Round Type | Private Round |
| Current FDV (Fully Diluted Valuation) | $50M |
| TGE FDV (Fully Diluted Valuation) | $150M |
Current token price | $0.5 |
| TGE token price | $1,5 |
| Total Raise | $200 000 |
Listing | September 27, 2024 |
| Ticker | $DAPP |
| Blockchain Network | Ethereum & Scroll |
Mainnet Token Contract Ethereum | 0x5FC429110A64bC51b57Ca86dCE1714FD0fBec303 |
Mainnet Token Contract Scroll | 0xb0643f7b3e2e2f10fe4e38728a763ec05f4adec3 |
Token Supply | 100,000,000 |
Token Unlocks | 0% TGE, 12 months vesting |
Overview
Pencils Protocol is the next-gen decentralized platform that offers auction services for blockchain native assets and RWAs, along with unified and leveraged yield aggregation services for users to maximize asset utilization.Pencils Protocol also serve as Scroll native gateway for liquid staking and restaking assets.
Powered by Scroll, Pencils Protocol redefines the Layer-2 sectors by utilizing Scroll’s zero-knowledge technology. We focus on scalable and private DeFi services, enhancing yield aggregation and farming. By leveraging the synergy between Pencils Protocol launchpad and farming solutions, Pencils Protocol aims to become the primary TVL gateway for the Scroll ecosystem.
Key Milestones
User Growth: A user base exceeding 560,000.
Total Value Locked: A staggering $340 million in assets staked on the platform.
Core Products
Staking & Vaults: unified and leveraged yield aggregation services for asset utilization maximization;
Liquid Staking & Restaking: L2 native ETH and BTC liquid staking and restaking services;
Auction: auction and launch services for blockchain native assets and RWAs.
Competitive advantages
In the Scroll ecosystem, Pencils Protocol currently has no direct competitors. However, in the broader DeFi landscape, notable competitors include Alpaca Finance, Yearn Finance, and Dao Maker. Pencils Protocol’s core competitive advantages are highlighted by the following:
– ZK Verification System: Pencils Protocol leverages Scroll’s native ZK privacy technology to tackle key challenges in DeFi, such as risk, privacy, and security.
– Diversified Product Suite: With Farming and Vaults, Pencils offers a unified yield aggregation service, supporting liquid staking, re-staking, LSDFi, and re-staked assets, enabling users to unlock multiple reward layers.
– Points System: At the heart of the Pencils Protocol ecosystem, the points system ensures active contributors are recognized and rewarded, driving community engagement and long-term growth.
Pencils Protocol roadmap
Q1 2024
Platform Launch: Introduction of the platform with Ship Proof of Human login and zk-SDK for enhanced privacy.
Launchpad Beta: Deployment of the launchpad beta featuring fair launch models and toolkits.
$DAPP Tokenomics: Announcement of $DAPP tokenomics and the start of the Launch Seasons Event to establish the protocol as a leading launchpad brand, targeting over 120,000 verified users.
Community Building: Global expansion of KOL (Key Opinion Leader) ecosystems to strengthen community engagement.
Q2 2024
New Product Lines: Introduction of combinable launch product lines for new projects.
Token Staking: Rollout of token staking with the pToken incentive model.
Vault Product Beta: Release of the Vault product beta for yield aggregation.
Staking Points System: Official launch of the Pencil (Pencils Protocol Staking Points) system, expanding ecological integrations and incentive utilities.
Partnerships and Grants: Partnership with Scroll to establish grants for new projects, support for 50+ projects, and the launch of 5+ competitive projects valued at over $5 million. Development of 100+ partnerships to assist in project launches and growth.
Q3 2024
Innovative Launch Products: Enhancements to launch products for diversified project launches.
Pencils Protocol Shop: Launch of the shop feature supporting multi-chain points transactions, pre-market trading, customized unlocking tools, Web3 equity cards, celebrity tickets, fan benefits, and various token standards like RWA, ERC721, and ERC404.
User Growth: Registered verified users are expected to grow to 300,000, with the platform launch value exceeding $20 million.
Q4 2024
Community-led IP: Establishment and incubation of community-led IP for new projects.
Technical Support: Provision of technical support including market makers, smart contract auditors, and customized launch products
Product Development Strategies
Holistic DeFi Platform: Pencils Protocol not only provides launchpad capabilities but also integrates staking and vault functionalities, establishing itself as a one-stop DeFi yield solution for users.
Farming: Pencils Protocol introduces its staking products in two phases. The first phase supports Scroll chain ETH/USDC and other assets, followed by the introduction of LSD and restaking products. Users can stake various assets to earn pTokens and multiple point rewards, facilitating dynamic interactions between Pencils Protocol staking products and various DeFi strategies.
Vaults: Pencils Protocol Vaults are innovative liquidity farming tools. Through collaboration with leading DEXs on Scroll, they provide users with leveraged strategies to earn multiple forms of benefits, including points redeemable across Pencils Protocol, Scroll, and partner protocols.
