diff --git a/entities/internet-finance/avici-futardio-launch.md b/entities/internet-finance/avici-futardio-launch.md new file mode 100644 index 00000000..eb780b7f --- /dev/null +++ b/entities/internet-finance/avici-futardio-launch.md @@ -0,0 +1,53 @@ +--- +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 for distributed internet banking infrastructure" +key_metrics: + funding_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 lending. The project targeted $2M but received $34.2M in commitments (17x oversubscribed), ultimately raising $3.5M and closing after 4 days. + +## Market Data + +- **Outcome:** Passed (fundraise completed) +- **Launch Date:** 2025-10-14 +- **Close Date:** 2025-10-18 +- **Target:** $2,000,000 +- **Committed:** $34,230,976 +- **Final Raise:** $3,500,000 +- **Oversubscription:** 17.1x + +## Significance + +This launch demonstrates futarchy-governed fundraising attracting significant capital for infrastructure projects beyond meme coins. The 17x oversubscription indicates market demand for reputation-based undercollateralized lending infrastructure, a gap identified by Vitalik Buterin as missing from onchain finance. + +The project's thesis challenges the commodity theory of money, arguing money originated as credit (a social ledger) rather than barter, positioning onchain reputation systems as necessary infrastructure for fiat independence. + +## Relationship to KB + +- [[avici]] — parent entity +- [[futardio]] — launch platform +- [[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]] — platform mechanism +- [[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]] — demonstrates compression thesis 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..bf46338b 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: "Factual launch data for existing Avici entity. No novel claims — oversubscription and infrastructure focus already captured in existing KB claims about futarchy-governed fundraising and internet capital markets. Created decision_market entity for the specific launch event." --- ## Launch Details @@ -53,3 +57,10 @@ Token CA: [`BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta`](https://jup.ag/tokens - Version: v0.6 - Final raise: $3,500,000.00 - Closed: 2025-10-18 + + +## Key Facts +- Avici token mint: BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta +- Launch address: 2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq +- Futardio platform version: v0.6 +- Avici references Vitalik Buterin tweet on undercollateralized lending (status/1969569289691865416)