1671863717
In this article, we'll discuss information about the Pine Protocol project and PINE token. What is Pine Protocol (PINE) | What is PINE token?
Pine protocol is a two-sided decentralized non-custodial protocol that facilitates asset-backed loan transactions between lenders and borrowers. Lenders set up their own lending pools, choose NFT collections that they are willing to lend against and set their own terms for loan offers. These offers are then added to a one-sided offer book. Borrowers can choose from these offers and borrow digital currencies against them using their NFT assets as collateral.
Our Mission
Our mission at Pine is to build and facilitate the adoption of technology that will bring asset-backed financing on-chain.
As true believers in blockchain technology, we see a future where payment will be done in digital currencies and asset ownership will be represented by non fungible digital tokens (“NFT”). Our solution, the Pine Protocol, will be the smart contract infrastructure that will allow asset-back financing to be conducted more efficiently and transparently on the blockchains.
Our technology solutions will initially be built to cater to the early adopters of digital assets financial services, i.e. NFTfi, and be eventually extended to a wider set of traditional assets with adoption from traditional financial institutions.
The Pine team is composed of contributors with extensive experience and expertise in blockchain technology, digital assets exchange, quantitative trading, software development, e-commerce and traditional banking.
Our Solutions
Why Pine?
For Lenders
For Borrowers
Elements that make our protocol stand out
1. Asset-Backed Loan
The main product of the protocol is to serve as a facilitating platform for Asset Back Loan borrowing and underwriting. Users will be able to pledge NFTs as collateral to meet their liquidity requirements while on the other hand to extract extra yield from their idle cryptocurrency cash.
2. Segregated Pool
Every lender sets up their own segregated lending pool on the Pine protocol instead of participating in commingled lending pools alongside with multiple depositors. This gives each lender flexibility to choose the types of collateral they would like to lend against and set their own terms. When a loan position defaults, the ownership of the collateral is transferred to the lender. There is no need for forced selling of the collateral as every loan and the underlying collateral is mapped to only one lender. Finally, lenders face less compliance and regulatory risk with the segregated pool structure as compared to a public lending pool where funds from multiple depositors are commingled.
Text | Segregated Pool | Commingled Pool |
---|---|---|
Risk Assessment | Accurate | Blurry |
Control of Exposure | Lender | Protocol |
Ownership of Collateral | Defined | Vague |
Risk of Bank Run | Not at risk | At Risk |
3. Term Loan
All loans are structured as term loans on the Pine Protocol. This means that all loans on Pine have a fixed duration, e.g. 7 days. Lenders can offer multiple loan durations when setting up a lending pool for a specific NFT collection. Furthermore, lenders can also set different terms, i.e. LTV and interest rates, for different loan durations in order to manage the associated risk. The term loan structure makes it a lot easier for borrowers to manage their loan positions as everything, such as repayment date, total interest payable, etc are known and agreed upon on the onset when the loan is initiated. Under normal circumstances, borrowers face no liquidation risk as long as they repay or extend the loans before the end of the loan term.
Text | Term Loans | Continuous Loans |
---|---|---|
Terms of Loan (e.g. interest payable) | Fixed at the start of term | Changes constantly |
Interest Rate | Fixed | Volatile |
Cash Flows | Predictable | Unpredictable |
Market-to-market Liquidation | No | Yes |
Risk of Protocol Insolvency | Low | High |
Feature
The Pine Token ("$PINE") is the ecosystem token for the Pine Protocol issued by the PineDAO. The structure, distribution, emission schedule and utilities of $PINE have been designed meticulously to make the protocol scalable and sustainable.
The token is expected to launch in Q1 2023 alongside with the launch of some of the utilities for the token.
Distribution
The total supply of token is hard capped at 200,000,000 and the distributions are as follows.
