# Kaboom ($KABOOM) — Backable raise

> Machine-readable companion to https://permissionless.metadao.fi/raises/GGTPQLuvzStq5J2Lj7jxig2jGTKiLRn5JDanq96zwsBo
> 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.

Kaboom is a Solana Mines casino where players wager SOL and liquidity providers fund the bankroll, with public game records and onchain payouts.

## Status

- state: CLAIMABLE
- goal (hard cap on what the company receives): $75,000
- committed: $460.45 across 4 backers
- raised (received by the company): $0
- claimable back by backers: $460.45

## The deal

- token price at goal (everyone pays this): $0.0075
- MCAP at open (team and existing-investor tokens excluded): $96,750
- FDV (all tokens, locked included): $193,500
- 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): 2x → $0.015 · 4x → $0.03 · 8x → $0.06 · 16x → $0.12 · 32x → $0.24
- monthly budget after funding (onchain ceiling): $10,000
- at close (escrow releases): $60,000 to treasury (80.0%) · $15,000 seeds liquidity
- runway at that budget: ~6.0 months

## Protections (identical for every raise)

- Approved aligned parties are selected per raise. The raise page lists selected
  wallets at $0 until they commit, then updates their gross commitments before refunds.
- Commitments sit in escrow; the team receives $0 unless the goal is met.
- Goal missed → every backer can claim 100% of principal. The claim is a
  transaction the backer sends themselves; nothing arrives automatically,
  nobody can refuse it, and there is no deadline.
- Oversubscribed → the goal is split pro rata by weight: time in escrow ×
  early-fill boost × Ownership Score multiplier (none = no extra weight, log
  scale to a fixed cap, read from the committing wallet at close; linked
  wallets do not combine). Nobody is approved for more than they
  committed; the rest is claimable the same way.
- 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 company'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 company 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): 6/7 — missing: six required answers, market size cites a source
- B1 transparency filing: filed
- concentration: top wallet 6zuPtQg1rygxNgzZmjn13YB3bqMGiMLbPAWbrbvwJykg holds 63.0% of committed capital across 4 backers
- vetting: none — anyone can publish a raise for $15; do your own research
- investors on record before this raise: none

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

- edge, in the founder's words: We combine SOL Mines, a permissionless bankroll vault and public verification so players can check settled games and depositors can track their exposure to the house.
- founder commitment (self-stated): full-time on this — your only job, starting now.
- customers: Casino Players
- why they buy: Transparency, Decentralization
- how the founder knows it solves a real problem: 100+ Users organically reached and feedbacks
- founder-stated TAM: not provided
- metric — Real-money player wallets: 100 (as of 2026-10-09)
- what exists today (founder-reported): 3 of 3 parts live
  - Mines game: live
  - Community bankroll vault: live
  - Referral engine: live

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

- website: https://www.playkaboom.gg
- x: https://x.com/playkaboomgg
- github: https://github.com/penguinpecker/playkaboom
- demo: https://www.playkaboom.gg
- contact: mailto:penguinpecker1@gmail.com

## Onchain

- raise: GGTPQLuvzStq5J2Lj7jxig2jGTKiLRn5JDanq96zwsBo (v0.7)
- token mint: 5JYRFB8XAVu1zU36UarqWuAhEVuFhVGUDcJwq23Smeta
- quote mint: EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v
- base vault: 7CFgXF6MqMvW8JeACaHZNMeA79fh71W1JPbWS5KPTQRk
- quote vault: c6Qv1DdJe7xgri3foZ9fZL986bUmhdfSnUUhr2VQ7nH
- authority: LRrTQLqFzAPxjschuAKQAqH1XHBuBgHqwhybENStARt

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

> Under "Who it's for", Segment, Role and Trigger answer the builder's questions
> "Who are your customers?", "Why will they buy it?" and "How do you know it
> solves a real problem?" — see Founder claims above.

