m3taversal
ea5a859032
- What: Rewrote mtnCapital, Avici, Loyal, ZKLSOL, Paystream, Solomon, P2P.me entities - Why: Entities had wrong parent (futardio instead of metadao), missing investment rationales, no governance activity, stale/thin content. Bot couldn't answer basic questions about MetaDAO launches. - Changes per entity: - Corrected parent: [[metadao]] (curated launches, not futardio permissionless) - Added launch_platform, launch_order fields for proper sequencing - Added investment rationale from original raise pitches - Added governance activity tables (buybacks, restructuring, team packages) - Added open questions and competitive context - Removed hardcoded prices (live tool handles this) - Sources: X research, decision records, source archives, web search Pentagon-Agent: Rio <244ba05f-3aa3-4079-8c59-6d68a77c76fe>
100 lines
5.3 KiB
Markdown
100 lines
5.3 KiB
Markdown
---
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type: entity
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entity_type: company
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name: "Avici"
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domain: internet-finance
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handles: ["@AviciMoney"]
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website: https://avici.money
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status: active
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tracked_by: rio
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created: 2026-03-11
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last_updated: 2026-04-02
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parent: "[[metadao]]"
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launch_platform: metadao-curated
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launch_order: 4
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category: "Distributed internet banking infrastructure (Solana)"
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stage: growth
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token_symbol: "$AVICI"
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token_mint: "BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta"
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built_on: ["Solana"]
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tags: [metadao-curated-launch, ownership-coin, neobank, defi, lending]
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competitors: ["traditional banks", "Revolut", "crypto card providers"]
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source_archive: "inbox/archive/internet-finance/2025-10-14-futardio-launch-avici.md"
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---
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# Avici
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## Overview
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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.
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## Investment Rationale (from raise)
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"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.
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## ICO Details
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- **Platform:** MetaDAO curated launchpad (4th launch)
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- **Date:** October 14-18, 2025
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- **Target:** $2M
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- **Committed:** $34.2M (17x oversubscribed)
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- **Final raise:** $3.5M (89.8% of commitments refunded)
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- **Initial FDV:** $4.515M at $0.35/token
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- **Launch mechanism:** Futardio v0.6 (pro-rata)
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- **Distribution:** No preferential VC allocations — described as one of crypto's fairest token distributions
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## Current State (as of early 2026)
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**Live products:**
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- **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.
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- **Smart Wallet** — self-custodial, login via Google/iCloud/biometrics/passkey (no seed phrases). Programmable security policies (daily spend limits, address whitelisting).
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- **Biz Cards** — lets Solana projects spend from onchain treasury for business needs
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- **Named Virtual Accounts** — personal account number + IBAN, fiat auto-converted to stablecoins in self-custodial wallet. MoonPay integration.
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- **Multi-chain deposits** — Solana, Polygon, Arbitrum, Base, BSC, Avalanche
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**Traction:** ~4,000+ MAU, 70% month-on-month retention, $1.2M+ in Visa card spend, 12,000+ token holders
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**Not yet live:** Trust Score (onchain credit scoring), unsecured loans, mortgages — still on roadmap
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## Team Performance Package (March 2026 proposal)
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0% team allocation at launch. New proposal for up to 25% contingent on reaching $5B valuation:
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- Phase 1: 15% linear unlock between $100M-$1B market cap ($5.53-$55.30/token)
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- Phase 2: 10% in equal tranches between $1.5B-$5B ($82.95-$197.55/token)
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- No tokens unlock before January 2029 lockup regardless of milestone achievement
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- Change-of-control protection: 30% of acquisition value to team if hostile takeover
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This is the strongest performance-alignment structure in the MetaDAO ecosystem — zero dilution unless the project is worth 100x+ the ICO valuation.
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## Governance Activity
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| Decision | Date | Outcome | Record |
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|----------|------|---------|--------|
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| ICO launch | 2025-10-14 | Completed, $3.5M raised | [[avici-futardio-launch]] |
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| Team performance package | 2026-03-30 | Proposed | See inbox/archive |
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## Open Questions
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- **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.
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- **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.
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- **Regulatory exposure.** Visa card program in 100+ countries implies banking partnerships and compliance obligations. How does futarchy governance interact with regulated card issuer requirements?
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## Timeline
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- **2025-10-14** — MetaDAO curated ICO opens ($2M target)
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- **2025-10-18** — ICO closes. $3.5M raised (17x oversubscribed).
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- **2025-11** — Card top-up speed reduced from minutes to seconds
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- **2026-01-09** — SOLO yield integration for passive stablecoin earnings
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- **2026-01-10** — Named Virtual Accounts launched (account number + IBAN)
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- **2026-01** — Peak return: 21x from ICO price ($7.56 ATH)
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- **2026-03-30** — Team performance package proposal (0% → up to 25% contingent on $5B)
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---
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Relevant Notes:
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- [[metadao]] — launch platform (curated ICO #4)
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- [[solomon]] — SOLO yield integration partner
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- [[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
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Topics:
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- [[internet finance and decision markets]]
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