# Aeonian ($AEONN) — Backable raise > Machine-readable companion to https://permissionless.metadao.fi/raises/Bw4TNjEEf8WChwYJTQBZMCKZx9ErGeQLNr8hBzDpeDHG > 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. The social perpetual trading layer on Solana. Livestream your trades and build your community. ## Status - state: CLAIMABLE - goal (hard cap on what the project receives): $50,000 - committed: $109 across 6 backers - raised (received by the project): $0 - claimable back by backers: $109 ## The deal - token price at goal (everyone pays this): $0.005 - MCAP at open (team package excluded): $64,500 - FDV (all tokens, locked included): $94,500 - total supply (fixed; minting needs a market-approved proposal): 18,900,000 - supply split: backers 10,000,000 (52.9%) · liquidity 2,900,000 (15.3%) · team 6,000,000 (31.7%) - share of supply sold to backers: 52.9% - team lock before any unlock: 20 months - unlock ladder (3-month TWAP must hold each price): 2× → $0.01 · 4× → $0.02 · 8× → $0.04 · 16× → $0.08 · 32× → $0.16 - monthly budget after funding (onchain ceiling): $4,000 - at close (escrow releases): $40,000 to treasury (80.0%) · $10,000 seeds liquidity - runway at that budget: ~10.0 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): 3/9 — missing: six required answers, market size cites a source, a metric with a date, a founder-stated risk, a named, linked team member, legal entity named - B1 transparency filing: filed - concentration: top wallet EVvA19Jea7GDDaqTaWyydoPxXjGCBGM9vcNmhjammV9d holds 36.7% of committed capital (sample: first 6 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://aeonian.trade - x: https://x.com/Aeonian_Trade - docs: https://x.com/juntdoe/status/2079480266503110888 ## Onchain - raise: Bw4TNjEEf8WChwYJTQBZMCKZx9ErGeQLNr8hBzDpeDHG (v0.7) - token mint: GWJmfmKVwUxLeninuFKbx7dzvC3ZjsW91KqgHMAmmeta - quote mint: EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v - base vault: E8Nf1nvBMDS36MdKn6fa8WTm7AkRXTfWridKzzx3qmQS - quote vault: 5nYVnxHrQ9rs96pXVZFoutwyDQVmuQMN32ZNhLxazbxQ - authority: LRrTQLqFzAPxjschuAKQAqH1XHBuBgHqwhybENStARt ## Founder's pitch (verbatim, frozen at publish, unreviewed) ![Aeonian](https://i.postimg.cc/RFZXv6H2/AEONIAN-TRADE-%281%29-%281%29.gif) 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. --- ## Traction Roughly two months live. **Almost nine out of ten traders who place a trade on Aeonian come back and place another.** More than half of everyone who signs up goes on to trade. Those are the two hardest numbers to move in this category, and we moved them with zero marketing spend, before the social layer even shipped. That is the whole reason to look at this. Retention like that on a two month old product, with none of the features that are supposed to create retention, means the loop works on its own. The raise funds pouring fuel on something already burning, not lighting a match. - **Live on mainnet.** Beta is shipped and trading real size. Not an idea on a deck. - **Early users already paid from revenue.** 100,000 $SKR distributed to our top traders out of the platform fees we collected. - **Won SuperteamMY Demo Day** at Solana Builder's Day - **Grant funded and backed by SuperteamMY**, the Solana ecosystem's builder network in Malaysia - **Featured twice** in Superteam's "Member Wins" series - **Live on the Seeker dApp store** with a good rating, distributing into the Solana Mobile install base - **Open source**, MIT licensed, the whole stack is inspectable --- ## 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. | | Social layer | Copytrade | Custody | Verifiable record | |---|---|---|---|---| | Solana perps venues | Off-platform (X, Telegram) | No | Self | Partial | | CEX copytrading (Bybit, Binance) | Closed and custodial | Yes | Custodial | No | | eToro | Yes, but TradFi and walled | Yes | Custodial | No | | **Aeonian** | **Native, live, on-chain** | **One tap** | **Self** | **Fully on-chain** | 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.** --- ## Go To Market **Streamer acquisition.** A $500 streamer initiative that pays and rewards the first cohort of traders who go live on Aeonian, shipping alongside the livestream feature. Streamers arrive with their own audience. We do not buy users, we back the people who bring them. We already know where the first fifty come from. Our own leaderboard, where the top traders have a verified record and nothing to lose by going live. The SuperteamMY and Solana builder network we won Demo Day in front of. And the large accounts who already post their positions publicly, who have an audience and no way to earn from it. That last group is the one nobody is serving, and it is the reason a cold outreach list is not part of this plan. **Seeker and Solana Mobile.** An existing dApp store listing treated as a distribution partnership, not an ad channel. **KOLs who trade, not KOLs who post.