## The problem

We are targeting crypto-native players who want to verify how game outcomes and payouts are determined. SOL liquidity providers also need transparent access to a casino bankroll, with clear accounting for player payouts, fees, withdrawal rules and their exposure to gains and losses.

## The edge in one line

We combine SOL Mines, a permissionless bankroll vault and public verification so players can check settled games and depositors can track their exposure to the house.

## Who it's for

Segment: Casino Players

Role: Transparency, Decentralization

Trigger: 100+ Users organically reached and feedbacks

## Why this, why now

Solana and embedded wallets let us combine small SOL wagers, public settlement and social-login onboarding in one product. We have built the initial game and vault stack; the next step is to fund the bankroll and test repeatable player acquisition.

## What we're building

### Mines game (live today)

A 4x4 SOL wagering game where players choose mine density, reveal safe tiles and cash out through onchain settlement.

### Community bankroll vault (live today)

SOL deposits receive vault units that share game gains and losses after treasury and referral allocations, with a withdrawal cooldown.

### Referral engine (live today)

Bronze, Silver and Gold tiers accrue 0.50-0.70% of referred wagers to onchain accounts for referrers to claim.

## Traction

Whole platform is live, The game and the vault that generates yield along with fully onchain refferal system. Its for native exisitng web2 users that plays mines and web3 degens that love decentralised dapps especially casinos that offers transparency and better user experience.

## Key metrics

- Real-money player wallets: 100 (as of 2026-10-09)

## Use of funds

We are raising $75,000: $15,000 seeds token liquidity and $60,000 funds six monthly treasury budgets of $10,000. Across those six months, we allocate $25,000 to gradual game-bankroll funding, $15,000 to founder pay and $20,000 to cofounder pay, infrastructure, acquisition and other costs. Founder pay is $2,500 per month. The plan supports creator campaigns, referrals and new games, with security and legal work covered within the operating budget.

## Roadmap

### Month 1 after funding — Bankroll, security and first creator campaign

Begin the six-month $25,000 bankroll-funding plan, confirm treasury and upgrade authorities, engage an independent audit, and launch the first creator campaign.

### Month 2 after funding — Security fixes and player retention

Close audit findings, run the first leaderboard season and rakeback race, and expand referral campaigns through creators.

### Month 3 after funding — Plinko and mobile access

Target Plinko on the shared vault after security review, plus a mobile PWA and shareable cash-out cards.

### Month 4 after funding — Crash and expanded Mines grids

Target Crash on the shared vault, 5x5 and 6x6 Mines grids, and a second creator campaign.

### Month 5 after funding — Additional vault and staking features

Target idle-SOL staking through JitoSOL or JupSOL and token-staker fee discounts, subject to security and liquidity requirements.

### Month 6 after funding — Governance proposals and volume target

Submit a first treasury buyback proposal for market approval and work toward a $50,000 daily wager run-rate.

## Team

### Penguinpecker — Founder & CEO

Computer Science graduate and builder of Puffles and MoleSwap. More than four years in Web3 development, security research, and community operations.

### Varish Ali (LazyDev) — Co-Founder & CTO

Full-stack engineer working in Rust and Solidity. Previously spent two years as CTO of an IoT startup; built and operates Kaboom's stack.

## Risks

### Bankroll losses and capacity

LPs absorb game losses and can lose capital. Treasury and referral allocations reduce the expected return. A smaller vault limits bet sizes and payouts, which can constrain growth.

### Smart-contract and service failures

The system relies on smart contracts, servers and external wallet and RPC services. Bugs or outages can disrupt play, delay settlement or cause losses. Contract changes and new games require security review.

### Player acquisition and retention

Initial use does not establish durable retention or profitable acquisition. Creator campaigns, referral spending and new games may not attract enough repeat play to cover operating costs.

### Gambling regulation

Gambling laws, licensing requirements and player-eligibility restrictions could limit available markets or marketing channels and require changes to the operating model.

### Six-month funding horizon

The raise funds six months of planned allocations, including bankroll deposits. If acquisition, repeat play or revenue falls short, we may need to reduce spending, delay milestones or seek additional funding.

