M1: Production Ready | $12,000
M1 status (snapshot 2026-05-30): all 10 deliverables shipped. Closed beta surpassed the 50-user target with 55 users, $20.8K USDC moved, $11.5K onboarded, 249 transfers, and a 95% activation rate at M1 close. Users in 4 countries (Colombia 46, USA 4, Spain 3, Mexico 2). Post-M1, the live network has grown to 231 users and 338 onchain transactions thanks to Pizza Day 2026 in Cartagena and TechX ColCaribe at Universidad del Norte. Fiat onramp integrated via Colurs.io. End-to-end demo: youtu.be/CTeupkJWbFE
M2 work began in parallel with M1 wrap-up. Current progress against M2 KPIs (updated 2026-07-11, numbers mirror sippy.lat/stats):
| # | Deliverable | Status | Notes |
|---|---|---|---|
| 1 | Onramp integration | DONE | Pursued Transak (declined KYB) and TransFi (stalled). Colurs.io, a local Colombian startup, integrated as onramp partner. Coinbase Onramp also live for non-LATAM countries. |
| 2 | Non-custodial wallet refinements | DONE | Full flow: setup, wallet creation, permissions, send, sweep, export. Custom auth (OTP + RS256 JWT). Two send modes: Free gas and Direct. |
| 3 | Security hardening | DONE | Phone sanitization, tx confirmation, self-send prevention, velocity limits, tiered spending limits, admin block/pause controls. |
| 4 | Dual currency display | DONE | 26 LATAM currencies, 24h cache. Local currency sends auto-convert to USDC. mil/k shorthand. |
| 5 | Privacy controls | DONE | Phone visibility toggle, profile masking, WhatsApp privacy command, email recovery. |
| 6 | User settings | DONE | Language auto-detect + manual selector (EN/ES/PT), tiered limit display, privacy toggle. |
| 7 | Monitoring infrastructure | DONE | PostHog analytics, health endpoint, Alchemy indexer, admin dashboard (volume, fund flow, top users, daily chart, gas refuels). |
| 8 | Legal entity | DONE | SIPPY, S.A. DE C.V. incorporated in El Salvador, March 20, 2026. |
| 9 | WhatsApp production number | DONE | Business API approved. 2K bot-initiated + unlimited user-initiated. Production number active. |
| 10 | Closed beta: 50 testers | DONE | 55 users (110% of 50-user target), $20.8K USDC moved + $11.5K onboarded, 249 transfers, 95% activation rate, users in 4 countries (CO 46, US 4, ES 3, MX 2). Cartagena event (March 23) onboarded 40+. Snapshot 2026-05-02. Demo: youtu.be/CTeupkJWbFE |
M2: Public Launch | $9,250
| # | Deliverable | Status | Notes |
|---|---|---|---|
| 1 | Maintenance + bug fixes from feedback | DONEt | Ongoing since beta. Continuous back-and-forth with testers. |
| 2 | User support + system optimization | DONE | Zoho ticketing integrated for user support. Groq LLM optimized. |
| 3 | Feature iterations from user feedback | DONE | Address book, /fund via LI.FI, local currency sends, smart alias resolver, savings mode v1, passkey login, Season 1 incentives, Mt Pelerin EU onramp - all shipped from user feedback. |
| 4 | Legal: ToS, Privacy Policy, disclosures | DONE | Live at sippy.lat/terms, /privacy, /disclosures (Spanish official version + English translation). Double-checkbox consent gate at signup, plus a fee, gas, and irreversibility breakdown shown before every send (chat + web). Drafted by in-house counsel. |
| 5 | Technical documentation package | DONE | Deployed at docs.sippy.lat |
| 6 | 1-2 blog posts (WhatsApp + UX lessons) | DONE | Two posts live at sippy.lat/blog: "A dollar wallet inside WhatsApp" (how Sippy works on WhatsApp rails) and "The crypto people use before they learn the words" (non-custodial UX lessons). |
| 7 | User testimonials (10-15) | DONE | 10 collected through a Tally survey (EN + ES), NPS +80. Selection published in the What Users Say section of the report home. |
| 8 | Final report to Arbitrum DAO | DONE | This Notion workspace is the living report. Updated continuously. |
| 9 | Public /stats page: tx table | DONE | Live transaction feed on sippy.lat/stats, each transfer verifiable on Arbiscan. |
M2 KPIs: 200-400 onchain txs | $50-100K USDC volume | 75-100 MAW | >98% tx success | >99% uptime | NPS >40
Supporting work shipped across M1 and M2: