Schmeckle 💵

A lot of people instantly turned bearish when @RamXBT mentioned Avici might raise again soon This isn’t a traditional crypto “raise.” This is a fintech scaling moment, and the context matters Early-stage fintechs like: - Revolut - Wise - Stripe - CashApp - N26 All raised multiple rounds early because scaling financial infrastructure is expensive: ✅ licensing ✅ compliance ✅ payment rails ✅ virtual account partners ✅ settlement infrastructure ✅ fraud prevention ✅ card issuing ✅ treasury ops The fact that @avici is already processing millions per month makes it normal that they raise for scaling their infra. Raising money to support hypergrowth is bullish, not bearish It means the product is working too well that they need more capacity and imo that’s the best problem a startup can have... + the sale will only happen IF holders approve it, this is why Futarchy matters This part is what most people ignore, Avici cannot raise anything unless OWNERS approve it via Futarchy This isn’t: ❌ founders deciding ❌ backroom deals ❌ VC allocation insider dumping ❌ traditional ICO dilution Instead, it's: ✅ holders voting ✅ market outcomes deciding ✅ aligned incentives ✅ transparent proposals This is exactly why @MetaDAOProject Futarchy is 10x superior to ICO models, holders control the dilution, the raise, and the structure, Founders cannot force anything In any other crypto project, the founder would simply announce the raise and dilute you If the raise accelerates growth, so ownership becomes more valuable If the raise is unnecessary, then holders reject it, and no dilution happens This creates a smart filter, only the raises that increase owner value ever get approved Most people are bearish because they still think in old-ICO mental models People associate new raises with team dilution, greed, mismanagement, supply nuking, rug potential, desperation, etc But none of this applies here because: 1⃣ Avici is not a “hype token,” it is a scaling fintech 2⃣ Futarchy prevents founders from diluting without approval 3⃣ All details will be on-chain and market-validated 4⃣ Raises fund infra expansion, not runway 5⃣ Growth metrics justify scaling spending People will eventually realize that you can't compare Avici to meme projects... You have to compare it to real fintech companies that scale like startups Made this TLDR below, picking the best parts from the article for anyone interested: ➡️ $2.9M credit created (2×), $2.5M spend volume (3×), 55k transactions (3×), 16.2k MAU (2×). For month 2, these numbers are insane and show real product-market fit ➡️ People aren’t just testing the card; they’re actively using it. High retention this early is rare in fintech and signals long-term stickiness ➡️ Named virtual accounts + MoonPay partnership are the biggest unlock so far: Off-ramps now arrive as normal bank transfers under the user’s own name. ➡️ Biz cards + institutional-grade Solana wallet infra shipped: This expands Avici from consumer fintech into business + high-value money flows ➡️ Public dashboards, viral marketing, new dev hires, new infra, LATAM GTM, all in one month ➡️ Some issues still need fixing but they’re transparent about it: Card balance withdrawal bugs, better wallet analytics, LATAM focus ➡️ Revenue is growing but they are reinvesting everything for marketshare: Interchange + card sales are already meaningful, but the plan is to use it as cashback ➡️ Team supply / new raise will be proposed transparently: Proposal likely Dec/Jan, and holders will need to approve it, this is why Futarchy matters ➡️ “Avi” is coming, personalization + deeper user experience: They want Avici to become people’s financial home, not just a spending card. More personalization = higher retention and bigger revenue per user ➡️ Metal cards + cashback targeting high spenders: Once spend volume 2-3×, interchange becomes big enough to reward users aggressively ➡️ They will double down on global + localized branding now that people get the narrative The People’s bank Ownership Supercycle