entity-batch: update 1 entities

- Applied 1 entity operations from queue
- Files: entities/internet-finance/p2p-me.md

Pentagon-Agent: Epimetheus <968B2991-E2DF-4006-B962-F5B0A0CC8ACA>

decisions/internet-finance/p2p-me-ico-march-2026.md

@@ -1,56 +0,0 @@
----
-type: decision
-domain: internet-finance
-parent_entity: p2p-me
-status: active
-proposal_date: 2026-03-26
-category: fundraise
-created: 2026-03-19
----
-
-# P2P.me ICO (March 2026)
-
-## Decision
-
-P2P.me is conducting an ICO on MetaDAO's futarchy platform targeting $6M raise at approximately $15.5M fully diluted valuation.
-
-## Structure
-
-- **Price**: $0.60/token
-- **Tokens sold**: 10M
-- **Total supply**: 25.8M
-- **Liquid at launch**: 50%
-- **Team unlock**: Performance-based, no benefit below 2x ICO price
-- **Target raise**: $6M
-- **FDV**: ~$15.5M
-
-## Pine Analytics Assessment
-
-### Primary Concerns
-
-1. **Valuation mismatch**: 182x multiple on current gross profit ($82K). Monthly revenue would need to scale to ~$875K just to cover operating costs from treasury contributions.
-
-2. **Growth stagnation**: Active users plateaued mid-2025. Historical 27% MoM volume growth came from market conditions, not organic acquisition. Geographic expansion to 20+ countries risks spreading thin before saturating existing 80%-concentrated markets.
-
-3. **Runway reality**: $175K monthly burn with approximately 34 months of runway including current revenue contributions.
-
-### Bull Case
-
-- B2B SDK deployment potential
-- Circles of Trust merchant onboarding model for geographic expansion
-- Performance-based team unlock aligns incentives (team has no upside below 2x ICO price)
-- On-chain P2P with futarchy governance prevents rug-pull risk
-
-## Market Context
-
-This ICO follows Hurupay's failure despite stronger metrics ($7.2M monthly volume vs P2P.me's $3.95M peak). The outcome will test whether MetaDAO's futarchy filter correctly identifies overvalued raises or whether community optimism overrides fundamental analysis.
-
-The 50% liquid at launch creates immediate below-NAV vulnerability if market disappoints, enabling the FairScale implicit put option playbook.
-
-## Status
-
-Scheduled for March 26, 2026. Outcome pending.
-
-## Sources
-
-- Pine Analytics, "$P2P: MetaDAO ICO Analysis", March 15, 2026

entities/internet-finance/p2p-me.md

@@ -55,3 +55,4 @@ Treasury controlled by token holders through futarchy-based governance. Team can
 - **March 26, 2026** — ICO scheduled on MetaDAO
 
 - **2026-03-26** — [[p2p-me-metadao-ico]] Active: ICO scheduled, targeting $6M raise at $15.5M FDV with Pine Analytics identifying 182x gross profit multiple concerns
+- **2026-03-26** — [[p2p-me-ico-march-2026]] Active: $6M ICO at $15.5M FDV scheduled on MetaDAO

inbox/queue/2026-03-15-pineanalytics-p2p-metadao-ico-analysis.md

@@ -7,15 +7,12 @@ date: 2026-03-15
 domain: internet-finance
 secondary_domains: []
 format: article
-status: processed
+status: unprocessed
 priority: medium
 tags: [metadao, ICO, p2p, ownership-coins, futarchy, valuation, governance, filter-mechanism]
 processed_by: rio
 processed_date: 2026-03-18
 extraction_model: "anthropic/claude-sonnet-4.5"
-processed_by: rio
-processed_date: 2026-03-19
-extraction_model: "anthropic/claude-sonnet-4.5"
 ---
 
 ## Content
@@ -100,18 +97,3 @@ EXTRACTION HINT: Hold for March 26 ICO result before extracting claims. The valu
 - P2P.me team unlock is performance-based with no benefit below 2x ICO price
 - Pine Analytics identified 182x multiple on current gross profit for P2P.me
 - P2P.me would need ~$875K monthly revenue to cover operating costs from treasury contributions
-
-
-## Key Facts
-- P2P.me ICO scheduled for March 26, 2026 on MetaDAO
-- P2P.me targeting $6M raise at ~$15.5M FDV ($0.60/token, 10M tokens sold)
-- P2P.me has 23,000+ registered users as of March 2026
-- P2P.me peaked at $3.95M monthly volume in February 2026
-- P2P.me generates ~$500K annualized revenue, ~$82K gross profit
-- P2P.me has 25 staff with $175K monthly burn rate
-- P2P.me user base is 78% India, 15% Brazil
-- P2P.me token supply is 25.8M total with 50% liquid at launch
-- P2P.me team unlock is performance-based with no benefit below 2x ICO price
-- Pine Analytics identified 182x multiple on current gross profit for P2P.me
-- P2P.me would need ~$875K monthly revenue to cover operating costs from treasury contributions
-- Pine Analytics is the most credible independent MetaDAO ecosystem research source