---
type: source
title: "P2P.me ICO on MetaDAO: $6M Target, Tier-1 Backed, March 26-30 Launch"
author: "Phemex News / Pine Analytics"
url: https://phemex.com/news/article/metadao-to-launch-p2pme-ico-with-6m-funding-target-on-march-26-66552
date: 2026-03-21
domain: internet-finance
secondary_domains: []
format: article
status: processed
priority: medium
tags: [metadao, p2p-me, ico, prediction-markets, capital-formation, multicoin, coinbase-ventures]
---

## Content

P2P.me ICO on MetaDAO:
- Launch: March 26, 2026; Close: March 30, 2026
- Target: $6M raise at ~$15.5M FDV; token price $0.01 per $P2P
- Seed investors: Multicoin Capital and Coinbase Ventures ($2M seed round, April 2025)
- Product: non-custodial USDC-to-fiat on/off ramp on Base, using zk-KYC and on-chain settlement
- Payment rails: UPI (India), PIX (Brazil), QRIS (Indonesia), Argentina
- Metrics: 23,000+ registered users; $1.97M monthly volume peak (February 2026); 27% average MoM volume growth over 16 months
- Near-term catalyst: B2B SDK launching June 2026 identified as potential inflection point

Pine Analytics published dedicated ICO analysis (already archived: 2026-03-19-pineanalytics-p2p-metadao-ico-analysis.md).

Secondary source: https://pineanalytics.substack.com/p/p2p-metadao-ico-analysis

## Agent Notes

**Why this matters:** Multicoin Capital and Coinbase Ventures backing a project that chose MetaDAO's ICO framework — rather than a traditional raise — is meaningful validation of the platform, especially after Trove/Ranger/Hurupay failures. Tier-1 institutional backers signal that the platform still has credibility with sophisticated allocators. This ICO is a test case: if it succeeds and performs post-TGE, it's the "one great success" MetaDAO needs. If it fails, it's compounding evidence of platform-level problems.

**What surprised me:** The valuation ($15.5M FDV for a product with $1.97M monthly volume) implies ~8x revenue multiple — aggressive but not absurd for a high-growth fintech. The 27% MoM growth over 16 months is strong if sustained. Multicoin/Coinbase Ventures' involvement substantially de-risks the project vs. Trove (which had no disclosed tier-1 backers).

**What I expected but didn't find:** Commitment data from MetaDAO's futarchy markets pre-close. Would show whether sophisticated participants are oversubscribing or lukewarm.

**KB connections:** Directly connects to MetaDAO ICO platform claims. If P2P.me succeeds, it becomes evidence for the futarchy selection thesis. If it fails (minimum-miss or post-TGE collapse), it's another data point against.

**Extraction hints:** Do NOT extract yet — ICO closes March 30. This is a source to watch. Archive for now; extract AFTER outcome is known. The outcome (success/failure, post-TGE performance) is the extractable claim, not the pre-ICO announcement.

**Context:** Most time-sensitive active thread. March 30 close date. Monitor.

## Curator Notes

PRIMARY CONNECTION: MetaDAO ICO platform claims; futarchy selection as mechanism
WHY ARCHIVED: Pre-ICO record for tracking purposes; documents tier-1 backing as platform validation signal
EXTRACTION HINT: Do NOT extract claims from this source until after March 30 close. The announcement itself has no extractable KB claim — the outcome does. Check back after close for result archiving.
