Hello everyone, I am Lei Gong. I haven’t talked about projects for several days. Today, I will follow Lei Gong to learn about the project PSTAKE which has a starting value of ten times.
PSTAKE Token Introduction
pSTAKE Finance (PSTAKE) is a liquid staking protocol that unlocks liquidity for staked assets. PoS token stakers can now stake their assets while maintaining liquidity for those assets. When staking with pSTAKE, users can earn staking rewards and receive staked representative tokens (stkASSET), which can be used in DeFi to generate additional yield (yield on top of staking rewards).
Function
With pSTAKE Finance, users can liquid stake BTC, earn rewards from Babylon's Trustless BTC staking to secure other application chains while maintaining its liquidity and backed by institutional custody providers such as Cobo. Earning Bitcoin yields shouldn't be complicated, risky, or unsafe. With four years of expertise in liquidity staking and expertly curated yield strategies, pSTAKE Finance helps individuals and institutions put their BTC to work in BTCfi. pSTAKE Finance has partnered with leading blockchain security companies such as Halborn, Hexens, Oak Security, Immunefi, Forta, and others to provide a secure suite of liquidity staking products.
Team and financing: Tushar Aggarwal is the founder and CEO of Persistence and was previously a partner at Outlier Ventures. Previously, he was a management consultant in the financial services industry and is interested in technology, entrepreneurship, investment, and tennis. Mikhil Pandey is the co-founder of pSTAKE finance. He graduated from the University of Mumbai.
2021-11-16Seed round Galaxy Digital*, DeFiance Capital*, Peak XV Partners*, Three Arrows Capital*, Coinbase Ventures, Spartan Group, Ryze Labs, Lattice Capital, Kraken Ventures raised $10 million
2021-12-16 Public offering round of US$10 million, investment institution not disclosed
2022-5-10 Strategic investment Initiated by Binance Labs, investment amount not disclosed
Token Economy
The total amount of PSTAKE is 500 million and the circulation volume is 473333333. The token has been online for nearly 2 years. The wash has been thorough and the plate is light. At present, the token is close to full circulation. It is a low-market-value currency with 45 million. The explosion space is at least 10 times. Currently, only OKX and some small exchanges are online. The most important thing is that Binance Labs investment research report mentioned this project more than twice. The probability of being listed on Binance in the future is more than 90%. PSTAKE also complies with Binance's listing rules, with high circulation and low market value.
From the perspective of token holdings, 80% of the tokens are held by project smart contracts and large holders. The top 20 addresses hold a total of 413 million PSTAKE, accounting for 82.65% of the total. The tokens are concentrated in the hands of investment institutions and project parties, indicating that the fund-raising is basically completed and is waiting for the release of favorable information. $BNB
Idea: The current price is 0.099, and it can be arranged in batches. It can be arranged as a lottery currency. The profit and loss ratio is very good. It is easy to double it when it is listed on Binance. I think it is okay to get the minimum standard of 10 times in the long term. Binance lists pSTAKE as one of the 4 DeFi protocols with great potential in the BTC ecosystem! The gold content is worth our layout. Leave a message in the comment area about your opinion on PSTAKE! Welcome to like + follow.
