# GeSIM ($GSIM) — Backable raise

> Machine-readable companion to https://permissionless.metadao.fi/raises/9qEQo5P6kwcWg1YhyPB5CEX6MAzufsT3a25HuxQg7WhC
> Deal terms and escrow figures come from onchain and API records. The pitch
> is the founder's own frozen text — Backable is permissionless and nobody
> reviewed it. Listing is not endorsement.

GeSIM is the privacy layer for on-chain lives & Journalist. Permissionless mobile data no ID, no KYC, 180+ countries - expanding from telecom into finance. Own your signal, your money, your stack

## Status

- state: OVERSUBSCRIBED
- goal (hard cap on what the project receives): $28,000
- committed: $200,500 across 47 backers
- demand: 7.2× the goal
- raised (received by the project): $28,000
- claimable back by backers: $172,500
- split of raised: $22,400 treasury · $5,600 liquidity

## The deal

- token price at goal (everyone pays this): $0.0028
- MCAP at open (team package excluded): $36,120
- FDV (all tokens, locked included): $72,240
- total supply (fixed; minting needs a market-approved proposal): 25,800,000
- supply split: backers 10,000,000 (38.8%) · liquidity 2,900,000 (11.2%) · team 12,900,000 (50.0%)
- share of supply sold to backers: 38.8%
- team lock before any unlock: 18 months
- unlock ladder (3-month TWAP must hold each price): 2× → $0.0056 · 4× → $0.0112 · 8× → $0.0224 · 16× → $0.0448 · 32× → $0.0896
- monthly budget after funding (onchain ceiling): $4,600
- at close (escrow releases): $22,400 to treasury (80.0%) · $5,600 seeds liquidity
- runway at that budget: ~4.9 months

## Protections (identical for every raise)

- Commitments sit in escrow; the team receives $0 unless the goal is met.
- Goal missed → every backer claims back 100% of principal. The claim is a
  transaction the backer sends themselves; nothing arrives automatically,
  nobody can refuse it, and there is no deadline.
- After funding, spending above the published monthly budget requires a
  proposal decided by decision markets, not by the team.
- Tokens are not equity and may be worth nothing.

## What the token is, and is not

Both halves matter, and reading either alone gives the wrong answer.

**It is not** a security, equity, loan or ownership interest. Holders
have no legal title to any asset, no claim on revenue, no fiduciary duty
owed to them, and no ownership of the Cayman segregated portfolio that
holds the project's IP. There is no promise of return, buyback or
future utility.

**It is** a governance claim in a decision market. The treasury is
governed by that market rather than by the team, spending above the
published monthly budget has to pass it, and the segregated portfolio is
contractually required to abide by certain of its determinations. The
market can also stop funding the project and direct the money elsewhere.

So "the DAO controls X" and "holders own nothing" are both accurate: the
first is control through the mechanism, the second is legal title.

**The mechanism is the top of the stack.** The constraints above are the
structure's current settings, not its ceiling — the operating documents
are themselves subject to the decision market, within the scope those
documents define. This is the point most readers miss, and it cuts in
both directions, which is why it is not a reassurance:

- The market can authorise things nobody promised at the raise.
- The market can also withdraw things a backer assumed. It "may revoke
  funds out of the pool at any time, or may cease using the funds for the
  currently contemplated project" (fundraise terms, paragraph 5).
- Governance power is not legal effect. The market deciding to do a thing
  does not by itself make that thing lawful or effective; anything with
  its own regulatory path still has to travel it.

The correct reading is therefore not "the page and the terms contradict
each other" but "nothing here is fixed except the escrow and the claim."
Score the raise on that basis. A page describing what the mechanism could
authorise is not making a promise; a page claiming holders *own* an asset
outright is overstating it, and that is still worth flagging.

