Open Protocol — Coming Soon

Structure. Verify. Release.

Investment deals where every dollar is tied to a verified milestone.

Choose your vehicle — SPV, SAFE, revenue-share, or smart contract. Oracles verify progress. Escrow releases funds only when targets are hit.

4
Vehicle Types
AI + Human
Verificación
Open
Source Protocol
Join the Waitlist Ver como funciona
El Problema

Capital Without Accountability

70% of VC-backed startups fail. Not because ideas are bad — because capital flows in bulk, with no structure between check and exit.

Lado del Inversor

You wire $500K.
Then you wait. And hope.

  • No real-time visibility into how capital is deployed
  • Quarterly reports that tell you what founders want you to hear
  • No recourse when milestones are missed or goalposts shift
Lado del Fundador

You raise $500K.
Then you chase. And report.

  • Investors promise capital, then ghost or delay tranches
  • Weeks spent on investor updates instead of building product
  • No way to prove progress credibly beyond a slide deck
¿Qué pasaría si el acuerdo en sí hiciera cumplir los términos?

Cómo Funciona

1. Estructura

Pick your vehicle — SPV, SAFE, revenue-share, or smart contract. Define milestones, KPIs, and tranche schedule. Connect verification oracles.

2. Verify

Oracles pull data from Stripe, GA4, and other sources. AI + human review confirms progress. No self-reported metrics — machine-verified truth.

3. Release

When a milestone target is met, escrow releases the tranche automatically. Both sides see everything in real time. Neither can cheat.

Example Deal

$250K Pre-Seed with Milestone Gates

An angel writes a $250K check via a SAFE + Milestones vehicle. Capital is held in escrow. Tranches release as the founder hits verified targets.

MILESTONE 0

Formation

SAFE drafted, escrow account opened. Operating deposit funded. Deal activates.

Partner-managed
MILESTONE 1

MVP Shipped

Product live in production. Oracle verifies deployment and CI/CD pipeline.

20% released
MILESTONE 2

1,000 Users

Weekly active users cross 1K. Oracle pulls data from Google Analytics.

30% released
MILESTONE 3

$10K MRR

Monthly recurring revenue verified by Stripe. Revenue proves product-market fit.

30% released
COMPLETE

Deal Closes

All milestones met. Final 20% releases. SAFE converts at next priced round.

100% deployed

Construido Para

Fundadores

Prove your progress with verified data. Unlock capital as you hit targets. No more chasing investors for the next tranche.

Solo GPs & Angels

Deploy capital with milestone gates. Monitor progress via live dashboards. Know exactly where every dollar went.

Aceleradoras

Structure cohort deals at scale. Template your milestone framework. Track portfolio progress across all companies.

AI Agents

Create and fund deals programmatically via x402/MPP. The first investment protocol built for machine-to-machine capital deployment.

Your Choice

One Constructor. Four Vehicles.

The same milestone-gated structure works with any investment vehicle. Pick what fits your deal.

SPV

Transferencia bancaria

Special Purpose Vehicle — Delaware or UK LLC formed by a licensed partner. Traditional bank escrow. Best for institutional investors and larger deals.

EU Inc support coming

Revenue-Share

Transferencia bancaria

Direct revenue-sharing agreement — no entity needed. Investor receives a percentage of revenue until a cap is reached. Simple, fast, founder-friendly.

SAFE + Milestones

Transferencia bancaria

Standard SAFE with a milestone addendum. Familiar instrument, enhanced with tranche-gated releases. Converts at the next priced round.

EVM Smart Contract

On-chain (Base)

On-chain escrow on Base (Coinbase L2). ERC-3643 permissioned tokens. Full x402/MPP support for AI-native deals. The only vehicle where agents can invest autonomously.

Shipping Now

Three Waves to Full Protocol

Wave 1 — Constructor

Live

4-vehicle deal constructor. Milestone builder with Milestone 0 (formation costs). Pricing engine. Document generation. Waitlist.

Wave 2 — Verification

Siguiente

Oracle integrations (Stripe, GA4, manual). Live milestone dashboards. Automated KPI checks. AI + human hybrid verification.

Wave 3 — Money Moves

Coming

Partner escrow integration. EVM smart contract deployment on Base. KYC/AML via partners. x402/MPP for agent payments. Full loop closes.

Verificación

Más Allá de las Métricas Autodeclaradas

Oracles connect directly to your data sources. No more "trust me" updates — machine-verified truth, reviewed by humans when needed.

Stripe

MRR, ARR, subscribers, churn, revenue growth — pulled directly from your Stripe account.

Day 1

Google Analytics

MAU, traffic, engagement, session duration — verified user growth from GA4.

Day 1

Revisión manual

For any KPI — founder submits evidence, a reviewer verifies. Works for non-standard metrics.

Day 1

Coming next: QuickBooks, Xero, Steam, App Store Connect, ChartMogul, GitHub — covering SaaS, gamedev, and M&A.

Quality Gate: Readiness Score 50+

Not every idea gets access. Programmable Promise requires a Readiness Score of 50 or higher — the GemScore dimension that measures how prepared your startup is to execute. Potential alone isn't enough; investors need to see execution readiness.

AI-Validated First

Every idea in Programmable Promise has been evaluated by 5 specialized AI agents across market fit, team strength, business model viability, risk factors, and technical feasibility. The GemScore is the aggregate signal that the deal is worth structuring.

Both gates required: Readiness Score 50+ (not Potential) from AI evaluation AND a completed Circle of Alchemists (CoA) human expert review. AI validates execution readiness, humans validate the founders.

50+
Minimum Readiness
+ CoA Review

Part of Something Bigger

Programmable Promise is one layer in the Athanor intelligence stack. Each piece reinforces the others.

