Strip Finance Testnet Launch Date

StripFinance has announced the launch of its Testnet will be rolled out for public participation on November 25, 2021.

The platform’s testnet was initially accessible for partners and a limited group of community members allowing them to implement their feedback and make it better.

The testnet launch comes following the platform’s successful native token $STRIP launch. Strip Finance’s IDO was successfully conducted on NFTpad and Starter with overwhelming participation.

It was later followed by a listing on PancakeSwap and a Kickstarter program on MEXC Global with a participation rate of 85000% which was 170X of the minimum required post which $STRIP is listed on the exchange under the innovation zone.

The testnet is built on Rinkeby and has all the proposed functions of fetching NFT assets from marketplaces, inviting bids from lenders, allowing lenders to propose the number of installments, interest rate, loan-to-value ratio (LTV), etc.

At the last count, 28,300 unique verified users have signed up for the testnet.

“We are very proud of what we have built and this is a milestone for us in our journey to be able to deliver a well functioning product in the proposed timeline. We will keep adding more value features and ensure all our future targets are met as well”, said Varun Satyam, CPO of Strip Finance.

Strip Finance was launched with the idea of easing liquidity for the NFT market through its collateralization platform to enable borrowing and lending. With the upcoming launch of the testnet, the project is a step closer to its mission.

About Strip Finance:

Strip Finance is building a collateralized NFT borrowing and lending platform initially launching on Binance Smart Chain. The platform’s ability to collateralize 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 ownership by a team that comprises experienced crypto entrepreneurs, operators, and stalwarts of the crypto industry as advisors and investors.

Strip Finance’s Community:
Website | Twitter | Telegram | Announcements | Github | Medium

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