Review Pontoon Finance ($TOON) – Cross-chain liquidity mirroring protocol

The pontoon Finance was born when on the market, there are many DeFi projects with their own advantages and disadvantages. The projects are still on many different blockchain platforms, and the problem of interoperability between chains is relatively difficult. Therefore, solutions for aggregating liquidity between different chains are essential, and optimizing asset utilization is also a matter of concern.

Concept project – What is Pontoon Finance?

Pontoon Finance is a protocol built on BSC with Cross-chain technology to take advantage of and optimize liquidity across protocols. From there, the protocol wants to bring a DeFi product that best improves the above problems.

The protocol provides users with extremely simple liquidity mirroring on Ethereum, Binance Smart Chain, Polygon, Avalanche, HECO, xDai, and Optimism with incentivized and mining Relayer Network. liquidity for cross-chain LPs (liquidity providers).

Pontoon Finance is focusing on unlocking the potential of decentralized finance. In order to drive mass adoption in its truest sense, there are prerequisites including a high degree of intuitiveness, low gas costs, and cross-chain interoperability.

Outstanding features

What is the project trying to achieve?

Pontoon Finance is a cross-chain liquidity mirror protocol addressing issues related to centralized exchange dependency, composability, and liquidity fragmentation. With innovative features, it aims to provide one-click liquidity mirroring across various chains leveling up the DeFi infrastructure to drive utility.

What is unique selling point?

Pontoon walks the walk. They have been extensively audited by some of the best in the industry with solid backing to boot. The feature stack includes, but is not limited to:

• Decentralized Relayer Network: The relayer network makes cross-chain transfers trustless and gasless. And it passes on events across chains for each transfer to the bridge;
• Trustless Cross-Chain Bridge: Token swaps across multiple chains are conducted seamlessly with Pontoon’s state-of-the-art relayer network;
• Cross-Chain Liquidity: Users can add liquidity and earn rewards in Pontoon’s native token, $TOON, across various chains;
• Composability: The design of Pontoon is meant to interact with any DeFi application seamlessly. Pontoon enables multichain liquidity mirrors to unlock underutilized assets trustlessly without any need for intermediaries. Pontoon users can launch a single window with unified access to digital assets and ease of cross-chain DeFi composability with just one click.

RoadMap

Technical data

Key metrics 

• Token Name: Pontoon.
• Ticker: TOON.
• Blockchain: Binance Smart Chain.
• Token Standard: BEP-20.
• Contract: 0xaeE433ADeBe0FBB88dAa47eF0C1A513CaA52EF02
• Token Type: Governance, Utility.
• Total Supply: 100,000,000 TOON.
• Circulating Supply: Updating…

Token allocation

Token use case

TOON is the native token of the Pontoon Protocol. It contains features such as governance, incentives, and Proof of Stake (PoS):

• Governance: Token holders can vote on the direction of the protocol and fund allocation from the treasury.
• LP Incentives for LPs and Relayers: Liquidity providers will be incentivized for providing liquidity on each network.
• Proof of Stake Relayer Network: A network secured by a series of validators running relayer nodes and getting incentivized on the fee collected.

Token sale

• Where to buy TOON: IHO page;
• Where to whitelist and KYC for the sale: KYC page. You must have a KYC’d wallet to participate in this sale. 
• Amount to raise: $700,000;
• Tokens for sale: 2,000,000 TOON (2% of Total Supply);
• Token price: $0.35 per TOON;
• TOON Metrics: Metrics PDF;
• Payment method: HOTCROSS-BNB PCS V2 LP’s, BNB zapped into HOTCROSS-BNB PCS V2 LP’s, or BUSD zapped into HOTCROSS-BNB PCS V2 LP’s;
• Launch Time: October 28th, 2021. The exact clock time will be announced super soon. You will have ample time to participate;
• IHO Duration: ~4 Hours;
• Vesting: No Vesting;
• HOTCROSS Holding Requirements: 0 Holding Requirements;
• Tiers: 0 Tiers, everyone is on the same level;
• Lotto: No lotto, everyone who KYC’s can participate;
• Deadline to whitelist: October 25th, 2021 (00:00). Do not delay. Start now;
• Capped Session Amount: TBD;
• Uncapped Session Amount: TBD;
• HOTVIP: This is absolutely not required for participating in the first IHO. It’ll come, soon, but not needed right now.

How to own the token?

To own TOON tokens:

• Become validators to secure the Pontoon network and receive rewards from transaction fees.
• Provides liquidity to the network.

Markets and Community

Community

Pontoon Finance has crossed the mark of 19,000 Followers on Twitter.

Backers

Team/ Founders

Updating…

Advisor

Supported chains

Pontoon will be supported and cross-chain interoperability between layer 1 blockchains like Ethereum, Binance Smart Chain, Huobi Eco Chain, Polygon, and even layer 2 like Optimism.

Conclusion and analysis

$TOON remains central to the incentivization structure of Pontoon Finance and has a direct correlation to the financial activity performed in the prevalent ecosystem. To maximize efforts will also be synergizing with strategic partners to establish strong partnerships as advance forward in the mission to be the ultimate liquidity mirroring solution in the DeFiverse.

Find more information about Pontoon Finance:

Website: https://pontoon.fi/

Telegram: https://t.me/pontoon_fi

Twitter: https://twitter.com/PontoonFi

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

Elise

Coincu research