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-- Recently crowned #1 launchpad by average ROI, Starter (https://starter.xyz), today announced it will host the Initial Dex Offering (IDO) of StripFinance (https://www.strip.finance/), a decentralized platform protocol for easing liquidity in the NFT space. 

As the Non-fungible token (NFT) space continues to vastly expand on the blockchain, hundreds of thousands of creators and enthusiasts interact daily, creating millions of dollars in value within the NFT space. The growing transfer and value of NFTs has created a liquidity challenge in the market that will be solved by StripFinance. The protocol will allow users to provide loans against the value of NFTs as collateral and unlock millions of liquidity currently locked away in ‘Blue Chip NFTs.'

“StripFinance will be offering something we have yet to see normalized in the NFT space: NFT collateralization. Their DeFi protocol will add another staple to NFT utility by allowing lenders and borrowers to use NFTs to conduct transactions and provide additional utility, “said Lionel Iruk, special counsel at Starter. “It's great to be a part of StripFinance's process to see how the protocol will further push the boundaries of the blockchain!”

Within the DeFi protocol, lenders will be able to provide stable coins as liquidity, matching lenders to borrowers who are interested to borrow against their valuable NFTs. The lenders will have control over the interest rate and the Loan-To-Value (LVT) they are willing to offer borrowers. 

The value of the collateralized NFT will be directly retrieved from the NFT Marketplace, creating a fair and transparent collateralization process. Once accepted, the NFT will be transferred and held in escrow. If the installments are paid within the timeframe, the NFT will be returned to the original owner. However, If there is a default, the ownership rights are transferred to the lender. 

Additionally, users will have the option to opt 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 veterans of the industry including Varun Satyam, Yuvraj Chhibber and Yash Jejani. So far, the protocol has recently completed a $1.5 million raise so far 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 Dex Announcement (IDO), $STRIP tokens will be made available for purchase at $0.40 USD. The tokens will offer additional leverage value in the event of the NFT price reduction into the risk threshold. Additionally, $STRIP will function as a native platform utility token to pay fees for other platform services and will be considered within the project governance regarding decisions for project updates, airdrops, burn schedules and developer and community grants. 

Starter's community has provided hassle-free funding to many well-known IDO launches and now adds StripFinance to its list. For more information on Starter's IDO launch of StripFinance, please visit https://starter.xyz/.

About StripFinance

Strip Finance is building liquidity easing solutions for the NFT space, initially launching a collateralized NFT borrowing and lending platform 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. 

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About Starter

Starter (https://starter.xyz) is the leading IDO launchpad, incubator, and investor network for @0xPolygon, $ETH, $AVAX, $FTM, and #BSC, having raised over $25M for 40+ projects, including Cake Monster, Wall St Bets, Nasdex, and Enjinstarter. Starter provides projects access to funding opportunities without the hassle of bureaucratic hurdles or complex KYC requirements. Starter's suite of products include a venture arm Starter.capital, launchpad Starter.xyz, and token vesting and liquidity locking StartVesting.xyz.

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Recently crowned #1 launchpad by average ROI,  Starter (https://starter.xyz), today announced it will host the Initial Dex Offering (IDO) of Starchi, Starter's first play-to-earn blockchain game featuring nostalgic battle leagues that promote societal values inspired by the original Tamagotchi. The IDO will be held on November 22, 2021. 

The game aims to remind users, otherwise named Collectors, of the lost values of humanity. The in-game Starchi, a species of never-before-seen, sun thriving creatures have long dwelled on Earth and are now facing an inherent and existential crisis, unable to survive as a result of humans encompassing the earth and spreading darkness across the planet due to self-created calamities. To reverse the course of the planet, Collectors will have the opportunity to adopt, raise and take care of the Starchi digital pets to help avoid extinction as well as create their own virtual battle arenas for friendly battles between Starchis. 

“As our first play-to-earn game, Starchi grasps at the roots of the issues faced by our society today. It's exciting to see so many of our users interested in the concept and the purpose of the game. The upcoming IDO will provide a chance for Starchi to be more widely disseminated allowing it to grow even more,” said Lionel Iruk, special counsel at Starter. “The hopeful success of the IDO and Polygon's backing will ensure that Starchi carries through the nostalgia felt by the early Tamagotchi fans, however, the additional DeFi and blockchain elements will invite new gamers to experience the Starchi magic.” 

Starchi Collectors will collect their earnings based on daily task completion of everyday responsibilities such as growing and nurturing the Starchi, taking part in friendly battles, staking their earnings, or raising Starchis to avoid their extinction. 

Starchi will operate on a dual token economy with the $START token to be used as a way to grant access to the game and trade Starchi. The second token, $ELIXIR, otherwise known as Starchi Liquid Luck will grant a variety of in-game, economic incentives. 

During the Initial Dex Announcement (IDO), 5,000,000 $ELIXIR tokens will be made available for purchase at $0.030 USD.

To create more earnings opportunities for the Starchi community to find their financial freedom, Collectors will have the ability to stake their $START and $ELIXIR earnings to get access to IDOs on Starter's launchpad. 

Starter's community has provided hassle-free funding to many well known IDO launches and now adds Starchi to the list. Collectors can begin their Starchi journey here https://starchi.gg/. For more details on Starchi's IDO launch with Starter, please visit https://starter.xyz/. 

About Starter

Starter (https://starter.xyz) is the leading IDO launchpad, incubator, and investor network for @0xPolygon, $ETH, $AVAX, $FTM, and #BSC, having raised over $25M for 40+ projects, including Cake Monster, Wall St Bets, Nasdex, and Enjinstarter. Starter provides projects access to funding opportunities without the hassle of bureaucratic hurdles or complex KYC requirements. Starter's suite of products include a venture arm Starter.capital, launchpad Starter.xyz, and token vesting and liquidity locking StartVesting.xyz.