Category | Alloc | Months | Emission |
---|---|---|---|
Team | 18.00% | 36 | 0% at TGE, 2% unlock at month 6, 98% linearly from month 7 to month 36 |
Seed | 7.97% | 18 | 2.5% at TGE, 97.5% linearly from month 2 to month 18 |
Private & Advisor | 9.44% | 21 | 0% at TGE, 3% at month 3, 97% linearly from month 4 to month 21 |
IDO | 0.67% | - | 100% at TGE |
Protocol Incentives | 30.00% | 24-36 | Linearly - see section on incentives for more detail |
Liquidity | 1.00% | - | 100% at TGE |
Partnership | 14.92% | 21 | Quarterly over 21 months |
Treasury | 18.00% | 12 | Linearly over 12 months; locked up and managed by the DAO / community |
Don't miss a beat with all of our tailored step-by step guides to steer you into the right direction.
At Pine we are constantly innovating and providing new features to make buying, borrowing, selling or lending not only easier, but also more flexible and fun making Pine Protocol the premium and most complete NFT-backed lending platform.
Borrowing Do you own an NFT and the collection is available on our pools list? See how to borrow liquidity here by taking out a loan. Text Guide:
Borrowing Video Guide:
Video Guide by our own Community Manager, EJ!
Lending Want to earn passive income or provide additionality utility for your community? Whatever reason you might have to become a lender, you will find all the juicy details here.
Guide: Lending
Pine Now Pay Later Looking to buy a brand new NFT, but you're short on liquidity or prefer to reduce risk by only paying roughly half of its sell price? Pine Now Pay Later makes it happen by taking out a loan instantly and securing that precious NFT for you!
Guide: Pine Now Pay Later
Product Phases
V1 - Alpha (Jan 2022 - Mar 2022)
First functional version of Pine
V2 - Beta (Mar 2022 - Current)
Enhanced features and lender's portal
V3 - Public (Q4 2022)
Robust NFT-backed loan protocol and a two-sided NFT-backed loan marketplace
Timeline
Time | Item | Description |
---|---|---|
Jan 2022 | Nassec Audit (v1) | v1 smart contract audit |
Feb 2022 | NFT-backed borrowing | Allows NFT holders to make permissionless loans in ETH |
Mar 2022 | Pine Now Pay Later | Allows buyers to PNPL on NFT marketplaces |
May 2022 | Quantstamp Audit (V2) | V2 smart contract audit |
Jun 2022 | Loan rollover | Allows loans to be extended on-chain |
Aug 2022 | Lender’s Portal | Allows anyone to set up lending pools |
Sept 2022 | Loan orderbook | Allows borrowers to browse and select from multiple pools when initiating and rolling over loans |
Oct 2022 | Pine Listing | Allows listing of collaterals for sale |
Dec 2022 | Auto roll-over | Allows borrowers to automatically rollover if LTV is below threshold |
Q1 2023 | Multi chain and currency support | Protocol extends to support multiple chains (Solana, BNBChain, AVAX, etc) and payout/repayment in more currencies (USDT, USDC, SOL, etc) |
Q2 2023 | Credit Marketplace | Allows lenders to buy and sell loan positions |
How and Where to Buy PINE token?
PINE has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy PINE token
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase PINE from the exchange.
The top exchange for trading in PINE token is currently: Impossible Finance
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ Binance ☞ Poloniex ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io
If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
Find more information PINE token ☞ Website
I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
#bitcoin #cryptocurrency #token #coin
1659601560
We are all in the gutter, but some of us are looking at the stars.
-- Oscar Wilde
WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.
Are you using WordsCounted to do something interesting? Please tell me about it.
Visit this website for one example of what you can do with WordsCounted.
["Bayrūt"]
and not ["Bayr", "ū", "t"]
, for example.Add this line to your application's Gemfile:
gem 'words_counted'
And then execute:
$ bundle
Or install it yourself as:
$ gem install words_counted
Pass in a string or a file path, and an optional filter and/or regexp.
counter = WordsCounted.count(
"We are all in the gutter, but some of us are looking at the stars."
)
# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")
.count
and .from_file
are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter
initialized with the tokens. The WordsCounted::Tokeniser
and WordsCounted::Counter
classes can be used alone, however.
