teleo-codex/entities/internet-finance/p2p-me.md

name	ticker	type	subtype	domain	status	launch_platform	launch_date	raise	operations	chain	holders	traction	liquidation	tracked_by
P2P.me	$P2P	entity	ownership-coin	internet-finance	active	metadao-curated	2026-03-26	target_usd amount_raised_usd amount_committed_usd oversubscription_ratio initial_token_price_usd null 6000000 7300000 1.1 null	monthly_allowance_usd null	token_mint network market_cap_usd price_usd circulating_supply total_supply treasury_multisig treasury_multisig_usd lp_pools equity_value_usd data_updated null solana null null null 25800000 null null null null	name role estimated_pct Multicoin Capital lead null name role estimated_pct Coinbase Ventures lead null name role estimated_pct Top 10 wallets early 93	revenue_monthly_usd customers key_metrics 48000 23000 27% MoM growth sustained over 16 months NPS: 80 Peak monthly volume: $3.95M (Feb 2026) Annualized revenue: ~$578K Monthly burn: $175K (25-person team) Runway: ~34 months Fraud rate: <1/1000 transactions Sub-90-second settlement 6 countries live: India (78%), Brazil (15%), Argentina, Indonesia, Venezuela, Mexico 336 contributors, 93% from 10 wallets FDV: ~$15.5M ($0.60/token, 10M sold) 50% liquid at launch Team unlock: performance-based 2x-32x price triggers Investor lock: 12 months then staggered over 12 months	date return_per_dollar reason null null null	rio

P2P.me

P2P.me is a non-custodial peer-to-peer USDC-to-fiat onramp protocol targeting emerging markets with capital controls, using ZK-TLS-based Proof-of-Credibility verification for trustless fiat payment confirmation over legacy banking rails (UPI, PIX, QRIS). Most recent MetaDAO curated ICO (March 2026), raised $6M with only 1.1x oversubscription — the lowest on the platform, reflecting market maturation from the 200x+ ratios of earlier launches. Backed by Multicoin Capital and Coinbase Ventures; 2/3 of capital from institutional sources.

Business Model

• Permissionless fiat on/off-ramp via Circles of Trust model
• Local operators stake capital, recruit merchants, earn 0.2% of monthly volume
• Country launch cost compressed from $40K to $400; launch timeline from 45 days to 10 days
• Related product: Coins.me (consumer neo-bank built on P2P Protocol infrastructure)

Technology

• ZK-TLS Proof-of-Credibility for fiat payment attestation
• Integration with UPI (India), PIX (Brazil), QRIS (Indonesia)
• AI operations layer built on 2.5-year operational playbook
• Open-source SDK planned for third-party integration

Expansion

• 6 countries live: India, Brazil, Argentina, Venezuela, Mexico, Indonesia
• 16 countries in active pipeline (Colombia, Peru, Nigeria, Philippines, Thailand, Vietnam, etc.)
• Target: 40 countries within 18 months

Controversy

The P2P team placed a bet on Polymarket predicting their ICO would reach $6M in commits — potential insider trading. MetaDAO extended the sale 2 days and offered full refunds; ~$200K claimed. Pine Analytics flagged a 182x gross profit multiple valuation; team acknowledged concern as "completely valid."

Gaps

• Token address needed for on-chain tracking
• Treasury multisig address unknown
• LP pool addresses needed
• Current market cap and price data needed
• Monthly gross profit inconsistent ($4.5K-$13.3K range)

Timeline

• 2024-03 — Protocol launched, began operations
• 2024-12 — Launch in initial emerging markets
• 2025-09 — Brazil launch: 45 days, 3 people, $40K investment
• 2025-11 — Argentina launch: 30 days, 2 people, $20K investment
• 2026-01 — Venezuela launch: 15 days, no local team, $400 investment
• 2026-02 — Mexico launch: 10 days, no local team, $400 investment
• 2026-03-26 — Completed $6M ICO through MetaDAO: 336 contributors, 93% from 10 wallets, 1.1x oversubscribed
• 2026-03 — Polymarket controversy; MetaDAO offered refunds, ~$200K claimed

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Relevant Notes:

• metadao — launch platform
• multicoin-capital — lead investor
• coinbase-ventures — lead investor
• coins-me — consumer product built on P2P infrastructure

Topics:

• internet finance and decision markets