🌟 Pichi Finance (PCH): Revolutionizing Points Trading in DeFi 🌟
🚀 Let's dive into key features and potential of #PCH in this captivating thread! 🧵👇
1️⃣ Introduction: Pichi Finance is a trustless points trading protocol allowing users to trade points from various protocols before token generation events (TGE). Using ERC-6551 accounts, Michi Wallet NFTs let users transfer ownership of wallets containing point-earning tokens, creating a seamless and collateral-free trading process.
2️⃣ Technology: Leveraging ERC-6551, Pichi Finance enables NFTs to function as wallets, holding and transferring points securely. The Michi Wallet NFT plays a central role, ensuring trustless trades where accepted sales cannot be reversed, providing certainty to both buyers and sellers.
3️⃣ Whitepaper Highlights: Pichi Finance emphasizes trustless trading with no need for collateral, integrates ERC-6551 for NFT-based wallets, and supports multiple protocols for a unified marketplace, enhancing liquidity and reducing entry barriers.
4️⃣ Use Case: The platform allows users to monetize points before TGE through PCH tokens, used for transactions and incentivizing participation. Users earn points by depositing tokens into Michi Wallet NFTs and trading them on the marketplace.
5️⃣ Team: Founded by David Zhu, Eric Zhu, and Wesley Tang, Pichi Finance’s leadership brings deep expertise in blockchain, DeFi, and NFTs. Their vision is backed by $2.5 million in seed funding, driving innovation and growth.
6️⃣ Partnerships: Collaborations with leading protocols like Eigenlayer, Renzo, and Kelp DAO enable support for various points, enhancing liquidity and trading opportunities within the ecosystem.
7️⃣ Security: Regular audits, smart contract testing, and the secure nature of ERC-6551 accounts ensure that Pichi Finance operates with robust security measures, safeguarding user assets.
8️⃣ Tokenomics: With a total supply of 1 billion PCH tokens and 121 million in circulation, the distribution model incentivizes early adoption and rewards participation, promoting sustainable growth within the ecosystem.
9️⃣ Exchanges: PCH tokens are available on multiple centralized exchanges Gate.io, MEXC, ensuring liquidity and easy access for users to trade and participate in the platform.
🔟 Recent Developments: Pichi Finance has integrated ERC-6551, expanded partnerships, and launched community initiatives to drive engagement and participation, showcasing its commitment to continuous innovation.
1️⃣1️⃣ Conclusion: Pichi Finance is transforming the points trading market by offering a trustless, secure, and innovative solution. With its unique use of ERC-6551, strong team, and expanding partnerships, the platform is set to lead the way in DeFi.
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