Pichi Finance launches PCH token on Gate.io and MEXC, revolutionizing trustless points trading.

From Investing.com

August 15, 2024 9:30 PM:

Pichi Finance announces the launch of its utility token, PCH, on Gate.io and MEXC, available for trading on August 19, 2024. The Token Generation Event (TGE) will feature a revenue sharing mechanism. The success follows the completion of a $2.5M Seed Fund Raise led by UOB Venture Management, Signum Capital, and Mantle Network.

Pichi Finance is revolutionizing trustless points trading through the ERC-6551 standard, enabling secure trading of points across protocols. The PCH token offers revenue sharing opportunities through transaction fees and DeFi Integrations on Pichi. The project aims to build a robust points infrastructure for users and projects, enhancing liquidity in the ecosystem.

Investors, including UOB Venture Management, Signum Capital, and Mantle Network, support Pichi Finance’s roadmap to enable trustless points trading and enhance liquidity in the ecosystem. The investment allows for the development of new points programs, vaults for earning yield and points, and expansion to other EVM Chains.

Pichi Finance is set to launch on Arbitrum and the Mantle Network, leading Layer 2 technologies enabling secure exploration and building. The protocol allows users to trade points pre and post-TGE from protocols like EigenLayer, Ether.Fi, and HyperLiquid. Pichi leverages ERC-6551 Accounts for secure, transparent, and trustless points trading.

Pichi Finance’s Founder Wesley Tang highlights the PCH token as the backbone of their tech stack, redefining the value of points in DeFi. The revenue sharing mechanism and points trading protocol aim to deepen user engagement and ecosystem growth. The team will participate in a Twitter/X Spaces discussion on August 16, 2024, 4:00 PM UTC to showcase their innovative approach.

Pichi Finance is transforming the DeFi space by introducing an innovative ERC-6551 account solution for trustless points trading. The platform enables price discovery for tokens before and after the Token Generation Event (TGE), offering users the flexibility to seamlessly trade points from their preferred protocols.

Read more at Investing.com: Pichi Finance Launches PCH Token on Gate.io and MEXC, Boosts Ecosystem Growth By Chainwire