Tuesday, May 30, 2023
  • Home
  • Crypto
  • DEFI
  • NFT
  • Press Release
  • Contact Us
No Result
View All Result
No Result
View All Result
Home Press Release

Pinkslip Finance Plans to Launch A Public Token Sale on Uniswap V2

Alverta O'Conner by Alverta O'Conner
August 19, 2021
in Press Release
0
Pinkslip Finance Plans to Launch A Public Token Sale on Uniswap V2
629
SHARES
3.5k
VIEWS

Pinkslip Finance, a relatively new project, wishes to make the best out of gaming and decentralized finance. The forward-thinking platform incorporates drag racing to DeFi’s most dominant feature, staking.

Drag racing is a famous sport that features movies such as Fast and Furious, which spikes a great interest in the current generation. Furthermore, there are many games in the market today that integrate the same.

You might also like

Symbiosis Adds Arbitrum Nova to Expand DeFi Connectivity

Symbiosis, the innovative cross-chain DEX, now launches its token on the zkSync chain

Tune.FM’s New Music NFT Marketplace Will Disrupt the Music Industry

Pinkslip hopes to create an exciting experience for all its users by maximizing the fun they derive from participating on the platform. Besides, its objectives veer towards providing the best possible earnings for participants through passive income.

DeFi’s technology helps to clear out the intermediaries present in centralized finance. As a result, users can happily enjoy the comfort of peer-to-peer interaction. This factor in itself saves time and fees that would have otherwise been high.

The Upcoming Public Token Sale

The platform recently announced its plans to launch a public token sale on Uniswap V2. On the market will be its native token, $PSLIP, which has a limited supply of 30 million tokens. The token is built on Ethereum’s blockchain in the form of an ERC-20 token. 30% of the funds raised from the token sale will provide 30% of the initial liquidity required.

The tokens’ distribution will be as follows:

  • 40% for staking rewards
  • 40% for sale and listing
  • 5% for advisors
  • 5% for marketing
  • 5% for development
  • 5% for the core team

The amount going to advisors, marketing, development, and the core team has to undergo vesting for 12 months.

Pinkslip’s objective is to raise 500 ETH during the event, meant to kick off on August 25 at 16:00 UTC. The minimum amount to join the public sale is 0.1ETH, while the maximum stands at 3 ETH; 1 ETH will go for 7272 $PSLIP.

If it manages to max out during the public sale, the circulating supply remains at 12 million tokens. Any unsold tokens will go into the staking pool, which will be inaccessible for the first few weeks. The whole point of this procedure is to give everyone a fair fighting chance to earn a staking pass.

Participating in Pinkslip Finance

Pinkslip differentiates from other platforms due to the merging of NFTs, DeFi, and gaming under one roof. It is a part of a new yet promising branch of crypto referred to as GameFi. Moreover, it is offering utility in NFTs, unlike many other projects in the market today. Having all these components up its sleeve presents a bright future for all its potential users.

The platform presents users with three types of NFTs to choose from, with different chances of winning. The first is a gold NFT with a 70% chance of winning, a silver NFT with a 50% chance, and lastly, the bronze NFT with a 30% chance. All the categories are available for purchase at an initial price that will increase as time goes by.

To participate in a drag race, you need three cars of whichever rank to kick off. Pinkslip exercises randomness during the drag race to eliminate bias, giving everyone an excellent chance to win despite their NFT. A crucial point to note is that you can only buy the NFTs using the $PSLIP token. All token purchases will be divided into 50% going to the staking pool and 50% to research and development.

Earning A Staking Pass

Earning passive income highly depends on the drag race as that is how to acquire the NFTs required for staking. To get a pass into the staking pool, you need to amass 20 NFTs, which the platform burns into a staking pass.

You can withdraw your tokens from the pool at any time. However, the staking pass is a one-time ticket into the staking pool that burns once you withdraw your tokens, hence terminating it. Therefore, you will have to start the drag race again to earn yourself another staking pass.

A way to avoid the drag race is buying the staking pass directly; its price will spike over time, similar to the NFTS.

A Bright Future for A Young Project

Pinkslip Finance has a myriad of plans for the future, including revamping the site for extra user entertainment, marketing approaches. Special events, the increased rarity of NFTs, among others.

Notwithstanding, on its immediate list is getting incubated by Pincubator. The latter was the host of Pinkslip’s seed sale that ended in under 24 hours. The platform has an active community on Telegram that will keep you up to date with all its upcoming shenanigans. Furthermore, make sure to join Pinkslip’s growing community here.



