Because the crypto panorama continues to evolve, sure new tokens showcase huge returns, and one such promising challenge is Pencil Undertaking. This new challenge represents a possible goldmine of the digital age, poised to generate a 5000% ROI by 2025. Do you know that this challenge has reportedly offered a 1000% ROI already up to now in 2024?
However what’s actually fueling this bullish outlook? Properly, let’s discover out extra.
Pencil Protocol, previously referred to as Penpad, is the next-generation decentralized platform providing public sale companies for each blockchain-native belongings and real-world belongings (RWAs).
With farming, vaults, and auctions, Pencil Protocol provides modern DeFi options for traders and customers. The challenge’s superior methods for yield optimization and enabling dynamic bidding for high-value belongings within the Web2 and Web3 areas have highlighted Pencil Protocol’s mission to maximise asset utilization inside the DeFi ecosystem. Since its launch in February 2024, Pencil Protocol has develop into one of many high three farming protocols within the ecosystem.
410K+ Lively Customers, $300M+ TVL
Pencil Protocol has reached over 410K energetic customers, reflecting sturdy engagement and adoption. Moreover, with a powerful over $300 million in complete worth locked (TVL), it highlights the substantial liquidity and the challenge’s potential within the DeFi ecosystem. It’s value noting that the challenge is exhibiting vital development potential, suggesting it might expertise substantial will increase in worth and consumer base.
$DAPP, the native token of Pencil Protocol, acts as a central factor. Because the platform claims, it provides staking, rewards, high-leverage privileges, and challenge allocation alternatives. Moreover, it makes use of a deflationary buyback system for its $DAPP token, which goals to cut back token provide over time, doubtlessly rising the token’s worth.
$80M Publish-Cash Valuation & Itemizing on OKX Cryptopedia
Pencil Protocol has not too long ago reached a powerful $80 million post-money valuation after its strategic funding spherical led by Taisu Ventures, Bing Ventures, DePIN, and Black GM Capital, amongst others. This highlights the challenge’s long-term potential.
Beforehand, in mid-Could 2024, high blockchain investor OKX Ventures additionally invested in Pencil Protocol in a strategic funding together with different traders together with Animoca, Presto Labs, Gate Labs, and Sandy Peng (co-founder of Scroll).
Whereas OKX Ventures had earlier invested within the firm, the challenge is now set to be listed on OKX Cryptopedia on Monday. OKX Cryptopedia is a platform by OKX crypto trade that lists $DAPPs and provides reward-earning alternatives for customers. Traditionally, 60% of tasks listed on OKX Cryptopedia ultimately listing on OKX trade, indicating a excessive potential for additional publicity and buying and selling alternatives.
Token Sale on Tokensoft – Dwell on Wed, September 18
Based on knowledge, the $DAPP token sale for Pencil Protocol is about to launch on Tokensoft on September 18. Nonetheless, the pre-sale part is presently in progress, with out there slots quickly filling up. Tokensoft has proven a powerful surge, now reaching 35,000 registered customers, and the cap is about for five,000 traders on a first-come, first-served foundation. The challenge is famous to be 6x oversubscribed.
Pencil Protocol is already among the many high DeFi farming protocols globally. What’s extra thrilling is that Pencil Protocol is now built-in with Binance Web3 Pockets. As per the official announcement by Binance, 12 new dApps are stay on Binance Pockets, and Pencil Protocol is one in every of them, which suggests customers can immediately entry Pencil Protocol via their Binance Pockets.
In addition to this, the challenge has sturdy fundamentals following its partnership with Scroll because it leverages zero-knowledge tech to boost the scalability, privateness, and equity of decentralized purposes. It’s also acknowledged as a number one DeFi (Decentralized Finance) protocol on Scroll ZKP, specializing in scalable, personal growth of dApps and their honest launch to redefine the Layer-2 sectors. The challenge is evolving right into a full DeFi platform leveraging zkEVM know-how.
Conclusively, Pencil Protocol, with huge development potential, is poised to make substantial ROI. Furthermore, the challenge is designed to be extremely interoperable, using rigorous audit processes and safety measures to guard customers’ belongings and knowledge. With these measures and its dedication to transparency and safety, Pencil Protocol is making waves in high bulletins of the Web3 ecosystem.
Pencil Protocol’s $DAPP could possibly be value contemplating for a forward-looking portfolio.
