Asia's wave of independent, well-funded tournaments is running in isolation — and most won't fall under APPT. Open Rally (the engine + Open Rank, a shared ranking) gives them the infrastructure to become a circuit — the Asian Padel Open Circuit — seeded by World Padel Rating. We earn into WPR by exactly what we deliver.
Open Rally is our open competitive platform — the tournament engine and Open Rank, the open ranking system built into it. Open Rank powers many circuits. The first one we launch — seeded by WPR — is the Asian Padel Open Circuit.
World Padel Rating (WPR) — the skill rating, licensed in — seeds every draw. WPR-owned. · Open Rally + Open Rank stay 100% TPS.
Think exchange, instrument, product. Open Rally (engine + Open Rank) is the exchange and its ranking system — The Padel Society's. World Padel Rating is WPR's instrument, listed on it. The Asian Padel Open Circuit is a product we launch on top — TPS-run, WPR-powered. WPR's upside comes from the rating adoption it drives (Part B), not from owning the rails or the circuit.
Across Asia, independent tournaments are multiplying — real prize money, real draws — but each runs in isolation. Many actively do not want to work with APPT. They want to stay independent. What they lack is shared infrastructure and a shared ranking. That gap is our entry point.
Independent, well-funded events are already running across the region, each on its own island, with no shared ranking to connect them:
…and a long tail of events at $5K–6K prize money running every month. Today, a title at Tamora counts for nothing at Nox Cup — there is no thread between them.
Drop these straight onto Open Rank and they tier themselves: Exodia ($13K) and Sapo ($18K) land in Open 500; Nox Cup ($30K) and Tamora ($100K/yr across 4 events) reach Open 1000; the $5K–6K long tail seeds Open 250; and our own weekly prize-money events seed Open 50–100. The prize money and the players are already here — the only thing missing is the shared ranking that connects them. That's Open Rank, and the banner is the Asian Padel Open Circuit.
We are not asking these organizers to give anything up. We are handing them infrastructure that makes them stronger — and a shared ranking is the thing no single independent tournament can build alone. The alternative to APPT has not existed. We are it.
The hardest part of any new ranking is the cold start: it's only credible once enough quality events feed it. We're not waiting for that — we're manufacturing it.
We've stood up a dedicated team that runs small weekly tournaments with real prize money — matched to the level WeCourts runs in Dubai. It produces a steady stream of competitive results, building the density and credibility Open Rank needs before the big independents ever plug in.
With Gallop and the credibility it carries behind us, we expect to onboard the region's remaining tournaments quickly — a trusted name that turns "interesting idea" into "everyone's already joining."
Beyond tournaments, The Padel Society app already runs thousands of games and Americano tournaments — every one a natural WPR rating event. This existing activity, on top of the weekly engine and the independent circuit, is why we can put a concrete number on the table:
This is what de-risks the adoption WPR is effectively backing: we control the content engine that seeds the ranking, and we have the credibility partner to pull the rest in fast. The Adoption SAFE isn't a bet on whether tournaments will join — it's a meter on a machine we're already running.
Every event that joins drives WPR rating adoption — exactly what our Adoption SAFE converts into equity. The more we onboard for WPR, the more of WPR we earn. WPR's small SAFE tickets into TPS (Part A) just pour fuel on a wheel already turning.
Three instruments, each moving at its own speed. A signs now. B accrues from day one and converts at your priced round. C launches when the numbers justify it.
WPR is the rating standard across the stack (zero dilution) + small SAFE tickets into TPS + US funding connections.
A $ value per player & per federation onboarded into WPR, accrued and convertible like a SAFE, capped. No % to negotiate; no dilution until your priced round.
TPS launches it. The first circuit on Open Rank, uniting Asia's independent tournaments. WPR's rating seeds it; WPR's small SAFE support helps TPS build it.
The operational core, plus the support that funds momentum. None of it touches WPR's option pool — Coulter's 15% ceiling is irrelevant here.
Alongside the rating, WPR backs the rollout in two concrete, best-efforts ways — the same good-faith spirit your own note proposed. Note the symmetry: TPS earns a large Adoption SAFE into WPR (Part B), while WPR drips small SAFE tickets into TPS. SAFEs both ways.
| Commitment | What it is | When |
|---|---|---|
| 1. Small SAFE tickets into TPS | WPR commits to best-efforts delivery of small investment tickets, in SAFE form, to support TPS's expansion — as small as $25K each. Modest, repeatable, easy on WPR's cash. | Best efforts, ongoing |
| 2. US funding connections | WPR connects TPS with US funding — introductions to American investors & capital — once our metrics are more relevant. | As metrics mature |
Two reciprocal commitments — and a deliberate choice against a hard exclusivity that would make WPR dependent on us:
WPR is the native, preferred rating standard across TPS, Setpoint & Open Rally. Every match and every event on our stack runs on WPR — that's the adoption engine the Adoption SAFE is built on.
Open Rally is WPR's primary regional gateway — the main on-ramp WPR points organizers and federations to for adoption across APAC, and the default platform tournaments run on.
