# Welcome to Avici Avici DAO’s purpose is to build distributed internet banking infrastructure to accelerate Bitcoin’s original promise, eliminating the need for central banks. Bitcoin launched 17 years ago. It is now a $2 trillion+ asset, but instead of serving as an electronic cash system, it is treated largely as a gold alternative. Even in El Salvador, where Bitcoin is legal tender, only 14–20% of businesses accept it, and even fewer people use it regularly. Stablecoins have about 30 million monthly active users, which is comparable to 1–2 neobanks like Revolut. Today, crypto is viewed primarily as trading and investing, not as money, not as cash, and not as a credible banking alternative. Stablecoins are a step in the right direction but still early. Cash cannot exist without banking and credit infrastructure. To push adoption, we cannot expect everyone to suddenly shift to a new system. Instead, we must create incentives and meet people where they are, enabling payments where merchants choose how to accept and payers choose how to spend. Fiat and crypto must become interoperable. Right now, it is not possible for someone to live fully onchain. You still need banks to build a credit score in order to access a home loan or business loan. The infrastructure for underwriting onchain is almost entirely missing. Avici’s strategy is to first make stablecoins usable across millions of merchants, build distribution, and then expand into credit, banking, and payments infrastructure. The goal is for anyone, anywhere to depend on Avici to spend, save, earn, borrow, and shift their entire banking needs while preserving privacy and self-custody of their wealth This doc is focused on current gaps, long term plans with the DAO. To learn more about current product visit ↓ {% embed url="" %} # Neobanks Neobanks like Revolut and Mercury are user experience startups rather than true banking institutions. They are tech products that simplify finance while still depending entirely on the old architecture. Most neobanks cannot offer traditional business loans or credit lines without relying on centralized pools of capital. This is why, when you need a $100k–$300k mortgage to buy a house, you still walk into a big bank, not a neobank you use for daily finances. When you need large financing for serious purchases, you go to serious institutions. Real banks continue to control money creation and operate the key infrastructure for fiat that powers the global economy. If we can create infrastructure to solve this, for example by issuing mortgages and credit globally at scale so that a Dubai fund can invest in home loans in Brazil, or an Indian farmer can borrow from a pool of DeFi capital, we can make credit markets fully auditable onchain, with privacy preserved, while knowing in real time the health of any pool or tranche. This reduces dependency on big banks and, by extension, the central banks that dictate interest rates. They may still print fiat, but if most economic credit is issued onchain and decentralized, their policy rate becomes less relevant or is forced to adapt to free market needs. In turn, this fulfills the purpose of reducing fiat dependence. The outcome is stronger property rights for over 5 billion people worldwide who today hold less than 43% of secure property rights.
Vitalik [shares](https://x.com/VitalikButerin/status/1969569289691865416) the same vision, Unsecured credit is a powerful engine for financial inclusion. " *Once we have a mature ecosystem of financial and non-financial activity happening onchain (see: Balaji's* [*ledger of record*](https://x.com/balajis/status/1290326486382022656) *concept), it starts to make sense to explore **reputation-based undercollateralized lending**, which is potentially an even more powerful engine of financial inclusion. Both the low-risk defi we build today, and the non-financial wizardry (eg. ZK identity) we build today, are upstream of making this outcome more likely.* " > Sources > > * [Property Rights source - Theia](https://www.theiablockchain.com/) > * [ Vitalik Vision of DEFI](https://x.com/VitalikButerin/status/1969569289691865416) > * [Ledger of Record](https://x.com/balajis/status/1290326486382022656) # Wallets are not banks Crypto wallets and stablecoins solve only a few use cases: sending to different wallets, trading, and investing. They are not interoperable with fiat. Wallets cannot solve core banking needs because they lack the infrastructure for security (one single signature shouldn't wipe out your entire money) , identity & fraud prevention, and unsecured credit growth.
