---
type: entity
entity_type: company
name: P2P.me
domain: internet-finance
status: active
founded: 2025
---

# P2P.me

P2P.me is a project that raised capital through MetaDAO's futarchy-governed ICO platform.

## Timeline

- **2026-03-17** — P2P.me team placed ~$20,000 Polymarket bet on their own ICO fundraising outcome, 10 days before public launch, while holding oral $3M commitment from Multicoin Capital
- **2026-03-27** — P2P.me disclosed insider trading, apologized, and announced trading proceeds would go to MetaDAO Treasury; adopted formal policy prohibiting future prediction market trading on own project outcomes
- **2026-03-30** — MetaDAO extended P2P.me ICO with refund window for investors (first extension)
- **2026-03-31** — MetaDAO extended P2P.me ICO again (second extension)
- **2026-04-05** — MetaDAO governance voted to pass buyback proposal for P2P.me despite insider trading disclosure; ICO raised approximately $500K versus $6M target

## Overview

The P2P.me case became a test of futarchy's self-policing capacity when the team's insider trading on Polymarket was disclosed. While MetaDAO governance passed the buyback proposal (not punishing the team at the mechanism level), market participants effectively killed the fundraise by withholding capital—demonstrating market punishment at the participant level even when governance punishment didn't materialize.

Legal observers noted the $3M oral VC commitment could constitute "material non-public information" even absent signed documents. P2P.me disputed this, arguing unsigned commitments made the outcome genuinely uncertain.

From Pine Analytics: The case involved below-NAV token creation and risk-free arbitrage for liquidation proposers, allowing the buyback to pass even with knowledge of the insider trading.