LISTA PRE-IPO LAUNCH
Paimon Kalshi SPV Token – Lista Pre-IPO Series 1 Public Round Live
Issue Price$39
Total Quota$1,000,000
Subscription AssetUSDT
Offering Progress Public Round open to all · Ends Jul 31, 08:00 UTC
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Announcement
Completed
2
Public Round
Open to everyone
3
Settlement
Allocation
4
Claim / Distribution
$xKLSH / $pKLSH
Subscribe Rules About
Connected: 0x7D6...2548

Public Round Status

Remaining Quota $826,942
Current Public Deposits $142,350
$0 $826,942 remaining
My Deposit $0
Est. Allocation Rate —
Est. Allocation / Refund —
Allocation is shared pro-rata by deposit size.
Max allocation per wallet: $100,000.
Min deposit: $100.

Subscription – Public Round

Open to everyone. Choose token type (choice locks on first deposit).

$xKLSH Unlocked
Transferable immediately after claim (AMM pool)
Entry valuation ~$39B ($39 / token)
Claim on this page after settlement (with refund)
$pKLSH 6-month lock
Subscribe for a transferable NFT, redeem for shares at maturity
Converts 1:1.4 to $xKLSH at maturity (effective ~$28B)
Sent directly by the issuer at maturity, quantity ×1.4
Your choice locks with your first deposit — top-ups inherit it and it cannot be changed before settlement.
Balance: 0 USDT Max allocation: $100,000
Locked once deposited — irrevocable.
Funds are locked until this round settles. You can only add more before settlement, never reduce or withdraw.

Public Round Rules

The Public Round is open to all users. Allocation is determined purely by deposit size (pro-rata).

  • If total deposits ≤ remaining quota → you receive your full deposit (up to $100,000 cap).
  • If total deposits > remaining quota → Allocation = (remaining quota ÷ total deposits) × your deposit. Excess is refunded after settlement.

Tranche Choice

  • $xKLSH (Unlocked) — Transferable right after claim. $39 per token (~$39B valuation).
  • $pKLSH (Locked) — 6-month lock. Converts 1:1.4 into $xKLSH at maturity (effective ~$28B valuation / ~30% discount).

Choice is final on first deposit and applies to all subsequent top-ups.

Key Parameters

  • Issue Price: $39.00 per token
  • Payment: USDT only on BNB Chain
  • Minimum deposit: $100
  • Maximum allocation per person: $100,000
  • Deposits are locked until settlement

Timeline (UTC)

  • Jul 30, 08:00 — Public Round opens
  • Jul 31, 08:00 — Public Round closes · Settlement begins
  • Aug 1, 08:00 — Claiming opens for $xKLSH + refunds
  • $pKLSH converts ~6 months after settlement

About this Offering

This is a tokenized pre-IPO exposure to Kalshi issued through Paimon Finance as an SPV on BNB Chain. The SPV holds actual Kalshi equity. Tokens are fully collateralized 1:1 with the underlying shares.

What you receive

  • $xKLSH — Liquid token, claimable after settlement, tradeable on AMM.
  • $pKLSH — Locked position that converts into 1.4× $xKLSH after the 6-month lock period.

Network & Settlement

All activity happens on BNB Chain (BEP-20). Use a self-custody wallet. Exchange deposit addresses may result in loss of tokens for the locked tranche.

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Lista DAO × Paimon Finance · Issued on BNB Chain