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About Pine
- $PINE is the native cryptographically-secured fungible protocol token of Pine.
- $PINE functions as the native governance token, access token, and economic incentives.
- $PINE is an integral and indispensable part of Pine, encouraging users to participate in the ecosystem.
- $PINE Holders have control over the PineDAO, governing the Pine protocol and platform.
- $PINE allows holders to propose and vote on on-chain governance proposals.
- Voting weight is calculated in proportion to the tokens staked.
- $PINE is rewarded to users based on their actual usage, activity, and efforts on Pine.
- $PINE Holders get exclusive access to tier-based
About Pine: Empowering a New Era of Decentralized Finance
The native, cryptographically secured, fungible protocol token of Pine (ticker symbol $PINE) embodies a transferable representation of attributed governance and utility functions, as explicitly outlined in the protocol’s code, and is deliberately designed to serve solely as an interoperable utility token within the Pine ecosystem.
The native governance token, $PINE, serves as a multifaceted catalyst, facilitating access, incentivizing participation, and fostering a mutually beneficial ecosystem within Pine. By distributing $PINE as a form of compensation, users are encouraged to contribute and engage actively, thereby creating a fair and reciprocal system. The token’s significance cannot be overstated, as its absence would render the ecosystem devoid of incentives, leaving users without motivation to allocate resources or provide services. Notably, additional $PINE allocations are contingent upon actual usage, activity, and effort expended on Pine, with the frequency and volume of transactions serving as key determinants. Consequently, inactive users and $PINE holders who fail to participate will not be eligible to receive $PINE incentives.
$PINE holders will wield control over the PineDAO, the governing body that oversees both the Pine protocol and the Pine Platform, thereby dictating their future development trajectory. By virtue of their token holdings, $PINE holders will be empowered to propose and vote on on-chain governance proposals, thereby shaping the future features and parameters of Pine. The voting weight will be calculated in proportion to the tokens staked, ensuring a democratic and decentralized decision-making process. Notably, the voting rights afforded to $PINE holders are strictly limited to influencing the development of Pine and do not confer any authority to vote on the operational management of the Company, its affiliates, or their assets, nor do they grant any equity interest in these entities or constitute a collective investment scheme. Furthermore, this arrangement is not intended to be construed as a joint venture or partnership. For instance, users may propose the allocation of PineDAO Treasury funds (which holds protocol funds) towards platform and protocol maintenance, enhancements, grants, strategic partnership budgets, governance initiatives, and other incentive programs. Following the governance launch, no individual or corporate entity, promoter, sponsor, or affiliated party will maintain sole control over Pine, ensuring a decentralized and community-driven ecosystem.
Pine, in its essence, is a blockchain protocol that, by design, lacks the resources necessary for utilization. Consequently, to enable the protocol to fulfill its core function as a NFT liquidity protocol, users must be incentivized to deposit assets into the borrowing liquidity pools, thereby providing liquidity for loans. As a reward for their contribution, these liquidity providers, who facilitate the adoption of Pine by staking or adding assets to liquidity pools in exchange for LP tokens, will receive $PINE, with the allocation based on each user’s relative contribution, adjusted according to various correction parameters. By distributing $PINE in this manner, the governance token will be primarily allocated to key network contributors, granting them a voice in shaping protocol parameters.
Similarly, users who deposit their NFTs and take out loans can also participate in the user incentive programs, thereby unlocking additional benefits.
$PINE serves as a loyalty membership point, categorizing users into distinct tiers based on their $PINE holdings, activity levels, and transaction volumes. As a result, $PINE holders will enjoy exclusive access to tier-specific privileges and entitlements, including, but not limited to, priority access to select liquidated NFT assets, discounted interest rates or service fees for borrowing, and seniority within the platform, thereby enabling lenders to command more favourable interest rates on loans.