When we talk to users and ask if they could switch their primary bank to Avici, the number one reason they hesitate is, *“I want to maintain a good credit score in my bank to get a home mortgage.”* {% embed url="" %} # Interoperability with fiat Payments are [multiplayer games](https://x.com/chuk_xyz/status/1952001048836555233). We cannot expect everyone to magically accept stablecoins. Avici makes stablecoins usable at any merchant through the Visa card. But many places either do not accept cards at all, or they come with 3–5% surcharges, extra fees, or minimum purchase requirements. I was traveling in New York, the finance capital of the world, and ironically in [most stores](https://x.com/RamXBT/status/1811210890709962848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1811210890709962848%7Ctwgr%5E8de00d3da7f99b60e5f40fa6e34f0682d86cb78f%7Ctwcon%5Es1_\&ref_url=https%3A%2F%2Fcdn.iframe.ly%2FKzWH2xma%3Fapp%3D1) around Wall Street, cards were either not accepted or came with high fees and minimums. The world runs on incentives and [network effects](https://www.notion.so/1-2-Problems-with-wallets-stablecoins-26da0cf0de2e80baaed1dfad62f88f6d?pvs=21). They are very hard to disrupt, but once disrupted with the right incentives, they become extremely valuable and difficult to imitate (think Uber or Airbnb). Stablecoin Payments need infrastructure and incentive-led distribution unlocks to fully take over finance. [Visa was originally set up almost like a DAO](https://x.com/RamXBT/status/1871080450489205021), with partner banks and merchants. They started a flywheel by providing the right incentives, solved fragmentation and interoperability, a card from Bank X would work at Merchant Y anywhere, solving fragmentation. > **Sources** > > * [Visa DAO](https://x.com/RamXBT/status/1871080450489205021) > * [Network Effects](https://www.nfx.com/post/network-effects-bible) > * [Payment Multiplayer games](https://x.com/chuk_xyz/status/1952001048836555233) > * [Stores in Wall St, New York](https://x.com/RamXBT/status/1811210890709962848?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1811210890709962848%7Ctwgr%5E8de00d3da7f99b60e5f40fa6e34f0682d86cb78f%7Ctwcon%5Es1_\&ref_url=https%3A%2F%2Fcdn.iframe.ly%2FKzWH2xma%3Fapp%3D1) > * [tweet by Gwart ](https://x.com/GwartyGwart?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1969146828038787410%7Ctwgr%5E767fc9084ca702567860bd2ff23c3935377f215a%7Ctwcon%5Es1_\&ref_url=https%3A%2F%2Fcdn.iframe.ly%2FMIOjZdvJ%3Fapp%3D1) # Stablecoins Stablecoins are the most successful product to emerge after decentralized exchanges. At $250B+ in market cap, they’ve grown fast but are still early, 99% remain fiat-backed & centralized.
I was in San Francisco speaking with a billionaire investor [Nikhil Kamat](https://x.com/nikhilkamathcio) who co-founded investing app Zerodha and our conversation made me realize how much stablecoins still live in the echo chamber of crypto Twitter. > Nikhil: “I keep hearing about stablecoins like USDC and USDT. As an investor, how do I actually use them? What makes them special?” > > Me: “You can trade with them, earn APY.” > > Nikhil: “But I can do that with a bank and get FDIC insurance. And if I want to hold currency, why stick to USD that has debt risks? Why not AED in Dubai?” > > Me: “True. But with stablecoins, you can self-custody and move them anywhere instantly.” > > Nikhil: “So I get full custody, no freezing, no risk of seizure. Sure, That has some value” > > Me: “Not exactly. USDC and USDT can be frozen anytime, they comply with US regulations.” > > Nikhil: “Then what’s the point?” > > Me: “Decentralized versions will come hopefully” USDC and USDT are systemic risks. They can be weaponized by the governments. [Operations choke point](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409457) already proved regulators don’t always play fair. In many ways, these are invisible CBDCs. The future of stablecoins must be: * Credibly neutral, not tied to one nation’s debt. * Censorship-resistant, with no freeze switches while still keeping bad actors away. * Low volatility * Should adjust to real time metrics from internet capital markets All of these are critical when global trade worth trillions of dollars is at stake. > Sources > > * [Operation choke point](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409457) > * [US $37T debt reset using stablecoins](https://www.youtube.com/watch?v=enUgDZ4ULCc\&t=470s) > * [Nikhil Kamat](https://x.com/nikhilkamathcio) # Privacy Neobanks built onchain need privacy while keeping compliance. Today’s privacy solutions are just patches. * They fragment liquidity. * They aren’t fully private, amounts may be hidden, but traces remain onchain. * Mixers don’t have large enough pools to guarantee real privacy. * They don’t do enough to stop bad actors effectively Everyday finances credit history, spending, loans shouldn’t be publicly auditable. # Credit & Debt Money did not originate from the barter system, that is a myth. It originated from credit. Coins or units of exchange emerged later with warfare. Money is not a commodity, it is a social ledger. To gain independence from fiat, we need a social