m3taversal
1c895b2b0e
Co-authored-by: m3taversal <m3taversal@gmail.com> Co-committed-by: m3taversal <m3taversal@gmail.com>
10 KiB
| type | title | author | url | date | domain | format | status | tags | event_type | ||||
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| source | Futardio: P2P Protocol fundraise goes live | futard.io | https://www.futard.io/launch/H5ng9t1tPRvGx8QoLFjjuXKdkUjicNXiADFdqB6t8ifJ | 2026-01-01 | internet-finance | data | unprocessed |
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launch |
Launch Details
- Project: P2P Protocol
- Description: USDC swap FIAT swaps so fast that you can pay at any store without bank freeze worries.
- Funding target: $6,000,000.00
- Total committed: N/A
- Status: Initialized
- Launch date: 2026-01-01
- URL: https://www.futard.io/launch/H5ng9t1tPRvGx8QoLFjjuXKdkUjicNXiADFdqB6t8ifJ
Team / Description
Description
P2P Protocol is a live, revenue-generating, non-custodial fiat-to-stablecoin on/off-ramp. We are a leading decentralized on/off-ramp, processing the highest monthly volume in this segment. The protocol matches users to merchants on-chain based on staked USDC, Most trades settle in under 90 seconds, and generates revenue entirely from transaction fees. We are currently live on Base and launching soon on Solana.
Problem
Billions of people in emerging markets need to move between local fiat and stablecoins. Centralized ramps custody user funds and can freeze accounts, censor users, expose user data to governments, or shut down entirely. Existing P2P platforms lack on-chain accountability, violate user privacy, disputes are settled off-chain, and these platforms are infested with fraud and scams. On platforms like Binance P2P, nearly one in three participants report experiencing scams according to community surveys in emerging markets. The result is high fraud, poor reliability, and no path to composability.
Solution
P2P Protocol coordinates fiat-to-stablecoin trades without custodying fiat. A user clicks "Buy USDC" or "Sell USDC" and the protocol assigns a merchant on-chain based on their staked USDC. Merchants provide fiat liquidity on local payment rails (UPI, PIX, QRIS, etc.) while settlement, matching, dispute windows, and fee routing all execute on-chain with no backend server or PII retention.
Fraud prevention is handled by the Proof-of-Credibility system, which combines ZK-TLS social verification, on-chain Reputation Points, and RP-based tiering to gate transaction limits. New users verify social accounts and government IDs through ZK-KYC (zero-knowledge proofs via Reclaim Protocol), earn Reputation Points with each successful trade, and unlock higher tiers as their on-chain credibility grows. This naturally gates new accounts and reduces fraud surface to fewer than 1 in 1,000 transactions, all without exposing personal data.
Operations are decentralized through Circles of Trust: community-backed groups of merchants run by Circle Admins who stake $P2P. Delegators stake $P2P to earn revenue share, and insurance pools cover disputes and slashing. Every participant has skin in the game through staked capital. The protocol earns revenue from transaction fees alone, with no token emissions or inflationary incentives.
Traction
- 2 Years of live transaction volume with $4Mn monthly volume recorded in Feb 2026.
- $578K in Annual revenue run rate, Unit breakeven, expected to contribute up to 20% of revenue as gross profit to the treasury from June 2026
- 27% average month-on-month growth sustained over past 16 months.
- Live in India, Brazil, Argentina, and Indonesia.
- All protocol metrics verifiable on-chain: https://dune.com/p2pme/latest
- NPS of 80; 65% of users say they would be disappointed if they could no longer use the product.
- Targeting $500M monthly volume over the next 18 months.
Market and Growth
The fiat-to-crypto on/off-ramp market in emerging economies is massive. Over 1.5 billion people have mobile phones but lack reliable access to stablecoins. A fast, low-cost, non-custodial path between fiat and stablecoins is essential infrastructure for this population, expanding across Asia, Africa, Latin America, and MENA.
Three channels drive growth: (1) direct user acquisition via the p2p.me and coins.me apps, (2) a B2B SDK launching June 2026 that lets any wallet, app, or fintech embed P2P Protocol's on/off-ramp rails, and (3) community-led expansion via Circles of Trust where local operators onboard P2P merchants in new countries and earn revenue share. Post TGE, geographic expansion is permissionless through Circles of Trust and token-holder-driven parameter governance.
On the supply side, anyone with a bank account and $250 in capital can become a liquidity provider (P2P Merchant) and earn passive income. The protocol creates liquidity providers the way ride-hailing platforms onboard drivers — anyone with capital and a bank account can participate.This bottom-up liquidity engine is deeply local, self-propagating, and hard to replicate.
