Pinkslip Finance, an online drag race game with Decentralized Finance (Defi) components, has announced the public sale of its token. The event that will take place on August 25 will kick off at 1600 UTC. Subsequently, Pinkslip Finance will list the token on Uniswap V2.
The move follows the project’s recent completion of its successful Seed Sale phase. Pincubator.io handled the sale that saw investors snap up the offer in a record time of fewer than 24 hours. During the Public Sale, Pinkslip will be seeking to raise 500 Ethereum( ETH). The project will provide initial liquidity totaling 30% of the funds it’ll have raised.
Aiding Mass and Retail Adoption
Interested parties can invest a minimum of 0.1 ETH and a maximum of 3.0 ETH. 1.0ETH will exchange for 8727 Pinkslip tokens ($ PSLIP). And on the listing, the same will fetch you $PSLIP. Twelve million $PSLIP will be on offer. Should investors fail to take up all the tokens, the project will send the remainder to its staking pool.
Pinkslip employs NFT Technology. This feature is central to the project’s ambitious plans within the GameFi Sector. It looks to attain market dominance in this space, and NFTs with their gamification properties are its ticket.
NFTs are an easy and fun way of learning about and investing in cryptos. They are, therefore, the perfect medium for pushing crypto adoption. And Pinkslip sees itself as a crucial player in aiding mass and individual crypto adoption by bringing together Gaming, NFT, and Defi.
Play to Earn Model
GameFi is a developing niche in the cryptocurrency space. It operates a play-to-earn model where users earn profits by playing games. Notwithstanding its niched aspects, it’s full of promise. Axie Infinity, a leading crypto gaming platform on the ETH blockchain, made over $220 million in a month. Pinkslip Finance seeks space within the GameFi community helping and contributing to its development.
$PSLIP Pinkslip Finance’s native token is an ERC 20 token. It powers the project ecosystem. Gamers can use it to acquire the NFTs they need. Other adapters may earn in it for staking their $PSLIP.
Users have a choice of three separate NFTs. Each is unique, giving you different chances of winning a drag race. However, the platform uses true randomness to pick winners.
The rarest NFTs afford you a greater chance at winning. The three pioneering NFTs are :
– Gold NFT: 70% chance of winning the drag race.
– Silver NFT: 50% chance of winning the drag race.
– Bronze NFT: 30% chance of winning the drag race.
On tokenization, the project will have a lifetime supply of 30 million $PSLIP. It sets aside 40% of these for staking rewards. Another 40% goes to its public sake and listing. Finally, it distributes the remaining 20% equally between the Core Team, Advisors, Marketing, and Development.
Pinkslip Finance’s choice of pimcubator.io to handle its Seed Sale is telling. The latter is a top-notch crypto incubator with a track record of chaperoning projects to successful launches. Their expertise remains unparalleled within the crypto industry. To get more information on the public sale, be sure to check Pinkslip Finance’s website, Twitter or join their Telegram.