ledger. Complex economies were run on credit as early as c. 3500 BCE. Metal coins appeared thousands of years later. The standard textbook story, barter → coins → credit → electronic money, is historically backwards. Human economies began with credit ledgers, coinage arose later for armies and taxes, and modern finance is effectively a return to virtual credit money but without the safeguards to reset debt traps. We cannot have true internet money without building credit, the part that has been broken for thousands of years. Today’s credit score systems like FICO were built to serve creditors (Big banks). They are primarily derived from “repayments,” which encourage people to take on debt. If you choose not to participate, everything becomes expensive or unreachable, from insurance to home loan APR to even the job you are applying for, all because you refused to play along with a made up credit score. The world has shifted heavily toward creditors, punishing debtors even when it is unethical. The 2008 crisis was a litmus test. Governments bailed out banks, not the individuals harmed by the banking collapse. The crisis exposed that money is just a web of social promises that elites freely renegotiate. If democracy means anything, people should have a say in which debts are kept, reworked, or erased. For most of history, money has been a unit of account plus transferable credit, basically a way to record and settle promises. The real evolution of money is the ability to record, transfer, and enforce claims, not merely to pass around a commodity. > Sources > > * [Debt: The First 5,000 Years | David Graeber ](https://www.youtube.com/watch?v=CZIINXhGDcs\&t=3825s) > * [Why credit scores a scam](https://www.youtube.com/watch?v=GnlTCTwwWmc) > * [Money and credit around 3500 BCE](https://arc.net/l/quote/auptybct) # Masterplan * [x] Use Stablecoin Visa cards to keep gaining distribution * [ ] Build an internet neobank that is 10x better than regional banks in emerging markets by providing local card BIN's, better & smarter realtime credit lines * [ ] Make Avici the default payroll account and primary home of finances and a safe place to store wealth with privacy * [ ] Launch an independent trust score to replace FICO’s bank-biased model. * [ ] Deliver mortgages, personal and business loans, and major credit lines directly from onchain investor pools to users with high trust score * [ ] Reduce dependence on central bank interest rates, thus Fiat's role. * [ ] Kickstart a world reserve stablecoin governed by Futarchy, realizing Ray Dalio’s prediction but with an internet currency controlled by people, not the Yuan or BRICS Avici’s masterplan is what motivates us to build. Its idealistic and mission driven. The world might not always reward this, and we may not be able to execute everything. This should not be treated as a strict roadmap. Some problems may no longer need solving after a few years, or we may need to focus on something else instead. Avici should stay adaptive and execute in a way that reduces the influence of central banks. Worst case → a self custodial neobank with a Visa spend card generating solid interchange revenue Best case → a DAO that helped reduce fiat’s role. > Sources > > * [ Decentralized interest rates](https://x.com/balajis/status/1865896672334860754) > * [Changing World Order by Ray Dalio](https://www.youtube.com/watch?v=xguam0TKMw8) # Master Strategy (Network Effects) or in crypto lingo, Flywheel! [Network effects](https://www.nfx.com/post/network-effects-bible) are what makes products unstoppable, when each new user makes the product more valuable for everyone else. Avici is built on this principle: growth comes from connecting multiple nodes that reinforce each other and compound over time. Its highly important in a competitive market like Fintech to have this. Avici’s network effect nodes: * Trust Score * Payroll Account * Employer * Employee * Spend Card
*** ### 1. Cold Start Problem We solve this by bootstrapping with strong incentives and utility using the card Our edge: * Users don’t join Avici for others; they join for instant utility, spend card + USD account. * Once they join, their actions (spending, salary deposits) start generating Zk data → trust score → yield → more users. Designing the cold start loop: * Reward early usage (e.g. cashback, referral, yield boost). * Highlight instant utility first, network benefits second. *** ### 2. Multiple Network Effects in Avici We have at least 4 overlapping network effects: * Data Network Effect: Every user spend improves the Trust Score algorithm, making credit scoring more accurate. * Two-Sided Network Effect: Employers ↔ Employees (Payroll system). More employers onboard → more employees → more card usage. * Social / Behavioral Network Effect: Once friends or coworkers are on Avici (getting salary, cashback, etc.), switching becomes hard. * Platform Network Effect: As more merchants start accepting stablecoins, legacy payment rails face the innovator’s dilemma, they lack the incentives to adapt quickly, while the new ecosystem compounds value with every new participant *** ### 3. Defensibility Our moat compounds through