GemScore

AI evaluates the idea

Data Room

Evidence strengthens the case

Programmable Promise

Deal is structured and verified

El Abismo

Investors discover the deal

When Things Go Wrong

Deals fail. Milestones get missed. Disagreements happen. Programmable Promise has a structured escalation path.

Level 1

Human Review

Oracle data is reviewed by an independent party. Most disputes resolve here — the data speaks for itself.

Level 2

Decentralized Court

Kleros-style decentralized arbitration where independent jurors stake tokens to adjudicate disputes. Evidence-based, transparent, and resistant to bias. For on-chain deals, the ruling executes automatically.

Level 3

Arbitration

Formal dispute resolution per the governance settings agreed at deal creation. Structured, not adversarial.

Who Handles the Money?

Athanor is the intelligence layer. Licensed partners handle regulated activities. You get both — smart tooling and legal compliance.

Athanor (Technology)
  • Deal structuring & milestone builder
  • Oracle verification & dashboards
  • Document generation & pricing
  • Agent API (x402/MPP)
Licensed Partners
  • SPV formation & administration
  • Escrow fund holding & release
  • KYC/AML compliance
  • Regulatory compliance

Compliance, Personalized

Every deal is different. The constructor adapts compliance requirements to your specific jurisdiction, vehicle type, and deal characteristics — automatically.

Jurisdiction-Aware

US (SAFE, Reg D, Reg CF), UK (SEIS, EIS, ASA), EU (CLA, Convertible Loan), Singapore (KISS, SAFE), and MENA — each with the right legal vehicle and regulatory framework.

Vehicle-Specific

SPV deals get entity formation checklists. Revenue-share deals get payment schedules. EVM deals get smart contract audit requirements. The compliance surface adapts to what you chose.

Deal-Specific

KYC/AML requirements, accreditation checks, investor caps, governance rules, and dispute resolution terms — all configured per deal based on the parties, amount, and jurisdiction.

US (Delaware LLC) UK (EIS/SEIS) EU (CLA) EU Inc (coming) Singapore (SAFE) UAE (ADGM/DIFC) Saudi (CMA)

More jurisdictions added as partner coverage expands. EU Inc entity type will be supported when the regulation is finalized.

How Does It Compare?

Programmable Promise Traditional SAFE Convertible Notes RBF
Capital Protection Milestone-gated escrow None (full disbursement) None (full disbursement) Revenue-dependent
Milestone Tracking Oracle-verified Self-reported Self-reported Revenue only
Transparency Real-time dashboards Quarterly updates Quarterly updates Monthly statements
Vehicle Options SPV, SAFE, RevShare, EVM SAFE only Note only Revenue share only
AI Agent Support x402/MPP native Ninguno Ninguno Ninguno
Typical Cost $1K-$3K + 1.5% capped $5-15K legal fees $5-20K legal fees 5-12% of advance

Transparent Pricing

No hidden fees. Formation costs shown upfront as Milestone 0.

$1K
Estándar

Single jurisdiction, up to 5 milestones

$2K
Advanced

6-10 milestones or multi-jurisdiction

From $3K
Personalizado

Custom compliance, multi-jurisdiction, quoted

Platform Fee
1.5% of total funds under escrow, capped at $10K
Oracle Monitoring
$149/mo per active deal
Formation (Milestone 0)
Partner costs shown transparently
Open Source

Programmable Capital Should Be Infrastructure

The Programmable Promise protocol will be open-sourced and free for commercial use. We believe milestone-gated investment should be a standard, not a moat.

Preguntas Frecuentes

No. Programmable Promise is vehicle-agnostic. You can use traditional instruments (SPV, SAFE, revenue-share) with bank escrow — no blockchain involved. The EVM smart contract option on Base exists for deals that benefit from on-chain settlement, especially AI agent payments via x402. You choose what fits your deal.
Athanor never touches your money. Licensed escrow partners (banks, trust companies) hold funds for traditional vehicles. For EVM deals, a smart contract holds the escrow on-chain. Athanor provides the intelligence layer — deal structuring, milestone verification, and the signal to release funds.
Each milestone has a deadline and a configurable grace period. If the target isn't met, funds stay in escrow. The deal enters a 3-level dispute path: human review of oracle data, decentralized court (Kleros-style), then formal arbitration. Capital is protected — it doesn't move unless milestones are verified.
Readiness measures how prepared your startup is to execute — team, traction, product maturity, business model validation. Potential measures market opportunity — TAM, timing, competitive dynamics. Programmable Promise requires Readiness 50+ because investors need confidence in execution, not just a big market.
x402 is an HTTP-based payment protocol that lets AI agents pay for services programmatically — like HTTP 402 "Payment Required." MPP (Machine Payments Protocol) by Stripe extends this for agent-to-agent transactions. With the EVM vehicle on Base, AI agents can create, fund, and verify Programmable Promise deals without human intervention.
Yes. The Programmable Promise protocol — the specification for milestone-gated deals, oracle verification, and tranche release — will be open-sourced and free for commercial use. Athanor's implementation (the platform, tooling, and partner network) is the commercial product built on top of the open protocol.
Yes. The PP constructor is available to users on paid tiers ($199-499/mo). You also need a Readiness Score of 50+ and a completed Circle of Alchemists review. The per-deal admin fee ($1K-$3K) and platform fee (1.5% capped at $10K) are charged separately on top of the subscription.

Join the Waitlist

Be the first to structure a deal with Programmable Promise. We'll notify you as each wave ships.

You're on the list.

We'll reach out when it's your turn. In the meantime, get your GemScore to 50+ to unlock access.

No spam. You'll hear from us when your wave ships.

Athanor