The B corp
builds khėnsu.ñü
A public benefit corporation, legally bound to its mission as well as its shareholders. It issues the SAFE and keeps half of the network’s income.
01 / 17 · theoretical · for investors, heads of state and the United Nations
the theoretical pitch · theopitch.khensu.nu
one network.
for all the world’s money and the internet.
Suppose every payment on Earth and every page, message and call moved onto one network: post-quantum, private by construction, run by the people who use it, and paying them a basic income for running it. This deck is that scenario, built from what khėnsu.ñü already is.
pre-seed · angels$5.4T raisepost-money SAFE$27.1T cap20% of the B corp$27.1T valuation- $2.4 trillion: Collected every year in payment tolls, worldwide$2.42.4trillionCollected every year in payment tolls, worldwide
- 2.6 billion: People still offline2.62.6billionPeople still offline
- 1,024: ML-KEM-1024 on every key exchange, the strongest post-quantum level1,0241,024ML-KEM-1024 on every key exchange, the strongest post-quantum level
- 0: Servers that can read a message, a contact or a payment00Servers that can read a message, a contact or a payment
02 / 17 · theoretical
the pre-seed ask · angel investors
$5.4T pre-seed on a post-money SAFE.
$27.1T cap. 20% of the B corp.
- $5.42 T: Pre-seed raise on the standard post-money SAFE, led by angel investors$5.425.42TPre-seed raise on the standard post-money SAFE, led by angel investors
- $27.1 T: Post-money valuation cap, set at the full valuation. No discount$27.127.1TPost-money valuation cap, set at the full valuation. No discount
- $27.1 T: Valuation: the B corp at 10× its income, plus 10 years of basic income it pays the world$27.127.1TValuation: the B corp at 10× its income, plus 10 years of basic income it pays the world
- $1.2 T: A year to people as basic income, helping the world from day one$1.21.2TA year to people as basic income, helping the world from day one
light · conservative
$12.4Tvaluation and cap
$2.5Traise for 20%
3% growth · 5× income · 5 years of basic income
mid · the headline
$27.1Tvaluation and cap
$5.4Traise for 20%
5% growth · 10× income · 10 years of basic income
strong · aggressive
$73.2Tvaluation and cap
$14.6Traise for 20%
7% growth · 20× income · 20 years of basic income
valuation, full capture
The usual pre-seed stake is 10–20%; this round sells 20%. The cap is the full valuation, and the raise buys that stake at the cap. The valuation counts the wealth the network creates for people, not only what the B corp keeps.
$16.1TPaid in payment tolls, 2019 to 2025: the past years, wealth that left people’s pockets. Estimate
$1.2TA year to the B corp, half of the network’s income
$1.2TA year to the nu network pool, paid out as basic income
$146Per person on Earth a year, at one rate. 1 in 10 people live on less than $1,100 a year
$15.1TBasic income paid over the years counted: future wealth created
$12TB corp value: its income × multiple
$27.1TValuation: B corp value plus the basic income it pays
$27.1TPost-money SAFE cap
$5.4TPre-seed raise
angels lead, a mix of investors fills the round
- Angel investors: tech founders and private individuals35% · $1.9T
Operators who have built and scaled networks before, writing the first checks.
- Generational wealth funds and family trusts25% · $1.4T
Patient capital for a hundred-year asset.
- Longevity and impact funds15% · $812.8B
Health, security and income that compound over lifetimes.
- Sovereign wealth and development finance10% · $541.9B
Payments, inclusion and digital sovereignty for their citizens.
- Strategic partners15% · $812.8B
Telecoms, device makers and regulated stablecoin issuers at the edges.
Each tranche invests on the same SAFE and the same cap. Charitable trusts and foundations can give to the nonprofit pool instead, as grants, not equity.
Interested parties. Greg Gasser of Generational Equity (M&A, Dallas) reached out on 9 January 2024 and asked for a pitch. The conversation is in motion; no terms are agreed.
use of funds
- Engineering and audits45% · $2.4T
Independent audits of the cryptography, the STARK circuits and the shielded pool, a paid pen-testing programme, and the core team.
