# Introduction

## Compliant On-Chain Access to Alternative Assets

***

## Disclaimer

This document outlines the mechanism design and system architecture of the Paimon Protocol and does not constitute investment advice, an offer to sell securities, or a solicitation of an offer to buy securities. The Protocol involves alternative assets such as Real-World Assets (RWA), pre-IPO equity and private fund interests, whose legal attributes, investor suitability, and information disclosure are subject to the regulations of relevant jurisdictions. All parameters are subject to the on-chain contracts and governance charter.

***

## What is Paimon Finance?

Paimon Finance is a BSC-deployed protocol that lets DeFi users hold and trade exposure to assets that historically only existed inside traditional finance — money-market funds, pre-IPO equity SPVs, private credit. We do this through **two live product lines** that share a common issuance and reputation infrastructure.

### Two Live Products

| Product                     | What it is                                                                                                              | Who it serves                                                                                                                           | How users hold it                                                                                                 |
| --------------------------- | ----------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------- |
| **PP — Paimon Prime Vault** | An ERC-4626 RWA fund holding a tiered portfolio (cash → money market → long-duration RWA)                               | DeFi users wanting diversified yield exposure with predictable redemption rules                                                         | `PP` ERC-20 share token                                                                                           |
| **Pre-IPO SPV Tokens**      | Tokenization of single-issuer private equity SPVs (today: SpaceX SPV) using a two-token EIP-3643 + Shadow ERC-20 design | DeFi users wanting targeted single-asset exposure without going through KYC, plus institutional holders who want full settlement rights | <p>Retail: <code>xSPCX</code> (free transfer)<br>Institutional: <code>pSPCX</code> (KYC-gated security token)</p> |

Both products are issued through a shared **Launchpad** (4-Layer points-gated drop) and accumulate a shared **on-chain reputation** (Points + Badges).

### Shared Infrastructure

* **Launchpad** — `LaunchpadDrop` V4 with 4-Layer pricing, points-and-USDT double gate, refund window, and Batch / MerkleClaim settlement modes
* **Points System** — `PointsHubV2` aggregates points from `StakingModule` (PPT staking, 1×–2× boost), `LPStakingModule`, and future modules
* **Soulbound Badges** — `PaimonBadge` mints non-transferable achievement NFTs per drop participation
* **Compliance Layer** — `EIP3643Token` + `ShadowERC20` + `TokenBridge` + `KYCAggregator`, currently used for pSPCX/xSPCX, designed to scale to additional pre-IPO assets

## Mainnet Footprint

| Contract              | BSC Mainnet address                          |
| --------------------- | -------------------------------------------- |
| `PPT` (Prime Vault)   | `0x8505c32631034A7cE8800239c08547e0434EdaD9` |
| `RedemptionManager`   | `0xd614a6fe8C35aC9af4F59cd14849877179cDCdB9` |
| `AssetController`     | `0x6F5170956132588E9b2844478f1fF1B387573A3D` |
| `RedemptionVoucher`   | `0x73F42b0D657785fE844e3BF486Fe1e15fFE13514` |
| `CashPlusAdapter`     | `0xf3a17a5362b6f5b2bCB1AE0C0DE86b70e1ae4a53` |
| `pSPCX` (EIP-3643)    | `0x6DC9a487bF8Fd047e41AB336003AE6e4FE602646` |
| `xSPCX` (Shadow)      | `0x05353Dabf163Fb2fec87f9e0f00f94Eae4AC1631` |
| `TokenBridge`         | `0xE4Eeba287494e694DFf63d7723B0A046506C8910` |
| `LaunchpadDrop` V4    | `0xea088Af719F3238982823fa5eE1C1FaCb2E0e231` |
| `LaunchpadSettlement` | `0x9F7eCde85815f3B616C25a54d181F8766c869a90` |
| `PaimonTreasury`      | `0xD9312A3fa2ad5cBEA2C2a36124c72f30025AcAC7` |
| `PaimonBadge`         | `0x48e9a6846D9722599621aF8A6af0F23b0dB8184a` |
| `PointsHubV2`         | `0x748560eaCcd4C01FC29b3B5b72d3b8C85B2B5017` |
| `StakingModule`       | `0x80D9b50f4f1ECdd30CD61E400bf8B9b74eC8795f` |
| `KYCAggregator`       | `0xF8DfE25C8C565e057420716F0d2b2905eF8f5227` |
| `SimpleKYCProvider`   | `0x2f5503A0D0F9Aba32B82AFbD7395D2096c7FaA2d` |

## What's *Not* Live (Phase 2 Roadmap)

To avoid confusion: documents such as the Tranche Vault (sPP/jPP), the PAIMON token, vePAIMON governance, esPAIMON vesting, the Paimon DEX, and the automated Protection Band describe **future designs**, not deployed code. Sections covering these features carry a "Phase 2 Concept" banner. Refer to the [Roadmap](/paimon.finance/roadmap/roadmap.md) for sequencing.

## Target Users

* DeFi users seeking diversified RWA yield via PP
* DeFi users seeking single-asset pre-IPO exposure via xSPCX
* Institutional holders that need settled, KYC-clean positions in pSPCX
* Asset issuers seeking a compliant tokenization + distribution venue

***

## Quick Navigation

* [Executive Summary](/paimon.finance/overview/overview.md)
* [System Architecture](/paimon.finance/architecture/architecture.md)
* [Paimon Prime Vault (PP)](/paimon.finance/architecture/prime-vault.md) — ERC-4626 RWA fund
* [Pre-IPO SPV Tokens (pSPCX / xSPCX)](/paimon.finance/products/pre-ipo-spv.md) — SpaceX SPV tokenization
* [Launchpad: 4-Layer Drop](/paimon.finance/architecture/launchpad.md)
* [EIP-3643 Compliance](/paimon.finance/architecture/eip3643-compliance.md)
* [Points and Badges](/paimon.finance/products/points-and-badge.md)
* [Risk Disclosure](/paimon.finance/risk-and-transparency/risk-and-transparency.md)

***

## Contact & Resources

* Website: [paimon.finance](https://paimon.finance)
* X (Twitter): [@Paimon\_Finance](https://x.com/Paimon_Finance)
* GitHub: [Paimon-R-D](https://github.com/Paimon-R-D)
* Telegram: [paimon\_rwa](https://t.me/paimon_rwa)


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