Meet Pencils' community-focused SOUL NFT Drops

Pencils Protocol, which has achieved significant growth both in user base and Total Locked Value (TLV), has emerged as a leading DeFi platform on Scroll. Pencils Protocol is introducing SOUL NFT Drops, a special event designed to reward active participants in its ecosystem, to celebrate its community and encourage participation.

The SOUL NFT event will start at 00:00 UTC on August 5, 2024 and will continue until the end of August 2024. The duration of the event can be adjusted according to participation levels. To be eligible for rewards, participants must complete a ZK verification during the event period.

How can you participate in the SOUL NFT event?

Participants can secure their SOUL NFTs by following the steps below:

1. Link Social Identity: Users must link their social identities to their accounts on the Pencils Protocol website.
2. Complete ZK Verification: Users must complete the verification process within the activity period to qualify.
3. Printing SOUL NFT: The minting process is free and transaction costs depend on real-time network costs on the Scroll chain. Each address can only mint once.

Users have the chance to increase their rewards by inviting friends through a referral link. Referrers will earn 10% of direct referrals and 5% of second-level referrals in Pencils Points.

Additional participation benefits

Participants in the SOUL NFT event will have the opportunity to win:

• Pencils Protocol Airdrop: Accumulate Pencils Points that can be used for future token airdrops.
• Vault Benefits: Access advanced leverage and yields within Pencils Vault.
• Store Discounts: Enjoy special discounts at Pencils Store.
• Auction Priority: Obtain priority access to new project allocations.

Collaboration with industry partners

The SOUL NFT campaign is currently being conducted in collaboration with Trusta Labs, Galxe, and others. Users can also unlock additional rewards by participating through Galxe and Trusta Labs’ event portals. Details regarding incentives from ecosystem partners will be regularly updated and shared on Pencils’ official X account.

Pencils Protocol invites its community to participate in the SOUL NFT event, which is an initiative aimed at increasing user engagement in the DeFi space and offering special rewards.

About Pencils Protocol

Pencils Protocol is a next-generation decentralized platform that combines auction services for blockchain local assets and RWAs, as well as leveraged yield aggregation services to potentially maximize user asset utilization.

Users can follow Pencils Protocol on its official social media channels for more information and updates.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.