- Legal and compliance20% · $1.1T
Money transmission, stablecoin and securities counsel in the US, EU and UK, and the regulated bridge at the edges.
- Network launch20% · $1.1T
Grants for the first community nodes in libraries and schools, and suñůlink.shield units for places with no internet.
- Operations and buffer15% · $812.8B
Hosting for the public sites, the 100% uptime promise, and a reserve against delays.
The nonprofit
holds the nu network pool
Receives the other half and pays it out as nu.bi, to node operators and then to every person as an equal dividend. Owned by no one.
The switch
keeps it that way
The dead-man’s switch passes every founder power to consensus. No shareholder, fund or country can take the pool.
Investors, write to Elliott: e@khensu.nu
Full-capture case: it assumes the network’s income equals what the world pays for payments today, $2.4 trillion (McKinsey), growing 5% a year as McKinsey projects (mid); light counts 3% growth, 5× income and 5 years of basic income, strong 7%, 20× and 20 years; past years are estimated backward at the same rate; world population 8.2 billion (UN). Every result is a projection from these inputs, not a forecast. The SAFE is in the B corp, not the nonprofit, the network or its token, and there is no token sale. Elliott Wave LLC builds khėnsu.ñü today; the B corp and the nonprofit are formed with counsel before any closing. Theoretical terms, not an offer: any raise would be made only to verified accredited investors.
03 / 17
the problem
the world runs on tolls.
and on keys that quantum computers break.
payment tolls
Every card swipe, wire and transfer pays a chain of middlemen. About $2.4 trillion a year.
to send $200 home
The world’s poorest families pay the highest fees, on $685 billion sent home every year.
datacenter power
Every AI question and every full-size video goes through a datacenter. About 1.5% of the world’s electricity.
harvest now, decrypt later
Traffic recorded today with elliptic-curve and RSA keys can be read once a large quantum computer exists.
The internet was a gift: a network of networks that nobody owns. Then the money moved in, and the network learned to watch. Payments, messages and attention are now rented back to the people who make them. khėnsu.ñü hands the network back.
04 / 17
the product · every host on khensu.nu
messages, calls, sites, money and AI.
one private network.
- webËThe people-run internet: sites, apps and contracts, post-quantum and stealth.
nu:webe.khensu.nu - ñũ.FîAll the money: private payments for under a cent, give, back, invest and lend.
nu:fi.khensu.nu - ñũ.BîA basic income paid by the network people run, at one worldwide rate.
nu:bi.khensu.nu - ñü.ñetworkPrivate contracts, anonymous ballots and six kinds of paid node work.
nu:network.khensu.nu - securityML-KEM-1024, ML-DSA-87, a five-hop mixnet and keys that live five minutes.
nu:security.khensu.nu - ñü.řåłPrivate AI and memory that run only on your own device.
nu:memory.khensu.nu - ñü.media4D audio and video that needs 41–66% fewer bits than H.264, measured.
nu:media.khensu.nu - ñü.ċřêæțẽCreators paid 1¢ a play, $10 per 1,000, with no cut.
nu:create.khensu.nu - ñü.ŵævẽšMusic, spatial sound and the spacetime bubble™.
nu:waves.khensu.nu - ñü.mømëntšTemplates and the social editor.
nu:moments.khensu.nu - ñü.vœîðThe bag: everything you keep, sealed on your devices.
nu:void.khensu.nu - ñü.ævätåřşStream and call as an avatar.
nu:avatars.khensu.nu - îňðřæ.ōġLink previews that are media, not only images.
nu:indra.og.khensu.nu - suñůlink.shieldThe transceiver: 600 m shield to shield, 2 km to a rooftop node, no internet needed.
nu:shield.khensu.nu - the violet flameOn-device cover for unwanted images and a fair public-forum ban.
nu:safety.khensu.nu - sla100% uptime, and a dead-man’s switch that hands every power to the network.
nu:sla.khensu.nu - nocapCapitalism to postcap: less data, less energy, more left over.
nu:nocap.khensu.nu - get.appsInstall on iPhone, iPad and Mac without a store.
nu:get.apps.khensu.nu
05 / 17
why now
four curves crossed.
at the same time.
