What is PIP (PIP)?

Quick Facts

  • Platform: getpip.com — a Web3 crypto payment suite
  • Native token: $PIP, governance token of PipDAO
  • Launched: 2022 on the Solana blockchain
  • Backers: Coinbase, Galaxy Digital; incubated by Binance Labs
  • Multi-chain: Solana, Ethereum, BNB Smart Chain, Polygon
  • Users: Over 360,000 across 78 countries
  • Payment volume: Over $30 million processed

Introduction

PIP is a Web3 payment platform designed to make crypto transactions as simple and accessible as everyday digital payments. Its mission is to accelerate the global adoption of micropayments by building tools that work directly within the platforms people already use — from social networks to e-commerce websites.

$PIP is the platform's native utility and governance token, powering PipDAO and rewarding active participants in the ecosystem.

History & Background

PIP was created in late 2021 and officially launched in early 2022 on the Solana blockchain. The project attracted backing from top-tier investors including Coinbase and Galaxy Digital, and was incubated by Binance Labs, giving it strong institutional support from its inception.

The platform quickly expanded to support multiple blockchains and grew its user base to over 360,000 people across 78 countries.

How PIP Works

PIP offers a suite of payment products accessible through a browser extension (available on Chrome, Opera, and Edge) and a web application. Users connect their preferred blockchain wallets and claim a PIP Tag — a human-readable identifier that replaces complex wallet addresses for sending and receiving funds.

Key products include:

  • Social Pay: Send and receive crypto directly on Twitter, Reddit, Twitch, Discord, and GitHub
  • PIP.ME: A customizable Web3 profile page optimized for receiving crypto payments
  • Payment Links: Shareable URLs for peer-to-peer and business payments
  • Payment Button: An embeddable no-code button for any website
  • Invoice & Checkout: Tools for creating crypto invoices and online stores

Tokenomics

$PIP is the native token of PipDAO, making holders co-owners of the PIP ecosystem. The token follows a community-first distribution model, with the largest share allocated to a Community Treasury divided across reward farming, ecosystem growth, staking, liquidity, and reserve pools.

Reward Farming is a central feature: users earn $PIP daily by actively using PIP products — creating content, sending payments, and engaging with the community. Liquidity providers also receive $PIP rewards proportional to their share of the liquidity pool. Unclaimed reward tokens are subject to an auto-expiration mechanism to ensure fair, active distribution.

Circulating supply ? 960.25 million PIP
Total supply ? 960.25 million PIP
Max supply ? 1.00 billion PIP
Updated 6h ago

Ecosystem & Use Cases

PIP bridges everyday social media activity with crypto payments. Content creators can monetize followers via PIP.ME, businesses can embed payment buttons without coding skills, and individuals can send borderless micropayments with zero withdrawal friction — funds go directly to the recipient's wallet.

The platform supports multiple cryptocurrencies across Solana, Ethereum, BNB Smart Chain, and Polygon.

Team, Governance & Community

PIP operates under a DAO governance model through PipDAO, where $PIP holders collectively possess ownership of the ecosystem. The team is active across Twitter, Discord, Telegram, Reddit, YouTube, and Medium, maintaining a broad community presence.

The founding team is not publicly identified, though the project is backed by well-known institutional investors in the crypto space.

Advantages

  • Frictionless payments: Funds go directly to wallets — no withdrawal steps
  • Social-native: Works on Twitter, Discord, Reddit, Twitch, and GitHub without leaving the platform
  • Multi-chain support: Compatible with Solana, Ethereum, BNB Smart Chain, and Polygon
  • No-code tools: Payment buttons and links require zero technical knowledge
  • Earn while using: Reward Farming incentivizes genuine platform engagement
  • Institutional backing: Supported by Coinbase, Galaxy Digital, and Binance Labs

Risks & Challenges

  • Competition: Faces strong competition from established crypto payment and DeFi protocols
  • Adoption dependency: Utility depends on continued user and merchant adoption
  • Anonymous founding team: Lack of public team information can affect trust
  • Multi-chain complexity: Supporting multiple chains increases technical maintenance demands
  • Token value: $PIP's value is tightly linked to platform growth and ecosystem activity

Long-Term Vision

PIP aims to become the payment layer of Web3 — a universal infrastructure enabling anyone, from unbanked individuals to global businesses, to participate in the digital economy. The team has signaled ambitions to evolve the platform further, with hints at expanding into an Ethereum Layer-2 network focused on real-world financial applications including remittance, financing, and digital identity.

Frequently Asked Questions

$PIP is the native token of the PIP payment platform and PipDAO. It is used for governance, rewarding active users through Reward Farming, and incentivizing liquidity providers.

A PIP Tag is a user-friendly identifier that replaces long wallet addresses when sending and receiving crypto. It can be linked to social media accounts and used across the internet.

PIP supports Solana, Ethereum, BNB Smart Chain, and Polygon, allowing users to send and receive a wide range of cryptocurrencies across multiple networks.

Users earn $PIP through Reward Farming by actively using PIP products — such as sending payments, creating content, and engaging with the community. Liquidity providers also earn $PIP rewards.

PIP is funded by leading crypto companies including Coinbase and Galaxy Digital, and was incubated by Binance Labs, giving it strong institutional credibility.

PipDAO is the decentralized autonomous organization that governs the PIP ecosystem. All $PIP holders are members and collectively hold ownership of the platform.

PIP offers Social Pay (browser extension for social media payments), PIP.ME (Web3 profile page), Payment Links, Payment Button, Invoice, and a Checkout tool for online stores.

No. PIP's Payment Button is a no-code tool that any website owner can easily customize and embed to start accepting crypto payments without technical knowledge.