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A1

Core Thesis

  • Open ecosystems still depend on closed wallet infrastructure
  • The wallet layer remains a strategic point of ecosystem control
  • Salmon builds the open alternative at that layer
  • The product is designed to be open-source, self-custodial, and community-owned
  • The thesis is infrastructure, not wallet convenience
Icon Salmon
A2

Product Status

  • Salmon already operates a browser extension, web wallet, Android app, and public repository
  • The initial launch happened in 2023
  • The project later completed a structural relaunch
  • The codebase has already gone through a deep refactor
  • The current phase is scale readiness, not product discovery
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A3

Raise Structure

  • Minimum Goal: $300,000
  • Fixed Cap: $450,000
  • Planned monthly spending remains near $25,000
  • The minimum funds roughly 12 months of execution
  • The fixed cap extends runway to roughly 18 months without increasing burn discipline
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A4

Monthly Burn Breakdown

  • Team: $18,300/month
  • Infrastructure: $4,200/month
  • Growth & Ecosystem: $2,000/month
  • Governance, Legal & Contingency: $500/month
  • Total planned burn: $25,000/month
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A5

12-Month Roadmap Detail

  • Q3 2026 focuses on scale readiness through Android release, QA cadence, UX reliability, and monitoring
  • Q4 2026 focuses on ecosystem distribution through iOS TestFlight, integrations, watch mode, and onboarding
  • Q1 2027 focuses on adoption quality through portfolio view, notifications, contributor program, and retention
  • Q2 2027 focuses on pull validation through deeper integrations, tooling, performance, and demand-led expansion
  • The roadmap is designed to show measurable progress
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A6

Market, Differentiation, and Validator Alignment

  • Primary users are crypto-native users, builders, contributors, integrators, and aligned infrastructure users
  • Secondary users include governance communities, wallet tooling developers, and neutral-infrastructure projects
  • Salmon differentiates through open-source code, self-custody, community ownership, transparency, and reliability
  • The active Solana validator strengthens proof of ecosystem alignment
  • The positioning is infrastructure-first, not convenience-first
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A7

Go-to-Market Overview

  • Salmon grows through ecosystem integrations rather than broad paid acquisition
  • Developer-first positioning helps it become useful before it tries to become broad
  • Contributor channels and community distribution support credible adoption
  • Technical transparency acts as a trust lever
  • The GTM goal is adoption quality, not vanity volume
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A8

Token Readiness

  • Proposed ownership coin: Salmon Token
  • Proposed ticker: SAL
  • No existing token or prior TGE are part of the current framing
  • No day-one airdrop or immediate team unlock are planned
  • The performance package is 2.9M SAL subject to cliff, TWAP, and performance-based unlocks
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A9

IP, Asset Readiness, and Disclosure Standard

  • Core assets must be compatible with DAO-controlled ownership and governance
  • Priority assets include domains, GitHub, release accounts, infrastructure accounts, brand assets, and contributor rights
  • Launch readiness requires identifying blockers linked to individuals, vendors, or legacy entities
  • Material obligations must be reviewed before launch
  • The standard is no hidden deals, no unclear token promises, and no undisclosed obligations
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A10

Team and Execution Model

  • Nacho Mileo leads product, roadmap prioritization, wallet UX, and ecosystem coordination
  • Angel Mazzarello leads operations, partnerships, use-of-funds discipline, and community accountability
  • Dario Santos leads architecture, security, reliability, integrations, and engineering execution
  • Rodrigo Menendez leads legal structure, IP readiness, contributor rights, disclosures, and governance
  • The operating model is intentionally lean, clearly owned, and burn-disciplined
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A11

Prior Funding and Early Build Support

  • Bootstrapped funding: $80,000 in 2022
  • Grants: Serum $2,500 and Eclipse $40,000
  • These resources helped absorb early build risk
  • The current raise is aimed at the next stage, not the initial build
  • That next stage is scale readiness, reliability, mobile parity, integrations, and ecosystem pull
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