If you ever thought of launching your own token, you might have stumbled upon the term launchpad. In essence, a crypto launchpad serves as a real-life launchpad, but here, you launch a token, not a rocket… obviously. Lately, DeFi launchpads have been all over the place. However, only a few of them are effective and credible, with one of the leading ones being PinkSale.
PinkSale Finance is a living example of how a project can contribute to the DeFi ecosystem. Their platform has a considerable amount of decentralization and a very high level of security. To make its platform as self-sustainable as possible, PinkSale has its own token, the PinkSale coin known as PINKSALE. Without further adieu, let us take a closer look at their token.
What is PinkSale Coin (PINKSALE)?
PinkSale is a launchpad protocol that supports more than 7 blockchain networks. They also support 2 blockchains that are still on testnet. Moving on, this platform has a number of features that make it stand out. Through PinkSale, you can launchpads, PinkPads, Airdrops, and even tokens. The platform of PinkSale is powered by their native token, the PinkSale Coin.
The PinkSale Coin was created solely for the PinkSale Finance platform. Using this token, PinkSale Finance aims to make its platform somewhat self-sustainable. That is why this token is prioritizing increasing its exposure. At the time of writing, you can purchase this token on PancakeSwap and Hoo. PancakeSwap is the biggest Binance Smart Chain (BSC) decentralized exchange while Hoo is a major centralized exchange.
Tokenomics
As mentioned before, this token’s purpose is to power PinkSale’s platform. So, the goals of this token are long-term, meaning that the team of the token designed this token for the long run. The tokenomics of PinkSale Coin are also designed for the long run.
- Maximum Supply: 100,000 tokens
- Token Distribution:
- 16% goes to the team wallet
- 8% goes to the marketing wallet
- 6% goes to the advisory wallet
- 40% goes to users as rewards
- 12% goes to ecosystem development wallet
- 6% goes towards exchange liquidity
- The rest was distributed in the public and private sale round
Along with these statistics, the team of PinkSale coin will use 20% of their profits to buy PINKSALE to burn them. The process of burning usually helps a token become as deflationary as possible which often affects the price positively.
At the time of writing, the PinkSale coin is trading at a price of $160, with a trading volume of $110,000. Its fully diluted market capitalization is sitting at $17 million.
PinkSale Launchpad
You can use your PINKSALE on the official website of PinkSale in several ways. The main one, of course, is creating a launchpad or purchasing tokens from a launchpad. If you want to launch a token and you need an efficient and secure launchpad protocol to do so, simply purchase some PINKSALE, go to their website, and proceed to follow their guide.
Nevertheless, you can use PINKSALE to buy tokens from other launchpads as well. Purchasing a token in a launchpad is way riskier than purchasing a token that has been on the market for months. But, investing in launchpads is nearly always a high-risk, high-reward type of investment. If the launchpad of a project fails to reach its soft cap, the investment that you made will be returned, of course. However, the real risk comes after the launchpad is successful because then, you won’t have PinkSale to ensure your safety.
Takeaways
- Each day, more and more DeFi launchpads are joining the market, but only a few of them are decent.
- PinkSale is one of the leading launchpad protocols in the DeFi ecosystem.
- PinkSale Finance has its own token known as PinkSale Coin (PINKSALE).
- This token is designed in such a way that it promotes the longevity of the project.