Avici club
@AviciClub
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onchain bank account powered by blockchain to lead you to self sovereignty
onchain
Joined August 2023
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introducing Avici, A self custodial, simple to use crypto exchange for India 🇮🇳
current crypto exchanges in India suck:
- can't use UPI to buy crypto
- no crypto withdrawals or have high fees
- you don't control your funds, exchange does.
- user experience sucks.
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we heard you. 🤝
Avici now supports
@solana
natively –– we've also introduced innovative features
current Solana UX is good but it can be better 👇
- Gas-less transactions, no need to hold SOL
- Simple and secure self-custody via Passkeys
- Smoother Offramp
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we just won a $10,000 grant from Solana Foundation!
🤝thank you Solana Foundation, for believing in our vision and supporting us very early to build user-friendly self custodial crypto exchange
@solana
🖤
@AviciClub
huge thanks to
@SuperteamDAO
🫡
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would you use a debit card backed by USDC for offline purchases in India
but have to accept a bad rate (around Rs.82 per USDC) ?
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huge update launch - Avici P2P 🖤
crypto exists today because of Cypherpunks who enabled Satoshi to invent
@Bitcoin
cypherpunks dreamed of creating a world where money isn’t centralised.
Bitcoin’s white-paper had "Bitcoin: A Peer-to-Peer Electronic Cash System"
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time to delete all Indian crypto exchanges & Install us.
India is the 2nd largest crypto audience, we deserve better platforms.
share Avici with your friends & save them from using broken exchanges
With Avici,
- We source liquidity from decentralised exchanges like
@Uniswap
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Onramp to Solana directly with UPI live on Avici now🖤
now you don't need to worry about bridging or crazy withdraw fees from some exchanges.
Update to Latest version of Avici on Testflight (IOS) and android to try it out.
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🌉🌉🌉
current experience to move your assets between blockchains sucks! takes too much time and is very difficult for average user.
we just made "Move" live on Avici, which helps you move assets from
@0xPolygon
to
@solana
& vice versa in just 3-10seconds!
Powered by
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no better time to switch from centralised exchanges that risk your funds with a single point of failure.
introducing Avici V1.5: better security, multi-chain support, and more.
powered by
@zerodev_app
and
@SocketProtocol
.
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huge update to Avici- MVP of Spot market(convert)
current Spot markets in India suck, they have too much spread, fees & doesn't support UPI
wallets like Metamask, Phantom charge high fees around 0.8% to 1%, requires gas fee & calculates USDT/USDC price as ₹83 which is wrong
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onramp,
other exchanges - doesn't support UPI, should make a deposit to buy crypto. Minimum is anywhere between ₹100 - ₹1k
at Avici, No need for separate deposit. Go from INR to the crypto asset that you need in just 1-2mins with UPI, get started with as little ₹25
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introducing Avici V1.2! 🪄
some huge new updates & improvements
1. Degen Mode: Trade any asset directly using its contract address—no need for Avici listings.
2. Favorites Feature: Easily save and monitor your favorite meme coins in one convenient location.🖤
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our next big update should be live by next week.
we hit multiple delays as it’s a huge update.
we think everyone will love it, excited for next week🫡
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what should we launch next?
Futures trading
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more EVM chains
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Solana network support
26
show me results
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our playbook ⬇️
- Own the wallet ux (account abstraction) ✅
- Own the economics (no user fees) ✅
- Own the apps (killer apps and app store) ⌛️
- fully integrated UX ⌛️
There's an open opportunity for a full stack layer 2.
Own the wallet ux (account abstraction).
Own the economics (no user fees).
Own the apps (killer apps and app store).
Fully integrated UX.
Max consumer friendly.
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building a self-custodial onchain exchange is 10x harder but once solved, will take crypto back to its roots
-- i.e. don't trust, Verify.
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huge and most awaited update to Avici next week🖤
any guesses?😼
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⚡️Most requested feature on Avici is now live!
You can now request TDS Statement for all Quick sell (offramp orders)
Whenever you Quick sell (convert crypto to Indian rupees), we include 1% TDS in the quote.
