diff --git a/entities/internet-finance/avici-futardio-launch.md b/entities/internet-finance/avici-futardio-launch.md new file mode 100644 index 00000000..e466e554 --- /dev/null +++ b/entities/internet-finance/avici-futardio-launch.md @@ -0,0 +1,54 @@ +--- +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 diff --git a/entities/internet-finance/avici.md b/entities/internet-finance/avici.md index 118ddcfa..434a64bf 100644 --- a/entities/internet-finance/avici.md +++ b/entities/internet-finance/avici.md @@ -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 diff --git a/inbox/archive/2025-10-14-futardio-launch-avici.md b/inbox/archive/2025-10-14-futardio-launch-avici.md index 76d6b34f..05ccd85d 100644 --- a/inbox/archive/2025-10-14-futardio-launch-avici.md +++ b/inbox/archive/2025-10-14-futardio-launch-avici.md @@ -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