Pine Protocol (PINE)
Protocol
Pine is a decentralized NFT-backed borrowing and lending protocol.
Start:
Dec 12, 2023 00:00:00
Ended:
Dec 30, 2023 00:00:00
ICO Details
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What is Pine Protocol?
Pine is a decentralized NFT-backed borrowing and lending protocol.
Pine Protocol Unique Features
For NFT Owners, By NFT Lovers
- Access DAOs, earn Airdrops & more: The NFT owner never loses access to the utilities of the NFT even when it is pledged as collateral for a loan.
- Ultimate flexibility: NFTs pledged are transferrable together with the loan obligations.
Anytime, Anywhere
- Amazon Buy-Now, not Craigslist: Loan transactions are permissionless. Borrowers don’t need to negotiate with lenders. Less risk of being scammed.
- Composable with other protocols: Receive your loan amount in another currency or blockchain different from your NFT’s native chain.
Fair for Borrowers & Lenders
- Live Market Data: Permissionless loans based on real-time valuation for NFTs that is fair for borrowers and safe for lenders.
- Quant Valuation Model: More accurate valuation derived by applying statistical analysis on more than just floor or index prices.
Roadmap
Permission -less Borrowing
MainNet BETA launched Nov 2021
Financing and Leasing
Pine now, Pay later launched Mar 2022
Permission -less Lending
For liquidity providers
Token Economy
The native cryptographically-secured fungible protocol token of Pine (ticker symbol $PINE) is a transferable representation of attributed governance and utility functions specified in the protocol/code of Pine, and which is designed to be used solely as an interoperable utility token thereon.
$PINE functions as the native governance token, access token, and economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on Pine, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $PINE is an integral and indispensable part of Pine, because without $PINE, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Pine. Given that additional $PINE will be awarded to a user based only on its actual usage, activity and efforts made on Pine and/or proportionate to the frequency and volume of transactions, users of Pine and/or holders of $PINE which did not actively participate will not receive any $PINE incentives.
Token Distribution
Updating
Token Release Schedule
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Partners & Advisors
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Team Members
Updating
Investors
Sino Global Capital, Amber, Alameda Research, Impossible Finance, Gate Ventures, Spartan, Shima Capital.