Pencils Protocol Launches $DAPP on Bounce Launchpad
Bounce Brand is excited to partner with Pencils Protocol, the next-gen decentralized platform that offers unified and leveraged yield aggregation and auction services for blockchain native assets and RWAs. Pencils Protocol is launching their native token $DAPP on Bounce Onchain Launchpad. Three auction pools will be live simultaneously at 10AM UTC on September 22nd, lasting for 48 hours. Let’s dive into more details about the $DAPP Token Launch.
What is Pencils Protocol?
Pencils Protocol, the next-gen decentralized platform that offers unified and leveraged yield aggregation and auction services for blockchain native assets and RWAs. By integrating with top LRTs & LSDs from both ETH and BTC ecosystems, Pencils Protocol unifies DeFi, AI, and FHE within a single platform, being the Native Gateway for Yields and Multilayer Rewards.
Pencils Protocol’s core products include:
- Farming & Vaults: unified and leveraged yield aggregation services for asset utilization maximization;
- Auction & Shops: auction services for blockchain native assets and platform for non-standard assets such as NFT, nodes and RWAs.
$DAPP Token Launch Details
1) Fixed-Price Pool
Pool Page: https://app.bounce.finance/pencils-protocol
Time: 9/22/2024 10AM UTC ~ 9/24/2024 10AM UTC
Pool Supply: 33334 $DAPP
Total Value: $50000
Swap Ratio: 1 $DAPP = 0.000586 ETH
Hard Cap: 1 ETH
Token Release Schedule: 40% distributing at 9AM UTC on 9/27/2024, then vesting for the following 6 months with 10% unlock per month.
2) $AUCTION Staking Pool
Pool Page: https://app.bounce.finance/pencils-protocol-staking
Time: 9/22/2024 10AM UTC ~ 9/24/2024 10AM UTC
Pool Supply: 26667 $DAPP
Total Value: $40000
Guide: https://docs.bounce.finance/auction-user-guide/staking-auction-guide
Token Release Schedule: 40% distributing at 9AM UTC on 9/27/2024, then vesting for the following 6 months with 10% unlock per month.
*Note: The $AUCTION Staking Pool is time-weighted. The earlier and the more $AUCTION you stake, the more $DAPP allocation you’ll get.
3) Bounce Booster Whitelist Pool — Exclusive to Bounce Booster users who have Booster Points
Pool Page: https://booster.bounce.finance/project/pencils-protocol
Time: 9/22/2024 10AM UTC ~ 9/24/2024 10AM UTC
Pool Supply: 6667 $DAPP
Total Value: $10000
Swap Ratio: 1 $DAPP = 0.000586 ETH
Guide: https://docs.bounce.finance/auction-user-guide/fixed-price-auction-guides/participate-in-a-fixed-price-auction
Token Release Schedule: 40% distributing at 9AM UTC on 9/27/2024, then vesting for the following 6 months with 10% unlock per month.
Why $DAPP?
$DAPP is the backbone of the Pencils Protocol, serving as the key to governance, auction collateral, and Point System rights mapping. It notably prioritizes community engagement and value creation over dividend payments, meaning it doesn’t pay dividends.
In Pencils Protocol, $DAPP is used for:
- Governance
- Token Farming
- Auction Platform Collateral
- Vaults Privileges
- Expansion of Financial Services
- Point System Rights Mapping
- Virtual Shop
- Buy-back
$DAPP Tokenomics
About Bounce Brand
Bounce Finance is a decentralized platform dedicated to innovating and fulfilling the evolving needs of the Web3 space. Established in 2020, Bounce Finance is known for offering Auction-as-a-Service, an onchain auction protocol empowering Launchpad services and permissionless auctions for tokens, NFTs and RWAs.
Links👇
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