151)
Co-authored-by: m3taversal <m3taversal@gmail.com> Co-committed-by: m3taversal <m3taversal@gmail.com>
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type: source
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title: "Futardio: Go Big or Go home: Aligning Core team - Avici"
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author: "futard.io"
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url: "https://www.metadao.fi/projects/avici/proposal/6UimhcMfgLM3fH3rxqXgLxs6cJwmfGLCLQEZG9jjA3Ry"
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date: 2026-03-30
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domain: internet-finance
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format: data
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status: unprocessed
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tags: [futarchy, solana, governance, avici]
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event_type: proposal
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---
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## Proposal Details
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- Project: Avici
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- Proposal: Go Big or Go home: Aligning Core team - Avici
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- Status: Draft
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- Created: 2026-03-30
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- URL: https://www.metadao.fi/projects/avici/proposal/6UimhcMfgLM3fH3rxqXgLxs6cJwmfGLCLQEZG9jjA3Ry
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- Description: Authorizes the creation of the team performance package
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## Content
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## **TL;DR:**
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We propose the team earns up to 25% of total token supply, contingent on Avici reaching a $5B market cap through milestones tied to token price. No tokens are awarded before January 3rd, 2029, regardless of when milestones are hit. If milestones are never hit, tokens are never minted.
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Most crypto teams take supply upfront with time-based vesting. Tokens mint on day one and vest over 2–4 years regardless of performance. The team gets paid whether or not they build anything valuable. [Avici launched with 0% allocation of the team](https://x.com/AviciMoney/status/1977834732160418013) to let the community pick the allocation through a decision market proposal. No tokens exist until milestones are hit. If the team fails to reach them, nothing mints, ever.
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We suggest milestones based on the increase of Price of the token and use a 60-day TWAP price.
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25% of total supply is allocated to core team members i.e. Co-founders, Current and Future hires. No tokens are transferable before January 3, 2029\. Even if every milestone is hit before that date, the team cannot sell, transfer, or use any earned tokens until the lockup expires.
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The rationale behind this proposal can be viewed on the public draft shared previously \- [https://x.com/RamXBT/status/2008237203688964231?s=20](https://x.com/RamXBT/status/2008237203688964231?s=20)
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This proposal also approves team-sponsored proposals with a \-300 bps pass threshold, community-driven proposals with a 300 bps pass threshold, and a base stake requirement of 1.5M AVICI tokens. A team address for use in team-sponsored proposals will be provided post-passing
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### **Thinking through future Capital requirements**
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Metadao smart contracts don’t support a fixed supply for the team at $5b valuation so we have to pick rough price targets using the funding needed as a baseline to reach $5b
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Price targets assume Avici might require $610M to reach $5bn in future capital across multiple rounds with around \~15.5% dilution each round (compared to Avg. 18-20%). This is based on comparable neobank capital requirements, Revolut raised \~$817M to reach a $5B valuation, Nubank raised \~$908M to reach a $5B valuation.
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Note \- If Avici raises less than $600M, lower dilution means milestones are easier to reach, the team is rewarded for capital efficiency. If Avici raises more than this, milestones become harder This implies a final total supply of approximately 25.31M tokens. Every dollar of excess capital makes it harder for the team to get rewarded.
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Even after raising $800M-$2.3B, the individual founders of these companies owned 20-29% of their companies. Our 25% is team allocation (including the whole team now and future hires, not just a single person) when Avici reaches $5b in value.
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| Scenario | Capital Raised | Approx. Final Supply | At $197.55 | Effect |
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| ----- | ----- | ----- | ----- | ----- |
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| Capital efficient | $300M | \~18.07M | \~$3.57B | Milestones easier to hit |
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| As planned | $600M | \~25.31M | \~$5.0B | Milestones hit on schedule |
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| Over-raised | $900M+ | \~32M+ | \~$6.3B+ | Milestones significantly harder |
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Based on $600m capital required to reach a $5bn valuation. Prices to reach will increase if we raise more or decrease if we raise less. Fundraising rounds do not trigger milestones. Only sustained public market prices of the token count.