WordsCounted.count(input, options = {})
Tokenises input and initializes a WordsCounted::Counter
object with the resulting tokens.
counter = WordsCounted.count("Hello Beirut!")
Accepts two options: exclude
and regexp
. See Excluding tokens from the analyser and Passing in a custom regexp respectively.
WordsCounted.from_file(path, options = {})
Reads and tokenises a file, and initializes a WordsCounted::Counter
object with the resulting tokens.
counter = WordsCounted.from_file("hello_beirut.txt")
Accepts the same options as .count
.
The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.
Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.
#tokenise([pattern: TOKEN_REGEXP, exclude: nil])
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise
# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")
# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)
See Excluding tokens from the analyser and Passing in a custom regexp for more information.
The WordsCounted::Counter
class allows you to collect various statistics from an array of tokens.
#token_count
Returns the token count of a given string.
counter.token_count #=> 15
#token_frequency
Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.
counter.token_frequency
[
["the", 2],
["are", 2],
["we", 1],
# ...
["all", 1]
]
#most_frequent_tokens
Returns a hash where each key-value pair is a token and its frequency.
counter.most_frequent_tokens
{ "are" => 2, "the" => 2 }
#token_lengths
Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.
counter.token_lengths
[
["looking", 7],
["gutter", 6],
["stars", 5],
# ...
["in", 2]
]
#longest_tokens
Returns a hash where each key-value pair is a token and its length.
counter.longest_tokens
{ "looking" => 7 }
#token_density([ precision: 2 ])
Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision
argument, which must be a float.
counter.token_density
[
["are", 0.13],
["the", 0.13],
["but", 0.07 ],
# ...
["we", 0.07 ]
]
#char_count
Returns the char count of tokens.
counter.char_count #=> 76
#average_chars_per_token([ precision: 2 ])
Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.
counter.average_chars_per_token #=> 4
#uniq_token_count
Returns the number of unique tokens.
counter.uniq_token_count #=> 13
You can exclude anything you want from the input by passing the exclude
option. The exclude option accepts a variety of filters and is extremely flexible.
:odd?
.tokeniser =
WordsCounted::Tokeniser.new(
"Magnificent! That was magnificent, Trevor."
)
# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]
# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]
# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]
# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]
# Using an array
tokeniser = WordsCounted::Tokeniser.new(
"Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]
The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.
/[\p{Alpha}\-']+/
You can pass your own criteria as a Ruby regular expression to split your string as desired.
For example, if you wanted to include numbers, you can override the regular expression:
counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]
Use the from_file
method to open files. from_file
accepts the same options as .count
. The file path can be a URL.
counter = WordsCounted.from_file("url/or/path/to/file.text")
A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.
counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency
[
["do", 2],
["how", 1],
["you", 1],
["-you", 1], # WTF, mate!
["are", 1],
# ...
]
In this example -you
and you
are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.
The program will normalise (downcase) all incoming strings for consistency and filters.
def self.from_url
# open url and send string here after removing html
end
See contributors.
git checkout -b my-new-feature
)git commit -am 'Add some feature'
)git push origin my-new-feature
)Author: abitdodgy
Source code: https://github.com/abitdodgy/words_counted
License: MIT license
#ruby #ruby-on-rails
1658068560
WordsCounted
We are all in the gutter, but some of us are looking at the stars.
-- Oscar Wilde
WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.
["Bayrūt"]
and not ["Bayr", "ū", "t"]
, for example.Add this line to your application's Gemfile:
gem 'words_counted'
And then execute:
$ bundle
Or install it yourself as:
$ gem install words_counted
Pass in a string or a file path, and an optional filter and/or regexp.
counter = WordsCounted.count(
"We are all in the gutter, but some of us are looking at the stars."
)
# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")
.count
and .from_file
are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter
initialized with the tokens. The WordsCounted::Tokeniser
and WordsCounted::Counter
classes can be used alone, however.
