rio: extract claims from 2026-03-25-telegram-m3taversal-futairdbot-the-ico-is-running-through-metadao-s
- Source: inbox/queue/2026-03-25-telegram-m3taversal-futairdbot-the-ico-is-running-through-metadao-s.md - Domain: internet-finance - Claims: 0, Entities: 1 - Enrichments: 0 - Extracted by: pipeline ingest (OpenRouter anthropic/claude-sonnet-4.5) Pentagon-Agent: Rio <PIPELINE>
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---
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type: entity
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entity_type: company
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name: P2P.me
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domain: internet-finance
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status: active
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founded: 2024
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headquarters: Unknown
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website: https://p2p.me
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---
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# P2P.me
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**Type:** company
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**Status:** active
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**Domain:** internet-finance
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## Overview
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Non-custodial USDC-to-fiat on/off-ramp built on Base. Uses zk-KYC (zero-knowledge identity verification) with on-chain settlement. Operates local payment rails: UPI (India), PIX (Brazil), QRIS (Indonesia), ARS (Argentina).
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## Product
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- **Architecture**: Non-custodial, Base-native
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- **KYC**: Zero-knowledge identity verification
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- **Settlement**: On-chain
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- **Payment Rails**: UPI (India), PIX (Brazil), QRIS (Indonesia), ARS (Argentina)
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- **Countries**: Live in 4 countries (India, Brazil, Indonesia, Argentina)
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## Traction (as of March 2026)
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- **Registered Users**: 23,000+
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- 78% India (18,071 users)
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- 15% Brazil
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- **Weekly Active Users**: 2,000-2,500 (10-11% of registered base)
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- **Monthly Volume**: Peaked at $3.95M (February 2026)
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- **Cumulative Revenue**: $327.4K through mid-March 2026
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- **Monthly Revenue**: $34K-$47K
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- **Annual Gross Profit**: ~$82K
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- **Volume Growth**: 27% average MoM over 16 months
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## Funding
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- **Seed Round**: $2M (April 2025)
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- Multicoin Capital
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- Coinbase Ventures
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- Alliance DAO
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- **ICO Target**: $6M (March 26, 2026)
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- **Total Target**: $8.33M
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## ICO Structure (March 26, 2026)
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- **Total Supply**: 25.8M tokens
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- **ICO Price**: $0.60/token
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- **Tokens for Sale**: 10M ($6M target)
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- **FDV**: ~$15.5M
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- **Float at TGE**: 50% (highest in MetaDAO ICO history)
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## Token Distribution
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- **Team**: 30% (7.74M tokens)
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- Performance-gated: Zero benefit below 2x ICO price
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- Five tranches at 2x/4x/8x/16x/32x ICO price (3-month TWAP)
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- **Investors**: 20% allocation
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- 12-month lock
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- Five equal tranches post-lock
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- **ICO**: 10M tokens (38.8%)
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## Operations
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- **Team Size**: 25 staff
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- **Burn Rate**: $175K/month
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- Salaries: $75K
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- Growth/Marketing: $50K
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- Legal/Operations: $35K
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- Infrastructure: $15K
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- **Runway**: ~34 months (from $6M raise)
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## Roadmap
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- **B2B SDK**: Launching June 2026
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- **Circles of Trust**: Local operators stake tokens to onboard merchants
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- **Expansion**: 20+ countries planned
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## Risk Factors
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- **Valuation**: 182x multiple on annual gross profit
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- **User Acquisition**: Stalled for six months
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- **Team Transparency**: No publicly available founder backgrounds
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- **Geographic Focus**: Expansion may dilute India/Brazil penetration
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## Analysis
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Pine Analytics verdict: CAUTIOUS. "Real product, on-chain verifiable traction, but valuation appears stretched."
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P2P.me is a project launching through MetaDAO's permissioned launchpad (metadao.fi). The launch features an allocation multiplier system where certain participants receive preferential allocations in the ICO.
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## Timeline
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- **2024** — Founded
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- **April 2025** — Raised $2M seed from Multicoin Capital, Coinbase Ventures, Alliance DAO
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- **March 26, 2026** — [[p2p-me-ico]] ICO launch ($6M target, $0.60/token, 50% float at TGE)
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- **2026-03-25** — ICO announced on MetaDAO's permissioned launchpad (metadao.fi) with allocation multiplier system for early participants
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