Octav is a free, anonymous, and editable data analytics platform that helps DeFi traders track their decentralized finance investments regardless of skill and experience. This portfolio tracker boasts a user's curated database providing users with in-depth information, including cost-basis, profit, loss, and more. However, its top feature is a user-editable dashboard enabling traders to make better-informed investment decisions. Most DeFi trackers, even after several years on the market, still need this essential function. A high-performance analytics platform rarely lands in…
We do not provide any kind of financial advice. Always DYOR.
Pterosaur Finance – Unlocking DeFi Yield with NFTs on Avalanche
Pterosaur Finance is a new player in the DeFi sphere that aims to unlock yield with NFTs on Avalanche. It combines a gaming economy, NFTs, and the opportunity to earn a passive income through crypto.
This new project will provide users with a new native token (PTER) and a range of NFTs. It also has a decentralized governance structure and an innovative liquidity mining program.
Today’s review aims to introduce Pterosaur Finance and its features fully. In addition, we will look at the project’s token utility, the launch of new NFTs, and the team’s roadmap.
What Is Pterosaur Finance?
Pterosaur Finance is a new project that combines DeFi and NFT technologies to provide users with a new Web3 experience. This combination creates a variety of features and incentives targeting multiple types of users.
For starters, rewarding the community for their involvement is at the heart of Pterosaur Finance. Community members can get PTER in return by pledging tokens. This incentivizes users to stay active, as there are rewards for participating in the ecosystem.
The system’s gas-free transactions make your financial transactions much cheaper and more practical than on other platforms. Pterosaur Finance also lets users destroy tokens by buying NFTs to boost their value.
Discovering the PTER Token
The PTER Token is a utility token used to power the various functions of the Pterosaur ecosystem. This includes governance rights, buying NFTs, playing games, and more.
PTER tokens follow a predetermined allocation ratio. Ten percent of PTER tokens are allocated for Initial Liquidity, while forty percent will go to liquidity mining rewards. Twenty-five percent will fund NFT mining rewards, and one percent will go to the community treasury. Furthermore, five percent of the total token amount will go to the team’s wallets.
Ten percent of the PTER tokens will foster liquidity provision, market making, and marketing. Eight percent of the tokens will represent the project’s in-game virtual currency.
Last but not least, one percent of all PTER Tokens will enter the team’s airdrop mechanism. The section below will provide additional details about airdrops and how users can participate.
As mentioned above, a part of the tokens issued by Pterosaur Finance will go to airdrop events. The team will randomly choose active Telegram, Discord, and Twitter users to receive tokens.
The total number of airdrops is ten, and each airdrop will have its selection criteria and reward amount (1000-1000000 PTER). The online communities will see a subsequent announcement every time an airdrop ends.
The founders believe this will boost Pterosaur’s position in DeFi and reward project supporters. Pterosaur looks forward to seeing more people joining them and contributing to this project’s long-term growth.
Farming Yield on Pterosaur
To start with Pterosaur, users must first connect their wallet to the AMAX-c network. Once connected, users can select a mining pool they want to use and click the “enter” button. After entering their details, users must approve tokens for pledge operations.
At this point, they can select their desired lock-up time and pledge quantity of tokens. Users will receive PTER earnings upon clicking the “harvest” button. When they want to withdraw their tokens, they can input the amount and click the “withdraw” button to collect them.
The process described above is a way to start earning PTER yields. Those who pledge their tokens for a predetermined time will also receive additional bonus benefits.
The Launch of New NFTs
The team has announced the launch of several NFTs on the Pterosaur platform. These five NFTs—Night Slayer, Walking Fire, Sandstorm, Spectre, and Ancient Glacier—have different characteristics and offer different benefits for buyers.
The Night Slayer is 4.3 meters high and can ambush its prey quickly at night. The Walking Fire boasts of a body made from lava and can spew out a fire if provoked. Finally, the Sandstorm stands 5 meters tall and can manipulate sand, making it a formidable opponent.
The Spectre is 5.5 meters high with an uncanny ability to remain invisible in any location without being seen. And finally, the Ancient Glacier measures 8 meters high and has the power to control ice.
Pterosaur lets users purchase and stake NFTs by pressing the + or – button.
To stake any of these NFTs, users must follow a few steps. First, they must click the stake button and approve the NFT for pledge operations.
From there, they can select the pledge quantity and click the harvest button to get PTER earnings. Finally, to withdraw their NFTs, they must input the amount they want and click withdraw.
With this launch, Pterosaur continues providing users with digital assets they can own, use, and trade.
The Team’s Roadmap
The team shared a roadmap with the market divided into four quarters. Let us focus on each of them to see what the founders plan for the project.
The first phase – which is now over – began with research and exploration. The team developed a complete protocol architecture to be elegant, efficient, and highly secure. Furthermore, the developers successfully launched the Pterosaur website, which acts as a gateway to their network.
The ongoing second phase began with completing the smart contract audit by SolidProof. This third-party audit verifies the code and ensures that Pterosaur smart contracts are secure and trustworthy.
The next step is to list the PTER token on CoinGecko and CoinMarketCap, two leading digital currency trackers. This listing will increase exposure for the asset and allow more users to access and purchase the token.
Following the listing, the team will release an airdrop to existing token holders and other groups supporting Pterosaur’s development. This airdrop will incentivize continued platform use and help grow its user base in anticipation of the project’s official launch.
Furthermore, the NFTs described in this review will be available for purchase starting in Q1 2023. This will mark a major milestone for Pterosaur, as users will benefit from the features provided by non-fungible tokens.
The third phase will open with an increased focus on marketing partnerships and developing more cross-chain integrations. In addition, the team will create even more pools for users worldwide, allowing them to earn tokens using their crypto assets.
By focusing on increasing its user base and expanding into new markets, Pterosaur can bring more value to our network.
The last phase in the team’s roadmap is to create a full suite of modular development components. Furthermore, the project’s official game launch will boost the community’s engagement level on the platform.
The project will also focus on cross-chain expansions, allowing users to access various blockchain networks easily. This will open up many opportunities for interoperability between blockchains and decentralized applications.
Lastly, the team will be debuting synthetic assets and derivative trading in Q3 2023. This will allow users to trade assets with leverage, access liquidity pools, and more. With these features in place, the project’s goal of becoming a decentralized finance hub will be complete.
Bottom Line – A New Player in the DeFi Sphere
Pterosaur Finance is an ambitious project which aims to bring new features and innovative solutions to the decentralized finance space.
With its token launch, NFTs, and more, it’ll be interesting to see how this project develops in the coming months.
Pterosaur Finance’s website is live, providing its community a platform to access its digital assets and trade tokens. Furthermore, the team’s social media pages (Twitter, Discord, and Telegram) always report the latest news and updates.
Disclosure: This is a sponsored post. Crypto Adventure cannot and does not contain financial advice. The information is provided for general informational and educational purposes only and is not a substitute for professional advice. Trading cryptocurrencies is a highly risky activity and can lead to major losses. Accordingly, before taking any actions based upon such information, we encourage you to consult with the appropriate professionals. We do not provide any kind of financial advice. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED ON THE SITE IS SOLELY AT YOUR OWN RISK. Learn More