teleo-codex/entities/internet-finance/avici.md

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

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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