data, reputation, switching costs, and multi-product integration. * Data: Trust Score becomes the standard. * Switching Costs: Once salary + spend + savings are within Avici, leaving breaks the loop. * Ecosystem Depth: Owning both payroll (employer) and card (employee) builds resilience, each reinforces the other. * Reputation: Avici becomes synonymous with “crypto credit identity,” like Plaid became for data pipes. *** ### 4. Designing Incentives That Align Each Node | Node | Incentive | Effect | | ------------------- | ----------------------------------------------------------- | --------------------------------- | | Employer | Lower payroll fees, instant payouts, yield on idle treasury | Motivates onboarding employees | | Employee | Cashback, yield, credit line via Trust Score | Drives transactions + retention | | Spend Card | Rewards, 0-FX, instant off-ramp | Incentivizes everyday use | | Trust Score | Unlocks higher limits, better rates | Incentivizes responsible behavior | | DAO / Token Holders | Governance over credit & yield pools | Aligns ecosystem-level incentives | Design principle: Everyone should be rewarded when others use Avici more, so there is compounding alignment. *** ### 5. Compound Network Design This is the holy grail, it’s a network of networks: * Payroll network (employers ↔ employees) * Spend network (users ↔ merchants) * Credit network (users ↔trust score↔lenders) * Data network (user data↔yield models) Each strengthens the others, forming compound network effects, which is the most defensible moat in the world. *** ### 6. TLDR * Starting with one strong wedge (e.g. spend card + payroll). * Instrument every interaction to increase value for others (data, liquidity, reputation). * Introduce status loops (e.g. High trust score = unlocked higher credit line + Early access to exclusive Events) * Focus on node density, not just total users. Depth before breadth. *** # Internet neobank
\ \ \ We believe stablecoin cards are the most useful application of stablecoins as they solve the [incentive problem](https://x.com/chuk_xyz/status/1952001048836555233) and make crypto spendable worldwide. The main unlock with stablecoin cards is that you can have a self-custodial wallet, use the existing Visa infrastructure without giving control of assets to Visa or banks. There are currently only USD, EUR, and HKD BINs. But most regions prefer having local BIN's without paying forex to spend locally, so there is so much room to grow this category and [its just getting started](https://arc.net/l/quote/awmpwgby)\ \ [Avici today](https://docs.avici.money) allows anyone to create a virtual card within minutes, order a [physical card](https://arc.net/l/quote/awmpwgby), and have it delivered to their doorstep. You can use the virtual card (if the ATM supports NFC) or the physical card to withdraw cash directly, powered by any crypto asset while keeping full custody of your funds. Within the same app, you can store, swap, and spend any tokenized asset, giving you a single balance to fund payments anywhere Visa is accepted. Global onramping is built in. Anyone in Brazil, Singapore, or over 150+ other countries can open a USD or EUR account, convert local currency, receive USDC in their wallet, and start spending instantly without relying on a local bank
{% embed url="" %} > Sources > > * [Sources Payments are multiplayer games](https://x.com/chuk_xyz/status/1952001048836555233) > * [Launch of Avici Physical cards](https://x.com/RamXBT/status/1952263085865193980) > * [Stablecoin spend Volume](https://arc.net/l/quote/awmpwgby) # Making Solana Wallets Smarter We believe focusing on Solana is critical. It is the chain that comes closest to solving the blockchain trilemma of decentralization, performance, and censorship resistance. Today, smart wallets on Solana require high compute to execute complex programable transactions, which limits the ability to deliver a truly easy to user experience. We believe security and ease of use should never be traded off against each other. We’re confident we can make Solana wallets more efficient by reducing compute costs and enabling complex transactions while still providing a great User experience and security. Our plan is to build a full-fledged, highly programmable smart contract account that can serve all financial use cases for individuals, businesses, and large institutions Existing solutions for DAOs and serious institutions rely heavily on multi-sigs, which are only secure if private keys are never compromised. We’ve seen countless cases where teams lose funds due to phishing attacks. Multi-sigs are only as secure as the people managing them and people remain the weakest link. We believe programmability is the answer to make wallets more secure than relying purely on multiple signatures. **Example:** The [Bybit exploit](https://www.nccgroup.com/research-blog/in-depth-technical-analysis-of-the-bybit-hack/) showed that a single multisig approval can move billions in assets. Instead, such transactions should be guarded by programmable controls like timed approvals, transaction whitelists, and layered policies that prevent arbitrary proxy upgrades without checks.
