Pichi Finance Raises $2.5M in Seed Funding, Integrates ERC-6551 Standard to Introduce Trustless Points Trading Protocol
Summary
Conventionally, points are stored off-chain and tied to wallet addresses, limiting their tradability on an open market.The ERC-6551 token standard was launched on the Ethereum mainnet in May 2023 and aims to enhance the functionality of NFTs by adding smart contract capabilities. By leveraging ERC-6551 Accounts, Pichi Finance aims to unlock tradability by providing a trustless, transparent, and secure method for users to trade points before and after the TGE.Through this model, no collateral is required from the buyer or seller; the sale process mirrors that of trading an NFT. We offer price discovery for tokens both pre- and post-TGE, empowering users to take control of their financial futures in a transparent and accessible way. As they gear up towards their token launch, were confident that Pichi Finance will redefine how points are seen as an integral component to incentives and were excited to partner with them in their vision. Ash, Signum Capital x UOB Venture Management.Revolutionizing the way users earn and trade rewards in the DeFi space, Pichi Finance introduces the innovative ERC-6551 account solution.