Pine Price (PINE)

The Pine Protocol comprises a set of smart contracts deployed on multiple blockchains including Ethereum, other EVM (Ethereum Virtual Machine) chains, Solana and more.

Pine Protocol - blockchain infrastructure for asset-backed loans. Pine Platform will function as a decentralized marketplace for lenders and borrowers using non-fungible tokens (NFTs) as collateral for instant permission-less loans; built on top of the Pine Protocol.

$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.

IDO will be on Impossible Finance. Details:

Subscription Timeline:

• KYC Preparation Period: Rolling ongoing basis. Users can submit their information and pass KYC anytime during the entire IDO timeline. Only users that have completed KYC & are from accepted countries will be able to participate in this sale.
• Staking Period: 17/11/2022 10:00 AM (UTC) to 06/02/2023 10:00 AM (UTC). After completing KYC, stake IDIA and vIDIA into Impossible’s Launchpad staking contract which will record user’s staked IDIA and vIDIA balances. User’s IDIA and vIDIA balance will be captured on-chain, and allocation is calculated based on the amount staked and the length of time staked relative to all participating users.
• Purchase Period: 06/02/2023 2:00 PM (UTC) to 08/02/2023 2:00 PM (UTC). Subscription will open at this time for all eligible users for 48 hours. Users may elect to purchase any amount of PINE up to the allocation derived from the staking period.
• Claiming Period: No earlier than 09/02/2023. Exact timing and details to be confirmed by Pine Protocol closer to the time. Users will be able to claim their PINE tokens on the Impossible Launchpad.

Token Sale Details

• Token Ticker: PINE
• Launchpad Sale Hard Cap: US$268,000 (split into multiple pools)
• IDIA Standard pool: US$13,000 (5%)
• vIDIA Standard pool: US$120,000 (45%)
• vIDIA Unlimited pool: US$95,000 (35%)
• Whitelist allocation: US$40,000 (15%)
• Token Vesting: 100% distributed on day 1
• Buy-back Protection Program: 75% downside protection from public sale price (details to be announced later)
• Day 1 Circulating Market Cap: 1,400,000 (0.7%)
• Total Token Supply (TTS): 200,000,000 PINE
• TTS Allocated to Impossible Launchpad: 0.67%
• Public Sale Token Price: 1 PINE = 0.2 BUSD
• Listing Price: US$0.2
• Token Sale Format: Staking Subscription
• Sector: DeFi & NFT
• Supported Staking Tracks: IDIA and vIDIA staking only
• KYC requirements: Residents from countries or regions such as US, Mainland China, and UN-sanctioned countries are excluded from participating.

Pine(PINE) token pre-sale platform

• Gate.io Startup: www.gate.io
• Impossible Finance: app.impossible.finance