Observed arrival · 2026-09-08
Off-Market, the pre-IPO exchange that trades in theory
Credibility concern recorded. The source reference remains available for verification and correction.
A detailed simulation of an exchange for pre-IPO company shares paired with meme tokens.
Field notes
The interface models a collateralized pair in which a pre-IPO share is quoted at a standing mark and traded against an arbitrary meme token through x·y=k pool mechanics. Its stated settlement rule uses the first-day close divided by one billion shares, or the standing mark if no listing occurs within 36 months. The page lists a 0.30% pool fee, a 0.05% vault-buffer fee, and a proposed three-of-five oracle arrangement, but labels the system a doctrine rather than a deployment.
Observed signals
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Editorial observations of this landing page, not a rating.
One card from the complete issue