The NFT liquidity engine Pawnfi launches an early bird airdrop event

Author: Pawnfi

The NFT liquidity engine Pawnfi, endorsed by institutions such as Coinbase and CoinList, has officially launched, simultaneously initiating an early bird airdrop as an important milestone in Pawnfi's advancement of NFT finance. Pawnfi is creating the blockchain industry's first integrated NFT financial system, bringing the innovative concept of P-Token to the market. At the launch, the highly anticipated "Airdrop Activity Mega Drop" will also commence, giving early bird participants the chance to earn generous airdrop rewards through Explore to Earn.

Industry Giants Leading the Way for Pawnfi's Launch

Top institutions such as DCG, Coinbase Ventures, Animoca Brands, Dapper Labs, Alliance DAO, Polygon, and Hashkey have invested in Pawnfi, and CoinList has listed it as one of the most promising seed projects, reflecting the platform's enormous market potential and validating the feasibility of Pawnfi's vision to disrupt NFT finance. It is evident that by addressing the liquidity pain points in the NFT market through innovative strategies and seamlessly connecting NFTs with decentralized finance (DeFi) applications, Pawnfi's development is highly anticipated.

P-Token Opens a New Era of NFT Finance

P-Token is the core element of the Pawnfi financial system. In short, P-Token unlocks the channel for users to freely interact with NFTs across platforms. For the NFT finance sector, P-Token will provide new application scenarios for all NFT and DeFi players. On the Pawnfi platform, each NFT series has a corresponding P-Token, and the nature of P-Token is similar to common ERC-20 tokens, allowing NFTs to be used and circulated in decentralized finance (DeFi) applications, greatly enhancing the flexibility and trading efficiency of NFTs.

P-Token (ERC20) mechanism overview:

• Owning 1 BAYC NFT is equivalent to owning 1,000 P-BAYC, and vice versa
• Similarly, 1 Azuki NFT equals 1,000 P-AZUKI, and vice versa
• 1 Wrapped Punks NFT equals 1,000 P-WPUNKS, and so on

Pawnfi believes that the series of NFTs and their corresponding P-Tokens are key, and rarity is no longer the only standard. This principle is central to the Pawnfi protocol and permeates all financial services within the Pawnfi ecosystem. P-Token serves as the medium for interaction between the NFT world and DeFi components, enabling the application of NFTs in decentralized exchanges (DEXs), centralized exchanges (CEXs), lending markets, and multi-chain networks.

For more in-depth understanding of Pawnfi's mechanisms or to explore its innovations, please refer to the previous Chain Catcher article.

First Round Airdrop (Mega Drop) and Invitation Event

After the mainnet launch, Pawnfi has simultaneously launched the airdrop (Mega Drop) and invitation event to reward early supporters. The first wave of airdrops will be temporarily open to early bird users with Pawnfi Early Access qualifications. Users can earn loyalty points by completing operations on the Pawnfi platform, such as trading, lending, or inviting friends. For each points-earning action completed by invited friends, the inviter will receive 20% of their points as an additional reward. Loyalty points can be automatically redeemed for airdrop blind boxes (Mega Boxes), which will yield a certain number of $PAWN token rewards in the future.

Pawnfi will also soon announce the public launch and rules for the second wave of airdrops, at which point everyone will have the opportunity to participate in the event and receive airdrop rewards.

The core team of Pawnfi will hold daily Office Hours in Discord at two time slots to provide close teaching and timely feedback to platform users. Additionally, Pawnfi will launch the #ptoken Twitter Hashtag event, where every participant will have the chance to receive double benefits! For more information, please follow Pawnfi on Twitter and Discord for the latest updates.

Pawnfi is Building Not Just "NFT Lending," but a Larger NFT Financial Ecosystem

The founding concept of Pawnfi and P-Token will fundamentally bring new growth points to NFT finance, akin to the transformative role of mortgage-backed securities (MBS) in traditional finance. By tokenizing NFTs, Pawnfi provides these unique digital assets with immediate liquidity while unlocking the ability for NFTs to benefit in DeFi. The use cases of P-Token in the financial system will not only facilitate smoother NFT price discovery but also promote the application of more mature DeFi strategies in the development and construction of NFT projects.

Pawnfi's cutting-edge financial infrastructure will help drive the robust development of the future NFT economy while lowering the entry barriers for blue-chip NFT markets. Furthermore, Pawnfi can assist the industry in developing effective financial tools such as NFT ETFs, indices, asset management, and trading strategies. While many current NFT finance projects focus on quickly extracting value from NFTs, Pawnfi takes an innovative approach to allow NFTs to access more value creation possibilities, thereby driving exponential growth in the NFT market.

Conclusion

P-Token signifies a powerful innovation in NFT finance, breaking the ecological bottleneck of NFTs. The arrival of Pawnfi allows the NFT market to fully unleash its potential, bridging NFTs and DeFi applications, and making it possible for NFTs to play a groundbreaking role in the financial sector in the future. With the opening of the Pawnfi mainnet early bird round, the prosperous scene of exponential growth in the NFT market is no longer just a fantasy, but a clear vision for the future.