Update to the latest version to get TDS statement.🖤
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P2P offers you the best rate, simply open Avici app, click on P2P and then on "post ad"
If you are looking to buy, simply post "buy ad" to match with a seller
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It now costs $4 to withdraw USDC/USDT on Solana from Binance 🫡
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we've started to integrate Solana last Thursday after receiving feedback from community,
we wrapped it up in few days, thanks to our devs
@0xatiwari
&
@Varunlohade1
––and guidance from
@shek_dev
&
@SuperteamDAO
🤝
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not only we made gas-less swaps on Polygon using account abstraction powered by
@biconomy
,
we've also made it gas-less for Solana! no need to hold SOL for Swaps
example of a wallet that was able to buy JUP and convert it to Bitcoin without any SOL 🪄
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at Avici, We'd like to make buy & sell crypto super simple. While giving you control over your funds all the time.
centralised exchanges are glorified banks, everything crypto stands against.
download Avici today to take back your crypto:
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offramp,
other exchanges - Minimum is anywhere between ₹100 - ₹1k
with Avici, You can offramp as little as ₹25 and setup auto offramp. Any crypto received to this will be automatically gets sold at best price & deposited in your bank account
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"i will support the right to self-custody and i will never allow the creation of Central bank digital currency" -
@realDonaldTrump
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With Avici, you have gas-less transactions on Solana with Octane. 🖤
Users don't need to hold SOL to make transactions, swaps (soon), this makes crypto onboarding much smoother
example of a wallet address that was able to transact USDT with 0 SOl
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hello world.
time to take back your crypto from glorified banks a.k.a centralised crypto exchanges.
i'm building
@AviciClub
with
@Varunlohade1
&
@0xatiwari
bitcoin's first block was mined on this day in 2008 when people were getting screwed by the Big banks. Its genesis block contained the text "Chancellor on the Brink of Second Bailout for Banks"
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we just created a bounty on
@SuperteamEarn
you know how to make video content? This one is for you
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to lean more, Visit our docs:
download Avici:
Avici is currently invite only. If you need an invite reply below or DM us 🤝
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we heard you 🤝
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@CryptooAdy
people should be able to withdraw crypto anytime anywhere they want
that's what crypto stands, you control your funds.
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one small update, one huge step towards privacy,
you can now sign up with apple ID for Avici & we are live on app store directly!!
(we will still use testflight to push new features, stay there for alpha)
to get the best privacy,
1. download the latest version from app
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crypto withdrawals,
other exchanges- Doesn't support or charge insane fees with minimum limits.
at Avici - We charge no fees. You can send as little ₹1 to any crypto wallet at anytime
we even pay blockchain network fees for you, thanks to
@biconomy
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thanks for all the amazing submissions.
we spent a lot of time to finalise the winners and it was a tough one.
🏆1 -
@theliliannuel
🏆2 -
@Amarjeet171003
🏆3 -
we will reach to you shortly and mention the next steps to claim the bounty 🫡
we just created a bounty on
@SuperteamEarn
you know how to make video content? This one is for you
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did you know?
Avici is the best place to buy gold in India 🇮🇳
- Better prices, almost ₹531 per gram cheaper on Avici
- You control your gold via Passkeys on your phone not a broker platform
@shek_dev
@thede_plandude
@JarAppHQ
@misbahspeaks
simple — better prices.
1gm 24kgold in
@JarAppHQ
= ₹6,876
1gm 24kgold in
@AviciClub
= ₹6,345
(1 PAXG = 1 ounce = 31.103 gm)
Save ₹531 per gram
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current UX to send a multi-chain transaction requires you to figure out how to bridge, get gas on both chains and then send it.
imagine paying your friend for a coffee but you have to open two bank accounts just to pay.
avici-O (“O” for “omni chain UX”) solves this👀
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self-custody & security,
other exchanges - Controls all your funds, uses outdated security measures like --
OTP: prone from sim swapping
Google auth: Bad UX
At Avici, Passkeys signs all your transactions- with better UX while giving you complete control over your funds.
