Pinkslip Finance, a relatively new project, aims to make the most of gaming and decentralized finance. The pioneering platform includes drag racing to DeFi’s most dominant trait, staking.
Drag racing is a famous sport that features films like Fast and Furious that is attracting a lot of interest in the current generation. In addition, there are many games on the market today that incorporate the same thing.
Pinkslip hopes to provide an exciting experience for all users by maximizing the fun they have by participating in the platform. It also aims to provide participants with the best possible income through passive income.
DeFi’s technology helps eliminate the intermediaries present in centralized finance. As a result, users can happily enjoy the convenience of peer-to-peer interaction. This factor alone saves time and fees that would otherwise have been high.
The upcoming public token sale
The platform recently announced its plans to start 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 in the form of an ERC-20 token on the Ethereum blockchain. 30% of the funds raised from the token sale will provide 30% of the initial liquidity required.
The distribution of the tokens is as follows:
- 40% for staking rewards
- 40% for sale and listing
- 5% for consultants
- 5% for marketing
- 5% for development
- 5% for the core team
The amount that goes to consultants, marketing, development and the core team must be blocked for 12 months.
Pinkslips goal is to collect 500 ETH during the event, which is scheduled to start on August 25th at 16:00 UTC. The minimum amount for participation in the public sale is 0.1 ETH, while the maximum amount is 3 ETH; 1 ETH will cost $ 7,272 PSLIP.
If it hits the maximum during the public sale, the circulating offer will stay at 12 million tokens. All unsold tokens go to the staking pool, which is not accessible in the first few weeks. The whole point of this process is to give everyone a fair chance to get a staking pass.
Participation in Pinkslip Finance
Pinkslip differs from other platforms by bringing together NFTs, DeFi and gaming under one roof. It’s part of a new but promising branch of crypto called GameFi. In addition, unlike many other projects in the market today, it offers a benefit for NFTs. Having all these components up your sleeve offers a bright future for all potential users.
The platform gives users three types of NFTs to choose from with different odds. The first is a gold NFT with a 70% chance of winning, a silver NFT with a 50% chance and finally the bronze NFT with a 30% chance. All categories can be purchased at an initial price that increases over time.
To take part in a drag race, you need three cars of any rank to start. Pinkslip exercises principles of randomness during the drag race to remove bias and give everyone an excellent chance to win despite their NFT. A key point is that you can only buy the NFTs with the $ PSLIP token. All token purchases are split 50% into the staking pool and 50% into research and development.
Earn a staking pass
Achieving passive income relies heavily on the drag race, as this is how the NFTs required for staking can be acquired. To get a pass into the staking pool, you need to amass 20 NFTs, which the platform will burn into a staking pass.
You can take your tokens from the pool at any time. The staking pass, however, is a one-time ticket to the staking pool that burns and ends as soon as you withdraw your tokens. Therefore, you will have to start the drag race again to earn another staking pass.
One way to avoid the drag race is to buy the staking pass directly. its price will increase over time, similar to the NFTS.
A bright future for a young project
Pinkslip Finance has a variety of plans for the future including redesigning the website for additional user entertainment and marketing approaches. Special events, including the increasing rarity of NFTs.
Regardless, Pincubator is incubated on its immediate list. The latter hosted Pinkslip’s semen sale, which ended in less than 24 hours. The platform has an active community at Telegram that will keep you up to date with any upcoming gimmicks. Also, make sure to join Pinkslip’s growing community here.