Pichi Finance Launches Utility Token PCH, Offering Revenue-Sharing and Advanced DeFi Integrations

Pichi Finance has just launched its utility token, PCH. You can find it on popular cryptocurrency exchanges like Gate.io and MEXC. Trading kicks off at 16:30 UTC on August 19th.

This new token opens the door for holders to participate in revenue-sharing opportunities. Pichi Finance earns most of its revenue from transaction fees and decentralized finance (DeFi) integrations. This strategy positions the protocol as a significant player in building points infrastructure for both users and projects.

Wesley Tang, the founder of Pichi Finance, shared, “By using Pichi Finance, participants can farm their favorite airdrops with self-custodial smart contract wallets. They can earn points and list them on Pichi’s Marketplace without compromising their private keys.” He added that owning the token gives users a chance to tap into a revenue-sharing mechanism, driving growth for both the project and the points ecosystem.

Pichi Finance is designed as a DeFi platform for trading points linked to various protocols using ERC-6551 accounts. It allows users to trade points from selected protocols like EigenLayer and Ether.Fi, as well as HyperLiquid, ahead of the Token Generation Event (TGE). The platform helps with price discovery for tokens before and after TGEs, making points trading smooth and efficient.

Users can create a Pichi Wallet and deposit funds that generate points into an ERC-6551 account connected to this wallet. As points build up, users can withdraw the tokens that earn points and sell the wallet, transferring the generated points to a new owner.

Wesley Tang emphasized, “The PCH token is the backbone of our tech stack. With the launch of our Token Generation Event, Pichi Finance is redefining how points are viewed as an integral component of incentives.” He also noted that the token will allow users to deepen their involvement with Pichi through revenue sharing. This will further boost ecosystem growth by integrating more projects with points into Pichi, creating a flywheel effect.