-- 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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From the time he was four years old, Joe Dezotell knew he wanted to grow up to become a soldier and serve his country.

Now, the retired U.S. Army veteran helps military families navigate the challenges of military moves as a Rental Support Coordinator with Penske Truck Rental's specialized Military Call Center.

Created in 2014, the call center is staffed by associates who understand the challenges of military moves, which helps them to reduce the stress for military families.

"It is a specialized team of Penske associates who all have a direct connection to the military from either their own service or a direct family member's service," Dezotell said. "You have someone who understands your needs and can help relate to you better to make sure this goes as flawlessly as possible."

Thousands of military families move each year either through a government-arranged move, where a contractor packs and ships their items, or through a Personal Procured Move (PPM) – formerly known as a DITY or do-it-yourself move.

For families choosing a PPM move – where the customer arranges to rent a truck to move their items – Penske's Military Call Center team can help.

"Our associates understand the special needs that go with a military move as far as how to weigh the vehicle, load it and unload it, and the need to save all of their receipts for their reimbursements from the government," Dezotell said. "Whether it is someone doing their first PPM move or their eighth or ninth one, we are there to guide them."

That guidance includes helping military families through the emotions of saying goodbye to family and friends and heading to a new destination with unfamiliar surroundings. "You have to understand the emotions that go along with that. It can be unsettling for the family," Dezotell said.

A military move – just like other household moves – provides key family time that can be used for activities, including sightseeing along the journey.

"We always tried to make it an adventure as we moved," Dezotell said. "We'd try to see something we would normally not have the opportunity to see."

Once arriving at the destination, military families – especially arriving on military installations – should prepare to receive a warm welcome and many helping hands.

"The loading and unloading tends to be easier for military members, especially if they are on base. Every time we moved on base, even though the neighbors didn't know who we were, we backed that truck up and everybody would come out and help," Dezotell said.

Penske is a proud supporter of the military, both active duty, reserves and veterans.

Penske Truck Rental, a division of Penske Truck Leasing, joined with Paralyzed Veterans eight years ago to create the #OneWay4PVA campaign, which encourages rental customers to donate $1 to Paralyzed Veterans Mission: ABLE campaign.

Penske associates regularly volunteer for organizations that support and honor our troops and veterans, like the Paul R. Gordon Veteran Social Center of Berks County in Reading, Pennsylvania.

In addition, Penske offers discounts on truck rentals for active military members and veterans when reserving one-way truck rentals online.

If you are in the military and need assistance with a move, call Penske's Military Call Center at 1-844-4TROOPS (1-844-487-6677).

By Bernie Mixon