Pencils Protocol has launched another new product section, Auction, which indicates the further improvement of the ecological map. The launch of this section is extremely important both for the Pencils Protocol itself and the Scroll ecosystem.
The community is becoming an important force in leading the development of the crypto market
Since DeFi Summer, the rise of the on-chain world has been considered a milestone and an important revolution in the crypto industry. In this process, with the continuous improvement of facilities, the community has gradually become an important role in the industry and gradually moved to the center of the industry stage.
In essence, the community is a collection of crypto market users. It is a spontaneous, decentralized organization. Anyone can join the community and become a member of the crypto community. In the new industry stage, the community is the industry's largest gathering place for attention value, funds, and users. As the crypto industry continues to expand outward, the scale and energy of the crypto community are growing and becoming more united. In fact, from the perspective of the past two market cycles, whether it is the NFT outbreak, the last round of meme wave, the inscription craze, or the current round of meme wave, they are actually inseparable from the promotion of the community.
Since the inscription wave, the community has been constantly weakening the voice of VC and CEX. Under the new market rules, the community is becoming an important leader in the crypto market. This may be the inevitable result of the rise of the on-chain world and the awakening of decentralized consciousness. Therefore, at this stage, it is essential for crypto projects to face the market and the crypto ecosystem to usher in early prosperity and establish effective links with the community and obtain support.
Auction, the key to Pencils Protocol's new round of explosion
Decentralized LaunchPad is playing an important role in the post-crypto era. It is an important channel for high-quality projects to establish links with direct community users before the ecosystem is launched. Especially with the continuous improvement of on-chain infrastructure, the on-chain LaunchPad is becoming more and more democratic, fair, transparent and decentralized, which further promotes the trust of community users in LaunchPad as a startup method.
Compared with various disordered Free Mints, LaunchPad is more capable of screening high-quality projects and becoming an important channel for community users to make value investments. It is also an important channel for high-quality projects to capture early sticky and loyal users, build early communities, and empower them to enter the market.
Pencils Protocol is the leading comprehensive DeFi protocol in the Scroll ecosystem. In the early stage, by launching the Farming and Vaults product sections, it achieved a new record of $400 million TVL growth on the Scroll chain in a short period of time, and attracted more than 700,000 active users, constantly ushering in highlights. In the new stage, for Pencils Protocol, the launch of the Auction product may be the key to promoting a new round of explosion in the ecosystem.
Pencils Protocol's Auction is a product segment with LaunchPad function as its core. It can provide various token auction methods such as English auction, Dutch auction, fixed price auction, batch auction and LBP, and more comprehensively support high-quality projects in the Scroll ecosystem to use it as a springboard to capture funds, users, attention and market resources from the Scroll ecosystem.
At the same time, the projects launched on Auction adopt a unique listing strategy, that is, the projects launched on Auction are presented to the market with a valuation far lower than the actual valuation, thereby ensuring that all participating users can achieve profitability. The concept of Auction's LaunchPad is community-first, and anyone can join in a way similar to Fair Lauch. In order to ensure fairness and feasibility, Auction is based on the ZK solution at the bottom of Scroll to maximize fairness and credibility.
Scroll An important channel for linking ecological quality projects with the community
Pencils Protocol is the largest user pool and traffic pool on Scroll. In the early days, it accumulated a huge community user group. For the user side, the potential wealth effect of Auction is an important channel for users to explore early opportunities from the Scroll ecosystem, capture ecological value, and earn income from the early market. Through the Auction section, it can establish an organic link between these users and high-quality projects on Scroll to maximize value while continuously generating value growth.
On the Scroll ecosystem project side, Pencils Protocol's Auction has launched a new Ecosystem Hub (ECO) to provide market-oriented resource support for high-quality projects and power the project's sustained and long-term development. Any member who joins Auction ECO will be able to leverage shared resources and strategic partnerships to create a strong support network for emerging projects. By combining the power of early project search, public chain fund support, global KOL access, marketing services, security audits, token sales, and venture capital resource integration, the market position and competitive advantage of ECO members will be enhanced.
For project parties, the ecological hub provides funding and growth resources covering major public chains, and provides one-stop support for project launches, including KOL promotion, community building, cross-chain integration, contract auditing, market making services, listing on top exchanges, VC docking, etc.
Linking with the LaunchPad section, ECO not only improves the efficiency of project launches and reduces promotion costs, but also ensures that the experienced investment team within the ECO Alliance provides valuable consulting support to guide projects to develop optimal launch strategies and risk management. Pencils Protocol officially announced its lineup within the Ecosystem Center, and we are excited to deepen our relationship with partners who are committed to nurturing and expanding high-quality early blockchain projects.
Therefore, the Auction section is not only the first choice for Scroll ecosystem users to capture and discover high-quality projects, but also an important window for high-quality projects on Scroll to establish links with the community, capture early users, achieve early launch, and even better face the market. With Pencils Protocol as an important aggregation income platform and liquidity hub on Scroll, the value system of Pencils Protocol will continue to form a cycle and form a flywheel of value growth.
Accumulating power for the explosion of DAPP token
The DAPP token is the most important asset in the Pencils Protocol ecosystem. It not only represents rights and interests, such as holding and staking, and obtaining a series of ecological rights and interests (LaunchPad quota priority allocation, new discounts, etc.), but also the operation of the ecological value system. Multiple sectors will continue to empower the DAPP token and continuously accelerate the destruction of the DAPP token to achieve value concentration and growth. At present, the market value of the DAPP token is only 2 million. Whether from the perspective of the protocol value narrative, the ecological aspect, or the ecological niche of the Scroll and DeFi market, it is verified to be underestimated. Similarly, the continuous ecological progress is also accumulating power for the Pencils Protocol's DAPP token to be launched on the top of the top.
Overall, the Pencils Protocol ecosystem is now fully prepared except for the favorable conditions, and this favorable condition is the Auction sector. Its launch will become the fuse to promote a new round of growth for the Pencils Protocol, and will also be an important benefit for the DAPP token and the Pencils Protocol.
From the perspective of the Scroll ecosystem, the launch of the SCR token is an important sign of the full launch of the ecosystem, but the ecosystem is still in its early stages of development. In the new industry stage where the community leads the market, what is the Scroll ecosystem currently lacking the most? Perhaps a LaunchPad launcher with a wealth effect.
Therefore, the launch of Auction by Pencils Protocol fills the gap in the LaunchPad field of the Scroll ecosystem and is particularly critical to the development of the Scroll ecosystem. By becoming an important launchpad for the Scroll ecosystem, it will become an important component to promote the early prosperity of the Scroll ecosystem and form a more cohesive community. The two ecosystems will also establish a long-term mutually beneficial and symbiotic deep binding relationship.
