---
type: entity
entity_type: company
name: "Avici"
domain: internet-finance
handles: ["@AviciMoney"]
website: https://avici.money
status: active
tracked_by: rio
created: 2026-03-11
last_updated: 2026-04-02
parent: "[[metadao]]"
launch_platform: metadao-curated
launch_order: 4
category: "Distributed internet banking infrastructure (Solana)"
stage: growth
token_symbol: "$AVICI"
token_mint: "BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta"
built_on: ["Solana"]
tags: [metadao-curated-launch, ownership-coin, neobank, defi, lending]
competitors: ["traditional banks", "Revolut", "crypto card providers"]
source_archive: "inbox/archive/internet-finance/2025-10-14-futardio-launch-avici.md"
---

# Avici

## Overview

Crypto neobank building distributed internet banking infrastructure on Solana — spend cards, an internet-native trust score, unsecured loans, and eventually home mortgages. The thesis: internet capital markets need internet banking infrastructure. To gain independence from fiat, crypto needs a social ledger for reputation-based undercollateralized lending.

## Investment Rationale (from raise)

"Money didn't originate from the barter system, that's a myth. It began as credit. Money isn't a commodity; it is a social ledger." Avici argues that onchain finance still lacks reputation-based undercollateralized lending (citing Vitalik's agreement). The ICO pitch: build the onchain banking infrastructure that replaces traditional bank accounts — credit scoring, spend cards, unsecured loans, mortgages — all governed by futarchy.

## ICO Details

- **Platform:** MetaDAO curated launchpad (4th launch)
- **Date:** October 14-18, 2025
- **Target:** $2M
- **Committed:** $34.2M (17x oversubscribed)
- **Final raise:** $3.5M (89.8% of commitments refunded)
- **Initial FDV:** $4.515M at $0.35/token
- **Launch mechanism:** Futardio v0.6 (pro-rata)
- **Distribution:** No preferential VC allocations — described as one of crypto's fairest token distributions

## Current State (as of early 2026)

**Live products:**
- **Visa Debit Card** — live in 100+ countries, virtual and physical. 1.5-2% cashback. No staking required. No top-up, transaction, or maintenance fees. Processing 100,000+ transactions monthly.
- **Smart Wallet** — self-custodial, login via Google/iCloud/biometrics/passkey (no seed phrases). Programmable security policies (daily spend limits, address whitelisting).
- **Biz Cards** — lets Solana projects spend from onchain treasury for business needs
- **Named Virtual Accounts** — personal account number + IBAN, fiat auto-converted to stablecoins in self-custodial wallet. MoonPay integration.
- **Multi-chain deposits** — Solana, Polygon, Arbitrum, Base, BSC, Avalanche

**Traction:** ~4,000+ MAU, 70% month-on-month retention, $1.2M+ in Visa card spend, 12,000+ token holders

**Not yet live:** Trust Score (onchain credit scoring), unsecured loans, mortgages — still on roadmap

## Team Performance Package (March 2026 proposal)

0% team allocation at launch. New proposal for up to 25% contingent on reaching $5B valuation:
- Phase 1: 15% linear unlock between $100M-$1B market cap ($5.53-$55.30/token)
- Phase 2: 10% in equal tranches between $1.5B-$5B ($82.95-$197.55/token)
- No tokens unlock before January 2029 lockup regardless of milestone achievement
- Change-of-control protection: 30% of acquisition value to team if hostile takeover

This is the strongest performance-alignment structure in the MetaDAO ecosystem — zero dilution unless the project is worth 100x+ the ICO valuation.

## Governance Activity

| Decision | Date | Outcome | Record |
|----------|------|---------|--------|
| ICO launch | 2025-10-14 | Completed, $3.5M raised | [[avici-futardio-launch]] |
| Team performance package | 2026-03-30 | Proposed | See inbox/archive |

## Open Questions

- **Team anonymity.** No founder names publicly disclosed. RootData shows 55% transparency score and project "not claimed." This is unusual for a project processing 100K+ monthly card transactions.
- **Credit scoring timeline.** The Trust Score is the key differentiator vs. existing crypto cards, but it's still on the roadmap. Without it, Avici is a good crypto debit card but not the "internet bank" the pitch describes.
- **Regulatory exposure.** Visa card program in 100+ countries implies banking partnerships and compliance obligations. How does futarchy governance interact with regulated card issuer requirements?

## Timeline

- **2025-10-14** — MetaDAO curated ICO opens ($2M target)
- **2025-10-18** — ICO closes. $3.5M raised (17x oversubscribed).
- **2025-11** — Card top-up speed reduced from minutes to seconds
- **2026-01-09** — SOLO yield integration for passive stablecoin earnings
- **2026-01-10** — Named Virtual Accounts launched (account number + IBAN)
- **2026-01** — Peak return: 21x from ICO price ($7.56 ATH)
- **2026-03-30** — Team performance package proposal (0% → up to 25% contingent on $5B)

---

Relevant Notes:
- [[metadao]] — launch platform (curated ICO #4)
- [[solomon]] — SOLO yield integration partner
- [[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]] — 4-day raise window with 17x oversubscription confirms compression

Topics:
- [[internet finance and decision markets]]