Token Utility
Ownership. $P2P is an ownership token. Protocol IP, treasury funds, and mint authority are all controlled by token holders through futarchy-based governance—not by any single team, foundation, or entity. This means the token carries real, enforceable ownership: if resources were ever misappropriated, governance provides the mechanism to redirect control. Decisions that affect token supply (minting) must pass through a decision-market governance mechanism, where participants stake real capital on whether a proposal increases or decreases token value. Proposals that the market predicts will harm value are automatically rejected.
Governance. Token holders vote on protocol parameters such as fees, limits, merchant rules, oracle configs, and treasury allocation. One staked $P2P = one vote, with delegation.
Staking. Circle Admins stake $P2P to operate merchant networks. Community members delegate $P2P to Circles to participate in revenue sharing. Merchants stake USDC as working capital. The staking design creates skin-in-the-game at every layer.
Fee distribution. Protocol revenue is routed across participants.
| Recipient | Share of Revenue |
|---|---|
| Merchants + Delegators | 53.33% |
| Treasury | 20%, planned increase to 35% (governed via MetaDAO futarchy) |
| Insurance Pools | 17.78% |
| Circle Admins | 8.89% |
No single party captures a majority of protocol revenue. Merchants earn the most because they provide working capital and operational labor. Treasury contributions connect token value to protocol usage—governance can direct these funds toward buy-and-burn or other value-accruing measures via MetaDAO futarchy. Insurance pools exist so disputes don't become externalised costs.