---
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