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Ginga Finance Raises USD 370,000 (650 $BNB) in 24 Hours on the Pinksale Finance Launchpad

ByLouis Adams

Dec 14, 2021
Reading time: 2 minutes

Ginga Finance successfully raised 650 $BNB (USD 370,000) from 1,013 investors within 24 hours.

The Presale started on November 25, 2021, at 1900 UTC and ended on November 26, 2021, at 1900 UTC, raising 650 $BNB for Ginga Finance. Participants were required to contribute a minimum of 0.3 $BNB and a maximum of 0.75 $BNB. The rate was fixed at 1 $BNB for 494,186 $GIN tokens. Since their public presale was a success and it reached the hard cap, no $GIN was required to be  burnt. However, the team took the initiative and burnt 10% of the supply before launch to increase investor’s confidence.

At the end of the public presale, 40% of purchased $GIN were distributed to investors. 60% were vested and set for release at the rate of 20% every week. 

From the 1 Billion $GIN total supply, 321,220,900 $GIN had been allocated for public investors. Another 256,976,720 $GIN was set apart for initial liquidity on PancakeSwap, the largest decentralized exchange on the Binance Smart Chain (BSC), where $GIN is paired with $BNB. Liquidity is locked for two years, scheduled to be released only on November 27, 2023, at 1609 UTC. The PancakeSwap listing rate was set at 1 $BNB for 494,186 $GIN. 

Pinksale Launchpad is a popular launching pad for blockchain projects. For the safety of its project investors, the platform requires project owners to submit the necessary personal information (KYC) of their team. This is to cushion investors and protect them against scams and rug pulls. This deterrence against dubious developers is a confidence booster and an assurance to the investment community that the project is legitimate. Pinksale Finance will reveal the project owners’ identities in the event that investors want to press criminal charges.

Ginga Finance was launched on the BSC Blockchain. Holders with at least 250,000 $GIN tokens are rewarded with $BUSD reflection rewards every hour (volume dependent) from the buy and sell transaction fees. 

There are about 3,000 $GIN holders at the point of writing. Ginga Finance plans to release an NFT collection and wants to increase its Telegram followers to over 30,000 by the end of Q1 2022. They have also published a rap song on YouTube as a fun part of their marketing strategy. 

About Ginga Finance

Ginga Finance is a combination of the unique properties from decentralization cryptocurrency and manga. Originally, Ginga–the shooting star “GIN”, a ticker symbol adopted by Ginga Finance, was a popular manga series published weekly by Shueisha from 1983 to 1987 in Japan. Ginga received the 1987 Shogakukan Manga Award for best shōnen series and was licensed by Manga Planet in 2020 in North America.

Media contacts:

Company Name / Brand Name: Ginga Finance

Contact Person: Osman Cozel

Contact Person Title: Project Manager

Company e-mail: info@ginga.finance

Website: https://ginga.finance

Socials: http://t.me/gingafinance

Song: https://youtu.be/RKHI88ygQew

Contract Address : 0x2C77778C189AbAe5951AAB1100CeBd99A42307c5