Pencils Reward System: The innovative points reward system is at the core of Pencils Protocol’s incentive structure. Pencils points span staking, vaults, auctions, and upcoming products, incentivizing users and enhancing their benefits. Holders of Pencils points can enjoy whitelist privileges for auction projects, increased liquidity mining rewards, and access to exclusive merchandise.
Enhanced Auction: As Scroll’s premier launchpad, Pencils Protocol offers a first-class auction participation experience. The platform introduces innovative auction tools, providing customizable auction features for both users and projects.
Shop: The Shop feature includes NFT launches, onchain loyalty programs, and physical goods and RWAs.
Pencils Protocol is committed to leveraging the synergy between its launchpad and staking solutions to become the primary TVL gateway for the Scroll ecosystem.
Pencils Protocol is committed to leveraging the synergy between its launchpad and staking solutions to become the primary TVL gateway for the Scroll ecosystem.
Token utility
$DAPP is the backbone of the Pencils Protocol, serving as the key to governance, auction collateral, and Point System rights mapping. It notably prioritizes community engagement and value creation over dividend payments, meaning it doesn’t pay dividends.
In Pencils Protocol, $DAPP is used for:
- Governance
- Token Farming
- Auction Platform Collateral
- Vaults Privileges
- Expansion of Financial Services
- Point System Rights Mapping
- Virtual Shop
- Buy-back
Founders
Team member | Title | Experiences | |
Michael Ipovich | Cofounder & CEO |
| |
Daniel Finley | Cofounder & COO |
|
Who are the partners of Pencils Protocol?
Pencils Protocol has forged strategic partnerships with leading protocols like Solv Protocol, Kelp DAO, Puffer, Stakestone, and Etherfi, establishing itself as a vital platform for users’ asset allocation. As we expand our Vaults and other product lines, we aim to integrate additional protocols, further broadening DeFi use cases. Pencils Protocol is well-positioned to become a foundational infrastructure in the DeFi ecosystem.
Throughout key growth milestones, Pencils has garnered strong support from ecosystem partners such as NOTCOIN, YesCoin, TokenPocket, Coral App, Trusta Labs, Gaxle Quest, OKX Wallet, Gate Wallet, Bitget Wallet, Trust Wallet, and ZKPass.
Ecosystem Partners list
Media Partners list
Odaliy, Rhythm Blockchain, ChainCatcher, Cointime, Marsbit, PANews, Blocktempo, Coinness, DanChoiCoinkolik, Cointelegrap, coinvestasi, Beincrypto , tapchibitcoin, Blogtienao,ctalks, 137Labs, HuahuaLabs, WhaleLabs, HTX Live, Binance Live.
What are the token metrics of Pencils Protocol?
Other important links or information?
Social Channels Metrics
- X followers: ~32,6947 members (@pencilsprotocol)
- Community Telegram: ~191,325 members
- Discord member: ~46,982 members
Investment
Pencils Protocol has attracted the attention of leading institutions in the Web3 space, with these investments offering not only financial backing but also paving the way for future collaborations and growth opportunities.
Seed Round:
– Institutions: OKX Ventures, Animoca Brands, Galxe, Gate Labs, Presto Labs
– Angel Investors: Sandy Peng, Ashley Xiong, Ryan Li, Lucia Zhang, Sisyphus
https://x.com/pencilsprotocol/status/1793311554869620921
Strategic Round:
– Led by Taisu Ventures, with participation from DePIN X, Bing Ventures, and Black GM Capital
https://x.com/pencilsprotocol/status/1830571497985069395
Top tiger investment portfolio
Animoca Brands: https://www.animocabrands.com/investment-portfolio
OKX Ventures: https://cryptorank.io/funds/okx-ventures; https://www.okx.com/ventures
Pencils Protocol Key Metrics
- NO.1 Native dApp on Scroll: https://defillama.com/chain/Scroll
- Ranked #3 in Farm TVL across all chains: https://defillama.com/protocols/farm
- TVL: $ 346,818,410
- Active users: 567,965
Listing and exchange(s)?
Expected listing time:
Bybit and Gate will list DAPP spot trading on September 27 at 10:00 (UTC).
Kucoin and leading South Korean exchanges are currently in discussions for listing.
Terms of Sale
1. Standard – 20% commission
Investment amounts are limited to $100 – $1000
2. PREMIUM – 12%
Investment amounts $50 – $10000
To obtain this status, fill out the application:
https://forms.gle/nBZD4CZXZQ8QhTtG7
3. KOL (for bloggers) – 10%
Investment amounts $500 – $5000
To obtain this status, fill out the application:
https://forms.gle/KWFQAHmuifWpB3cy9
4. GOLD – 9%
Investment amounts from $50,000 to $100,000
5. Platinum partner – 7%
Investment amounts from $100,000
* If you have your own DAO or KOLs pool, please write to https://t.me/ZelwinSupport
* If you ready to invest $10,000+ please write to https://t.me/VIPmentor
We will offer you special conditions and additional discounts!
📆 CLOSING OF APPLICATIONS – 26 of September 2024 (or when the allocations are filled)
* Past performances do not indicate future success.
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