Nine out of ten new traders lose money. They trade blind, or they follow a guru whose track record is a screenshot anyone can Photoshop. The beginner copies a lie, loses the deposit, and leaves.

The fix is not complicated. You watch someone better than you, live, and you do what they do.

Crypto already proved it pays. In September 2025, Pump.fun rebuilt around livestreaming and its daily revenue hit $2.55M, briefly passing Hyperliquid to become the highest-earning app in crypto. Same product. One new thing: people could watch each other live.

Nobody has pointed that at perps.

Aeonian is Twitch, but for traders. Experienced traders go live and build a community they own. New traders watch, learn, and copy the trade in one tap. No screenshots, no claims, no faked track records.

Custodial apps have the audience but cannot go on-chain. On-chain apps have the rails but no audience. We are the merge.

We are raising $50,000 to ship it.

Why $50K and what it buys

The product is built and running. What is missing is not code, it is the social layer.

$50K buys 10 months. We ship livestreaming, we ship one-tap copytrade, and we put real money behind the first cohort of streamers. Nearly half of it goes to growth rather than engineering, because the code is the part that is already done.

The bet is one line: a followed trader is worth more than a bought user. Ten months is enough to prove it.

Why now

Live and trading converged and nobody pointed it at perps. Pump.fun proved in September 2025 that putting people on camera can out-earn the largest onchain venue in crypto in a single day. Solana perps volume is at highs. Broadcast tooling is cheap enough that a four person team can ship it.

What is still missing is anyone treating the audience as the product instead of a marketing channel.

That window does not stay open. Whoever owns the creator relationships in perps first keeps them, because creators do not move twice.

What Aeonian Is

Aeonian is a social perpetual futures trading platform on Solana. It combines a trading interface with a live broadcasting layer, so experienced traders can stream their trading sessions in real time while viewers watch, learn, and mirror those positions in a single tap.

The platform has three components:

1. Trading interface. The interface provides long and short positions, market and limit orders, cross and isolated margin, take-profit and stop-loss, and real-time position tracking.

2. Live broadcasting and copy trading. Traders broadcast their positions, profit and loss, and market reasoning as it happens. Viewers can mirror a broadcast trade in one tap, with position size calculated proportionally against the copier's own collateral, leverage matched and capped, and an always-on maximum-risk guardrail.

3. Social layer. Every trader has a public profile carrying a linked X identity, avatar, bio, follower count, and a performance record derived from their own on-chain trading, which the trader may display or keep private. Users can follow and subscribe to traders, publish status updates to their profile, and like, comment, and reply on other traders' posts. A discovery feed surfaces activity from traders a user follows alongside a global feed, the current top traders, and whoever is broadcasting. Public profit and loss leaderboards run on daily, weekly, monthly, and all-time windows, with a monthly prize pot distributed on-chain to top performers and archived in a public record of past winners. A points system rewards both trading and social participation, and those points are the basis on which the early-user token allocation is distributed.

The platform is currently live in beta on Solana mainnet and is open source under the MIT license.

Why this compounds

Both sides of the screen make the other side more valuable.

For proven traders: build a community you own. Go live, gather an audience, and give them somewhere to gather that is not someone else's timeline. Reputation becomes income through subscriptions, live gifts, and copy fees. Your community follows you in, and the leaderboard gives them a reason to stay after the stream ends.

For new traders: never trade alone again. Start beside someone with a verified on-chain record instead of guessing from a video. Copy while you learn and stay in the market from day one. Watch the reasoning live until you are ready to run your own book.

Every trader who builds a community brings the next thousand beginners. Every beginner who learns becomes the next trader who builds. That is the loop, and it is the reason this is a network rather than a front-end.

Market & Differentiation

Think about who has been waiting for this. Over 700 million people now hold crypto, and the overwhelming majority of them have never placed a perp trade. The beginner about to lose a first deposit. The good trader with a following on X and no way to convert attention into income. The exchange paying KOLs for referral links because it has no other route to a community.

Three things make this defensible:

1. The trader relationship is the moat. A streamer with 500 people copying them is worth more than a million dollars of mercenary liquidity, because followers do not leave when incentives dry up. Liquidity always does.
2. Asset-light by design. We carry no matching engine, no liquidity costs, and no market-making risk. When a viewer copies a stream, the fee on that copied volume comes back to us. A content account with an affiliate link earns nothing on the trade itself.
3. The retention scaffolding is already proven. The product already produces a near nine in ten repeat-trade rate, before copytrade or livestreaming existed. We are not hoping the social layer works. We are plugging it into a loop that already does.
4. A venue can ship the feature. It cannot ship the relationships. Any large platform could add livestreaming next month, and some will. What they cannot add is a roster of traders who already broadcast somewhere else, an audience trained to watch them there, and the reputation those traders spent months building on our leaderboards. Features are copyable in weeks. A creator base is not.

The one sentence pitch: We turn trading from a lonely gamble into a spectator sport you can join.

Supply Breakdown

ICO price $0.005, implied FDV approximately $94.5K.

5% of supply is committed to early users and early supporters, the people who traded on Aeonian and held through the test phase before there was anything to speculate on. It is distributed against points already earned through the rewards system, which has been running since launch. Nobody was promised an airdrop. They used the product, and the points convert into ownership of it.

There are no investor rounds behind this launch. No SAFE, no note, no priced round, no private sale. Development was funded by a non-dilutive grant and the founder's own money.

We also did not take the maximum team allocation available to us. We took under a third of what the mechanism allowed, because we have a live product to point at and did not need to ask for more.

Governance & Vesting

Monthly spending limit: $4K. Raise proceeds sit in escrow with on-chain spending limits. We can spend up to $4,000 per month without a governance proposal. Anything larger goes to token holders. If we stop shipping, holders can propose returning the remaining capital to themselves. Our funding has a kill switch and we are not the ones holding it.

Team tokens are locked for a 20 month cliff. After the cliff, tokens unlock in 20% tranches at each price milestone, measured on a 3 month time weighted average price to prevent short-term manipulation.

None of it moves unless holders have at least doubled first. At full unlock, launch participants are up 32x.

Transparency commitments: third-party audit, quarterly reports, and published treasury composition.

Beyond survival salaries, the performance package is our entire upside. We do not make money unless holders are up multiples first.

What we are accountable for

Public from day one means publishing the number that decides whether this works, not the flattering one. For us that is repeat-trade rate and traders acquired per streamer. Volume can be bought. A returning trader cannot.

The thesis is one line: livestreams plus copytrade compound retention, retention produces volume, volume produces fees. We already have the retention, on a two month old product with no social layer and no marketing budget. This raise funds the part that turns one good trader into a hundred followed ones.

It breaks in one specific place, and it is worth naming. Everything downstream assumes traders will go live. If the first cohort does not broadcast, there is nothing to copy and no audience to compound, and the rest of the plan is theory. That is why nearly half the budget goes to streamers rather than engineering, and it is the first number you will see in the quarterly report.

If that does not hold, you will read it in the quarterly report before you see it in a marketing post.

Conclusion

Every trading platform that ever mattered at retail scale learned the same thing: people do not want a better order book, they want someone to follow. Pump.fun proved a livestream can out-earn the largest onchain venue in crypto in a single day. Solana has the volume, the speed, and the traders.

What it never had was a place where the following happens where the trade is placed, instead of three apps away.

The order books are open. The audience is next.

Public Pitch Deck

• Published research. "The Order Book Is Becoming a Feed" — our thesis on why social layers are the next distribution channel in trading. Read it