Pacific DeFi — Weekly Report: Sept 13–20

Current Weekly Summary:

  1. First of all, we would like to thank all the IDO participants for investing in our IDO on KCCPad. We appreciate the support and guidance from our incubators and the community as a whole and we are very grateful to have you guys
  2. We raised a total of $400k USDT from KCCPad, in which a total of $100k has been used alongside 5,000,000 $PACIFIC to make the market on PancakeSwap DEX ($200k USD in total)
  3. This now leaves about $300k USDT for safe-keeping. Funds will be utilised with utmost care, really going towards the development of the staking/LP staking contracts, high-yield vaults, lending & borrowing as well as the launchpad function
  1. UX/UI for App Homepage, Liquidity Pools, High-Yield Vaults have been drafted and completed. UX/UI for lending will be worked on in the next couple weeks
  2. Due to a last minute change in contract address due to the inclusion of BSCPad’s anti-bot features, we are now conducting a brand-new audit by NonceAudits for our token. The new contract address link:

3. UX/UI integration of the App Homepage is coming along well and we have hired 2 additional resources to work on speeding up the roll-out

4. Staking and LP staking contracts are being developed. Liquidity mining contracts are also being developed in this time-line and should be ready in the next 3–5 weeks

  1. New website: www.pacific-defi.com is now live!
  2. The current airdrop on CMC is helping us get exposure on their platform with over 100k+ adds to the watchlist. You can view us on CMC here:

https://coinmarketcap.com/currencies/pacific-defi/

3. We have been added to CoinGecko and PooCoin as well

4. We have a few influencers on Twitter we have been using pre-IDO and will continue to use them along with testing new influencers with regards to upcoming product announcements and partnerships

5. Partnered with HyperCube to do Pacific DeFi’ s branding video — https://hypercube.video/

6. We will continue to work within our community by spreading word of mouth as that is the best marketing tactic — by offering cash prizes to long-term $PACIFIC holders to show appreciation for their loyalty to the project

7. Daily Twitter updates, and TG announcements/engagements will be continuing as it is important we are transparent and engaging to our community

  1. The team will operate two pools for the liquidity mining process: PACIFIC and PACIFIC-BNB. These pools will run for 2–3 months and distribution 1–2mn tokens initially
  2. Product focus is on high-yield fixed income vaults via auto-staking strategies for stablecoin and non-stablecoin deposits. These single token deposits allow for users to generate yields across high-grade DeFi protocols on the BSC, ETH, Polygon and Solana ecosystems
  3. A ‘Lending’ feature so users can deposit stablecoins and earn yield will also be developed. These stablecoins will be lent out in the high-yield vaults to generate higher stablecoin yields and increase leverage for non-stablecoin deposits (e.g. BNB)
  4. To deepen our liquidity pools, we will partner with other DEXs so that users are able to stake on these platforms to earn the 30mn additional $PACIFIC rewards out of the 100mn total token supply
  1. Private sale concluded
  2. IDO on the 17th September 2021 via KCCPad concluded

Official Twitter: 48k followers

Official Telegram: 54.5k members

Contact us:

Official email address: info@pacific-defi.com

Pacific DeFi is a financial eco-system offering the best stablecoin and altcoin yields in #DeFi