# Trust score, Underwriting & Jubliee Avici should build a Trust Score that rewards cash flow and wealth, using ZK proofs to protect privacy. We can integrate Web2 tools like auto-credit or mortgage payments from payroll accounts to minimize default risks. A global trust score solves many problems: * Immigrants don’t have to start at zero credit when moving to a new country. * Anyone can borrow a mortgage against both offchain and onchain assets at better APYs than traditional banks offer. * It creates a ledger of proof, unlike today’s credit scores which are [terrible at maintaining transparent records.](https://www.youtube.com/watch?v=aRrDsbUdY_k) * A 2008-style debt collapse becomes far less likely because all tranches, loan amounts, and repayments are auditable onchain in real time. Avici can first focus on its existing spenders of current cards and then expand with a go-to-market strategy in regions where people have wealth yet still pay 20–25% APY for a home mortgage. Figuring out under-collateralized lending is the endgame for crypto. I initially wanted to solve this directly, but realized we need distribution first, which is why we continued to execute on the card and neobank strategy. *** {% embed url="" %} [Jubilee ](https://en.wikipedia.org/wiki/Debt_jubilee)is what made ancient credit work. It didn’t favor creditors or debtors. A well-functioning world should reward and punish both creditors and debtors. The world today, as Graeber, [Author of 5000 years of debt](https://en.wikipedia.org/wiki/Debt:_The_First_5,000_Years) argues, has shifted toward punishing debtors ([Watch Bigshort](https://www.youtube.com/watch?v=IGqX5_hIU9I)). A fair and transparent jubilee can help prevent social collapse when debts become unpayable. But it has to be targeted and rule-based so it doesn’t create new incentives for reckless borrowing or lending. In the ancient Near East (Sumer, Babylonia, later biblical Israel), jubilees were not acts of charity or socialism . Kings declared them because it was in their own political and economic interest: * If peasants were trapped in debt to private creditors, they couldn’t pay taxes or serve in the army. * A debt-bound peasantry meant the state’s productive base was locked up servicing old debts instead of producing new surplus. * By canceling debts and restoring land, the king freed up labor and resources, making his subjects wealthier and thus increasing the state’s ability to collect taxes and mobilize soldiers. If we can build an onchain ledger where all debt data is auditable with futarchy to guide policy at scale and debt is denominated in a trustless currency, we may finally have a realistic shot at addressing the root of the debt problem, creating a system that can reset itself fairly while discouraging harmful debt accumulation. The economics of this approach are still unproven, but it is worth attempting to see if it can actually deliver a better outcome. Olympus DAO tried to build a world reserve currency but couldn’t sustain it due to limited utility and ponzi 3,3 tokenomics. A true reserve currency must be backed by real economic activity. Since unsecured credit powers modern money, building transparent infrastructure with embedded safeguards could enable a trust-minimized, internet-native reserve currency one purpose-built for this environment: it can absorb infinite capital, reprice in real time to global liquidity, and create new monetary assets, [a bubble that never needs to pop, because its value lies in being money itself](https://x.com/akshaybd/status/1975188083524988935). **Sources** * [ Ledger of Record](https://x.com/balajis/status/1290326486382022656) * [Why American credit system is so terrible ](https://www.youtube.com/watch?v=88v_r9osaAU\&t=65s) * [Credit Reports: Last Week Tonight with John Oliver ](https://www.youtube.com/watch?v=aRrDsbUdY_k) * [Debt Jubliee](https://youtu.be/KFozqWUTaiI) * [It starts to make sense to explore reputation-based undercollateralized lending - Vitalik ](mailto:undefined) * [A bubble that never needs to pop](https://x.com/akshaybd/status/1975188083524988935) # Culture, People, Distribution Avici needs to innovate on product, distribution, and team incentives equally to execute on the master plan. **On Product:** * Maintain a sharp taste for exceptional design that makes people feel awe every time they use it. * Solve for user intents by constantly talking to users and observing their real behavior. * Iterate relentlessly to reduce complexity. **On Distribution:** * Build network effects around the card and Trust score * Constantly look for ideas, old and new, and explore opportunities to reach people that