 | Pichi Finance (PICHI)IDO IEO   Pichi Finance is the first trustless points trading protocol, enabling users to trade points from their favorite protocols before TGE. Conventionally, points are stored off-chain and tied to wallet addresses, limiting their tradability on an open market. Seed Round: $2.5M IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Pichi Finance
Pichi provides significant design improvements to the process of trading points by leveraging ERC-6551 Accounts (also called Tokenbound Accounts). These are wallets owned by NFTs and selling the NFT entails transferring ownership of the associated wallet along with any accrued points.
Users can create a Michi Wallet NFT and deposit tokens that earn points into the associated ERC-6551 wallet. Once points accumulate in the wallet, users can withdraw the points-earning tokens and sell the Michi Wallet NFT, effectively selling the accrued points.
This model provides several advantages:
- No collateral is required from the buyer or seller; the sale process mirrors that of trading an NFT.
- The trading process is completely trustless.
- Once the sale is accepted, the trade is guaranteed; the seller cannot retract from the sale and the buyer receives full custody of the points in question.
Pichi enables users to earn points securely while gaining access to a liquid market for trading these earned points.
DetailsIDO (DAOmaker Launchpad): Jul 29, 2024 - Aug 03, 2024IEO (Gate Launchpad): Aug 17, 2024 - Aug 19, 2024 Token supply: 1,000,000,000 PICHI Hard cap: 2,500,000 USD Raised: 2,500,000 USD LegalBlockchain Platform: EthereumRegistration country: United States Registration year: 2024 | Token infoTicker: PICHIType: Utility-token Token standard: ERC-20 Token price in USD: 1 PICHI = 0,025 USD Accepted currencies: USDT Token distribution: 18% - Team 5% - Airdrop 1 20% - Investors 15% - Ecosystem 1% - Public Sale 34% - Liquidity Incentives 7% - Partnerships |
Pichi Finance Roadmap
- Hackaton project deployed to Arbitrum One with initial Pendle integration. Placed top 3 out of 75 projects.
Launched MVP
- Full application launch on Arbitrum with in-app marketplace and airdrop claming
V1 Launch
- Target new points programs to enable trading on day 1 and creation ov vaults to earn yield and points together
New Points and DeFi Integrations
- Support points trading on other EVM networks via cross-chain messaging
Expand to other EVM chains
Project team
Advisors
Social media
MVP