WordsCounted.count(input, options = {})
Tokenises input and initializes a WordsCounted::Counter
object with the resulting tokens.
counter = WordsCounted.count("Hello Beirut!")
Accepts two options: exclude
and regexp
. See Excluding tokens from the analyser and Passing in a custom regexp respectively.
WordsCounted.from_file(path, options = {})
Reads and tokenises a file, and initializes a WordsCounted::Counter
object with the resulting tokens.
counter = WordsCounted.from_file("hello_beirut.txt")
Accepts the same options as .count
.
The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.
Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.
#tokenise([pattern: TOKEN_REGEXP, exclude: nil])
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise
# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")
# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)
See Excluding tokens from the analyser and Passing in a custom regexp for more information.
The WordsCounted::Counter
class allows you to collect various statistics from an array of tokens.
#token_count
Returns the token count of a given string.
counter.token_count #=> 15
#token_frequency
Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.
counter.token_frequency
[
["the", 2],
["are", 2],
["we", 1],
# ...
["all", 1]
]
#most_frequent_tokens
Returns a hash where each key-value pair is a token and its frequency.
counter.most_frequent_tokens
{ "are" => 2, "the" => 2 }
#token_lengths
Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.
counter.token_lengths
[
["looking", 7],
["gutter", 6],
["stars", 5],
# ...
["in", 2]
]
#longest_tokens
Returns a hash where each key-value pair is a token and its length.
counter.longest_tokens
{ "looking" => 7 }
#token_density([ precision: 2 ])
Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision
argument, which must be a float.
counter.token_density
[
["are", 0.13],
["the", 0.13],
["but", 0.07 ],
# ...
["we", 0.07 ]
]
#char_count
Returns the char count of tokens.
counter.char_count #=> 76
#average_chars_per_token([ precision: 2 ])
Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.
counter.average_chars_per_token #=> 4
#uniq_token_count
Returns the number of unique tokens.
counter.uniq_token_count #=> 13
You can exclude anything you want from the input by passing the exclude
option. The exclude option accepts a variety of filters and is extremely flexible.
:odd?
.tokeniser =
WordsCounted::Tokeniser.new(
"Magnificent! That was magnificent, Trevor."
)
# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]
# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]
# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]
# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]
# Using an array
tokeniser = WordsCounted::Tokeniser.new(
"Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]
The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.
/[\p{Alpha}\-']+/
You can pass your own criteria as a Ruby regular expression to split your string as desired.
For example, if you wanted to include numbers, you can override the regular expression:
counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]
Use the from_file
method to open files. from_file
accepts the same options as .count
. The file path can be a URL.
counter = WordsCounted.from_file("url/or/path/to/file.text")
A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.
counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency
[
["do", 2],
["how", 1],
["you", 1],
["-you", 1], # WTF, mate!
["are", 1],
# ...
]
In this example -you
and you
are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.
The program will normalise (downcase) all incoming strings for consistency and filters.
def self.from_url
# open url and send string here after removing html
end
Are you using WordsCounted to do something interesting? Please tell me about it.
Visit this website for one example of what you can do with WordsCounted.
Contributors
See contributors.
git checkout -b my-new-feature
)git commit -am 'Add some feature'
)git push origin my-new-feature
)Author: Abitdodgy
Source Code: https://github.com/abitdodgy/words_counted
License: MIT license
1622197808
SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.
A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.
Read More @ https://bit.ly/3oFbJoJ
#create a defi token like safemoon #defi token like safemoon #safemoon token #safemoon token clone #defi token
1621844791
The SafeMoon Token Clone Development is the new trendsetter in the digital world that brought significant changes to benefit the growth of investors’ business in a short period. The SafeMoon token clone is the most widely discussed topic among global users for its value soaring high in the marketplace. The SafeMoon token development is a combination of RFI tokenomics and the auto-liquidity generating process. The SafeMoon token is a replica of decentralized finance (DeFi) tokens that are highly scalable and implemented with tamper-proof security.
