🔒 Confidential — for invited investors only. Not an offer of securities.

The AI SuperApp on Solana.

✓12-month trained financial AI — multi-asset and perpetuals
✓On-chain DEX — L2 on Solana, zk proofs, 10,000 TPS
✓Trading agents — spot and perpetuals
✓Prediction markets, AI-assisted

★★★★★4.8on both stores

Updated by AI

· All trading data on-chain verified

Recorded in the live app

TRUE AI: 10X in the past 3 months, ready to become a $1B revenue company by 2030.

Revenue in $

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Team & leadership

Who runs TRUE, and how it got here

Benjamin Bilski

Founder & CEO

TRUE AI — journey so far

90–120

Traction

Full months, final — from the production on-chain fee ledger

Fee revenue and result — monthly

All fee revenue, USD · net result under each month · Sep = closed month

Trading volume — monthly

Spot swaps, USD · on-chain verified

Key metrics by monthopen

Retention & engagement

Measured on actual trading behavior (fee ledger) and server-side activity

Fee payers who paid again next month

71.0%

Revenue from partner-referred traders

61.2%

Revenue from repeat traders

99.8%

Top fifth of fee payers → share of fees

20% → 90.5%

8+ trading days/month

Avg fees per account in that top fifth

$3,185/mo

Top ten accounts → share of fees

33.4%

while adding 3,837 new accounts in August

Top five accounts → share of fees

25.0%

1 in 4 established accounts is on daily · 12.1% across all accounts including first-month signups

Total accounts

18,376

+3,837 new in August

New signups · September

3,837

1–31 August

Revenue concentrates in a habitual core, and we would rather show that than hide it. In September the top fifth of 460 fee-paying accounts generated 90.5% of the month’s $612,464 of perp fees, the top ten 52.7% and the top five 34.9%.

Earnings model

How every dollar of activity monetizes — three fee engines on one embedded wallet. All swap and prediction rates are live from the platform.

Perps · live

Perpetuals

0.10% taker

On-chain perps with taker/maker fees plus a funding-rate spread. Live since 4 Aug 2026 — $359.6k of client fees in August.

Taker 0.10%
Maker 0.025%
Funding-rate spread ancillary

Swaps · live

Spot swap fee

0.71–1.19% / trade

Volume-tiered fee on every spot swap. Blended 0.86% across $59.2M of on-chain volume to date.

Volatile pairs 1.19% → 0.71%
Stablecoin pairs ~0.50%
Revenue share to partners 10–30%

Prediction · live

Prediction markets

3 fee layers

Bridge in, place the bet, share the winnings — stacked on Polymarket liquidity at 0% builder fee.

Bridge into predict wallet 0.50%
Placing fee 2.0% → 1.19%
Profit fee (on wins) 5.0%

What a trading customer is actually worth

Measured from the fee ledger, not modelled from rate cards

Fees per core trader

$3,185/mo

8+ trading days in the month

Revenue per monthly active

$145

$17 → $51 → $145 across Jun, Jul, Aug

Revenue from repeat traders

99.8%

the figure recurs, it is not one-off

Core traders are 38.5% of active traders and generate 92.6% of fees. Because 99.8% of revenue comes from repeat traders, this is a recurring monthly figure rather than a single acquisition event — the basis of TRUE's lifetime-value economics. Stated gross; the 10 to 30% partner revenue share is paid out of fees already earned and sits below gross profit.

Revenue share engine

Distribution paid for out of the revenue it produces, settled weekly on-chain

Fees from referred traders · September

$129,514

revenue share on referred trading, settled weekly on-chain

Partners with attributed activity

261

6 Jul → 9 Sept 2026

Top partner earned

$76,150

since 6 July, from one referral base

Revenue share

10–30%

plus $0.50–$5.00 CPA per qualified referral

Partner link clicks

18,165

tracked, attributed, fraud-screened

New users referred · September

337

attributed end to end, from click to first fee

Customer success, run by an agent

Kira — built in-house, on our own infrastructure. No third-party support software anywhere in the stack.

online 24/7

34sec

Median first response

3,972

Conversations handled

Code fixes shipped

99.9%

Resolved

90+

Tools on her MCP server

One ticket, end to end — without a human in the loop

Every step below is the agent's own work; humans approve only what moves money

Read and classify

Ticket arrives from app, web or Telegram. Kira classifies severity and category and answers the trader in a median of 34 seconds.

34s

Investigate against production

Queries the live ledgers directly — balances, fills, trades, PnL, tick data, swaps, perpetual positions, agent rates, points, payouts, prior LLM replies. Not a scripted bot: a reasoning agent with read access to everything.

698

Propose an action, or abstain

Reply, code fix, balance correction, identity repair — or abstain and escalate when the evidence does not support a conclusion. She abstained 40 times.

1,958

Write the fix and ship it

For product defects she writes the patch and carries it to production. 38 fixes have been deployed from the ticket that reported them.

Financials — consolidated monthly P&L

All figures $k, rounded · core business (token pre-sale excluded) · Sep 2026 = closed month

Full monthly P&L — Jan 2025 to Sep 2026open

2025

2026

Consolidated lifetime — Jan 2025 → Sep 2026

Tech Sal. = dev team salaries · Tech AI = infrastructure, third parties and AI compute · Rev share = fees shared back with the traders and partners who generated them · Others = investor introducer fees (ended Apr 26) + payment-infrastructure partner · the planned $25.0M round is excluded from every figure. Revenue is reported gross (fees charged) and revenue share is shown below gross profit, never netted from the top line.

August 2026 is the crossover month and September is the proof: revenue covers 100% of costs, and every dollar of revenue share was funded by fees already earned rather than by runway. Q3 closes as the first profitable quarter at +$141k. Core OpEx is down 75% from its January peak, to $85k a month.

Projections

Base case — perpetuals at scale, prediction markets, the TRUE Card, Latin America

Monthly revenue — base case to Dec 2026

$k · actuals through Sep, forecast Oct→Dec

The path to $1B

Annual revenue and operating result, $M · management plan

Monthly projection by revenue line — Aug 2026 → Dec 2027open

Plan case, $k · revenue lines + cost lines + operating cash flow

Rationale for the curveopen

The round

$25.0M — acceleration from a position of strength, not survival

$8.5M

Every diligence question, answeredopen

Use of proceeds

Documents

The full data pack — always the latest version