--- type: entity entity_type: company name: P2P.me domain: internet-finance status: active founded: 2024 headquarters: India/Brazil focus website: https://p2p.me tags: [p2p-exchange, zk-kyc, metadao-ico, india, brazil] --- # P2P.me **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 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 - **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 ## Product Metrics (as of March 2026) - **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)