The SafeMoon tokens execute efficient functionalities like RFI Static Rewards, Automated Liquidity Provisions, and Automatic Token Burns. The SafeMoon token is considered the most advanced stable coin in the crypto market. It gained global audience attention for managing the stability of asset value without any fluctuations in the marketplace. The SafeMoon token clone is completely decentralized that eliminates the need for intermediaries and benefits the users with less transaction fee and wait time to overtake the traditional banking process.
The SafeMoon Token Clone Development is a promising future for upcoming investors and startups to increase their business revenue in less time. The SafeMoon token clone has great demand in the real world among millions of users for its value in the market. Investors can contact leading Infinite Block Tech to gain proper assistance in developing a world-class SafeMoon token clone that increases the business growth in less time.
#safemoon token #safemoon token clone #safemoon token clone development #defi token
1671863717
In this article, we'll discuss information about the Pine Protocol project and PINE token. What is Pine Protocol (PINE) | What is PINE token?
Pine protocol is a two-sided decentralized non-custodial protocol that facilitates asset-backed loan transactions between lenders and borrowers. Lenders set up their own lending pools, choose NFT collections that they are willing to lend against and set their own terms for loan offers. These offers are then added to a one-sided offer book. Borrowers can choose from these offers and borrow digital currencies against them using their NFT assets as collateral.
Our Mission
Our mission at Pine is to build and facilitate the adoption of technology that will bring asset-backed financing on-chain.
As true believers in blockchain technology, we see a future where payment will be done in digital currencies and asset ownership will be represented by non fungible digital tokens (“NFT”). Our solution, the Pine Protocol, will be the smart contract infrastructure that will allow asset-back financing to be conducted more efficiently and transparently on the blockchains.
Our technology solutions will initially be built to cater to the early adopters of digital assets financial services, i.e. NFTfi, and be eventually extended to a wider set of traditional assets with adoption from traditional financial institutions.
The Pine team is composed of contributors with extensive experience and expertise in blockchain technology, digital assets exchange, quantitative trading, software development, e-commerce and traditional banking.
Our Solutions
Why Pine?
For Lenders
For Borrowers
Elements that make our protocol stand out
1. Asset-Backed Loan
The main product of the protocol is to serve as a facilitating platform for Asset Back Loan borrowing and underwriting. Users will be able to pledge NFTs as collateral to meet their liquidity requirements while on the other hand to extract extra yield from their idle cryptocurrency cash.
2. Segregated Pool
Every lender sets up their own segregated lending pool on the Pine protocol instead of participating in commingled lending pools alongside with multiple depositors. This gives each lender flexibility to choose the types of collateral they would like to lend against and set their own terms. When a loan position defaults, the ownership of the collateral is transferred to the lender. There is no need for forced selling of the collateral as every loan and the underlying collateral is mapped to only one lender. Finally, lenders face less compliance and regulatory risk with the segregated pool structure as compared to a public lending pool where funds from multiple depositors are commingled.
Text | Segregated Pool | Commingled Pool |
---|---|---|
Risk Assessment | Accurate | Blurry |
Control of Exposure | Lender | Protocol |
Ownership of Collateral | Defined | Vague |
Risk of Bank Run | Not at risk | At Risk |
3. Term Loan
All loans are structured as term loans on the Pine Protocol. This means that all loans on Pine have a fixed duration, e.g. 7 days. Lenders can offer multiple loan durations when setting up a lending pool for a specific NFT collection. Furthermore, lenders can also set different terms, i.e. LTV and interest rates, for different loan durations in order to manage the associated risk. The term loan structure makes it a lot easier for borrowers to manage their loan positions as everything, such as repayment date, total interest payable, etc are known and agreed upon on the onset when the loan is initiated. Under normal circumstances, borrowers face no liquidation risk as long as they repay or extend the loans before the end of the loan term.