others might overlook. * Design for viral loops into the product & infrastructure to grow organically The key to everything is having exceptional people who are incentivized and aligned with the mission. We should hire the top 1% of talent worldwide, the builders of today’s modern internet and fintech. # Current Progress **Current Beta Mobile App Metrics** * Visa card Spends: $1M+ * Avg. Growth spends: 35% average MoM * Retention for active users\*: 70% MoM (Our favorite metric) * Total onramp volume (USD,EUR): $800k+ * Cards created: 5k+ * Total signups: 9K+ **Current Revenue Models** * Sales from Platinum, Signature Virtual and Physical Visa cards * Interchange revenue: 1.5–2% depending on spend category\*\* * On-ramp and off-ramp fees from USD/EUR accounts **Future Revenue Streams** * Business accounts for startups, DAOs, and institutions * Wallet swap fees * Private transaction Fees * Visa Infinite Metal card sales * Share percentage in APY from Savings, Mortgage vaults. * Trust Score SDK for other wallets, financial institutions, and NBFCs *** \* User who has either spent via the card or created credit balance \*\*Avici does not capture the full interchange revenue as it is shared with partners who provide the card issuance infrastructure. # Token Sale & supply * Minimum raise: $2m * Monthly allowance: $100k Total Token supply 12.9M breakdown: * 10M - ICO tokens (77.5%) * 2.9M - Liquidity provision (22.5%) * 0 for team (Allocation through decision market proposal) Liquidity provision * 2M tokens on Futarchy AMM * 900k tokens on Meteora pool We believe the team behind Avici should be strongly incentivized to build toward the master plan, but we trust our community to decide that through a decision market proposal in the future. # Futarchy Governance Avici is partnering with[@MetaDAOProject](https://x.com/MetaDAOProject). We believe Futarchy governance and decision markets are the most efficient way to run an organization. Futarchy was also mentioned in [Ethereum’s whitepaper](https://ethereum.org/whitepaper/#:~:text=application%20of%20futarchy,for%20decentralized%20organizations.) as a governance model for decentralized systems.With Solana ecosystem solving liquidity and infrastructure for tokens, and MetaDAO solving the “[token problem](https://x.com/TheiaResearch/status/1974891037832458300),” we can finally make futarchy work in practice. Learn more about MetadDAO ↓ {% embed url="" %} # Risks WIP\* (check back later) # Manifesto crypto is necessary for an open society and free market society. It's not meant to replace fiat currencies but to stand as a formidable counterbalance against corruption, ensuring governments remain in check. Crypto is the power to protect ownership you earn throughout your life, and not give governments or anyone the power to take away everything you worked for all your life. It's freedom of ownership. when two parties wish to conduct a lawful exchange, they should be empowered to do so, regardless of geographic boundaries. Just as the Internet revolutionized the speed and ease of information transfer, so too should the exchange of value evolve to match this pace. Crypto helps us achieve this level of efficiency in value exchange, enabling a future where transactions are as seamless as sharing information. we cannot expect governments, corporations, or other large, faceless organizations to grant us ownership out of their goodwill. It is their advantage to speak of us, and we should expect that they will speak. Historically, individuals have safeguarded their ownership through investments in gold, land, art, or business ventures. Now, we must proactively defend our rights through the creation of decentralized systems, creating an environment where anyone, anywhere can exchange value freely. at Avici, we are dedicated to building decentralized systems. We are defending ownership with cryptography, Zero-knowledge systems, digital signatures, and electronic money & assets. Avici builds. We know that someone has to build a user-friendly decentralized systems to defend freedom of ownership since we can’t get ownership unless we all do, we’re going to build. Crypto will define 21st-century commerce as fiat systems fail, as we become a multi-planetary species. Freedom to own is way more prevalent than ever for Freedom to own to be widespread it must be part of a social contract. People must come and together deploy these systems for the common good. We at Avici seek your questions and your concerns and hope we may engage you so that we do not deceive ourselves. We will not, however, be moved out of our course because some may disagree with our goals. onward. 3rd Jan 2024