From 42f706a8a917e70baa9b53ef4a40e7d76650776e Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Sat, 4 Apr 2026 14:12:56 +0000 Subject: [PATCH] rio: extract claims from 2026-03-23-x-research-p2p-me-ico - Source: inbox/queue/2026-03-23-x-research-p2p-me-ico.md - Domain: internet-finance - Claims: 0, Entities: 1 - Enrichments: 2 - Extracted by: pipeline ingest (OpenRouter anthropic/claude-sonnet-4.5) Pentagon-Agent: Rio --- entities/internet-finance/p2p-me.md | 108 +++++----------------------- 1 file changed, 18 insertions(+), 90 deletions(-) diff --git a/entities/internet-finance/p2p-me.md b/entities/internet-finance/p2p-me.md index ffa51563..bc694135 100644 --- a/entities/internet-finance/p2p-me.md +++ b/entities/internet-finance/p2p-me.md @@ -1,107 +1,35 @@ --- type: entity entity_type: company -name: "P2P.me" +name: P2P.me domain: internet-finance -handles: [] -website: https://p2p.me status: active -tracked_by: rio -created: 2026-03-20 -last_updated: 2026-04-02 -parent: "[[metadao]]" -launch_platform: metadao-curated -launch_order: 10 -category: "Non-custodial fiat-to-stablecoin on/off ramp" -stage: growth -token_symbol: "$P2P" -token_mint: "P2PXup1ZvMpCDkJn3PQxtBYgxeCSfH39SFeurGSmeta" -founded: 2024 -headquarters: India -built_on: ["Base", "Solana"] -tags: [metadao-curated-launch, ownership-coin, payments, on-off-ramp, emerging-markets] -competitors: ["MoonPay", "Transak", "Local Bitcoins successors"] -source_archive: "inbox/archive/2026-01-01-futardio-launch-p2p-protocol.md" +founded: ~2025 +headquarters: Unknown +website: https://p2p.me --- # P2P.me +P2P.me is a decentralized, non-custodial fiat-to-USDC infrastructure platform for global markets, enabling instant local currency conversion. + ## Overview -Non-custodial peer-to-peer USDC-to-fiat on/off ramp targeting emerging markets. Users convert between stablecoins and local fiat currencies without centralized custody. Live for 2 years on Base, expanding to Solana. Uses a Proof-of-Credibility system with zk-KYC to prevent fraud (<1 in 1,000 transactions). - -## Investment Rationale (from raise) - -The most recent MetaDAO curated launch and the first with a live, revenue-generating product and institutional backing. The bull case: P2P.me solves a real problem in emerging markets (India, Brazil, Argentina, Indonesia) where traditional on/off ramps are expensive, slow, or blocked by banking infrastructure. In India specifically, zk-KYC addresses the bank-freeze problem that plagues centralized crypto services. VC backing from Multicoin Capital ($1.4M), Coinbase Ventures ($500K), and Alliance DAO ($350K) provides validation and distribution. - -## ICO Details - -- **Platform:** MetaDAO curated launchpad (10th launch — most recent) -- **Date:** March 26-30, 2026 -- **Target:** $6M at $15.5M FDV ($0.60/token, later adjusted to $0.01/token) -- **Total bids:** $7.15M (above target) -- **Final raise:** $5.2M -- **Total supply:** 25.8M tokens -- **Liquid at launch:** 50% (highest in MetaDAO history) -- **Team tokens (30%):** 12-month cliff, performance-based unlocks at 2x/4x/8x/16x/32x ICO price -- **Investor tokens (20%):** 12-month full lockup, then 5 equal unlocks over 12 months - -## Current State (as of March 2026) - -**Product metrics:** -- **Users:** 23,000+ registered -- **Geography:** India (78%), Brazil (15%), Argentina, Indonesia -- **Volume:** Peaked $3.95M monthly (February 2026) -- **Weekly actives:** 2,000-2,500 (~10-11% of base) -- **Revenue:** ~$578K annualized (2-6% spread on transactions) -- **Gross profit:** $4.5K-$13.3K/month (inconsistent) -- **NPS:** 80; 65% would be "very disappointed" without the product -- **Fraud rate:** <1 in 1,000 transactions (Proof-of-Credibility) - -**Financial reality:** -- Monthly burn: $175K ($75K salaries, $50K marketing, $35K legal, $15K infrastructure) -- Runway: ~34 months at current burn -- Self-sustainability threshold: ~$875K/month revenue (currently ~$48K/month) -- Targeting $500M monthly volume over next 18 months - -**Prior funding:** -- Multicoin Capital: $1.4M (Jan 2025, 9.33% supply) -- Coinbase Ventures: $500K (Feb 2025, 2.56% supply) -- Alliance DAO: $350K (2024, 4.66% supply) -- Reclaim Protocol: $80K angel (2023, 3.45% supply) - -## The Polymarket Incident - -In March 2026, the P2P.me team placed bets on Polymarket that their own ICO would reach the $6M target, using the pseudonym "P2PTeam." They had a verbal $3M commitment from Multicoin at the time. They netted ~$14,700 in profit. The team publicly apologized, sent profits to the MetaDAO treasury, and adopted a formal policy against future prediction market trades on their own activities. Covered by CoinTelegraph, BeInCrypto, Unchained. - -This incident is noteworthy because it highlights the tension between prediction market participation and insider information — the same issue that recurs in futarchy design (see MetaDAO decision market analysis). - -## Analyst Concerns - -Pine Analytics characterized the valuation as "stretched relative to fundamentals" — the ~182x price-to-gross-profit multiple requires significant growth acceleration that recent data does not support. User growth has stalled for ~6 months with weekly actives plateauing. Delphi Digital found 30-40% of MetaDAO ICO participants are passives/flippers, creating structural post-TGE selling pressure independent of project quality. - -## Roadmap - -- Q2 2026: B2B SDK launch, treasury allocation, multi-currency expansion -- Q3 2026: Solana deployment, governance Phase 1 (insurance/disputes) -- Q4 2026: Phase 2 governance (token-holder voting for non-critical parameters) -- Q1 2027: Operating profitability target +P2P.me provides infrastructure for converting fiat currencies to USDC without custodial intermediaries, targeting global market access. ## Timeline -- **2024** — Founded, initial angel round from Reclaim Protocol -- **2025-01** — Multicoin Capital $1.4M -- **2025-02** — Coinbase Ventures $500K -- **2026-01-01** — MetaDAO ICO initialized -- **2026-03-16** — Polymarket incident (team bets on own ICO) -- **2026-03-26** — MetaDAO curated ICO goes live -- **2026-03-30** — ICO closes. $5.2M raised. +- **2026-03-26** — Launched ICO on MetaDAO platform (March 26-30, 2026) with $6M minimum raise, 25M total token supply, discretionary cap with refunds for overallocation, and XP-based tier allocation system (Tier 3: 1.5x allocation retention during oversubscription) ---- +## Products -Relevant Notes: -- [[metadao]] — launch platform (curated ICO #10, most recent) -- [[omnipair]] — earlier MetaDAO launch with different token structure +- Decentralized fiat-to-USDC conversion infrastructure +- Non-custodial payment rails for local currencies -Topics: -- [[internet finance and decision markets]] +## Funding + +- ICO on MetaDAO (March 2026): $6M minimum raise target + +## Strategic Position + +Chose ICO over traditional VC fundraising, explicitly positioning futarchy-governed capital formation as strategic preference rather than fallback option. \ No newline at end of file