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Leading Incubator, Starter to Host Token Sale for the Financial Layer Protocol of the Metaverse, StripFinance

Decentralized StripFinance Platform to Facilitate Liquidity in the Growing NFT Space by Giving Users Access to Capital, Direct Access to Auctions, Pools and Market

BRITISH VIRGIN ISLANDS, Nov 10, 2021 (GLOBE NEWSWIRE) – (via Blockchain thread) – Recently crowned # 1 launch pad by average ROI, Starter (https://starter.xyz), today announced that it will host StripFinance’s initial Dex (IDO) offering (https://www.strip.finance/), a decentralized platform protocol to facilitate liquidity in the NFT space.

As the non-fungible token (NFT) space continues to expand dramatically on the blockchain, hundreds of thousands of creators and enthusiasts interact daily, creating millions of dollars of value within the NFT space. The increasing transfer and value of NFTs has created a liquidity challenge in the market which will be addressed by StripFinance. The protocol will allow users to provide loans against the value of NFTs as collateral and unlock millions of cash currently stuck in “Blue Chip NFT”.

“StripFinance will offer something that we haven’t seen standardized in the NFT space yet: the NFT Guarantee. Their DeFi protocol will add another core element to the NFT utility by allowing lenders and borrowers to use NFTs to transact and provide additional utility, ”said Lionel Iruk, Special Advisor at Starter. “It’s great to be a part of StripFinance’s process to see how the protocol will push the boundaries of blockchain even further! “

Under the DeFi protocol, lenders will be able to provide stablecoins in the form of liquidity, by matching lenders with borrowers interested in borrowing against their valuable NFTs. Lenders will have control over the interest rate and Loan-To-Value (LVT) they are willing to offer borrowers.

The value of the guaranteed NFT will be directly retrieved from the NFT marketplace, creating a fair and transparent guarantee process. Once accepted, the NFT will be transferred and held in escrow. If the down payments are paid on time, the TVN will be returned to the original owner. However, if there is a default, the property rights are transferred to the lender.

In addition, users will have the option of opting for a pool, where investor and lender funds and NFTs will be pooled and create a stronger collateral and better security for all parties involved.

StripFinance is founded by industry veterans including Varun Satyam, Yuvraj Chhibber and Yash Jejani. So far, the protocol has recently completed a $ 1.5 million fundraising round from LD Capital, Old Fashion Research, Nothing Research, Tenzor capital, Exnetwork Capital, Valhalla capital, Block0, Shima Capital, Lancer Capital, MEXC Global Exchange. , Kryptos Research, The NewField Fund, ZBS Capital, Starter Capital, J10M Capital, Wave 7, among others.

During the initial announcement of Dex (IDO), $ STRIP tokens will be available for purchase at $ 0.40 USD. The tokens will provide additional leverage value if the NFT price falls within the risk threshold. Additionally, $ STRIP will function as a native platform utility token to pay the fees for other platform services and will be factored into the governance of the project with regards to decisions regarding project updates. , airdrops, burn schedules, and developer and community grants.

The Starter Community has provided hassle-free funding to many well-known IDO launches and are now adding StripFinance to their list. For more information on StripFinance’s Starter IDO launch, please visit https://starter.xyz/.

About StripFinance
Strip Finance is developing liquidity easing solutions for the NFT space, initially launching a secured NFT borrowing and lending platform on Binance Smart Chain. The platform’s ability to back NFTs through its liquidity protocol enhances the value proposition for both asset owners and yield-seeking investors.

The idea was conceptualized in response to the global explosion of interest in digital property by a team of entrepreneurs, traders, and crypto industry pillars with experience as advisors and investors.

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About the starter
Entrance (https://starter.xyz) is the leading launch pad, incubator and network of IDO investors for @ 0xPolygon, $ ETH, $ AVAX, $ FTM and #BSC, having raised over $ 25 million for more than 40 projects, including Cake Monster, Wall St Bets, Nasdex and Enjinstarter. Starter allows projects to access funding opportunities without the hassle of bureaucratic hurdles or complex KYC requirements. The Starter product line includes a venture capital arm Starter.capital, launching ramp Starter.xyz, and the acquisition of tokens and liquidity foreclosure StartVesting.xyz.

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