Post Views:
98

Related Stories

Previous Post

VcashPay Has The Best Services In-Store For Virtual Payments And Trading

Next Post

Gen-Earth, A Platform for NFT Blockchain with Virtual Land

Alverta O'Conner

Alverta O'Conner

I’m a highly experienced and well-respected author in the cryptocurrency field. I have written numerous articles and books on the subject, and my work is highly sought after by both industry insiders and regular investors alike. Cryptocurrency is a relatively new and complicated field, but I can make the complex concepts easy to understand for even the novice investors. My writings would be beneficial for anyone looking to get serious about making money in this exciting new market. In addition to my writing, I’m also an active investor myself, and have made a significant profit from investing in cryptocurrencies. I frequently speak at investment conferences and seminars to share my knowledge on the market with fellow investors.

Related Posts

Press Release

Symbiosis Adds Arbitrum Nova to Expand DeFi Connectivity

by Alverta O'Conner
May 25, 2023
Symbiosis, the innovative cross-chain DEX, now launches its token on the zkSync chain
Press Release

Symbiosis, the innovative cross-chain DEX, now launches its token on the zkSync chain

by Alverta O'Conner
May 17, 2023
Tune.FM’s New Music NFT Marketplace Will Disrupt the Music Industry
Press Release

Tune.FM’s New Music NFT Marketplace Will Disrupt the Music Industry

by Alverta O'Conner
May 4, 2023
How ReneVerse’s “Borderless Gaming” Brings Asset Interoperability to Life. How ReneVerse’s blockchain-based asset interoperability technology makes “Free Guy” a reality
Press Release

How ReneVerse’s “Borderless Gaming” Brings Asset Interoperability to Life. How ReneVerse’s blockchain-based asset interoperability technology makes “Free Guy” a reality

by Alverta O'Conner
May 2, 2023
TABOO finalising lucrative deal with an ex-JP Morgan superstar while $TABOO token grows by 1000%+ in Q1
Press Release

TABOO finalising lucrative deal with an ex-JP Morgan superstar while $TABOO token grows by 1000%+ in Q1

by Alverta O'Conner
April 28, 2023
Next Post
Gen-Earth, A Platform for NFT Blockchain with Virtual Land

Gen-Earth, A Platform for NFT Blockchain with Virtual Land

  • Why must you pick a white label crypto exchange solution than developing a new one?
  • Bitcoin Product Demos During the Halving – Bitcoin Magazine
  • Whitelabel Cryptocurrency Exchange platform and it’s 4 salient features!
  • Despite Chaos, The Next BTC Price Rally Could Be Spurred By This Little-Known Bitcoin Indicator
    Crypto Pundit reveals what will likely ignite another parabolic Bitcoin Rally ⋆ ZyCrypto
  • Which is Best Crypto Trading Bot Platform?
  • CoinSwap Space first DEX to provide crypto purchases directly onto any non-custodial wallet via Ramp Network

    CoinSwap Space first DEX to provide crypto purchases directly onto any non-custodial wallet via Ramp Network

    3772 shares
    Share 1509 Tweet 943
  • Altseason Pushed Further Back As Top Altcoins Fall Under Bitcoin’s Spell ⋆ ZyCrypto

    3738 shares
    Share 1495 Tweet 935
  • Filecoin and Polygon Deploy Interoperable Bridge To Expedite Web 3 Development

    3545 shares
    Share 1418 Tweet 886
  • The Cost Of Transacting With Bitcoin Has Dropped By Almost 90% Within A Month ⋆ ZyCrypto

    3320 shares
    Share 1328 Tweet 830
  • CoinSwap Opens Up New DeFi Opportunities With Their Certik Approved DEX

    3032 shares
    Share 1213 Tweet 758

About

Cryptoate site is a comprehensive resource for everything related to cryptocurrency and blockchain. We aim to be a one-stop solution for all your crypto and blockchain news and events.

Email: [email protected]

Recent Posts

  • Understanding Smart Contracts: The Foundation of DeFi Lending
  • Discover Staking Risks and Considerations
  • Bug Bounty Program Governance and Policy Frameworks
  • Symbiosis Adds Arbitrum Nova to Expand DeFi Connectivity
  • How Blockchain Can Revolutionize Game Monetization Models

Catagories

  • Mining
  • Crypto
  • Press Release
  • Price Analysis
  • Cryptocurrency
  • Trading
  • Cryptocurrencies
  • Blockchain

Calender

May 2023
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
« Apr    
  • About Us
  • Contact Us

Associated with Blockchain Press Media Network.

No Result
View All Result
  • Home
  • Crypto
  • DEFI
  • NFT
  • Press Release
  • Contact Us

Associated with Blockchain Press Media Network.