Pichi Finance Launches PCH Token On Gate.io And MEXC, Fueling Ecosystem Growth
In Brief
Pichi Finance launched its utility token, PCH, which will be listed on Gate.io and MEXC with trading beginning at 16:30 UTC on August 19.
Trustless points trading protocol, Pichi Finance announced the launch of its utility token, PCH, which will be listed on cryptocurrency exchanges Gate.io and MEXC, with trading set to begin at 16:30 UTC on August 19th.
The newly introduced token will enable holders to participate in potential revenue-sharing opportunities with the project. Pichi Finance’s primary revenue comes from transaction fees and decentralized finance (DeFi) integrations. This positions the protocol as a leading player in developing points infrastructure for both users and projects.
“By using Pichi Finance, participants can farm their favorite airdrops with self-custodial smart contract wallets, earn points, and then list them on Pichi’s Marketplace without compromising their private keys,” said Wesley Tang, founder of Pichi Finance, to Mpost. “By also owning the token, users gain exposure to a revenue-sharing mechanism within the project, fostering growth for both the project and the points ecosystem,” he added.
Pichi Finance Platform Facilitates Points Trading Ahead Of TGE
Pichi Finance represents a DeFi platform designed for trading points associated with various protocols utilizing ERC-6551 accounts. It enables individuals to trade points from various selected protocols, encompassing EigenLayer and Ether.Fi, as well as HyperLiquid, prior to the TGE. The project facilitates price discovery for tokens prior to and after TGEs, allowing for seamless points trading from the chosen protocols.
Points serve as incentives within protocols for activities such as staking, farming, as well as voting, and they are used to track engagement and loyalty of community members to a platform. Additionally, they can be transformed into a share of the project’s airdrop following a TGE.
Users of Pichi Finance have an option to make a Pichi Wallet and deposit funds which generate points into an ERC-6551 account linked to this wallet. As points accumulate, individuals are enabled to withdraw the tokens that earn points and subsequently sell the wallet, thus sending the generated points to a different owner.
“The PCH token is the backbone of our tech stack. With the launch of our Token Generation Event, Pichi Finance is redefining how points are viewed as an integral component of incentives,” said Wesley Tang in a written statement. “Our token will allow users to deepen their involvement with Pichi through revenue sharing and further boost ecosystem growth by enabling more projects with points to be integrated into Pichi, creating a flywheel effect,” he added.
Disclaimer
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
