Back
P2P.me Protocol ICO on MetaDAO Raises $5.2 Million, Nearing $6 Million Target

P2P.me Protocol ICO on MetaDAO Raises $5.2 Million, Nearing $6 Million Target

P2P.me said its team operated the Polymarket account tied to bets on its fundraising outcome, apologized for the trade, and stated profits will be sent to the MetaDAO treasury after the round closed at $5.2 million.

Fact Check
The statement is fully supported by primary and secondary news reports. The P2P.me team issued a public apology (cited by PANews and Cryptonews.net) confirming they operated the Polymarket account 'P2P Team' to bet on their fundraising success. They confirmed the final raise amount was $5.2 million, which was nearing their $6 million target, and pledged to return all betting profits to the MetaDAO treasury.
    Reference: 123
Summary

P2P.me said its team did operate the onchain Polymarket account connected to bets on whether the project would raise more than $6 million, reversing its earlier stance of neither confirming nor denying a link. The team said it placed the bet 10 days before fundraising began, when it had only a $3 million verbal commitment from Multicoin, and later raised $5.2 million from external investors, falling short of the $6 million threshold. P2P.me apologized for the activity and said all positions would be closed within hours, with any profits returned to the MetaDAO treasury.

Terms & Concepts
  • Polymarket: A crypto-based prediction market platform where users trade on the outcomes of future events using blockchain-based assets.
  • MetaDAO treasury: A protocol-controlled pool of funds managed for the DAO’s benefit, typically used to support operations, incentives, or community-directed spending.
  • onchain: A term describing activity that is recorded directly on a blockchain, making transactions and account actions publicly traceable.