## Go to market

We plan to acquire players through Mines creators and streamers on X, TikTok and Kick, supported by short gameplay clips, referral links and community campaigns. We will test retention with leaderboard seasons, races and rakeback promotions, then expand channels that bring repeat play.

## Differentiation

Kaboom combines a SOL-funded casino bankroll with public game records, verification of settled games and onchain referral accrual. LPs can inspect their vault position and withdrawal rules. Planned token governance is separate from LP ownership of vault units.

### Team (founder-provided)

- Penguinpecker (Founder & CEO, full-time): https://x.com/penguinpecker1
- Varish Ali (LazyDev) (Co-Founder & CTO, full-time)

## Raise terms (verbatim, as printed on the raise page)

By contributing to the fundraise for tokens ("Tokens"), you acknowledge and agree to the [Backable Terms of Service](https://permissionless.metadao.fi/terms). Without limiting the foregoing, you also acknowledge and agree to all of the following information, terms and conditions:

The above descriptions, terms, and other content were created, determined, and supplied exclusively by prospective project contributors related to the ICO and are being republished on Backable for convenience of reference only, as third-party content. Backable is a technology platform being used by the prospective project contributors, and the owners and operators of Backable and their respective affiliates are not the persons creating, endorsing, sponsoring, or discretionarily operating the ICO. Backable and its owners and operators and their respective affiliates assume no (and by participating in the ICO or otherwise using Backable, you agree that they shall not have any) responsibility or liability for the accuracy or completeness of the above descriptions, terms and other content, or any other representations, statements, opinions, projections, terms, or information made by or on behalf of the prospective project contributors in connection with the ICO.

The following terms and conditions apply between you, on the one hand, and, on the other hand, both the owners and operators (and their affiliates) of Backable or MetaDAO and the prospective ICO project contributors and related legal entity(ies) and their respective affiliates:

1. **No Guarantees.**
   The Tokens are provided on an "as-is" and "as-available" basis. Participation in the fundraise does not come with any guarantees, promises, or assurances of any kind, including, but not limited to, financial return, performance, future utility, or access to any platform, product, or service.

2. **Not an Offer of Securities.**
   The Tokens do not represent a security, equity, loan, or ownership interest in any entity or project. Participation in this fundraise is not intended to be, and shall not be construed as, an offering of securities, nor does it constitute an offer or solicitation in any jurisdiction where such activity is unlawful. You are responsible to refrain from participation in the ICO if your jurisdiction does not permit such participation.

3. **Final Sale, Except As The Program Provides.**
   Except for the amounts the escrow program itself makes claimable as described in paragraph 7, contributions made as part of the fundraise are final. No party has the discretion to refund you, and you will not be entitled to a refund or compensation on any other basis, including loss of value or inability to use the Tokens. Where the program does make an amount claimable, no party has the discretion to withhold it either.

4. **No Liability for Losses.**
   To the fullest extent permitted by applicable laws, neither the organizers of this fundraise nor any of their affiliates, agents, advisors, officers, or representatives shall be liable for any direct or indirect loss or damage you may suffer, including without limitation: trading losses, loss of data, revenue, profit, or opportunity; or any errors, delays, or technical failures related to the fundraise or the Tokens.