- Post-quantum is standardNIST published ML-KEM and ML-DSA in August 2024. khėnsu.ñü uses the strongest levels, 1024 and 87, for every key and every signature. No elliptic curves, no RSA.
- The AI is in your pocketPhones and Macs carry Neural Engines that run a private assistant and memory on the device, so no question has to leave it.
- Digital dollars are regulatedUSDC is a regulated dollar stablecoin, redeemable one-for-one. A shielded pool can move it privately for under a cent.
- Anyone can run the networkA Mac or a Raspberry Pi 5 on home broadband is a node. suñůlink.shield reaches 600 m without any internet at all.
06 / 17
how it works
proved on your device.
carried by people. read by nobody.
Your deviceKeys in the Secure Enclave · AI and memory on the Neural Engine · every payment proved with a STARK
Five-hop mixnetEvery message crosses operators, networks and countries. Calls use at least five relays run by different operators
People’s nodesMail, storage, renditions, private lookups, randomness, mesh and satellite bridging. Paid per verified job
Post-quantum chain and shielded poolHash commitments and STARK proofs. Amounts, senders and recipients hidden. Contracts with public code and private terms
The edgesRegulated bridge to dollars and cards · gateway nodes to legacy APIs, with transcript proofs
07 / 17
business model
real customers.
never ads, data or token sales.
subscriptions
- Pro$4.99$2.12 to the network
- Ultra$200$85.00 to the network
- Akashic$1,000$425.00 to the network
After Apple’s 15%, every dollar splits evenly: half pays the people who run the network through the nonprofit pool, half goes to the B corp that builds it.
a flat 10%
10%
Of in-app purchases and subscriptions, on the first dollar and the billionth. Never scaled up or down. The lowest in the industry.
everything else is free
0%
No cut on tips, gifts, creators’ sales, hosting or node work. Creators get 1¢ a play. Transfers cost under a cent, paid to node operators, estimate.
08 / 17 · projection
the world scenario
move the world onto it.
see what comes back to people.
Fixed inputs, from the sources slide: $2.4 trillion in payment revenue, $685 billion in remittances at 6.36%, 5.5 billion people online, about 1.3 trillion non-cash transactions and 415 TWh of datacenter power a year. $3.37 a month reaches the network from each subscriber, the mix on the network page.
$2.4 trilliona year moved off middlemen onto the network: half to the nonprofit pool, half to the B corp
$44 billiona year in remittance fees kept by families
$11 billiona year to the people who run the network, from subscriptions
$13 billiona year to node operators, from transfer fees
42TWh a year not drawn by datacenters
5.50 billionpeople with a private, post-quantum line
Projection, not a forecast. The tolls figure is an upper bound: payment revenue also includes interest and float, and cards and banks remain at the edges. Real results depend on adoption, regulation and usage.
09 / 17
ñũ.Bî · basic income
the network pays the people who run it.
one rate, everywhere on Earth.
pay = pool × (this node’s verified work ÷ all verified work)
paid for proof
Every dollar comes from a verified work receipt, paid in shielded USDC. No pay for doing nothing, and no pay by location: the network never knows where a node is.
worth the most where it’s needed
One worldwide rate means a node pays the most where living costs least. 1 in 10 people on Earth live on less than $3 a day.
then a dividend
Stage two is an equal dividend per unique person, funded from revenue and unlocked by blind personhood credentials. Proposed.
10 / 17
for the United Nations
six global goals.
one open network.
- SDG 1No poverty
nu.bi pays people for the work their node does, at one rate for the whole planet, so it is worth the most where living costs least.
- SDG 8.10Banking for all
A wallet on any smartphone. 900 million adults with no account already own a phone.
- SDG 9.cUniversal internet access
Mesh and satellite bridging carries sealed packets to places with no internet, paid as node work.
- SDG 10.cRemittances under 3%
The goal for 2030 is under 3%. A private transfer on the network costs under a cent, estimate.
- SDG 13Climate action
AI runs on the device and media sends fewer bits, so datacenters draw less power.
