FAQ
Why is the token launching on Solana if the protocol is on Base?
The protocol is live on Base today. The token launches on Solana to build network effects ahead of deploying the protocol there. Solana is the planned hub of a multichain architecture. See Multichain Strategy for the full roadmap.
Why does P2P need a token?
P2P on/off ramping is essential financial infrastructure in emerging markets. Without a token, control over this infrastructure stays with a single operator who can change fees, censor users, or shut it down. The token transfers that control to the community.
Is this a governance token?
Yes. $P2P confers governance rights over protocol parameters, treasury deployment, and protocol upgrades. It is distinct from equity in a traditional company. The "Why the Token Exists" section above covers the full governance thesis.
How does the MetaDAO-style sale work?
Users commit USDC during a 4-day window. There is no bid wall, clearing is pro-rata against the accepted cap, with refunds for any unallocated USDC. The ask is $6M; if commitments exceed that, excess is refunded. If total commitments are above $80M (and up to $150M), up to $8M is accepted at $20.64M FDV; if they are above $150M, up to $10M is accepted at $25.8M FDV. If oversubscribed at the active cap, allocations follow the pro-rata and XP-preference rules on the MetaDAO sale page. Existing protocol users receive a preferential allocation at the same valuation as all public sale participants, based on their XP on p2p.foundation. No private rounds happen at TGE. The sale is the primary distribution event.
What unlocks at TGE?
10M sale tokens + 2.9M liquidity tokens (12.9M total, 50% of supply). Zero backer or team tokens unlock at launch.
How does the treasury work?
20% of protocol fees flow to the on-chain treasury, planned to increase to 35% as the protocol matures, subject to MetaDAO futarchy governance. Token holders decide how to deploy these funds. All treasury deployment requires governance approval. The treasury is funded by protocol fees from a working product. No individual token holder has a claim to treasury funds. All deployment decisions are made through governance.
Is supply fixed?
Yes, fixed at launch (25.8M). Future issuance requires governance approval via futarchy. The protocol runs on transaction fees, not token emissions.