FAQ
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General
Section titled “General”What is PIPO?
Section titled “What is PIPO?”PIPO (Pre-IPO Prediction Oracle) is a decentralized platform for trading covered warrants on pre-IPO company valuations. It allows users to gain bullish or bearish exposure to unicorn valuations like SpaceX, OpenAI, and Stripe.
How is PIPO different from Polymarket?
Section titled “How is PIPO different from Polymarket?”| Aspect | PIPO | Polymarket |
|---|---|---|
| Product | Covered warrants | Binary prediction markets |
| Outcome | Continuous (any valuation) | Binary (yes/no) |
| Backing | Real assets (SPV shares, USDC) | Event resolution |
| Settlement | Quarterly + events | Event-based |
Is this legal?
Section titled “Is this legal?”PIPO operates as an offshore platform with structured products (covered warrants), not securities. Services are not available to US persons or restricted jurisdictions. Consult local counsel for your specific situation.
Trading
Section titled “Trading”What’s the minimum investment?
Section titled “What’s the minimum investment?”$100 equivalent in USDC.
What chains are supported?
Section titled “What chains are supported?”BSC (primary) and Base (secondary).
How do I get started?
Section titled “How do I get started?”- Connect a compatible wallet (MetaMask, WalletConnect)
- Ensure you have USDC on BSC or Base
- Select an underlying and warrant type
- Execute your trade
What’s the maximum I can invest?
Section titled “What’s the maximum I can invest?”| Tier | Single Position | Total |
|---|---|---|
| Retail | $100K | $500K |
| KYC Verified | $500K | $2M |
| VIP (KYB) | $5M | $20M |
Warrants
Section titled “Warrants”What is a Call Warrant?
Section titled “What is a Call Warrant?”A call warrant profits when the underlying company’s valuation exceeds the strike price. If SpaceX is valued at $220B and your strike is $200B, your warrant has intrinsic value.
What is a Put Warrant?
Section titled “What is a Put Warrant?”A put warrant profits when the underlying company’s valuation falls below the strike price. Useful for hedging or bearish speculation.
What happens at expiry?
Section titled “What happens at expiry?”- ITM (>1%): Auto-exercised, USDC paid to you
- OTM: Expires worthless
- You can disable auto-exercise in settings
Can I sell before expiry?
Section titled “Can I sell before expiry?”Yes, warrants trade 24/7 on the AMM. You can sell anytime at market price.
Settlement
Section titled “Settlement”How is the settlement price determined?
Section titled “How is the settlement price determined?”The Oracle Committee publishes valuations based on:
- Latest funding rounds
- Secondary market transactions
- Third-party estimates (PitchBook, etc.)
Can I get actual shares?
Section titled “Can I get actual shares?”Yes, if you’re a VIP (KYB verified) with $500K+ position, you can request physical delivery of shares from the SPV.
How long does settlement take?
Section titled “How long does settlement take?”- Cash settlement: T+1 (next day)
- Physical delivery: 10-15 business days
What are the trading fees?
Section titled “What are the trading fees?”0.30% per trade (0.25% to LPs, 0.05% to protocol).
What are the settlement fees?
Section titled “What are the settlement fees?”- Cash settlement: 1.0%
- Physical delivery: 2.0% + legal costs
Security
Section titled “Security”Is PIPO audited?
Section titled “Is PIPO audited?”Smart contracts will undergo audits by multiple security firms before mainnet launch. Results will be published.
Are my funds safe?
Section titled “Are my funds safe?”- Call warrants: Backed 100% by SPV-held shares
- Put warrants: Backed 100% by USDC in smart contract
- No fractional reserve
What if there’s an exploit?
Section titled “What if there’s an exploit?”PIPO maintains insurance coverage and emergency reserves. Contracts can be paused immediately if threats are detected.
Account
Section titled “Account”Do I need KYC?
Section titled “Do I need KYC?”- <$100K: No (wallet only)
- $100K+: KYC recommended for higher limits
- VIP services: KYB required
How do I upgrade my tier?
Section titled “How do I upgrade my tier?”- Go to Settings > Verification
- Complete identity verification (KYC) or entity verification (KYB)
- Approval typically within 24-48 hours
What jurisdictions are blocked?
Section titled “What jurisdictions are blocked?”US, China, North Korea, Iran, and other OFAC-sanctioned territories.
LP (Liquidity Providers)
Section titled “LP (Liquidity Providers)”How do I provide liquidity?
Section titled “How do I provide liquidity?”- Go to Pools
- Select a warrant pool
- Deposit USDC (platform handles conversion)
- Receive LP tokens
What returns can I expect?
Section titled “What returns can I expect?”LP returns depend on trading volume. Historical ranges: 10-30% APY from fees, plus points rewards.
What is impermanent loss?
Section titled “What is impermanent loss?”When warrant prices move significantly, LPs may receive less value than if they held assets separately. This is a risk of all AMM LP positions.
Points & Rewards
Section titled “Points & Rewards”What are points?
Section titled “What are points?”Points are earned through platform activity (LP provision, trading, referrals). They may be convertible to a future governance token.
Will there be a token airdrop?
Section titled “Will there be a token airdrop?”No commitment has been made. Points may be eligible for future distributions if a token is launched.
Support
Section titled “Support”How do I get help?
Section titled “How do I get help?”- Discord: [discord.gg/pipo]
- Email: [email protected]
- Twitter: @PIPOfinance
How do I report a bug?
Section titled “How do I report a bug?”Submit via our bug bounty program. Rewards up to $100,000 for critical vulnerabilities.