diff --git a/entities/internet-finance/coins-me.md b/entities/internet-finance/coins-me.md index a5a63f08a..52c646748 100644 --- a/entities/internet-finance/coins-me.md +++ b/entities/internet-finance/coins-me.md @@ -1,13 +1,27 @@ # Coins.me -**Type:** company -**Status:** active -**Domain:** internet-finance +**Type:** Crypto neo-bank +**Status:** Live +**Parent Protocol:** P2P Protocol +**Target Market:** Unbanked and underbanked users in high-inflation economies ## Overview -Coins.me is a platform associated with P2P.me where user activity contributes to XP (experience points) that determine allocation priority in P2P.me's fundraising rounds. +Coins.me is a USD-denominated stablecoin neo-bank built on P2P Protocol infrastructure. The application targets the 1.4 billion unbanked adults and 2-3 billion underbanked users globally, particularly in high-inflation economies where local currency savings accounts lose purchasing power. + +## Features + +- Fiat on/off-ramp (local currency ↔ USDC) +- Global send and receive +- Cross-chain bridging +- Token swaps +- Yield through Morpho vaults (5-10% APY) +- Scan-to-pay at physical points of sale + +## Value Proposition + +In economies with high inflation (Argentina 200%+, Turkey 50-65%, Nigeria 25-30%), USD-denominated stablecoin accounts earning 5-10% yield provide fundamentally different value proposition than local currency savings accounts. Argentines hold estimated $200-250B in physical USD outside banking system due to lack of credible alternatives. ## Timeline -- **2026-03-25** — Identified as platform where activity generates XP for P2P.me allocation tiers \ No newline at end of file +- **2026-03** — Product live with core features: on/off-ramp, global transfers, bridging, swaps, Morpho yield, physical point-of-sale payments \ No newline at end of file diff --git a/entities/internet-finance/p2p-protocol.md b/entities/internet-finance/p2p-protocol.md index ee49d2fab..fb65fa671 100644 --- a/entities/internet-finance/p2p-protocol.md +++ b/entities/internet-finance/p2p-protocol.md @@ -1,40 +1,51 @@ # P2P Protocol -**Type:** Decentralized fiat-to-stablecoin on/off-ramp protocol -**Status:** Live, generating revenue -**Focus:** Emerging markets (India, LATAM, Southeast Asia) -**Governance:** MetaDAO futarchy +**Type:** Fiat on/off-ramp protocol +**Status:** Active +**Geography:** 6 countries operational, 16 in pipeline, 40-country target within 18 months +**Model:** Peer-to-peer fiat settlement with stablecoin clearing layer ## Overview -P2P Protocol is a non-custodial fiat-to-stablecoin on/off-ramp that matches users to merchants onchain for direct fiat-to-USDC exchange. The protocol leverages ZK-KYC and onchain incentives to facilitate trades without custodial intermediaries. +P2P Protocol is a permissionless fiat on/off-ramp infrastructure operating on real-time payment rails including UPI (India), PIX (Brazil), and QRIS (Indonesia). The protocol uses a Circles of Trust model where local operators stake capital, recruit merchants, and earn 0.2% of monthly volume processed through their circle. -## Market Position +## Business Model -Targets emerging market fiat-to-stablecoin conversion, a market estimated at tens to hundreds of billions of dollars in annual volume with billions in gross revenue. These markets face high spreads, fraud rates, frozen accounts, censorship, data leaks, and money laundering risks. +- Local operators stake capital and recruit merchants +- Operators earn 0.2% of monthly volume +- No central team payroll for country operations +- AI-powered operations layer provides support -The protocol is counter-positioned against centralized incumbents like Binance P2P through its non-custodial ZK-KYC architecture. +## Key Metrics + +- Operating for 2+ years +- 6 countries live (Brazil, Argentina, Venezuela, Mexico, India, Indonesia) +- 25-person global team (5 nationalities, 7 languages) +- Country launch cost reduced from $40K to $400 +- Launch timeline compressed from 45 days to 10 days ## Technology -- **Architecture:** Non-custodial with ZK-KYC -- **Matching:** Onchain user-to-merchant matching -- **Settlement:** Direct fiat-to-USDC exchange +- Stablecoin clearing layer for cross-border settlement +- Integration with major real-time payment systems +- AI operations layer built on 2.5-year operational playbook +- Open-source SDK for third-party integration (planned) -## Governance +## Expansion Strategy -Protocol IP, treasury funds, and mint authority are controlled by MetaDAO decision-market governance. +16 countries in active pipeline: Colombia, Peru, Costa Rica, Uruguay, Paraguay, Ecuador, Bolivia, Nigeria, Philippines, Thailand, Vietnam, Portugal, Spain, Turkey, Egypt, Kenya. -## Team +Planned permissionless version where anyone can create a circle, with SLA-based promotion to main application. -Team has relevant background including experience at emerging market centralized exchanges and ZK protocols underlying P2P's architecture. Backed by existing long-term investors who vouch for competency. +## Related Products -## Token Economics - -**Team vesting:** Performance-gated with 20% unlocks at 2x, 4x, 8x, 16x, and 32x ICO price (3-month TWAP), 12-month cliff - -**Investor vesting:** 20% unlocks at months 12, 15, 18, 21, and 24; locked tokens cannot be staked +- **Coins.me**: Consumer neo-bank application built on P2P Protocol infrastructure ## Timeline -- **2025-06-15** — MetaDAO ICO announced with detailed bull case from Jon Charb highlighting emerging market opportunity \ No newline at end of file +- **2024-03** — Protocol launched, began operations +- **2025-09** — Brazil launch: 45 days, 3 people, $40K investment +- **2025-11** — Argentina launch: 30 days, 2 people, $20K investment +- **2026-01** — Venezuela launch: 15 days, no local team, $400 investment +- **2026-02** — Mexico launch: 10 days, no local team, $400 investment +- **2026-03** — Vision announcement: 40-country expansion target, permissionless circles model, open-source SDK \ No newline at end of file