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did you know?
millions of dollars in crypto has been stolen because of sim swaps
sim-swap is a systemic risk for the entire internet, most apps use 2FA like Google auth which are also not safe.
tldr; i got sim-swapped yesterday
first noticed our unlonely_app twitter getting hacked. attackers bought similar unlonely dot xyz or unlonely dot claim domains and copied our landing page. luckily, we caught this early and were able to prevent further losses for users.
then my
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ONE CLICK BRIDGE TO SOLANA ✨
🤯
@0xsitaram
and the team at
@AviciClub
are total mad lads. They casually shipped an one click bridge to solana.
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we have many more exciting updates coming soon as we get closer to public beta.
note:
- P2P is disabled on the app as we work on it to support multi-chain
- Solana is also disabled till next week
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this is exactly why Centralised exchanges are doing $40 trillion volume and DEX do around $900B
solving this will literally 40x and bring trillions and trillions of dollars worth of assets onchain
Centralised exchanges assets are not onchain. Not your keys, not your assets.
pov: I received an airdrop on polygon and go to sell it but I don’t have matic, so I send myself matic from coinbase but it’s the wrong matic! I needed matic on polygon not eth, so I try bridging but to bridge $5 of matic I need to pay $80 in gas fees on eth which I don’t have.
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ever had to send crypto to a friend on a different network and had to manually bridge and send funds?
We've made cross-chain transfers super simple.
now, just select the chain you want to send to, and we automatically bridge the asset and send it to your desired network.
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not your keys not your assets.
Avoid all centralised exchanges⚡️
@freewalletorg
Any crypto wallet that won’t give you your private keys should be avoided at all costs
2K
4K
26K
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sending is now much faster & cheaper for new users⚡️
not to forget, Avici charges 0 fees, supports as little as ₹1 ($0.01) & even pays SOL fees for you.
time to ditch exchanges that don't support crypto withdrawals –– or support with insane fees with minimum limit.
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Its time to take back our crypto from centralised exchanges by embracing self custody. 🤝
Centralised exchange volume was almost 47x or 4,785.36% more than Decentralised exchanges in 2022.
In 2022,
The total trading volume (including both spot and derivatives) for the top 10
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🚨 Important Update: Architecture Change Next Week
Please take your funds out of Avici.
Changes next week:
1. You will have a new Polygon wallet address next week, but we will give you an option to access your old wallet even after the update.
2. You will have a new Solana
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We are bringing auto offramp to Solana,
any USDT sent to this wallet will automatically get off-ramped with best price (including TDS for compliance) and fiat will be deposited in your bank account.
––we plan to add support for more tokens soon🫡
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your daily reminder to stop using Platforms/exchanges that don't support crypto withdrawals or have huge limits with fees.
No crypto withdrawals mean your account balance is merely digital numbers, relying on trust rather than the core principle of crypto: verification.
Crypto
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Avici is still in private beta,
if you'd like to try it out, fill this link to get access to private beta :
join our telegram to keep updated on current issues, get early access & report bugs:
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thank you for all the amazing submissions!
we will announce the winners on Friday! 🖤
we just created a bounty on
@SuperteamEarn
you know how to make video content? This one is for you
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an app that is smart wallet? that uses passkeys? well well well 👉👈
So what is smart wallet?
Smart wallet is an addition to the Coinbase Wallet SDK that enables instant wallet creation within a dapp using just a passkey – no app downloads, extensions, or seed phrases required.
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Asking 'What problems do blockchains solve?' is like asking 'What problems does steel solve over, say, wood?' You can make a building or railway out of either. But steel gave us taller buildings, stronger railways, and more ambitious public works at the outset of the Industrial
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this is how sending should always work and how
@VitalikButerin
wanted
@jon_charb
Synchronous atomic composability is very overrated imo. Like, think about what are some specific cross-L2 things *you* are already doing or envision yourself doing that could be more seamless. For me, the top two are:
1. I have coins on Optimism, I want to pay Bob, but Bob is
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India ranks
#1
in the world Crypto adoption through centralised Exchanges with Value received (Keeping in mind Purchasing power)
What does this mean?
• Indian's heavily depend on Centralised Exchanges to get into crypto.