** Solana has a deep bench of large accounts, and we only want the ones who actually take positions and will go live doing it. Paid on performance and measured in traders brought and hours streamed, never impressions. A promo post buys a spike. A KOL who streams on Aeonian every week becomes part of the product. --- ## Use of Funds | Allocation | Amount | Purpose | |---|---|---| | Operating fund (80%) | $40,000 | 10 months of runway at $4,000/month | | Token liquidity (20%) | $10,000 | Token liquidity pool (per launch mechanism) | Monthly burn breakdown ($4,000/month): | Line item | Share | Monthly | |---|---|---| | Growth: streamer initiative, KOL campaign, prize pot | 45% | $1,800 | | Team salaries (4 core) | 40% | $1,600 | | Infrastructure (RPC, streaming, hosting, data) | 9% | $360 | | Audit, legal, and contract work | 6% | $240 | | **Total** | **100%** | **$4,000** | **Nearly half of every month goes to growth, and that is deliberate.** The product is built. The bottleneck is not engineering, it is that not enough people know this exists. Spending the raise on more code would be spending it on the part that is already done. That growth budget is not ad spend. It buys streamers: the $500 initiative, performance-based KOL deals, and the monthly prize pot. The core team runs on survival salaries to make that possible. Instead of carrying more headcount, we buy specialist engineering per task. Lean core, elastic capacity. **If commitments exceed $50K:** the excess does not grow our budget. $50,000 is what the project needs and what the project takes, per the launch mechanics. Allocation still rewards early commitment, so committing early remains the way to maximize your share. --- ## Supply Breakdown | Allocation | % | Tokens | |---|---|---| | Initial Float (ICO) | 52.9% | 10.0M | | Performance Package (team) | 31.7% | 6.0M | | Futarchy AMM | 10.6% | 2.0M | | Meteora LP | 4.8% | 900,000 | | **Total Supply** | **100%** | **18.9M** | 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. | Tranche | Price target | Unlocked | |---|---|---| | 2x ICO price | $0.01 | 20% | | 4x ICO price | $0.02 | 40% | | 8x ICO price | $0.04 | 60% | | 16x ICO price | $0.08 | 80% | | 32x ICO price | $0.16 | 100% | 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. --- ## Team **Juntdoe** / Founder & Lead Developer — [@juntdoe](https://x.com/juntdoe) Built Aeonian and leads all technical work, product, and strategy. Four years in the Solana ecosystem, Followed by Solana on X, Four projects shipped, over $100K in revenue generated, and a prior product that reached 400+ daily active users. **Josh** / Community Manager — [@itsnotajay01](https://x.com/itsnotajay01) Runs the community, streamer relationships, and the first streamer cohort. **Rax** / Social Manager — [@OO_RAX](https://x.com/OO_RAX) Daily social presence, promotions review, and community moderation. **Malik** / Designer — [@NasiDimSumx](https://x.com/NasiDimSumx) All visual output including video, share cards, and campaign assets. **Hiring** / Growth & Partnerships — Fundraise narrative, partnership and ecosystem conversations, and public representation across podcasts, Spaces, and panels. Specialist and surge engineering runs through the contract budget. Lean core, elastic capacity. --- ## Roadmap **Q3 2026** - Streaming infrastructure built and load-tested - Public metrics dashboard live: retention, volume, active traders, updated daily and open to anyone - Closed alpha with a hand-picked trader cohort. Subscriptions live alongside it, so the first streamers earn during alpha **Q4 2026** - Livestreaming public. $500 streamer initiative opens, gifts and hours-watched points live - Solana KOL campaign, selected for traders who will actually stream and paid on traders brought - Auto-clip engine: every stream cut into shareable highlights, so each broadcast becomes distribution we did not pay for - One-tap copytrade live with copy fees switched on the same day, so streamers earn the moment they are copied - Breakpoint 2026 presence. First quarterly transparency report **Q1 2027** - $AEONN staking live: fee discounts, revenue share, boosted copy limits. On-chain governance opens - Third-party audit published - Apple App Store and Google Play submissions, ending APK-only distribution - Streamer Studio: broadcast tooling for the top cohort **Q2 2027** - Trader vaults: streamers manage follower capital, performance fees shared with the protocol - Vertical discovery feed, Aeonian Pro, and seasonal tournaments with sponsored prize pools - Second transparency report **2027 and beyond** - Deeper collaboration across the Solana ecosystem: wallets, launchpads, mobile, and the projects whose communities already trade. Every partner is a distribution channel that costs us nothing per user - Prediction markets on trader performance, so spectators monetise attention without needing to trade well - Copytrade SDK, letting other Solana apps embed the engine and route flow back to the venue - Portable trading reputation: verified, exportable track records that other platforms reference *All dates and figures are approximate and subject to change. Expenditure beyond the monthly allowance requires futarchy approval.* --- ## 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](https://www.canva.com/design/DAHP_UI3TTk/p7IghZQo9eXEPxDUVY4hkQ/view) - **Published research.** "The Order Book Is Becoming a Feed" — our thesis on why social layers are the next distribution channel in trading. [Read it](https://x.com/juntdoe/status/2079480266503110888) ## 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