P2P Buyback Program

Type: Operations Direct Action

Author(s): P2P Team

Summary

If passed, up to $500,000 USDC of operational funds will be used to purchase P2P tokens at prices up to $0.55 per token over a period of 30 days. All acquired P2P will be transferred to the project treasury.

Motivation

Since TGE, P2P has been trading below the ICO price of $0.60. With the token trading at a discount to its initial offering price, the project has an opportunity to acquire P2P at accretive terms, strengthening the treasury position while demonstrating long term conviction in what we are building.

This buyback serves three purposes:

1. Accretive acquisition. Buying below ICO price means the project acquires tokens at a discount to what early participants paid. This is capital efficient treasury management.

2. Alignment signal. A structured buyback backed by operational funds demonstrates that the team stands behind the project's fundamentals and long term value.

3. Ecosystem reserve building. Acquired tokens create a reserve that can be deployed for future incentive programs, strategic partnerships, or burns, all subject to governance approval.

This allocation does not impair ongoing operations or development runway. The funds are drawn from the project's operational liquidity budget specifically earmarked for market health activities.

Price Calculation

ICO Price:                                  $0.60 per P2P
Current Market Price:                       $0.48 per P2P
Current Discount to ICO:                    20%

Maximum Buyback Price:                      $0.55 per P2P
Buyback Discount to ICO:                    ~8%

Buyback Budget:                             $500,000 USDC
Estimated P2P Acquired (at max price):      ~909,091 P2P
Estimated P2P Acquired (at current price):  ~1,041,667 P2P
% of Circulating Supply:                    3.5% to 4.0%

The maximum buyback price of $0.55 is set at an 8% discount to the ICO price of $0.60, ensuring all acquisitions occur below the price at which early participants entered. At current market prices, the program would acquire approximately 3.5 to 4.0% of circulating supply, a meaningful reduction in available float.

Logistics

$500,000 USDC of operational funds will be used to purchase P2PXup1ZvMpCDkJn3PQxtBYgxeCSfH39SFeurGSmeta (P2P) tokens with a maximum price of $0.55 per token. These orders will be placed via Jupiter recurring orders every five minutes over a period of 30 days (for a total of 8,640 orders).

Specifications

Acquired Token Disposition

All P2P tokens acquired through this program will be transferred to the project treasury: 9Rykf7i9fxUaXD8iD6GSGpRaoWQQP51Uiq1oxSE9oDzx.

Acquired tokens may be used for:

• Future ecosystem incentive programs (subject to governance approval)
• Strategic partnership allocations (subject to governance approval)
• Token burns (subject to governance approval)

Acquired tokens shall not be:

• Sold back into the market
• Allocated to insiders or affiliates on preferential terms
• Used as market making inventory

Process

This proposal includes instructions to execute a Jupiter recurring order as stated above.

NOTE:

• Any funds remaining in the order (should it fail to complete its total number of orders in quantity) will remain in the DCA account until there is a subsequent proposal to redirect or cancel the order.
• All P2P tokens acquired will be transferred to the project treasury.