, a trustless points trading protocol offering price discovery to tokens Pre and Post-TGE, has announced the launch of its utility token,and is available for trading from August 19, 2024, 16:30 UTC. This Token Generation Event and CEX listing follows the conclusion of the token’s public sale on Dao Maker.
The Pichi token will allow holders to take part in potential revenue sharing with the project. The protocol’s main revenue stream is through transaction fees and DeFi Integrations on Pichi, and positions the protocol at the forefront of building points infrastructure for users and projects alike.USD$2.5 million Seed Funding Round
The investment enables Pichi Finance to target new points programs to enable trading on day 1, to create vaults which can allow users to earn yield and points together, and to expand to other EVM Chains.Pichi Finance is the first trustless points trading protocol, enabling users the ability to trade points from their preferred protocols like EigenLayer, Ether.Fi, and HyperLiquid before TGE.
Users can create a Pichi Wallet and deposit tokens that can earn points into the associated ERC-6551 wallet. Once points accumulate in the wallet, users have the ability to withdraw the points-earning tokens and sell the Pichi Wallet, effectively selling the accrued points. By leveraging ERC-6551 accounts, Pichi Finance aims to unlock tradability by providing a trustless, transparent, and secure method for users to be able to trade points before and after the TGE.
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