Funded Nov 3
You confirm the swap in your wallet.
How do I buy?
Press Buy COPE on Jupiter on the Buy tab. Jupiter opens with USDC to sell and COPE to buy, and you confirm the swap in your wallet there.
I backed the raise. Where are my tokens?
Connect the wallet you committed from. Anything left to claim shows on this card's first tab, which then reads Claim, and in your portfolio. Nothing arrives on its own.
Where does it trade?
On Solana, through Jupiter, which routes each swap across the pools that hold COPE.
When can the team use the money?
The goal was met, so up to $5,000 a month. More needs a .
When do team tokens unlock?
Locked until May 3, 2028, then a fifth at each of 2x to 32x the raise price, on the .
Did anyone vet this company?
Nobody reviewed this company. The founder wrote everything here. One backer holds 27% of commitments.
Copy a prompt and paste it into your own agent. Each one points it at this company's record.
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- Price vs raise
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- Treasury
- $47,
165 - Runway
- 9 months
- Papertrade fees, first 13 days (comparable) · Founder-reported as of Oct 2026
- $62,
100, 000 - Supply
- 38.8% went to backers
Overview
Product
Lose a trade, own a piece of the vault: cashback comes as $COPIUM, shares of the pool you traded against, while $COPE holders own and run the protocol.
The problem
Degen perp traders want extreme leverage, and the market has no good place for it.
Hyperliquid stops at 40x, and Solana perps stop well below 1000x. On order-book venues, fees are charged on position size: at 1000x, a 0.045% taker fee costs about 45% of the margin just to open, plus funding and slippage. When the trade loses, which most do, the trader gets nothing back. The one venue that offered 1000x, Papertrade on HyperEVM, proved the demand with $62.1M in fees in its first 13 days. It also showed what breaks. Small trades waited in a relayer queue behind large ones, so fills were slow and prices uncertain. Prices came from a single venue's best bid and offer, a manipulation vector. There were no limit orders, no take profit and no stop loss, so every position had to be watched by hand. The token minted from losses was not liquid, and the dev share of fees went to the team rather than to first believer and team.
Who it’s for
Customers
Degen perp traders on Solana, and the platforms that build on Cope through builder codes.
Why they buy
1000x with no funding or slippage, and up to 20% of every loss comes back as pool shares.
How we know
Papertrade, the same model on HyperEVM, made $62.1M in fees in 13 days (DefiLlama, 2026-10-22). $5M went to its team; on Cope that share goes to the DAO.
Why this, why now
In October 2026 Papertrade proved the demand.
It also exposed two flaws. The chain: small trades queued behind large ones, with no limit orders or stops. The tokenomics weren't sustainable: the token wasn't liquid. Cope rebuilds it on Solana with sub-second fills and a more sustainable approach to tokenomics.
What exists today
Cope protocol
Perps engine up to 1000x with limit, TP and SL, Pyth oracle, usdV vault with liquid $COPIUM cashback, session keys and gasless relayer. Devnet end of October.
Builder codes and referrals
Builder codes let platforms list Cope markets and share the fees; referral codes pay 10% of treasury fees. Both on chain from launch.
$COPE staking
Staking tiers for up to 1.2x cashback and a win fee as low as 2.0%.
0 of 3 live today
Not live yet. The Solana program goes to devnet at the begining of november 2026.
Mainnet is planned before the end of November 2026. The landing page and full docs are public.
Reported by the founder
Roadmap
- 2026November
Devnet
The full protocol on Solana devnet, open to backers and testers with test funds.
- 2026November
Mainnet launch
Trading opens at up to 1000x, $COPIUM cashback, builder codes and referrals live on chain.
- 2026December
First partners
First platforms and front-ends route their traders to Cope markets through builder codes.
- 2027January
3-month review
Revenue and token price reviewed against the plan; continue or return the treasury to backers.
Team
Risks the founder disclosed
Papertrade's launch won't repeat
Papertrade's $62.1M in fees came from a launch frenzy and its tokenomics proved unsustainable. Cope's are built to last, so less speculative: expect less hype than Papertrade got.
No external audit before mainnet
The program will not be audited by a third party at launch; no audit is budgeted. A bug in the vault, oracle checks or payout queue could cost traders and vault depositors their funds.
The vault can run short
If traders win more than the vault holds, profits wait in a first-in, first-out queue, fees pause and withdrawals stop until it clears. A long streak of winners could freeze payouts for a while.
An experimental model
Cope learns from Papertrade, but the model is new and parameters, tokenomics and features may change before and after mainnet. If it does not work within 3 months, the treasury left is returned to backers.
1000x will attract attackers
1000x leverage on chain has never been done, and it will draw people trying to break it: oracle manipulation, latency games, edge cases in liquidations. Expect the protocol to be stress-tested hard at launch; a successful attack could drain the vault.
Raise history
How the raise closed
- Raise price
- $0.005
- what every backer paid
- Valuation at the raise
- $129,
000 - the raise price times every token
Since the raise
Team tokens locked until May 3, 2028, then 2,580,000 COPE at each rung
High $0.00779 on Nov 3
- 32x$0.162,580,000 COPE
- 16x$0.082,580,000 COPE
- 8x$0.042,580,000 COPE
- 4x$0.022,580,000 COPE
- 2x$0.012,580,000 COPE
- 1x$0.005Raise price
Who holds the supply
10,000,000 of 25,800,000 COPE went to backers, 2,900,000 to trading liquidity. 12,900,000 are the team's, locked.
- Backers 38.8%· 10.0M
- Trading liquidity 11.2%· 2.9M
- Team, locked 50.0%· 12.9M
Health
Runway at the limit
- Runway
- 9 months
- if the team draws its full $5,000 limit each month
Treasury
$47,165 in the treasury
- USDC, cash$46,505 98.6%
- COPE–USDC position, trading liquidity positions$660 1.4%
COPE in the COPE–USDC position isn't priced and isn't counted.
Spending rules
- Monthly limit
- $5,000
- Above it, a market decides
- Who can draw it
- 1 wallet
Decisions
Loading decisions…
Backers
- Backers
- 41
- at close
- Average
- $9,072
- per backer at close
- Middle backer
- $1,000
- 49% put in more
- Largest wallet
- 26.9%
- of the total · concentrated
Each square matches that backer's colour in the bar above.
- $99,98026.9%
- $68,29018.4%
- $60,00016.1%
- $35,9999.7%
- $31,1508.4%
- $17,0004.6%
- $15,0004.0%
- $5,0001.3%
- $5,0001.3%
- $3,8381.0%
Browse other funded raises.
Raise terms
By contributing to the fundraise for tokens ("Tokens"), you acknowledge and agree to the Backable Terms of Service. 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:
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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.
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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.
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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.
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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.
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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". 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".
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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.
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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 and have reviewed the relevant documentation available at 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.