What Is PartyFi (PFI)?
PartyFi is the improved version of traditional DeFi – a U2E (Use to Earn) gamified investing platform that allows users to party up to Trade, Network, Learn & Invest together as a single entity. They allows you to create or join a Party and choose a leader to manage your Defi investments. Pool funds together with a trusted Party Monarch who can invest them for maximum gains. The monarch party model is the first of three different kinds of governance models that will be released on the PartyFinance platform.
PartyFi Coin Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | PartyFi |
| Short Name | PFI |
| Total Supply | 200,000,000 |
| Max Supply | 100,000,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
pFi Token
The pFi token is the native token for the PartyFinance platform. To create parties on PartyFinance the pFi token is burned. PartyFinance has inbuilt governance. Use your pFi to vote on proposals.
Holding pFi with your PartyPunk will unlock a variety of features on the PartyFinance Platform. You can find out more about the pFi token here.
Create a Party
In order to create your own party you will need to own a minimum of 10,000 pFi tokens. These are burned to create your party. This mechanism causes the pFi token to be deflationary and limits the creation of unnecessary parties.
When you initially create your party you will decide what governance model shall be used (initially only the Monarchy type will be available). You will also decide whether it is public or private, how many partygoers can join and the minimum and maximum amounts any individual can deposit.
Anyone can join a public party, however private parties will be locked so that only invited wallets can join. In the future, parties will be able to whitelist an NFT as a transferable invite to your party.
Join a Party
In order to join a public party, you need to deposit a satisfactory amount of the denominated asset (usually USDC). You may not be able to join if the party is full. When you join a party, you will receive a liquidity token, which is your proof of ownership of your stake in the party. Even if more people join before or after you, your share remains the same and is only affected by the price increase or decrease of the assets the party purchases. You can learn more about the technical aspect of how this is acheived here.
Late to the Party
You can still join a trading party even if you are late. Once you deposit your funds, the smartcontract will automatically purchase the basket of assets to match the percentage that the party had before you deposited. You can find out more about how this works here.
Certain parties in the future will be time locked, once a certain asset is purchased. For example if a party is made to fractionalise a Bored Ape NFT, then members would not be able to join after the NFT is purchased, or leave until the the NFT has been sold.
Your Party Grouped Finance
Join your friends, influencers and DeFi experts alike, making gains along the way. You can monitor each of your parties performances in real time using the inbuilt platform analytics. Feel free to Party hop and join the top performing Party’s on the leaderboards, all made possible with the $pFi token.
U2E (USE TO EARN)
Get paid to Party with the biggest and best in DeFi. Complete objectives to earn $pFi and boost your rankings on the leaderboard. Compete to grow your Party to the highest trading volume and bring in as many rowdy Partiers as possible. Unlock perks and opportunities that set you apart from the pack, pushing your Party’sFinances to the next level.
Roadmap
Q1 2022
- Sell-out PartyApe NFT’s
- Complete PartyFinance Beta with real funds on Polygon network
- Execute Strategic Marketing Partnerships
- Launch pFi token on Polygon Network
- Launch PartyPunks NFT Collection
Q2 2022
- Sell out PartyPunks NFT Collection
- Launch PartyFinance Platform App on Polygon Network with only Monarchy Parties
- Launch Platform App on BSC Network
Q3 2022
- Launch on additional networks (TBA)
- Add Chat functionality to the platform
- Add further functionality for all Party Types
- Enable NFT Party Passes
- Add additional functionality to Parties
Q4 2022
More information will be available soon…
