Pine PricePINE

What is Pine (PINE)?

Pine (PINE) is the native cryptographically-secured fungible protocol token of the Pine protocol, issued on the Ethereum blockchain as an ERC-20 token and also deployed on Polygon. Pine is a decentralized asset-backed lending protocol that lets borrowers borrow fungible digital tokens from lenders using non-fungible tokens (NFTs) as collateral. According to the project's own documentation, PINE is a transferable representation of the governance and utility functions specified in the protocol code, and it is designed to be used solely as an interoperable utility token within the Pine ecosystem. The token serves as the governance token, access token, and economic incentive mechanism of the platform, distributed to reward users who contribute to and participate in the ecosystem. The project positions PINE as an integral and indispensable component of Pine, arguing that without the token there would be no incentive for users to expend resources on activities or services that benefit the broader ecosystem. Additional PINE rewards are allocated based on actual usage, activity, and the frequency and volume of transactions, meaning passive holders who do not actively participate do not receive incentives. Pine has a maximum and total supply of 200,000,000 PINE. The project is associated with the Ethereum and Polygon ecosystems and is tagged as part of the Amber Group portfolio. Public information about the project's current development stage remains relatively limited, though the token continues to be tracked across multiple market data platforms.

Key Specifications & Tokenomics

• Name: Pine
• Ticker / Symbol: PINE
• Blockchain / Platform: Ethereum (ERC-20 token)
• Contract Address (Ethereum): 0x569424c5EE13884A193773fDC5d1c5f79C443a51
• Contract Address (Polygon): 0x612D833c0c7A54cdfBe9a4328B6d658020563Ec0
• Token Type: ERC-20
• Total Supply: 200,000,000 PINE
• Max Supply: 200,000,000 PINE
• Circulating Supply: 0 per static registry data; the project self-reports 198.84M PINE (99.42% of total supply).
• Category: Governance token, utility token
• Official Website: https://pine.loans/
• Whitepaper / Documentation: https://docs.pine.loans/introduction/overview
• Twitter / X: https://twitter.com/PineProtocol
• Official Announcements: https://medium.com/@PineLoans
• Community: https://discord.gg/pineprotocol
• Launch Date: 2023-02-10 (project states it launched in 2023); CoinMarketCap listing date: 2022-11-17.
• Tags: Ethereum Ecosystem, Polygon Ecosystem, Amber Group Portfolio
• Explorers: etherscan.io; polygonscan.com
• CoinMarketCap ID: 22698
• Security: CertiK rating 3.3 (out of 5), with audits recorded on the CoinMarketCap listing.

Who created Pine (PINE)?

Pine's founders are Justin Herlick (Co-founder) and Jonathan Shih. No further verified background on advisors or organizational structure is available in public sources. Investors should note that the project's governance documentation explicitly states that holding PINE does not constitute any equity interest in the company, its affiliates, or any collective investment scheme, and does not entitle holders to vote on the operation and management of the company or its assets. This distinction is important for understanding the relationship between token holders and the development team.

How does Pine (PINE) work?

Pine operates as a governance and utility protocol on Ethereum. The core mechanism revolves around PineDAO, through which PINE holders exercise control over both the Pine protocol and the Pine Platform, managing their future development. Holders can propose and vote on on-chain governance proposals that determine future features and parameters of the protocol, with voting weight calculated in proportion to the number of tokens staked. For example, users may propose the usage of the PineDAO Treasury, which holds protocol funds, for purposes such as platform and protocol maintenance, enhancements, grants, strategic partnership budgets, governance initiatives, and other incentives. The voting right is strictly limited to features of the Pine protocol and does not extend to the operation, management, or asset disposition of the company or its affiliates. The token also functions as an access and incentive mechanism, rewarding users based on their actual usage and contribution to the ecosystem rather than passive holding, creating what the project describes as a mutually beneficial system where every participant is fairly compensated for their efforts.

