08 Oct 2021 Morgan Hayze
What Is The Peachfolio App?
The decentralized finance (DeFi) space has grown exponentially over the last few months, going from around $300 million in total value locked in March of 2019 to over $200 billion at press time, according to data source DefiLlama.
While years ago, finding a DeFi protocol with over $1 billion in total value locked was rare and considered dangerous, there are now numerous such protocols across various blockchains. Innovation in the DeFi space is soaring, and with it are incredible opportunities for investors.
Tracking everything that’s going on can at times feel like a full-time job, partly because the infrastructure has been created to offer users new products and services, and not to keep track of things: until now.
The Peachfolio App is the answer decentralized finance users have been looking for, as it’s an app that helps them track their portfolio across multiple blockchains, track market data, and more.
Tracking Everything In DeFi
One of the main advantages of the Peachfolio app is it allows users to track every single token issued on both the Ethereum (ETH) and Binance Smart Chain (BSC) networks from the moment they launch, instead of forcing users to analyze contract addresses on their wallets.
The app was launched on the Google Play Store and Apple’s app store in June 2021 and has seen since its userbase exploded to over 60,000 daily active users. The DeFi community has recognized the value the Peachfolio app has and even gave it an average rating of 4.9/5 across both platforms.
Peachfolio app users can track as many BSC and ETH addresses as they want to and have access to real-time charts, market capitalization stats, their entry prices, profit or loss per tokens, and more.
On top of that, they have access to the day’s gainers and losers in the DeFi space to gain additional insights into the market. The application is available in 10 different languages including English, Spanish, French, Hindi, Japanese, Turkish, Russian, Mandarin Chinese, and Arabic.
Behind the application is a team with a track record of delivering high-quality products that give the cryptocurrency community what they actually need and ask for in a timely manner. While the team has remained anonymous up to now, they will be revealing themselves to the public in the near future in a highly-anticipated Ask Me Anything session on Twitch.
The Peachfolio Ecosystem
The team behind the application isn’t just focusing on a market-leading portfolio wallet and portfolio tracker but will bring in a lot more to the table. Aside from the Peachfolio app, the following products are being developed by the team:
- PeachHub: PeachHub is a fully integrated web application that delivers cutting-edge data and analytics to help traders improve their performance on the market. PeachHub offers them real-time data, charting, breaking news, and powerful analytics to offer them market-wide coverage in one platform.
- PeachLearn: PeachLearn is a platform that will offer traders educational resources to help them trade like professionals on any blockchain.
- PeachAnalytics: This is a platform aggregating data from multiple sources to eliminate hours of tedious research and help traders make informed decisions when the time is right, and not long after opportunities are gone.
- PeachFinance: PeachFinance will integrate with PeachWallet, allowing users to trade, store, and earn interest on their cryptocurrencies. It will include fiat-to-crypto exchange as well as a number of advanced trading and earning features.
It’s important to understand that the Peachfolio ecosystem requires users to hold the $PCHF token in order to access its applications. Pricing tiers can be seen in the image below and serve as incentives for both community engagement and token support.
$PCHF Tokenomics
The $PCHF token, as mentioned above, is used to grant users access to all of the Peachfolio ecosystem, and has specific tokenomics users should be aware of, including an 8% tax on every transaction.
The revenue from the transaction tax is split as followed: 2% goes to provide liquidity on decentralized trading platforms, 2% is used to further the development of the ecosystem, while 4% is reflected to holders to reward long-term investment.
50% of the tokens were sold during a public sale, while 29% were sold during a pre-sale round. The team has 8% of the tokens locked for six months, while 13% of the tokens are used for marketing. These are only unlocked at roadmap achievements.
You can learn more about the project on Peachfolio’s website.
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