The $AVCD memecoin, released in December 2023 by the Avocado team, has quietly become one of the most deflationary assets within the Internet Computer (ICP) ecosystem. Unlike many tokens in the space that rely on hype cycles or aggressive marketing, $AVCD has been driven by a methodical approach and a core user base that has followed Avocado since its NFT project days.
Initially distributed exclusively to Avocado NFT holders, the entire supply of 100 million tokens was released into circulation at launch. Then in December 2024, a DAO vote shifted the structure of the project, replacing the previous NFT-based governance model with one linked directly to the AVCD token.
Each transaction on the network incurs a flat 10 AVCD burn. This built-in deflationary mechanism is further supported by a weekly buy-and-burn process using DAO earnings. According to current figures, 50% of the Avocado DAO neuron’s profits are allocated for buying and burning AVCD on the market. Another 25% is reinvested, and the remaining 25% supports project development and team operations.
The founder, referred to by the community as a long-time contributor to Internet Computer, has been part of the ecosystem since the Mercury Genesis phase. While the memecoin tag might lead some to think of it as a throwaway project, there’s a working structure behind AVCD’s economics that makes it stand out among others in the space.
At present, the circulating supply has dropped to under 93 million, with the number continuing to fall as weekly burns and transactional fees accumulate. The DAO has also outlined a longer-term reduction strategy. Once its neuron is eventually dissolved, it will be split into 20 parts, and for 20 consecutive days, tokens will be purchased using those funds and burned. Based on estimates, over 30,000 ICP will be allocated for this final burn process.
The project hasn’t sought mainstream attention, instead keeping its updates limited to its Discord community and X account. This low-profile approach has helped maintain a more measured tone in what is often a noisy corner of Web3.
Whether AVCD will find a broader following or remain a tight-knit, deflation-focused project is unclear. But it’s already offering a working example of a memecoin with embedded mechanics aimed at long-term supply compression rather than short-term speculation.
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