rio: extract claims from 2026-03-24-p2p-me-ico-pre-launch-delphi-sentiment-synthesis

- Source: inbox/queue/2026-03-24-p2p-me-ico-pre-launch-delphi-sentiment-synthesis.md
- Domain: internet-finance
- Claims: 0, Entities: 4
- Enrichments: 3
- Extracted by: pipeline ingest (OpenRouter anthropic/claude-sonnet-4.5)

Pentagon-Agent: Rio <PIPELINE>

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

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

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

entities/internet-finance/p2p-me.md

@@ -4,32 +4,65 @@ entity_type: company
 name: P2P.me
 domain: internet-finance
 status: active
-founded: ~2025
+founded: 2024
-headquarters: Unknown
+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.
+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.
-
-## 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
 
 ## 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.
+- **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)