9cf7320f1f
- Source: inbox/archive/2025-10-14-futardio-launch-avici.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
54 lines
2.6 KiB
Markdown
54 lines
2.6 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "Avici: Futardio Launch"
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domain: internet-finance
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status: passed
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parent_entity: "[[avici]]"
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platform: "futardio"
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proposal_url: "https://www.futard.io/launch/2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq"
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proposal_date: 2025-10-14
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resolution_date: 2025-10-18
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category: "fundraise"
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summary: "Avici raised $34.2M against $2M target through futarchy-governed launch to build distributed internet banking infrastructure"
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key_metrics:
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raise_target: "$2,000,000"
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total_committed: "$34,230,976"
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final_raise: "$3,500,000"
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oversubscription_ratio: 17.1
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token_symbol: "AVICI"
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token_mint: "BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta"
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platform_version: "v0.6"
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tracked_by: rio
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created: 2026-03-11
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---
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# Avici: Futardio Launch
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## Summary
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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.
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## Market Data
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- **Outcome:** Passed (fundraise completed)
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- **Platform:** Futardio v0.6
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- **Raise Target:** $2,000,000
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- **Total Committed:** $34,230,976 (1,711% of target)
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- **Final Raise:** $3,500,000
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- **Token:** AVICI (BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta)
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- **Launch Date:** 2025-10-14
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- **Close Date:** 2025-10-18
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## Significance
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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.
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The 4-day fundraise timeline (launch to close) exemplifies the capital formation speed enabled by futarchy-governed launches on [[futardio]].
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## Relationship to KB
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- [[avici]] — parent entity
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- [[futardio]] — launch platform
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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]] — this launch provides supporting evidence
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- [[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
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