Pinkslip Finance is launching on Polygon

Welcome to Pinkslip Finance! Where we connect gaming aspects with defi components. Pinkslip Finance begins with a fun, easy to play drag racing game, which you can purchase NFTs and drag race them. Each NFT represents a car. Drag race your way up to earn a sweet spot in the staking pool and earn passive income! Each car has a different chance of winning, with Gold being the highest chance to win so far! Winner takes all. 

Pinkslip Finance’s platform utilizes NFT Technology, and the NFT aspect plays a
significant role in Pinkslip Finance hence it is important to understand how we achieve using this technology and what exactly is a NFT?
NFT stands for “Non-Fungible-Token” It is data that is stored or accounted for in a digital ledger. This data represents something specific or unique. For example we have seen NFTs represent art, music albums, digital files, or more recently the craze has been about standard JPEGs which have no utility.
However, when you buy an NFT, you are essentially buying a digital recording of ownership of a token, which then can be stored in your digital wallet such as metamask.
NFTs have proven to have its own category in the crypto sphere. It has gained significant adoption to the fact that it has its own section on the two largest cryptocurrency data websites coingecko.com & coinmarketcap.com.
NFTs are a significant entry point in allowing retail mass adoption, from little to no experience required. It is a fun way to invest and learn more about cryptocurrencies.

We believe what is currently lacking in the NFT world is that most non fungible tokens do not have any use cases or utility to it. And this is what Pinkslip Finance focuses on, attracting three crowds and bringing them into one place.
That is the NFT, Gaming & Defi crowd. All have similarities but come from different backgrounds. Pinkslip Finance aims to be one of the gateways into cryptocurrencies aiding with mass and retail adoption. Pinkslip Finance aims
to achieve this via a friendly and entertaining user experience. A new sector is emerging which has been named GameFi and that is where Pinkslip Finance will focus on as a niche to begin with.

Pinkslip finance

Cryptocurrencies are relatively new and still niche which is succeeding in adoption. In 2021 we now have subcategories within Crypto, two of which have successfully earned their titles (Defi & NFTs). We are now seeing a new niche
emerging which has been claimed to be called GameFi. A relatively new sector which combines a lot of new technologies. Just like DeFi & NFTs were once a niche, GameFi is still prematurely a niche as well. Pinkslip Finance aims to
continuously build through this new emerging sector and support the GameFi community, as GameFi grows we believe Pinkslip Finance will grow as well.

What is GameFi ?

GameFi is a new category which involves cryptocurrency projects having a gaming platform that provides a metaverse in a nutshell. which combines gaming and DeFi into one word, is the gamification of financial mechanisms
where users can earn profits by playing games. Another popular term for this sector is the play to earn model. On the surface, the keyword is “gaming,” but at the core, “finance” is what
matters the most for blockchains. Most GameFi projects have currently been a success, however the important aspect is continuing to build and cater for both the gaming industry as well as the defi clients which only adoption will define this in time. Although Niche, we can reference Axie Infinity’s success which is currently one
of the most popular crypto gaming platforms on the Ethereum blockchain. It has generated over $220 million USD over a 30 day basis, making it one of the top revenue generators among all DeFi protocols to date. Pinkslip Finance does not see any other GameFi projects as competitors, instead will find it’s place in the GameFi community and help build and contribute towards the GameFi industry.

About Polygon

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.

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About Pinkslip Finance?

Abstract: Pinkslip Finance aims to be a complete metaverse with key decentralized
finance components. The core elements allow users at any level to earn passive income whilst providing a gaming component for the experience to be friendly. The ethos has been inspired by multiple drag racing movies and
games. The term Pinkslip stands for the slang of an official title certificate to a vehicle, because in some states the document is or was pink. This is the source of the phrase “racing for pinks,” when the winner of a car race wins ownership of the loser’s car. The second part of the project name is Finance, which ties to
the decentralized ecosystem the platform will have. Combining gaming and finance brings us to a new era GameFi.

At is core, Pinkslip Finance aims to achieve its abstract via blockchain technology. It is an online drag racing game which falls under the new category of GameFi. Pinkslip Finance will use both NFT Technology as well as have a native token on the Ethereum Blockchain in the form of an ERC20 which will have a fixed supply. The purpose of the token is to fuel the platforms
gaming experience where users can buy the needed NFTs as well as cater for Defi clients which you can earn passive income via staking your Pinkslip tokens.
Users will have the choice to purchase three different types of NFTs which carry different traits of rarities. Each NFT gives you a different chance of winning the drag race but does not decide the outcome as the platform uses true
randomness. However the more rare the NFT is the greater chance you have in winning the drag race. The initial three different types of NFTs are as followed:
Bronze NFT: 30% chance of winning the drag race.
Silver NFT: 50% chance of winning the drag race.
Gold NFT: 70% chance of winning the drag race.

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About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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