Text | Term Loans | Continuous Loans |
---|---|---|
Terms of Loan (e.g. interest payable) | Fixed at the start of term | Changes constantly |
Interest Rate | Fixed | Volatile |
Cash Flows | Predictable | Unpredictable |
Market-to-market Liquidation | No | Yes |
Risk of Protocol Insolvency | Low | High |
Feature
The Pine Token ("$PINE") is the ecosystem token for the Pine Protocol issued by the PineDAO. The structure, distribution, emission schedule and utilities of $PINE have been designed meticulously to make the protocol scalable and sustainable.
The token is expected to launch in Q1 2023 alongside with the launch of some of the utilities for the token.
Distribution
The total supply of token is hard capped at 200,000,000 and the distributions are as follows.
Category | Alloc | Months | Emission |
---|---|---|---|
Team | 18.00% | 36 | 0% at TGE, 2% unlock at month 6, 98% linearly from month 7 to month 36 |
Seed | 7.97% | 18 | 2.5% at TGE, 97.5% linearly from month 2 to month 18 |
Private & Advisor | 9.44% | 21 | 0% at TGE, 3% at month 3, 97% linearly from month 4 to month 21 |
IDO | 0.67% | - | 100% at TGE |
Protocol Incentives | 30.00% | 24-36 | Linearly - see section on incentives for more detail |
Liquidity | 1.00% | - | 100% at TGE |
Partnership | 14.92% | 21 | Quarterly over 21 months |
Treasury | 18.00% | 12 | Linearly over 12 months; locked up and managed by the DAO / community |
Don't miss a beat with all of our tailored step-by step guides to steer you into the right direction.
At Pine we are constantly innovating and providing new features to make buying, borrowing, selling or lending not only easier, but also more flexible and fun making Pine Protocol the premium and most complete NFT-backed lending platform.
Borrowing Do you own an NFT and the collection is available on our pools list? See how to borrow liquidity here by taking out a loan. Text Guide:
Borrowing Video Guide:
Video Guide by our own Community Manager, EJ!
Lending Want to earn passive income or provide additionality utility for your community? Whatever reason you might have to become a lender, you will find all the juicy details here.
Guide: Lending
Pine Now Pay Later Looking to buy a brand new NFT, but you're short on liquidity or prefer to reduce risk by only paying roughly half of its sell price? Pine Now Pay Later makes it happen by taking out a loan instantly and securing that precious NFT for you!
Guide: Pine Now Pay Later
Product Phases
V1 - Alpha (Jan 2022 - Mar 2022)
First functional version of Pine
V2 - Beta (Mar 2022 - Current)
Enhanced features and lender's portal
V3 - Public (Q4 2022)
Robust NFT-backed loan protocol and a two-sided NFT-backed loan marketplace
Timeline
Time | Item | Description |
---|---|---|
Jan 2022 | Nassec Audit (v1) | v1 smart contract audit |
Feb 2022 | NFT-backed borrowing | Allows NFT holders to make permissionless loans in ETH |
Mar 2022 | Pine Now Pay Later | Allows buyers to PNPL on NFT marketplaces |
May 2022 | Quantstamp Audit (V2) | V2 smart contract audit |
Jun 2022 | Loan rollover | Allows loans to be extended on-chain |
Aug 2022 | Lender’s Portal | Allows anyone to set up lending pools |
Sept 2022 | Loan orderbook | Allows borrowers to browse and select from multiple pools when initiating and rolling over loans |
Oct 2022 | Pine Listing | Allows listing of collaterals for sale |
Dec 2022 | Auto roll-over | Allows borrowers to automatically rollover if LTV is below threshold |
Q1 2023 | Multi chain and currency support | Protocol extends to support multiple chains (Solana, BNBChain, AVAX, etc) and payout/repayment in more currencies (USDT, USDC, SOL, etc) |
Q2 2023 | Credit Marketplace | Allows lenders to buy and sell loan positions |
How and Where to Buy PINE token?
PINE has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy PINE token
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase PINE from the exchange.
The top exchange for trading in PINE token is currently: Impossible Finance
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ Binance ☞ Poloniex ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io
If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
Find more information PINE token ☞ Website
I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.