## Diligence signals

- disclosure score (mechanical — counts what the founder chose to show, not idea quality): 4/9 — missing: six required answers, market size cites a source, a metric with a date, a founder-stated risk, a named, linked team member
- B1 transparency filing: filed
- concentration: top wallet 99LB2dpUUrHTskMkH5DHszBdJFd8e3aqakb8VGHy33pa holds 27.4% of committed capital (sample: first 47 funding records)
- vetting: none — anyone can publish a raise for $15; do your own research

## Founder claims (unverified — absence is itself a disclosure)

- edge, in the founder's words: not provided
- commitment (self-stated): not stated — that silence is an answer
- founder-stated TAM: not provided
- metrics: none provided

## Links (founder-provided — verify control yourself)

- website: https://gesim.xyz/
- x: https://x.com/GeSIMxyz
- telegram: https://t.me/gesimxyz
- docs: https://gesim.gitbook.io/gesim

## Onchain

- raise: 9qEQo5P6kwcWg1YhyPB5CEX6MAzufsT3a25HuxQg7WhC (v0.7)
- token mint: DwCBrWrAGokHmysLL2XbY7TCZpbRH9QUAZxHnyWxmeta
- quote mint: EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v
- base vault: GsjYYxXhRCKPF7MgzzvobSGTfSTRiuf57EHdd9WhJTra
- quote vault: 6CM2VVD9ZxMirMJffWQCF8EksGC4gokN5NUMbwGgeA3R
- authority: LRrTQLqFzAPxjschuAKQAqH1XHBuBgHqwhybENStARt

## Founder's pitch (verbatim, frozen at publish, unreviewed)

# GeSIM - Private Mobile Data for On-Chain Lives & Journalists

**Full-stack privacy for people who live on-chain.** Permissionless eSIM, built-in VPN, and a US virtual number - one app, no KYC, 180+ countries. Live on the Play Store today.

> "Most people think their transaction is anonymous. It's not. Every time you sign, your RPC provider sees your wallet and your IP - mapped together, permanently. GeSIM breaks that chain."

📲 **[Download on Play Store (only till raise window)](https://play.google.com/store/apps/details?id=com.gesim.wallet)**
🔗 **[Verify traction on-chain](https://dune.com/gesim5917/gesim-on-chain-proof)**

---
## Why Just $28K?

Raising for what's already working.  

GeSIM has a live product, paying users, and growing traction. This first $28K is dedicated solely to increasing funded wallet conversion, improving customer loyalty, and proving 
repeatable growth before pursuing a larger round.

![GeSIM Wallet Dashboard](https://pbs.twimg.com/media/HJv3NB4aUAA_YdF?format=jpg&name=large)
--

## What GeSIM Is

GeSIM is the first wedge into a bigger idea: **own your entire stack - from the network you connect through, to the money you move.**

Three things in one app:

- **Permissionless eSIM** — no carrier holding your name. Works in 180+ countries. No ID required.
- **Built-in VPN** — clean IP when your transaction leaves your wallet.
- **US Virtual Number** — receive OTPs and verification codes without handing over your identity.

Built for DeFi users, journalists, and anyone who refuses to map their identity to their connection.

🎥🎥 Want to see it work in 60 seconds?
[![Watch GeSIM Demo](https://miro.medium.com/v2/resize:fit:1400/format:webp/1*AP_RA2dWqVfkVwY0PSKU4Q.png)](https://x.com/i/status/2061527667405660312)
---

## Traction - Verified On-Chain

These numbers came from the worst possible funnel: invite-only, crypto-payments-only, one niche hardware device, zero marketing spend.

| Metric | Number |
|---|---|
| Wallets created | 658 |
| Paying users | 240+ |
| On-chain purchases | 301+ (repeat buyers) |
| Seeker app reviews | 133 |
| Gross margin | 45–55% |
| Paid acquisition spend | $0 |

**301+ purchases are settled on-chain and publicly verifiable:**

→ [![GeSIM on-chain purchases](https://pbs.twimg.com/media/HJv3cgdbYAAP4T6?format=jpg&name=4096x4096)](https://dune.com/gesim5917/gesim-on-chain-proof)

Most projects raising in this cycle are selling a roadmap. We're rationing a working product - there's a waitlist of users asking to pay that we haven't opened yet.