Monthly Allowance Breakup: $175,000
- Team salaries (25 staff) $75,000
- Growth & Marketing $50,000
- Legal & operations $35,000
- Infrastructure $15,000
Roadmap and Milestones
Q2 2026 (months 1-3):
- B2B SDK launch for third-party integrations
- First on-chain treasury allocation
- Multi-currency expansion (additional fiat corridors)
Q3 2026 (months 4-6):
- Solana deployment
- Additional country launches across Africa, MENA and LATAM
- Phase 1 governance: Insurance pools, disputes and claims.
Q4 2026 (months 7-9):
- Phase 2 governance: token-holder voting activates for non-critical parameters
- Community governance proposals enabled
- Fiat-Fiat remittance corridor launches
Q1 2027 (months 10-12):
- Growth across 20+ countries in Asia, Africa, MENA and LATAM
- Operating profitability target
- Phase 3 governance preparation: foundation veto sunset planning
Financial Projections
The protocol is forecast to reach operating profitability by mid-2027. At 30% monthly volume growth in early expansion phases, projected monthly volume reaches ~$333M by July 2027 with ~$383K monthly operating profit. Revenue is driven entirely by transaction fees (~6% variable spread) on a working product. Full P&L projections are available in the docs.
Token and Ownership
Infrastructure as critical as this should not remain under the control of a single operator. $P2P is an ownership token. Protocol IP, treasury funds, and mint authority are controlled by token holders through futarchy-based governance, not by any single team or entity. Decisions that affect token supply must pass through a decision-market governance mechanism, where participants stake real capital on whether a proposal increases or decreases token value. Proposals the market predicts will harm value are automatically rejected.
No insider tokens unlock at TGE. 50% of total supply will float at launch (10M sale + 2.9M liquidity).
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Investor tokens (20% / 5.16M): Fully locked for 12 months. 5 equal unlocks of 20% each: first at month 12, then at months 15, 18, 21, and 24. Fully vested at month 24. Enforced via on-chain vesting contracts. Locked tokens cannot be staked.
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Team tokens (30% / 7.74M): Performance-based only. 12 months cliff period. 5 equal tranches unlocking at 2x, 4x, 8x, 16x, and 32x ICO price, post the cliff period. Price measured via 3-month TWAP. The team benefits when the protocol grows.
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Past P2P protocol users get a preferential allocation at the same valuation as all the ICO investors based on their XP on https://p2p.foundation/
Value flows to holders because the protocol processes transactions, not because new tokens are printed. Exit liquidity comes from participants who want to stake, govern, and earn from a working protocol, not from greater-fool dynamics.
Past Investors
- Reclaim protocol (https://reclaimprotocol.org/) Angel invested in P2P Protocol in March 2023. They own 3.45% of the supply and Invested $80K
- Alliance DAO (https://alliance.xyz/) in March 2024. They own 4.66% of supply and Invested $350K
- Multicoin Capital (https://multicoin.capital/) is the first institutional investor to invest in P2P Protocol. They invested $1.4 Million in January 2025 at $15Mn FDV and own 9.33% of the supply.
- Coinbase Ventures (https://www.coinbase.com/ventures) invested $500K in P2P Protocol in Feb 2025 at 19.5Mn FDV. They own 2.56% of the supply.
Team
- Sheldon (CEO and Co-founder): Alumnus of a top Indian engineering school. Previously scaled a food delivery business to $2M annual revenue before exit to India's leading food delivery platform.
- Bytes (CTO and Co-founder): Former engineer at a leading Indian crypto exchange and a prominent ZK-proof protocol. Deep expertise in the ZK technology stack powering the protocol.
- Donkey (COO): Former COO of Brazil's largest food and beverage franchise. Leads growth strategy and operations across Latin America.
- Gitchad (CDO, Decentralisation Officer): Former co-founder of two established Cosmos ecosystem protocols. Extensive experience scaling and decentralizing blockchain protocols.
- Notyourattorney (CCO) and Thatb3lawyer (CFO): Former partners at a full-stack Web3 law firm. Compliance, legal frameworks, governance, and financial strategy across blockchain ventures.
Links
- Pitch Deck
- Website
- Docs
- Financial Projections
- On-chain metrics
- P2P.me App
- Coins.me App
- P2P Foundation Twitter/X
- P2P.me India Twitter/X
- P2P.me Brazil Twitter/X
- P2P.me Argentina Twitter/X
- Discord
Links
- Website: https://p2p.me
- Twitter: https://x.com/P2Pdotme
- Telegram: https://t.me/P2Pdotme
Raw Data
- Launch address:
H5ng9t1tPRvGx8QoLFjjuXKdkUjicNXiADFdqB6t8ifJ - Token: P2P (P2P)
- Token mint:
P2PXup1ZvMpCDkJn3PQxtBYgxeCSfH39SFeurGSmeta - Version: v0.7