We deliberately do not want an exclusivity that forces every WPR integration through us — that would make WPR dependent on Open Rally and cap your optionality, and no CFO should accept that. WPR stays free to integrate directly with anyone, anytime. We simply aim to be the main gateway by being the easiest, highest-volume way to adopt WPR in the region. We earn it by driving the volume — and the Adoption SAFE already rewards us for exactly that, so we don't need a lock-in to be aligned.
The one reciprocal ask for being your lead adoption engine: that WPR not appoint a competing exclusive regional rollout partner that would undercut the volume we're building for you. Short of that, every door stays open — and as TPS opens new markets (Spain, ME), Open Rally becomes your preferred gateway there too.
The heart of the deal, and your idea made precise. No percentage negotiated today. Instead, every player and every federation we onboard into WPR carries an agreed dollar value. Those values accrue into a balance that converts into WPR equity at your next priced round — like a SAFE, with a cap.
| Input | Agreed value (illustrative) | Notes |
|---|---|---|
| Per player onboarded into WPR | $[ value ] | Counted on verified onboarding into the WPR rating |
| Per federation onboarded into WPR | $[ value ] | Higher unit value — federations are strategic anchors |
| Accrual window | From signing until WPR closes its next priced round (the conversion event) | |
| Conversion | Accrued balance converts to WPR equity at the lower of round price or valuation cap $[ cap ] | |
| Optional total cap | A ceiling on total accrued value, if both sides want the outcome bounded | |
In line with our 18-month commitment, suppose by WPR's next priced round TPS has onboarded 50,000 players and 3 federations.
→ 50,000 × $[ value ] + 3 × $[ value ] = $[ V ] accrued, which converts to WPR equity at the lower of the round price or the $[ cap ] cap. The exact unit values and cap are what we lock on the call — the mechanism is the proposal.
Three things: (1) the agreed $ value per player and per federation, (2) the valuation cap, and (3) the expected timing of your next priced round. With those, this is a one-page convertible.
The flagship. Open Rank is built to power many circuits; the Asian Padel Open Circuit is the first. TPS launches and runs it. WPR's rating seeds it, and WPR's small SAFE tickets help TPS fund the build — but TPS owns the circuit.
A unified competitive circuit for Asia, modeled on the ATP/WTA system — the open alternative to APPT. Independent tournaments keep their identity and economics; they plug into a shared, transparent ranking via Open Rank and compete under one banner. Events tier by prize money; players accumulate points on a rolling 52-week table; WPR's rating seeds every draw. The same Open Rank engine can later power a European Open Circuit, a Middle East Open Circuit, and beyond.
The first tournament type, run under the Asian Padel Open Circuit. To compete, a player must be at least Silver — and each event runs two categories, Amateur and Pro. They tier by prize money:
| Tier | Prize pool (USD) | Typical event | Open Rank points to winner |
|---|---|---|---|
| Open 50 | $500 – $1K | Monthly local | 50 |
| Open 100 | $1K – $5K | Club | 100 |
| Open 250 | $5K – $10K | National | 250 |
| Open 500 | $10K – $20K | Regional | 500 |
| Open 1000 | $20K+ | Major / continental | 1000 |
The principle is fixed: more prize money → higher tier → more ranking points, transparently and openly. Our weekly engine seeds Open 50–100; the region's independents bring Open 250–1000.
The second tournament type. Tournaments restricted to a single level, so a player only ever competes against true peers — never against a pro. Each level band is set by the player's WPR rating, under one of seven labels:
These level-exclusive tournaments feed the {Level} Open Rank (e.g. Silver Open Rank, Platinum Open Rank), each then segmented by country and city. A player doesn't chase one impossible global table; they climb Silver Open Rank · Thailand · Bangkok, then their country, then graduate a tier. That local segmentation is the gamification — everyone has a table they can realistically top.
Play → your WPR rating rises → you climb your {Level} Open Rank in your city → reaching Silver unlocks the Open Tournaments and the Asian Padel Open Circuit → prize-money results push you further → you level up again. Level Tournaments are the on-ramp; the Circuit is the arena you graduate into. Leveling, ranks, and tournaments aren't three features — they're one self-reinforcing loop. This is the ecosystem that makes adoption compound.
A circuit needs a single decisive operator, not a committee — so TPS runs it. WPR doesn't need to own the circuit to win: every event that joins drives WPR rating adoption, which flows straight into the Adoption SAFE (Part B) and converts to WPR's equity in TPS-driven value. WPR captures the upside through adoption, without the overhead of co-ownership.
You asked for a way forward that gives our group peace of mind while respecting your dilution ceiling. This is it: start the rating partnership now with zero dilution, accrue our equity as we deliver real adoption, and launch the Asian Padel Open Circuit so independent Asia finally has an alternative to APPT. Small SAFE tickets in, a big Adoption SAFE out — SAFEs both ways, and nothing dilutes until your raise opens the room.
Nestor & the TPS team are ready to jump on a call any day this week. Tell us what works around your travel.