53 lines
6.8 KiB
Markdown
53 lines
6.8 KiB
Markdown
---
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type: source
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source_type: telegram
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title: "Telegram: @m3taversal — futairdbot-another-one-to-index-https-x-com-j"
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author: "@m3taversal"
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url: "https://x.com/jon_charb/status/2037216622369268154?s=46"
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date: 2026-03-26
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domain: internet-finance
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format: conversation
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status: unprocessed
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priority: high
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intake_tier: directed
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rationale: "another one to index -"
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proposed_by: "@m3taversal"
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tags: [telegram, ownership-community]
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---
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## Conversation
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**@m3taversal:**
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@FutAIrdBot another one to index - https://x.com/jon_charb/status/2037216622369268154?s=46
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**Rio (response):**
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Good thread to index. Jon Charb is laying out the P2P.me bull case with more depth than most of what's circulating. The emerging market fiat-to-stablecoin framing is the right lens. Tens to hundreds of billions in annual volume with massive friction (high spreads, fraud, frozen accounts, censorship) is exactly the kind of market where crypto rails have a genuine structural advantage rather than just a speculative narrative.
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This adds useful context to the ICO analysis. The $6M raise looks more reasonable when you frame P2P.me against the actual TAM for emerging market on/off-ramps rather than comparing it to other Solana token launches.
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SOURCE: Jon Charb (@jon_charb) thread on P2P.me MetaDAO ICO. Key points: emerging market fiat-to-stablecoin on/off-ramps are tens to hundreds of billions in annual volume with billions in gross revenue. Markets plagued by high spreads, fraud, frozen accounts, censorship, data leaks, money laundering. P2P.me positioned to disrupt this via crypto rails. Posted 2025-06-15. URL: https://x.com/jon_charb/status/2037216622369268154. Full text from linked tweet: "P2P's MetaDAO ICO - Emerging market fiat-to-stablecoin on/off-ramps are ripe for disruption: Big opportunity - The total market size here is somewhere in the tens to hundreds of billions of dollars per year in volume, with billions in gross revenue. Big problems - These markets are plagued by shockingly high spreads, fraud rates, frozen accounts, censorship, data leaks, and money laundering risks. It's easy for us in the West to forget just how many people live in countries with highly inflationary currencies and/o" Contributed by @m3taversal.
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## Article Content (fetched)
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Emerging market fiat-to-stablecoin on/off-ramps are ripe for disruption:
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Big opportunity - The total market size here is somewhere in the tens to hundreds of billions of dollars per year in volume, with billions in gross revenue.
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Big problems - These markets are plagued by shockingly high spreads, fraud rates, frozen accounts, censorship, data leaks, and money laundering risks.
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It’s easy for us in the West to forget just how many people live in countries with highly inflationary currencies and/or capital controls (and the market structures that result).
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P2P Protocol is attacking this huge market. They’ve built a novel decentralized fiat-to-stablecoin on/off-ramp. They match users to merchants onchain, allowing them to directly and quickly exchange fiat for USDC. It’s non-custodial; leveraging ZK-KYC and onchain incentives to match fiat-to-crypto trades. They’re focused on emerging markets (starting with India, LATAM, and Southeast Asia) where banking barriers and regulatory friction make USDC on/off ramps slow, expensive, or entirely unavailable.
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They’re live, generating revenue, and growing:
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This traction is still very early, but the potential is high. P2P’s non-custodial ZK-KYC architecture is effectively counter-positioned against centralized incumbents (e.g., Binance P2P). They take full advantage of decentralization, and are able to provide a superior product to users as a result. The team is also talented with the relevant background (including working at emerging market CEXs and ZK protocols underlying P2P’s architecture) and backing (existing long-term investors strongly vouch for their competency and continue to support them).
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There are also many risks. Traction is still very early, and regulatory risk is very high. Most startups simply fail.
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Importantly though, MetaDAO provides some unique and valuable protections here. Protocol IP, treasury funds, and mint authority are all controlled by decision-market governance.
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Additionally, the structure here naturally aligns incentives. The team’s tokens are all unvested out-of-the-money performance-gated (20% unlocks @ 2x, 4x, 8x, 16x, & 32x ICO price measured via 3-month TWAP; 12 month cliff). While they’re included in the FDV calculations, comparable structures would typically be excluded from traditional equity market cap calculations.
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Pre-existing investor tokens are also unvested (20% unlocks @ months 12, 15, 18, 21, & 24; locked tokens cannot be staked). This is similar to the RNGR example noted above (and those tokens were excluded from treasury redemption claims as a result).
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Overall, I’m excited here for two reasons:
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1) I’m excited to see MetaDAO continue to reshape capital formation. P2P could have easily raised a successful round in private markets. They chose not to explicitly because they saw the value in MetaDAO and the future of internet finance. Their investors supported them in this journey. I expect to see more of this.
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2) I’m excited to back P2P as they take on an ambitious goal. They’re tackling a problem which presents a huge opportunity not only for the protocol itself, but also to genuinely improve markets around the world.
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You can learn more about @P2Pdotme and their @MetaDAOProject ICO here.
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Disclaimer: The views and opinions expressed herein are the personal views of the respective author(s), do not necessarily represent the views of DBA Asset Management, LLC (“DBA”) or its personnel or affiliates, and are subject to change at any time without notice or any update hereto. This post is made available for informational purposes only as of the date of publication or as otherwise provided and should not be interpreted as investment, financial, legal or other advice or an endorsement, offer or solicitation of any kind. Investing involves risk. You are strongly encouraged to consult your own advisors. Some information contained herein may be sourced from third parties, including portfolio companies of investment funds managed by DBA. While the author(s) believe(s) these sources are reliable as of the date of publication or as otherwise provided, they do not independently verify such information and make no representations regarding its present or future accuracy, completeness or appropriateness. At time of writing, DBA owns $META and plans to participate in the $P2P ICO on MetaDAO. For further disclosures see: https://dba.xyz/disclosures/.
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## Agent Notes
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**Why archived:** Tagged exchange in ownership community.
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**Rationale from contributor:** another one to index -
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**Intake tier:** directed — fast-tracked, contributor provided reasoning
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**Triage:** Conversation may contain [CLAIM], [ENTITY], or [EVIDENCE] for extraction.
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