diff --git a/entities/internet-finance/alliance-dao.md b/entities/internet-finance/alliance-dao.md new file mode 100644 index 00000000..f33b8a02 --- /dev/null +++ b/entities/internet-finance/alliance-dao.md @@ -0,0 +1,21 @@ +--- +type: entity +entity_type: organization +name: Alliance DAO +domain: internet-finance +status: active +tags: [accelerator, dao, web3] +--- + +# Alliance DAO + +**Type:** Web3 accelerator and investment DAO +**Status:** Active + +## Overview + +Alliance DAO is a web3-focused accelerator program and investment organization supporting early-stage crypto projects. + +## Timeline + +- **March 2024** — Invested $350K in P2P.me \ No newline at end of file diff --git a/entities/internet-finance/coinbase-ventures.md b/entities/internet-finance/coinbase-ventures.md new file mode 100644 index 00000000..68f50f96 --- /dev/null +++ b/entities/internet-finance/coinbase-ventures.md @@ -0,0 +1,22 @@ +--- +type: entity +entity_type: company +name: Coinbase Ventures +domain: internet-finance +status: active +tags: [venture-capital, crypto-vc] +--- + +# Coinbase Ventures + +**Type:** Venture capital (crypto-focused) +**Status:** Active +**Parent:** Coinbase + +## Overview + +Coinbase Ventures is the venture capital arm of Coinbase, investing in early-stage crypto and blockchain companies. + +## Timeline + +- **February 2025** — Invested $500K in P2P.me at $19.5M FDV \ No newline at end of file diff --git a/entities/internet-finance/delphi-digital.md b/entities/internet-finance/delphi-digital.md new file mode 100644 index 00000000..a37087bc --- /dev/null +++ b/entities/internet-finance/delphi-digital.md @@ -0,0 +1,32 @@ +--- +type: entity +entity_type: company +name: Delphi Digital +domain: internet-finance +status: active +tags: [research, crypto-research, metadao] +--- + +# Delphi Digital + +**Type:** Crypto research and advisory firm +**Status:** Active + +## Overview + +Delphi Digital is a crypto-native research firm providing market analysis, protocol evaluation, and mechanism design insights. + +## Research Contributions + +### MetaDAO ICO Behavior Study + +Delphi Digital's study of MetaDAO ICO participant behavior identified that 30-40% of participants are "passives/flippers" who allocate for exposure rather than conviction. This creates structural post-TGE selling pressure independent of project quality, meaning even fundamentally sound ICOs face mechanism-driven headwinds in initial trading windows. + +**Implications:** +- Post-TGE token performance mixes project-specific signals with structural mechanism selling +- Separating quality signals from passive-base liquidation is analytically difficult +- ICO success (reaching minimum raise) does not predict post-TGE price stability + +## Timeline + +- **March 2026** — Published MetaDAO ICO behavior study documenting 30-40% passive/flipper participant base \ No newline at end of file diff --git a/entities/internet-finance/p2p-me.md b/entities/internet-finance/p2p-me.md index bc694135..406f588c 100644 --- a/entities/internet-finance/p2p-me.md +++ b/entities/internet-finance/p2p-me.md @@ -4,32 +4,65 @@ entity_type: company name: P2P.me domain: internet-finance status: active -founded: ~2025 -headquarters: Unknown +founded: 2024 +headquarters: India/Brazil focus website: https://p2p.me +tags: [p2p-exchange, zk-kyc, metadao-ico, india, brazil] --- # P2P.me -P2P.me is a decentralized, non-custodial fiat-to-USDC infrastructure platform for global markets, enabling instant local currency conversion. +**Type:** Fiat P2P crypto exchange +**Status:** Active (ICO launching March 26, 2026) +**Core Value Proposition:** zk-KYC solving India's bank-freeze problem for crypto users ## Overview -P2P.me provides infrastructure for converting fiat currencies to USDC without custodial intermediaries, targeting global market access. - -## Timeline - -- **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 - -- Decentralized fiat-to-USDC conversion infrastructure -- Non-custodial payment rails for local currencies +P2P.me is a fiat-to-crypto peer-to-peer exchange primarily serving India (78% of users) and Brazil (15% of users). The platform uses zero-knowledge KYC to address regulatory friction in markets where traditional banking infrastructure creates barriers to crypto access. ## Funding -- ICO on MetaDAO (March 2026): $6M minimum raise target +- **Alliance DAO:** $350K (March 2024) +- **Multicoin Capital:** $1.4M at $15M FDV (January 2025) +- **Coinbase Ventures:** $500K at $19.5M FDV (February 2025) +- **MetaDAO ICO:** $6M target public sale (March 26, 2026) +- **Total pre-ICO:** ~$2.33M +- **ICO FDV:** ~$15.5M at $0.60/token -## Strategic Position +## Product Metrics (as of March 2026) -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 +- **Registered users:** 23,000+ +- **Geographic distribution:** 78% India, 15% Brazil +- **Monthly volume peak:** ~$3.95M (February 2026) +- **Weekly active users:** 2,000-2,500 +- **Cumulative revenue (through mid-March 2026):** ~$327K +- **Monthly gross profit:** $4.5K–$13.3K (inconsistent) +- **Monthly burn:** $175K +- **Annualized revenue:** ~$500K +- **Annual gross profit:** ~$82K +- **Self-sustainability threshold:** ~$875K/month revenue + +## Token Structure + +- **Total supply:** 25.8M tokens +- **Liquid at TGE:** 50% +- **Vesting:** 100% unlocked at TGE +- **Allocation system:** Multi-tier with preferential multipliers (1x, 3x, etc.) + +## Analysis Context + +- **Pine Analytics rating:** CAUTIOUS (March 2026) +- **Valuation multiple:** 182x gross profit (per Pine Analytics) +- **Team acknowledgment:** Called fundamental critiques "completely valid" while proceeding with ICO +- **Comparable failure:** Hurupay (similar fintech profile) failed on MetaDAO ICO in recent cycle + +## Strategic Significance + +P2P.me represents the first major test of MetaDAO's ICO selection quality following the Trove/Hurupay/Ranger failure sequence. The outcome will provide empirical data on whether futarchy-governed launches can filter for project quality or whether structural passive-base selling (30-40% of participants per Delphi Digital) dominates post-TGE performance independent of fundamentals. + +## Timeline + +- **March 2024** — Raised $350K from Alliance DAO +- **January 2025** — Raised $1.4M from Multicoin Capital at $15M FDV +- **February 2025** — Raised $500K from Coinbase Ventures at $19.5M FDV +- **March 26, 2026** — MetaDAO ICO launch ($6M public sale target) \ No newline at end of file