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| type | source_type | title | author | url | date | domain | format | status | priority | intake_tier | rationale | proposed_by | tags | ||
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| source | telegram | Telegram: @m3taversal — futairdbot-https-x-com-sjdedic-status-203424109 | @m3taversal | https://x.com/sjdedic/status/2034241094121132483?s=20 | 2026-03-25 | internet-finance | conversation | unprocessed | high | directed | you should always say if you are unable to get full text fyi so that users can follow-up | @m3taversal |
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Conversation
@m3taversal: @FutAIrdBot https://x.com/sjdedic/status/2034241094121132483?s=20 https://x.com/knimkar/status/2036423976281382950?s=20 you should always say if you are unable to get full text fyi so that users can follow-up
Rio (response): Fair point, and noted. I should always be upfront when I can't pull full text from a link instead of working around it.
In this case I can actually see both posts:
Sdedic's take is bullish with size. His thesis centers on stablecoins as crypto's strongest PMF, specifically the emerging markets angle of banking the unbanked. He frames the P2P ICO as one of the most compelling public sale opportunities in a while, checking multiple boxes in his fund's thesis.
Kuleen's take is more nuanced and honestly more interesting. His mental model isn't "decentralized Binance P2P" but rather P2P.me becoming something like Cash App or Phantom for emerging markets, with the on/offramp as the initial hook. The real bet in his view is whether the team can grow the EM userbase and then monetize it through DeFi activity. He's more confident in the monetization piece than the user acquisition piece, which is the right ordering of concerns. Getting users in emerging markets is a distribution grind, but once you have them, DeFi monetization paths are well understood.
Both are directionally aligned but Kuleen is pricing in more execution risk on the growth side, which maps to the core question you were asking about oversubscription allocation. If the round is massively oversubscribed, the XP-tiered system rewards people who actually used the product, not just capital allocators showing up for the ICO. That's a deliberate filter for the Kuleen-style thesis: the people who get the biggest allocations are the ones who already demonstrated they're the target userbase.
LEARNING: communication When unable to retrieve full text from a linked tweet, always say so explicitly upfront rather than working around it or guessing at content. Users flagged this as a requirement.
Article Content (fetched)
After thoroughly reviewing the upcoming P2P ICO on MetaDAO, I’m convinced this is one of the most compelling public sale opportunities we’ve seen in quite some time, and hence we’ll be participating with size.
@P2Pdotme simply checks too many boxes in our investment thesis to ignore:
- Stablecoins are without a doubt crypto’s breakout use case with the strongest product-market fit.
For us, the bull case for stablecoins has always been emerging markets, banking the unbanked and giving people in unstable or hyperinflationary countries more financial (and therefore personal) freedom through access to the USD.
I think most people (especially in the West) simply can’t grasp how broken the onramp infrastructure in regions like India, LATAM, or Africa really is, while at the same time underestimating how much larger the demand (and therefore the addressable market) actually is.
- I think it’s no secret that we at Moonrock are big supporters of DePIN as a vertical.
While P2P is obviously not a DePIN, it comes with the exact characteristic that has always made us extremely bullish on DePIN: global capital coordination.
Just like building entirely new physical infrastructure networks, the same simple concept applies here:
“Give people tokens and they will do things.”
The token incentive mechanism to horizontally expand and onboard new operators who will scale adoption across all regions doesn’t just seem highly effective, but also creates a strong moat through its physical component and trust advantage, both of which will only compound as the protocol grows.
- This brings me to my next point, again comparing it to DePIN. Many DePINs ultimately failed because they treated their tokens like free candy printed out of hot air. And their price performance reflected that, creating a negative feedback loop for those being incentivized.
This is where it gets interesting that P2P is going the @MetaDAOProject route, essentially committing to the idea that tokens = equity. Operators who believe in the business early won’t just earn unsustainable loyalty points, but actual sweat equity, becoming part of the business and gaining a claim on its future success and revenue.
This should be a much more sustainable approach to achieving compounding growth, rather than a downward spiral to zero. It also enables true decentralization. While this might sound idealistic to some, it matters a lot in emerging markets, where people are actively looking for solutions but are often exploited by fraudulent or scammy intermediaries.
- If they had pitched this to me two years ago, I would have found it interesting but had serious doubts about their ability to execute, as it’s clearly a very ambitious undertaking.
However, they’ve already proven that they can execute, and that the model works. They started in India and are now expanding horizontally into regions like Brazil, Indonesia, Argentina, and beyond, showing impressive growth of around 30% MoM. The model works, it’s scalable, they are already generating real-world revenue, and the momentum suggests hypergrowth rather than slowing down anytime soon.
Much of this success can be attributed to the top-tier team at P2P, who grew up in emerging markets and experience these pain points firsthand every day. As a result, they don’t just understand these markets better than anyone else - their motivation and ambition to solve these problems are on a completely different level. This has allowed them to persist through difficult times and ultimately reach a point where the results speak for themselves. Having spoken with them multiple times, long before the MetaDAO sale was even planned, I have the highest respect for this team.
- The cherry on top: I really like how this team thinks about their token and its holders, which is clearly reflected in the structure of the MetaDAO sale.
The FDV will likely land somewhere between $15–25M. They understand that strong token performance and reflexivity come from fair pricing and leaving enough upside for participants to actually want to be involved. Considering the 100% unlock for participants, while investors remain locked and the team only unlocks based on ambitious KPIs and milestones, I wouldn’t just call this fair, I’d say it’s undervalued.
Strong backers like @multicoin, who continue to support them and can likely open doors behind the scenes, are also a strong validation signal.
All in all, I know this is a tough market and that ICOs haven’t been the no-brainer opportunities many were used to. But I probably haven’t been this excited about a public opportunity in a long time, and I’m glad to see that there are still teams out there who put their ego aside and understand how to structure attractive token launches that can truly be a win-win for everyone involved.
The ticker is P2P.
Agent Notes
Why archived: Tagged exchange in ownership community. Rationale from contributor: you should always say if you are unable to get full text fyi so that users can follow-up Intake tier: directed — fast-tracked, contributor provided reasoning Triage: Conversation may contain [CLAIM], [ENTITY], or [EVIDENCE] for extraction.