🚀 Particle (PTC): Redefining DeFi with Permissionless Leverage Trading 📈
🚀 Let's dive into key features and potential of #PTC in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Particle (PTC) is an innovative ecosystem designed for permissionless leverage trading and interest rate swaps. Built on the Base blockchain, it aims to push the technological envelope within the DeFi space. PTC’s primary use case is facilitating cross-chain transactions.
2️⃣ Technology and Features: Particle introduces original protocols that enable liquidity restaking and leverage trading. Its system relies on timestamping transactions using cryptographic proof-of-work functions to prevent double-spending and maintain transaction order.
3️⃣ Whitepaper Analysis:
• Timestamping Mechanism: Ensures security and chronological order for transactions.
• Mining and Consensus: Mining adds new transactions to the blockchain.
• Cross-Chain Transactions: PTC facilitates seamless cross-chain transactions.
• Meritocratic Participation: Token-centric models encourage user engagement.
• Decentralization: Supports a permissionless environment for contributors.
4️⃣ Use Case: Particle’s primary use case is enabling permissionless leverage trading and interest rate swaps. The PTC token plays a crucial role in cross-chain transactions and incentivizing participation within the ecosystem.
5️⃣ Team and Leadership: Specific details about Particle’s team are not readily available.
6️⃣ Partnerships: Particle is backed by Polychain Capital, Nascent, Arthur Hayes, DCF, Naveen, FLC and many more.
7️⃣ Security and Audits: Particle’s security measures and audit history are not explicitly documented.
8️⃣ Tokenomics:
• Total Supply: 200.00 Million PTC Token.
• Circulating Supply: 36.36 Million PTC Token.
9️⃣ Exchanges: PTC tokens can be traded on centralized exchanges like Bybit, Gate.io, and Thruster V3.
🔟 Conclusion: Particle (PTC) presents an intriguing approach to DeFi with its focus on leverage trading and cross-chain transactions.
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🎉 Particle Network has just secured $15.00M in its latest funding round! 🎉
🔹About: Particle Network is a modular Layer-1 blockchain designed to address the complexities and fragmentation of the current Web3 ecosystem. Particle Network initially started as a Wallet Abstraction service provider, enabling users to create smart contract wallets linked to their Web2 social accounts. These wallets can then be used natively within dApp-embedded interfaces. The project’s goal is to solve the issue of Web3’s fragmentation of users and liquidity across chains. With over 17 million wallet activations, 10 million user operations, and more than 900 dApp integrations, Particle Network has gained significant traction. Its modular L1 blockchain coordinates Universal Accounts and Liquidity, allowing users to have a single address and balance across every chain and pay for gas in any token. Key features include Universal Accounts, Universal Liquidity, and Universal Gas. 🚀🌐
🔹 Lead Investors: Binance Labs, The Spartan Group, HashKey Capital, Animoca Brands, Morningstar Ventures and many more.
🔹 Total Raised: $23.80M.
🔹 Project Category: Modular Layer-1 Chain, Account Abstraction.
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