5. **Nature of Token MetaDAO Platform ICOs.**
   You acknowledge and agree that the ICO is a transaction entirely by and among ICO participants, in which such participants contribute certain blockchain tokens into the sole control or custody of Solana-based "smart contracts" or "programs" as a method of establishing a decentralized autonomous decision market oriented toward the research, development, promotion and/or utilization of the above-described project. The ensuing market oracle–sometimes also referred to as a type of "DAO"-- is intended to govern both the deposited tokens and aspects of the related project, using "[Futarchy](https://docs.metadao.fi/governance/overview)". These smart contracts or programs exist independently of Backable or MetaDAO, on the Solana blockchain, and do not have a legal "owner" or "custodian", but instead will be controlled by the market-based governance process embedded in the decision market protocol, as expressed in the code of the smart contracts/programs. The deposited tokens do not represent a capital investment in any legal entity (including the legal entity referred to in the following paragraph) or group of managers or entrepreneurs, and the decision market may revoke funds out of the pool at any time, or may cease using the funds for the currently contemplated project or using them to pay the currently contemplated prospective project contributors, and may instead use them for other purposes, as determined by the decision market oracle aka "DAO." The current prospective project contributors will not immediately own or have any discretionary or managerial control of the deposit pool, and any related services such prospective project contributors provide will be on an independent contractor basis to the community, as determined on an ongoing basis by the decision market oracle aka "DAO." The tokens issued by the program/smart contract in exchange for deposited funds are not initially owned by, and are not being sold or offered by, Backable or MetaDAO or the prospective project contributors or any related entity(ies), but rather are issued by the smart-contract/system itself to enable ongoing functionality of the related decision market oracle aka "DAO". Any funds received from the deposit pool by the current prospective project contributors or future project contributors represent retroactive or prospective compensation for work done or to be done by such project contributors that is approved by the related decision market oracle aka "DAO", on the initiative of, and based on the managerial or entrepreneurial efforts of, participants in that market aka "DAO participants".

6. **DAO-Adjacent Entity aka BORG.**
   One or more members of the prospective project contributors may have established a particular type of legal entity related to the project. These entities, known as cybernetic organizations, aka 'BORGs", hold intellectual property related to the project and may receive the funds, if any, determined by the decision market oracle to be paid to the prospective project contributors as compensation for work done or to be done related to the project. BORGs contain special rules designed to provide accountability of project contributors to the community, including prohibiting the issuance of equity securities and requirements to consult the decision market oracle (sometimes on a signaling basis, sometimes on a binding basis) for decisions related to their work on the project and the related intellectual property and assets. Many of these entities are "segregated portfolios" of a Cayman Islands entity called Futarchy Governance SPC. Segregated portfolios provide separate layers of assets and liabilities within this entity, and each particular segregated portfolio is managed in the sole discretion of its "Manager(s)", subject to the terms and conditions of Futarchy Governance SPC and the Operating Agreement of that specific segregated portfolio. The ICO does not represent an investment in the SPC or segregated portfolio, and participants in the ICO and holders of the tokens being issued in the ICO do not have any legal rights in or ownership of the SPC or segregated portfolio, and are not owed any fiduciary or other duties by the participants in the SPC or segregated portfolio, but the SPC, in respect of the segregated portfolio, is legally required to abide by certain determinations of the decision market created by the ICO. Please review the project description above to determine the specific legal entity(ies) or other arrangements identified by the prospective project contributors. You hereby acknowledge and agree that you have reviewed, or had the opportunity to review, the information and documents presented or linked to from that description and acknowledge, consent to and accept the risks of all related legal entities and arrangements.

7. **Understanding the Mechanism.**
   This is an onchain fundraising mechanism with a fixed token supply and a stated funding goal. Commitments are not capped, but the amount the project receives is: everything committed above the goal remains the property of the participant who committed it.
   If the funding goal is not reached by close, every participant may reclaim the whole of their contribution. If the goal is exceeded, each participant may reclaim whatever part of their contribution did not convert into Tokens.
   **These amounts are claimed, not sent.** They are released by the program when you submit a claim transaction from the wallet that made the contribution. Nobody can approve, condition, delay or refuse that claim, there is no deadline for making it, and equally nobody can make it on your behalf. The same is true of the Tokens themselves in a funded raise.
   By participating, you confirm that you understand the [program](https://github.com/metaDAOproject/programs) and have reviewed the relevant documentation available at [https://docs.metadao.fi](https://docs.metadao.fi).

By contributing or attempting to contribute to the fundraise for Tokens, you confirm that you have read, understood, and accepted the terms above.

## 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
- https://permissionless.metadao.fi/docs/metadao-2 — MetaDAO 2.0: typed proposals and the adaptable performance package