TechFlow reports that points trading protocol Pichi Finance has announced the launch of its governance token, PCH, aimed at fostering ecosystem and project growth. The PCH token will play a key role in price discovery before and after the token generation event (TGE), enabling trustless points trading without collateral. Key aspects of the PCH tokenomics are as follows:
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Total supply is 1 billion tokens, with an initial circulating supply of 125.5 million. A total of 5% of the supply will be distributed via community airdrops in two rounds.
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Public sale allocation is 1%, investor/partner allocation is 3.35%, and liquidity and ecosystem allocation is 3.2%.
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The remaining tokens will be locked and unlocked according to a predefined schedule.
Pichi Finance stated that the PCH token claim checker will go live prior to the start of claims. Currently, PCH token claims and trading are not yet open; the specific timeline will be announced later. Generally, claiming will open when PCH becomes available for trading on decentralized exchanges (DEXs) and centralized exchanges (CEXs).
Previous report: Points trading protocol Pichi Finance raises $2.5 million in funding led by Signum Capital.
