Pichat announced the completion of the first round of private sale, securing over 15 million USD in funding support.

The decentralized social platform project Pichat announced that its first round of private sale has been successfully completed, raising over 15 million USD in total. All funds have been injected into the official on-chain fund pool as planned, for subsequent market value management and technical development work.

This round of private sale adopts a compound interest holding mining mechanism, setting a daily cap of 1% annualized return, creating a robust asset appreciation model for early supporters. The platform also disclosed that the funds raised from the private sale will be fully invested in ecological infrastructure construction, including global node setup, social function development, community incentive programs, and market promotion.

Pichat collaborates with the world's largest online guarantee company, Huiwang Group, to create a Web3 crypto social ecosystem. Its multi-dimensional incentive structure and public on-chain fund pool mechanism have garnered widespread attention from various institutions and communities, and it is expected to become the new core of traffic conversion in the Pi ecosystem in the second half of 2025.