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**Approximate Rounds**
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| Round | Amount Raised | Dilution | Post Money Valuation | Pre Money Valuation | Supply After |
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| :---: | :---: | :---: | :---: | :---: | :---: |
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| ~~ICO (done)~~ | ~~$3.5M~~ | ~~—~~ | ~~$4.5M~~ | ~~—~~ | ~~12.90M~~ |
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| Seed | $7M | 15.5% | $45.2M | $38.2M | 15.27M |
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| Series A | $100M | 15.5% | $645M | $545M | 18.07M |
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| Series B | $200M | 15.5% | $1.29B | $1.09B | 21.39M |
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| Series C | $300M | 15.5% | $1.94B | $1.64B | 25.31M |
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## **Total Raised \- $610.5m**
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Note \- These are for reference only, this doesn't mean Avici will or should raise according to these numbers. We will carefully raise when there is a need to double down and scale
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**Price Targets**
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## Phase 1: $100M to $1B (15% of supply, linear). Prices are calculated using projected supply of 18.07M tokens, reflecting expected dilution from early fundraising rounds. Phase 2: $1.5B to $5B (10% of supply, equal tranches). Prices are calculated using projected supply of 25.31M tokens, reflecting expected dilution from all planned fundraising rounds.
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**Phase 1: $5.53 → $55.34 (15% of supply, linear)**
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| Price | Indicative Avici Valuation | Reference Supply | Tranche | Cumulative Unlock |
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| ----- | ----- | ----- | ----- | ----- |
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| $5.53 | \~$100M | 18.07M | \+1.50% | 1.50% |
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| $55.34 | \~$1B | 18.07M | — | 15.00% |
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Unlocks proportionally between $5.53 and $55.34. At $100M, 1.5% is awarded. The remaining 13.5% unlocks linearly through $1B.
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**Phase 2: $59.26 → $197.55 (10% of supply, equal tranches)**
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Milestones should cross the exact price to be unlocked. Ex \- Trading at $60 per token won’t unlock $2b tranche partially, same applies for all Phase 2\.
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| Price | Indicative Avici Valuation | Reference supply | Tranche | Cumulative Unlock |
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| ----- | ----- | ----- | ----- | ----- |
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| $59.26 | \~$1.5B | 25.31M | \+1.25% | 16.25% |
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| $79.02 | \~$2B | 25.31M | \+1.25% | 17.50% |
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| $98.77 | \~$2.5B | 25.31M | \+1.25% | 18.75% |
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| $118.53 | \~$3B | 25.31M | \+1.25% | 20.00% |
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| $138.28 | \~$3.5B | 25.31M | \+1.25% | 21.25% |
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| $158.04 | \~$4B | 25.31M | \+1.25% | 22.50% |
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| $177.79 | \~$4.5B | 25.31M | \+1.25% | 23.75% |
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| $197.55 | \~$5B | 25.31M | \+1.25% | 25.00% |
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## **Protections for the Team**
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### **Change of Control Protection**
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If at any time a forced acquisition, hostile takeover, or IP transfer is executed through DAO governance, 30% of the acquisition value is awarded to the team. Acquisition value is defined as spot price multiplied by total supply at the time the proposal is submitted, regardless of whether any payment is made, offered, or structured. Any milestone-based tokens already earned are counted toward this 30%, the remainder is minted to make the team whole. Below $100M, no milestones have been hit, so the full 30% applies. This only applies if the acquisition value exceeds the treasury value.
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We believe Avici can become a category-defining fintech by building what doesn't exist yet: a global trust score, real-world lending on stablecoin rails, and finance tools built for the internet, not inherited from legacy banks. We are trading all of our upside for execution. We only get rewarded when we create value. If that opportunity is taken from us, this clause ensures the team is fairly compensated for lost future upside.
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### **Departure Terms**
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Core principles under consideration:
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* Earned milestone tokens are kept based on the milestones above.
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* All earned tokens remain subject to the January 2029 lockup regardless of departure date
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* Forfeited tokens return to the team pool
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* A minimum service period may be required before any milestone tokens are retained
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* Good leaver (voluntary, amicable) vs. bad leaver (cause, competition, harm) distinction with different forfeiture terms internally figured out executed between the team.
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## **Why This Structure**
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1. **Zero cost if we fail.** No tokens mint if we don't hit the milestones.
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2. **Aligned with holders.** The only way the team gets rewarded is by making the AVICI token more valuable for everyone.
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3. **Capital discipline built in.** Over-raising makes milestones harder. The team is incentivized to grow efficiently.
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4. **Hardest lockup in crypto.** Nothing unlocks before January 2029\. No exceptions.
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## Raw Data
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- Proposal account: `6UimhcMfgLM3fH3rxqXgLxs6cJwmfGLCLQEZG9jjA3Ry`
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- Proposal number: 1
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- DAO account: `3D854kknnQhu9xVaRNV154oZ9oN2WF3tXsq3LDu7fFMn`
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- Proposer: `exeCeqDuu38PAhoFxzpTwsMkMXURQvhGJE6UxFgGAKn`
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- Autocrat version: 0.6
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