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What is prePO?​

prePO is a decentralized trading platform allowing anyone to gain synthetic exposure to any pre-IPO stock or pre-IDO token.

What is prePO's mission?​

prePO's mission is to democratize pre-public investing - transforming a world of financial exclusion into a world of permissionless access.

Where does the name prePO come from?​

prePO stands for "pre Public Offering", as opposed to IPO (Initial Public Offering).

How do you pronounce prePO?​


Are prePO positions backed by real shares/tokens?​

No. Positions on prePO are synthetic, which means rather than needing to acquire large quantities of real shares or tokens (not scalable), all positions are instead fully-collateralized by USDC (infinitely scalable).

How are prices determined on prePO?​

Before going public, a market's price (fully-diluted valuation) is determined purely by supply and demand.

After going public, the market concludes at a fixed settlement price corresponding to the fully-diluted valuation at the end of the first day of public trading.

Is prePO audited?​

Yes, prePO's smart contracts are audited by Code4rena.

Why is prePO launching on Arbitrum?​

prePO will launch on Arbitrum - an Ethereum 'layer 2' scaling solution - due to its high speed, low fees (that should get lower over time), security (maintains the security guarantees of Ethereum), and DeFi ecosystem.

Will prePO launch on other chains/networks?​

prePO is chain-agnostic, meaning it will ultimately end up on the chain/network that makes the most sense for the protocol.

Will prePO go multi-chain?​

This is unlikely in the short-to-medium-term, as it would split the liquidity and userbase, and adds complexity.

Is prePO hiring?​

Yes! See our jobs page.


What is PPO?​

PPO is prePO’s governance and utility token.

What is the purpose of the PPO token?​

The purpose of the PPO token is to incentivize high-quality, active participation and long-term alignment with the prePO platform, protocol, and DAO.

Is the PPO token launched?​

Yes. The PPO token launched on September 20th alongside the PPO Token Presale.

Note that the token is currently non-transferable and non-tradable.

What chain/network will the PPO token be launching on?​


Will the PPO token launch on other chains/networks in the future?​

Potentially - however for now it makes sense to keep everything unified on one chain.

How can I buy PPO tokens?​

Currently, PPO tokens are not purchasable, but can be earned by using the app.

After transferability is enabled, PPO tokens will be purchasable from decentralized exchanges (e.g. Uniswap) and potentially some centralized exchanges (to be announced).

How can I earn PPO tokens?​

PPO tokens are earned instantly and automatically by using the app.

Other ways to earn PPO are also being explored.

How can I see my PPO balance?​

Your PPO balance is viewable within the app under the Portfolio tab.

Why is PPO starting as non-transferable and non-tradable?​

There are many benefits to launching a token as non-transferable initially:

  • Demonstrates that the token holders are the ones determining that the token should be transferable and tradable
  • Delays the need to provide (or source) a large amount of capital upfront to provide liquidity for the PPO token
  • Allows for more time to finalize and test the PPO protocol-owned liquidity strategy
  • Reduces focus on price (including negative community sentiment during a bear market or distracting noise from hype)
  • Increases quality of community members (long-term believers rather than short-term speculators)
  • Allows for utility and integrations to be incrementally added
  • Allows for a wider distribution of the token to commence sooner
  • Introduces a key incentive device (the token) which can be used for community/user growth and attracting key talent
  • Allow for treasury swaps and collaborations with other DAOs/projects to occur more easily

What can I do with PPO tokens while transfers are restricted?​

Prior to unrestricted transfers being enabled, PPO tokens will still be fully-functional for most purposes (such as governance, staking, rewards - almost everything except trading/selling).

When will unrestricted transfers (and trading) be enabled?​

PPO token holders will be able to vote to unlock transfers if they determine that doing so would be in the best interest of prePO.

An estimate of H2 2023 is mentioned in the latest roadmap update, but it could be earlier or much later.

Important prerequisites (non-exhaustive) before enabling full transferability include:

  • A sufficiently-decentralized fully-functional governance system
  • A widely distributed token holder base
  • The launch of the PPO staking system (allows for time-weighted and achievement-weighted voting power)
  • The launch of the core platform
  • Sufficient traction / product-market fit on the core platform
  • Determining that enabling transfers would comply with all applicable laws
  • The return of a crypto bull market (to protect the treasury's protocol-owned liquidity and avoid negative sentiment around price in a bear market)

As many of these prerequisites should be met as possible.

Note that prePO's governance process is still being finalized and therefore voting is not yet possible.

Will there be an airdrop?​

There are no current plans for an airdrop in the traditional sense. Instead, prePO will be exploring sale discounts / incentives / other benefits for engaged and long-term-oriented users / community members.

What is the total supply of PPO?​

1 billion PPO tokens.

What does the PPO token distribution look like?​

  • Community Treasury 57.9%
  • Presale 0.7%
  • Public Sale 0.3%
  • Seed Round 8.8%
  • Strategic Round 5.3%
  • Team 25%
  • Charity 2%

How will the treasury PPO allocation be used?​

PPO in the treasury could be used for incentives, liquidity bootstrapping, sales, and new initiatives.

Token holders will be able to propose how this PPO is utilized.

What are the details of past fundraising rounds?​

  • Seed Round (2021): raised ~$1.1M at $0.013
  • Strategic Round (2022): raised ~$2.3M at $0.045
  • Presale: raised ~$390K at $0.060
  • Public Sale: raised $250k at $0.069 - $0.20

What is the lockup for PPO investors and team members?​

3 years total linear vesting starting from the token launch date, inclusive of a 1-year cliff.

What is the token contract address?​


Are the token contracts audited?​

Yes, the smart contracts have been audited by Code4rena.


When will prePO's governance system be live?​

prePO's governance process is still being finalized. Stay updated by joining our Discord and Twitter.

Where will prePO's governance discussions take place?​

In dedicated governance channels/forums (coming soon) in Discord.

Access to these channels may be gated to certain roles (e.g. requiring a certain amount of PPO, requiring the completion of certain learn-and-earn courses) to increase the average quality of contributions.

Will the team and private investors be able to participate in governance?​

Yes, they will be able to participate in governance using any of their vested tokens (like any other token holder) plus using their unvested tokens but with a down-weighting factor (ensuring that governance still functions properly in the early stages when tokens are not yet widely distributed). The down-weighting factor is to be determined, but a goal is to maintain a balance between avoiding voter apathy from regular token holders, and ensuring the governance system isn't vulnerable to governance attacks due to lower token distribution in the early stages.

How will prePO's governance be designed/structured?​

prePO's governance system uses a representative council, allowing for the project to progress quickly and smoothly rather than putting every tiny decision up to a governance vote.

The representative council will be modifiable at any time by a democratic governance vote, which keeps the representative council accountable and puts the ultimate governance power in the hands of token holders, without requiring them to participate in every single decision (which they likely do not have the context / knowledge / time for).

Some contentious decisions may still be informed by a referendum vote (a direct vote from token holders).