What makes Pine (PINE) unique and valuable?

Pine's distinguishing feature is its tightly integrated governance and incentive design. Unlike tokens that grant holders rights over a company's operations, PINE deliberately restricts voting rights to the protocol's technical features and parameters, keeping the token's function narrow and clearly defined as an interoperable utility token. The PineDAO Treasury mechanism gives token holders a direct say in how protocol funds are allocated, including for grants, strategic partnerships, and ecosystem incentives. The project's emphasis on rewarding only active participants—those who actually use the platform and contribute to its ecosystem—sets it apart from tokens that distribute rewards purely based on holding. The token's deployment on Ethereum as an ERC-20 asset ensures compatibility with a broad range of wallets, explorers, and decentralized applications. Additionally, Pine's inclusion in the Amber Group portfolio and its presence across both the Ethereum and Polygon ecosystems suggest a degree of institutional and multi-chain interest. Liquidity is thin and price can move sharply; readers should verify current market data on a live data page.

What is Pine (PINE) used for?

PINE serves three primary functions within the Pine ecosystem. First, it is a governance token: holders can propose and vote on on-chain governance proposals through PineDAO to determine future features and parameters of the Pine protocol and platform, with voting power proportional to staked tokens. Second, it is an access token, providing holders with the ability to participate in the protocol's functions and services. Third, it functions as an economic incentive: PINE is distributed to encourage users to exert efforts toward contribution and participation in the ecosystem, with rewards allocated based on actual usage, activity, and the frequency and volume of transactions. The PineDAO Treasury, funded by protocol resources, can be directed by governance decisions toward maintenance, enhancements, grants, strategic partnerships, and other initiatives. Importantly, holding PINE does not confer equity, dividend rights, or any claim on the company's assets—it is strictly a utility and governance instrument within the protocol.

How Is the Pine (PINE) ecosystem developing?

The Pine ecosystem is centered on the Pine protocol and Pine Platform, both governed by PineDAO. The project's documentation describes an ongoing framework for community-driven development, where token holders propose and vote on protocol upgrades, treasury allocations, and strategic initiatives. Pine is tagged within the Ethereum and Polygon ecosystems and is associated with the Amber Group portfolio, indicating some level of multi-chain and institutional engagement. The main quoted pair is PINEUSDT (Pine Token/Tether). On-chain activity and the holder base remain small relative to established tokens. The token is tracked across multiple market data platforms and has listings on various centralized and decentralized venues. Detailed public information about current development milestones, partnerships, or roadmap progress is scarce in the available references.

How to mine Pine (PINE)?

PINE is an ERC-20 token on Ethereum and is not mined through proof-of-work. There is no traditional mining process for PINE. PINE is not mined; it is an ERC-20 token distributed through the protocol's incentive mechanisms based on actual usage and activity. Governance weight is proportional to tokens staked in PineDAO; no separate staking yield is documented. Prospective participants should refer to the project's official documentation for any updates on token distribution or staking mechanics, as the current public information on this topic is limited.

How to keep your Pine (PINE) Coin safe?

Because PINE is an ERC-20 token on Ethereum, it can be stored in any wallet that supports Ethereum-based assets, including hardware wallets, software wallets, and browser extension wallets. For optimal security, use a hardware wallet to keep private keys offline, and never share your seed phrase or private keys with anyone. Always verify the official contract address, 0x569424c5EE13884A193773fDC5d1c5f79C443a51, before sending or receiving PINE, as similarly named tokens exist on the market. Be aware that a separate project also named Pine operates as a Bitcoin and Lightning wallet at a different domain, and that a similarly named cryptocurrency called Pinecoin (PINE) ceased operations in October 2024—these are distinct from the Pine protocol discussed here. Always verify the official contract address before interacting, as similarly named tokens exist. Given the token's low liquidity and small market capitalization, exercise heightened caution and conduct independent research before interacting with any related platform or contract.