rio: extract from 2025-10-14-futardio-launch-avici.md

- Source: inbox/archive/2025-10-14-futardio-launch-avici.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 6)

Pentagon-Agent: Rio <HEADLESS>
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---
type: entity
entity_type: decision_market
name: "Avici: Futardio Launch"
domain: internet-finance
status: passed
parent_entity: "[[avici]]"
platform: "futardio"
proposal_url: "https://www.futard.io/launch/2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq"
proposal_date: 2025-10-14
resolution_date: 2025-10-18
category: "fundraise"
summary: "Avici raised $34.2M against $2M target through futarchy-governed launch to build distributed internet banking infrastructure"
key_metrics:
raise_target: "$2,000,000"
total_committed: "$34,230,976"
final_raise: "$3,500,000"
oversubscription_ratio: 17.1
token_symbol: "AVICI"
token_mint: "BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta"
platform_version: "v0.6"
tracked_by: rio
created: 2026-03-11
---
# Avici: Futardio Launch
## Summary
Avici launched a futarchy-governed fundraise on Futardio to build distributed internet banking infrastructure including spend cards, internet-native trust scores, and unsecured loans. The project targeted $2M but received $34.2M in commitments (17x oversubscribed), ultimately raising $3.5M before closing on 2025-10-18.
## Market Data
- **Outcome:** Passed (fundraise completed)
- **Platform:** Futardio v0.6
- **Raise Target:** $2,000,000
- **Total Committed:** $34,230,976 (1,711% of target)
- **Final Raise:** $3,500,000
- **Token:** AVICI (BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta)
- **Launch Date:** 2025-10-14
- **Close Date:** 2025-10-18
## Significance
This launch demonstrates extreme market demand for internet-native banking infrastructure, with oversubscription reaching 17x the target. The project's thesis challenges the conventional narrative that money originated from barter, instead positioning money as a social ledger and credit system. Avici aims to build reputation-based undercollateralized lending infrastructure that Vitalik Buterin identified as missing from onchain finance.
The 4-day fundraise timeline (launch to close) exemplifies the capital formation speed enabled by futarchy-governed launches on [[futardio]].
## Relationship to KB
- [[avici]] — parent entity
- [[futardio]] — launch platform
- [[internet capital markets compress fundraising from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing]] — this launch provides supporting evidence
- [[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]] — Futardio is the productized version of this mechanism

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@ -33,6 +33,7 @@ Distributed internet banking infrastructure — onchain credit scoring, spend ca
- **2025-10-14** — Futardio launch opens ($2M target)
- **2025-10-18** — Launch closes. $3.5M raised.
- **2025-10-14** — Launched futarchy-governed fundraise on Futardio targeting $2M for distributed internet banking infrastructure, achieving $34.2M in commitments (17x oversubscribed)
## Relationship to KB
- [[futardio]] — launched on Futardio platform
- [[cryptos primary use case is capital formation not payments or store of value because permissionless token issuance solves the fundraising bottleneck that solo founders and small teams face]] — test case for banking-focused crypto raising via permissionless ICO

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@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq"
date: 2025-10-14
domain: internet-finance
format: data
status: unprocessed
status: processed
tags: [futardio, metadao, futarchy, solana]
event_type: launch
processed_by: rio
processed_date: 2026-03-11
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Launch event with extreme oversubscription (17x). No novel claims — the oversubscription data enriches existing claims about internet capital market speed. Created decision_market entity for the launch itself and updated parent Avici entity timeline. The project's philosophical framing (money as social ledger) is interesting but not novel enough for a standalone claim given it's self-reported project positioning."
---
## Launch Details
@ -53,3 +57,11 @@ Token CA: [`BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta`](https://jup.ag/tokens
- Version: v0.6
- Final raise: $3,500,000.00
- Closed: 2025-10-18
## Key Facts
- Avici raised $34.2M in commitments against $2M target (2025-10-14)
- Avici final raise was $3.5M, closed 2025-10-18
- Avici token mint: BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta
- Avici launched on Futardio v0.6
- Avici's thesis: money originated as credit/social ledger, not barter