• We need to make DEFI wallets simple to use so
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3rd Jan 2024
join warpcast channel for early alpha
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🫶
@0xsitaram
@AviciClub
@Claynosaurz
@bonk_inu
@JupiterExchange
I tried your app. It's too convenient and perfect on-ramp app.
I am amazed with zero fees and no price leakage.
This app will surely provide access to million of Indian user to onboard to crypto.
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@CryptooAdy
centralised exchanges are glorified banks everything crypto stands against
at Avici, We'd like to make buy & sell crypto super simple. While giving you control over your funds all the time.
centralised exchanges are glorified banks, everything crypto stands against.
download Avici today to take back your crypto:
1
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0
5
wondering how meme coins work? check out our in-depth thread to understand 🧵👇
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SIP with Rs.25!
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No user should ever have to hear the term “gas fee”
No user should ever have to hear the term “gas fee”
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and because its Gas-less, offramp of over 250+ crypto asset works like Magic 🪄 ,
select any asset you want to sell & Get INR directly in your bank account 🫡
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BREAKING : The US stock market 🫡
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In the coming weeks, we plan to integrate with —
@reclaimprotocol
and launch features to ensure safety
- Submit your bank account history, Credit score, your net worth, KYC/AML checks all while preserving your privacy. We don’t collect or store the data and just use zk proofs
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we've also integrated with:
-
@SocketProtocol
to power all cross-chain swaps
-
@circle
's CCTP to enable ultra low costs to move across chains
-
@zerodev_app
&
@SquadsProtocol
to make all default wallets a multisig using your email & passkeys
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Avici is still in private beta, if you'd like an invite reply below or DM us.
thanks for all the early members to contributing to Current stats of Avici 🖤
- 400+ private beta users
- $50,000+ volume (64.32% offramp & 35.68% onramp)
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Avici is currently invite only, if you don't have an invite click on this link to download & get invite code:
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Avici is still in private beta & invite-only with few bugs here & there,
If you'd like to try it out, Sign up for private beta here:
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@tusharlog
we are bootstrapped currently & have not raised any funding currently.
We are launching futures in coming weeks!
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@thisismaheshj
you missed something else too, we also mentioned "auto offramp" --USDT sent to this solana wallet will automatically get off-ramped & INR is credited in your bank acc.
so, offramp, auto-offramp & INR in a single post
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excited to partner with
@LitProtocol
to make onchain login simple with just a name!
2/ 🤝 Partners including
@0xAarc
,
@AviciClub
,
@basenameapp
,
@ChainSafeth
,
@clustersxyz
,
@Collab_Land_
,
@dynamic_xyz
,
@ensdomains
,
@GeniusTerminal
,
@Oamo_io
,
@itsobvioustech
,
@patchwallet
,
@pimlicoHQ
,
@privy_io
,
@rainbowdotme
,
@rhinestonewtf
,
@silkysignon
,
@useTria
,
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while centralised exchanges offer a compliant and secure entry into crypto, they diverge from the Cypherpunks' decentralised dream.
Avici P2P bridges that future, ensuring safety without central control.
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what should we focus on next?
improve Spot markets
11
futures markets
4
p2p trading
21
show me results
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3. quickly understand your TDS refund on Quick sell orders,
helps you understand precise refund calculations for each order. 🫡
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what are some improvements or features that you'd like for Avici? Reply below, we always listen🫡
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@gmishra
@shek_dev
you’ll be the first one we message as soon as we support solana and launch on
@solanamobile
dApp store ⚡️
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how do you sell crypto and get INR currently?
Using Avici :)
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P2P
36
Indian exchange
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3. Check balance in offramp price 🤏
most wallets & exchanges miscalculate the price of stable coins.
With this feature in Avici, it ensures you can always get a clear understanding of the value of your assets quickly
go to settings, turn on -> Use offramp price
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@navin346
@sartajtw
not if you build it right with -
- Better security to avoid re-use of KYC using passkeys
- Collect web2 data and generate zk proofs
- Verify bank transactions using
@reclaimprotocol
and so much more.
we wil try to solve P2P
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