TRUE FinanceData Room
Our Product Exec summary ▶Pitch deck
🔒 Confidential — for invited investors only. Not an offer of securities.
TRUE Finance

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
Download on the App Store Get it on Google Play ★★★★★4.8on both stores
Updated by AI

· All trading data on-chain verified

TRUE DEX — BTC/USDC perpetual market
TRUE AI Autopilot — agent setup

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

Revenue in $

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Independent products, shown for convenience. TRUE has no commercial relationship with any of them.

Team & leadership

Who runs TRUE, and how it got here
Benjamin Bilski
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

User & engagement — monthly series since launchopen
Consistent series from July 2026 · earlier months marked not comparable, bot traffic removed

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
$3,226/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 39.6% of active traders and generate 95.3% 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.

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
39.6% → 95.3%
8+ trading days/month
Avg fees per account in that top fifth
$3,226/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 in August it concentrated further: 203 core traders — 39.6% of fee payers — generated 95.3% of all fees at $3,226 each, up from 23% generating 73% at $1,347. Fee-based retention improved across the board: 71.0% of traders return the following week, 61.2% are still trading two weeks later, and 99.8% of revenue comes from repeat traders. Activity-based retention moved the other way — returning share of monthly actives fell to 33.4% and DAU/MAU to 12.1% — because August added 3,837 new accounts against 4,739 monthly actives, so the denominator grew faster than the returning cohort.

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.
Kira — TRUE's support agent online 24/7
34sec
Median first response
3,972
Conversations handled
38
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
1
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
2
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
3
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
4
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.
38

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
$3M

Every diligence question, answeredopen

Use of proceeds

        Documents

        The full data pack — always the latest version