- SDG 16.10Fundamental freedoms
Nothing on a server can read a message, a contact or a payment. Not us, not anyone.
Open licences throughout: khensu-core Apache-2.0, the specs CC BY 4.0, every other repo AGPL-3.0. Open licensing is the first requirement of the Digital Public Goods Standard.
11 / 17
today and tomorrow
the same day.
two different worlds.
Todaykhėnsu.ñü
Send $200 to family abroad$12.72 averageUnder 1¢, estimate
App store fee on $100 of sales$15–30$10, flat, forever
Creator share of a tip or giftPlatforms keep a cut100%
Business modelAds and personal dataSubscriptions. No ads, no data, no token sale
Who can read your messagesThe provider, on requestNobody. No server holds the keys
Quantum computersToday’s keys break laterML-KEM-1024 and ML-DSA-87 everywhere
Where AI runsA datacenterYour own device
If the founder disappearsThe company decidesEvery power passes to the network
12 / 17
not the purpose
it could replace the world’s banks.
that is not the purpose.
- Payments and remittances
Private transfers for under a cent, anywhere, at any hour.
- Savings
Dollars in a shielded wallet that only you hold. Nobody can freeze a note.
- Lending and investing
Person to person, and through licensed partners where the law requires them.
- Settlement and escrow
webe contracts with public code and private terms, proved on the device.
- Identity
Blind personhood credentials: a real person, without anyone learning who.
The purpose is freedom, privacy and a basic income for everyone. That is why almost all of it is open source: anyone can read it, run it, fork it and build on it, banks included. Peace comes from tools that belong to the people and that nobody can monopolise.
Open source: khensu-core under Apache-2.0, the specifications under CC BY 4.0, the apps, services and sites under AGPL-3.0. The node and the chain are held in sealed escrow and released to everyone by the dead-man’s switch.
Value estimate. The world’s banks earned about $1.1 trillion in net income in 2023 (McKinsey). Moving that work onto an open network adds about $11T of value at the mid 10× multiple ($5.5T light, $22T strong), on top of the valuation above. It lands with people, not one company: cheaper money, faster payments, savings nobody can freeze and markets open to every person on Earth. Everyone gets richer personally, the wealthiest included, because lower costs and billions of new customers lift every business and every portfolio. A positive sum, not a transfer. Estimate, not a forecast.
13 / 17
governance
it belongs to everyone.
even after its founder.
- 42 days: Of founder silence, then every power passes to consensus for good4242daysOf founder silence, then every power passes to consensus for good
- 14 of 21: Committee keys sign every release after the switch1414of 21Committee keys sign every release after the switch
- 100 %: Uptime, the public promise at sla.khensu.nu100100%Uptime, the public promise at sla.khensu.nu
- 0: Founder powers left after the switch00Founder powers left after the switch
The founder handover fired on 14 October 2026, and the dead-man’s switch is active. Every code change, release and upgrade is archived on the network. If the switch fires, the committee opens the sealed escrow and releases all of it, to every node, the press, Wikimedia Commons and the Internet Archive. No company, and no country, can hold it hostage.
14 / 17
what is live
not a white paper.
open code you can install today.
fewer bits than h.264
ñü.media at the same picture quality, measured on an iPhone Air and scored with VMAF. benchmark
installs without a store
nu.khensu.ptah for iOS, iPadOS and macOS 26, plus the node for Mac and Raspberry Pi 5.
products, each on its own host
Every one public on khensu.nu, with its specification at dev.khensu.nu.
15 / 17
hard questions
the questions a president asks.
straight answers.
Does this help criminals hide money?
The pool is private inside and public at the edges. Deposits and withdrawals through the regulated bridge show an amount and a public account, as the law requires. Personhood credentials are blind: a government confirms a real person, the network never learns who.
Does it replace a central bank?
No. Payments settle in USDC, a regulated dollar stablecoin redeemable one-for-one. The network sets no interest rate and issues no national currency. Monetary policy stays where it is.
Can a government read it under a warrant?
There is no key to hand over. Every message has its own key, keys rotate every five minutes, and no server ever holds one. That is the point, and it protects officials and citizens alike.