---

## Use of Funds

**Raise: $28,000 total**

| Allocation | Amount | Purpose |
|---|---|---|
| Operating fund (80%) | $22,400 | 4.2 months of runway at $5,300/month |
| Token liquidity (20%) | $5,600 | Pool |

**Monthly burn breakdown ($5,300/month):**

| Line item | Share | Monthly |
|---|---|---|
| Product design & development | 75% | ~$3,975 |
| Brand, IR & product comms | 15% | ~$795 |
| Compliance & legal | 10% | ~$530 |
| **Total** | **100%** | **$5,300** |

This is a foundation raise - product and compliance only. The second raise is purely for scaling: paid acquisition, fiat on-ramp and growth. **You're early to both.**

---

## Roadmap & Milestones

| Month | Milestone |
|---|---|
| **Month 1** | Top-tier UI/UX redesign shipped. Full privacy policy and store compliance passed. |
| **Month 2** | iOS build submitted to App Store. Fiat on-ramp architecture scoped. In-app USDC→$GSIM swap live. |
| **Month 3** | iOS live on App Store. Privy fiat on-ramp integrated (card / Apple Pay). First paid acquisition test. |
| **Month 4** | Alpha testing begins on Play Store + TestFlight. Network speed monitor and additional privacy features shipped. |
| **Post-raise 2** | Scaling: paid acquisition, full fiat on-ramp. |

**Shipped in the last 30 days (proof of cadence):**
- Built-in real-time network speed monitor (no third-party tools)
- Play Store launch
- Featured in Solana startup Village
- Seeker build approved and shipping
- Ownership Roadshow winner - May 12, 2026

> *"I don't have words" - Charchit wins Ownership Roadshow #2* - 🏆[@ownershipfm](https://x.com/ownershipfm/status/2053928819254280338)

---

## Market & Differentiation

**The target market:** DeFi-native users, journalists, privacy-conscious users and anyone routing transactions through a public RPC. Estimated 10–15M addressable users globally in the crypto-native segment alone - before the mainstream journalist market.

**Pricing tiers (20GB / 30 days):**

![Image](https://pbs.twimg.com/media/HJwB5y5bQAA02s1?format=jpg&name=large)

**The legal question answered:**
> *"It's not even in grey area, it's totally green. Those eSIMs are considered foreign SIMs and most countries allow foreign SIMs to operate."*
> - Charchit, via [@ownershipfm](https://x.com/ownershipfm/status/2053928819254280338)

**Go-to-market:** UGC-first on TikTok and X - outcome-led hooks ("run any blocked site anywhere," "cheaper flights via VPN," "cheaper ChatGPT"). Same playbook that scaled OUTCOME >> Promises. The arbitrage is the hook privacy is what they get.

---

## Why $GSIM

Demand is structural, not speculative:

- **Access gate:** every user holds 2,000 $GSIM ($20 approx) to activate VPN + virtual number. No token = no service. More users = more locked supply.
- **Fiat on-ramp:** once live, a $20 card payment auto-buys $GSIM on-chain. Mainstream users create buy pressure without knowing it.
- **Revenue buyback:** 20% of net revenue repurchases $GSIM quarterly. 50% of bought tokens are permanently burned.

**At 1,000 paying users, structural buy pressure exceeds 12% of the circulating float every month.** The $100K float is small by design.

---
## The Vision

Year one: private connectivity. eSIM, VPN, virtual number - already live.

Then it compounds, directed entirely by holders through on-chain decision markets:

→ **Private Telecom** today: connect without a carrier owning your identity.
→ **Finance** next: access US stocks without a broker owning your identity. (Nxt year)

Full-stack privacy from telecom to finance. The token captures every layer.

---

## Team & Backers

**Charchit - CEO & Co-Founder**
ETH Denver & ETH Dubai official speaker.

**Hrishique - CTO & Co-Founder**
ex-DevRel at DRPC. Dev Advocate at Starknet. 

- 🏆 **Winner — Ownership Roadshow #2, May 2026**
- 🤝 **Backed by Superteam India**
- ⚡ **Powered by Umbra**
- 📱 **Featured: GM Vietnam, Startup Village Solana, India Blockchain Week, Zircuit**

---

**Your keys. Your network. Your business.**

[GeSIM.xyz](https://gesim.xyz) · [@gesimxyz](https://x.com/gesimxyz) · [t.me/gesimxyz](https://t.me/gesimxyz)

## How the mechanism works

- https://permissionless.metadao.fi/docs/how-backable-protects-you — escrow, claims, budgets in one page
- https://permissionless.metadao.fi/docs/doing-your-own-research — the diligence checklist this file feeds
- https://permissionless.metadao.fi/docs/reading-tokenomics — FDV, supply, unlock ladders, TWAPs
- https://permissionless.metadao.fi/docs/committed-vs-raised — why committed and raised differ