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@ -112,7 +112,7 @@ P2P.me ICO targeting $6M at $15.5M FDV represents a stretched valuation case (18
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P2P.me launch expected to show 'big commitment numbers that compress hard on pro-rata allocation' according to @m3taversal, suggesting the oversubscription pattern continues beyond initial MetaDAO launches. This indicates sustained demand rather than novelty-driven early adoption.
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P2P.me launch expected to show 'big commitment numbers that compress hard on pro-rata allocation' according to @m3taversal, suggesting the oversubscription pattern continues beyond initial MetaDAO launches. This indicates sustained demand rather than novelty-driven early adoption.
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### Additional Evidence (extend)
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### Additional Evidence (extend)
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*Source: [[2026-03-24-delphi-digital-metadao-ico-participant-behavior-study]] | Added: 2026-03-24*
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*Source: 2026-03-24-delphi-digital-metadao-ico-participant-behavior-study | Added: 2026-03-24*
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While 15x oversubscription validates demand for MetaDAO ICOs, Delphi Digital's participant analysis reveals that 30-40% of this demand comes from passive allocators and short-term flippers rather than conviction holders. This suggests oversubscription metrics may overstate genuine project support, as a significant portion of participants are portfolio diversifiers rather than aligned community members.
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While 15x oversubscription validates demand for MetaDAO ICOs, Delphi Digital's participant analysis reveals that 30-40% of this demand comes from passive allocators and short-term flippers rather than conviction holders. This suggests oversubscription metrics may overstate genuine project support, as a significant portion of participants are portfolio diversifiers rather than aligned community members.
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@ -62,7 +62,7 @@ Salmon Wallet explicitly highlights 'Founder incentives tied to token performanc
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### Additional Evidence (confirm)
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### Additional Evidence (confirm)
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*Source: [[2026-03-19-pineanalytics-p2p-metadao-ico-analysis]] | Added: 2026-03-24*
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*Source: 2026-03-19-pineanalytics-p2p-metadao-ico-analysis | Added: 2026-03-24*
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P2P.me implements performance-based team token unlocks with 2x–32x ICO price triggers via 3-month TWAP, while investor tokens lock for 12 months then stage over 12 months. This creates asymmetric alignment where team upside scales with performance while investors have standard vesting. Combined with 50% liquid float at TGE, this tests whether performance vesting can offset high initial float liquidation risk.
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P2P.me implements performance-based team token unlocks with 2x–32x ICO price triggers via 3-month TWAP, while investor tokens lock for 12 months then stage over 12 months. This creates asymmetric alignment where team upside scales with performance while investors have standard vesting. Combined with 50% liquid float at TGE, this tests whether performance vesting can offset high initial float liquidation risk.
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