What stops one company owning it?
The founder handover fired on 14 October 2026. A dead-man’s switch passes every founder power to consensus for good, and 14 of 21 committee keys sign every release after it fires.
Can it handle the whole world?
webe is built for ten billion people a day. Node operators join where people are; the committee paces new nodes in a region so pay stays above running costs.
What does a pre-seed angel own?
A SAFE in the B corp, the public benefit corporation that builds khėnsu.ñü and keeps half of the network’s income. Not the nonprofit pool, not the network, not the token. There is no token sale, and the dead-man’s switch means no shareholder can ever take control of the network.
16 / 17
the ask
not your money for a token.
your reach, for everyone.
Pre-seed angel investors
back the builders
- $5.4T on a post-money SAFE at a $27.1T cap, 20% of the B corp.
- Angel investors lead; generational wealth funds, trusts, sovereign and longevity funds, founders and strategic partners fills the round.
- In conversation: Greg Gasser, Generational Equity (M&A), who invited this pitch.
- Charitable trusts and foundations can fund the nonprofit nu network pool directly.
- Run high-capacity node fleets, paid ten times an average node for ten times the proved work.
- Fund the open-source foundation at help.khensu.nu.
Heads of state
bring it to residents
- Personhood credentials, issued blind by a national registry.
- Community nodes in libraries, schools and clinics.
- Clear tax treatment of node pay as income for work.
- Clear rules on receiving and spending stablecoin pay.
- A measured pilot in one city, independently evaluated.
The United Nations
make it a public good
- Assess khėnsu.ñü against the Digital Public Goods Standard.
- Pilot remittances and humanitarian cash transfers for under a cent each.
- Measure it against SDG targets 1, 8.10, 9.c, 10.c, 13 and 16.10.
A gift to humanity and all beings.
Freedom, privacy and a basic income, so people everywhere can create, build and live securely.
Investors: e@khensu.nu Everyone else: hello@elliottwave.studio
17 / 17
sources
sources and notes.
- Global payments revenue, about $2.4 trillion in 2023. McKinsey Global Payments Report 2024.
- Average cost of sending $200, $12.72 in Q3 2025. World Bank, Remittance Prices Worldwide.
- Remittances to low- and middle-income countries, $685 billion in 2024. World Bank and KNOMAD, Migration and Development Brief.
- 5.5 billion people online, 2.6 billion offline. ITU, Facts and Figures 2024.
- Data centres used about 415 TWh in 2024. IEA, Energy and AI (2025).
- About 1.3 trillion non-cash transactions a year, estimate. Capgemini, World Payments Report 2024.
- Post-quantum standards ML-KEM and ML-DSA, August 2024. NIST, FIPS 203 and FIPS 204.
- 900 million adults with no account own a phone. World Bank, Global Findex 2025.
- Target 10.c: remittance costs under 3% by 2030. United Nations, Sustainable Development Goals.
- The Digital Public Goods Standard. Digital Public Goods Alliance.
- Payments revenue projected to reach about $3.1 trillion by 2028, about 5% a year. McKinsey Global Payments Report 2024.
- World population, 8.2 billion in 2024. United Nations, World Population Prospects 2024.
- Banks’ global net income, about $1.1 trillion in 2023. McKinsey Global Banking Annual Review 2024.
- Pre-seed rounds usually sell 10–20% of a company; seed rounds 15–25%, about 20% at the median. Carta, State of Private Markets.
- The post-money SAFE and its user guide. Y Combinator, SAFE financing documents.
This is a theoretical pitch: a scenario, not a plan of record. World-scale figures are projections from the inputs shown. Measured figures are labelled benchmark. The network, its token and the stage-two dividend are not offered anywhere yet. The pre-seed terms are theoretical. Nothing on this page is an offer to sell or a solicitation to buy securities, investment advice or a promise of income; any raise would be made only to verified accredited investors, with counsel. USDC is issued by Circle. Apple is a trademark of Apple Inc. Y Combinator and Carta are named as sources only. khėnsu.ñü is built by Elliott Wave LLC.