How to Buy Pencils Protocol Token (DAPP)

The DAPP price prediction is influenced by several factors, including: 

1. Total Value Locked (TVL): A high TVL, currently over $300 million, shows strong platform engagement and usage, directly impacting the Pencils Protocol price. Investors often see TVL as an indicator of the protocol's health and reliability​.

2. Platform Utility: $DAPP has multiple uses, including governance, staking, auction collateral, and point system rights. The ability to earn rewards, higher leverage in liquidity mining, and exclusive access to products boosts demand for the token, which can influence the DAPP to USD price.

3. Token Sale Demand: During its recent token sale, Pencils Protocol saw high demand, with over 35,000 registrations compared to the original 5,000 user cap. This oversubscription suggests strong investor interest, affecting the token's market performance after listing​.

4. Partnerships and Backing: The protocol's backing by notable investors like OKX Ventures, Animoca Brands, and Gate Labs adds credibility, which can positively impact the DAPP token price. Additionally, partnerships with ecosystems like Scroll provide increased use cases and integrations, supporting the $DAPP price.

5. Deflationary Mechanism: Pencils Protocol has a deflationary buyback mechanism for $DAPP, which helps maintain its scarcity and potentially boosts the DAPP crypto price over time.

6. Market Trends: As a part of the DeFi sector, $DAPP's price can also be influenced by broader market trends, including the performance of the DeFi space and investor sentiment around IDO launchpads and yield farming protocols​.

Understanding these factors will help you gauge how the DAPP coin price might change in response to market dynamics and platform developments.

You can earn on Pencils Protocol in the following ways:

1. Farming: Deposit supported assets like ETH, WBTC, stablecoins, and the $DAPP token into Pencils Protocol Vaults. Your funds are pooled and lent to borrowers, and you earn a yield from the interest paid by these borrowers. The interest rate adjusts dynamically based on the pool's utilization, ensuring competitive returns. Additionally, you earn Pencils points and Scroll points, which can unlock more benefits on the platform. 

2. Staking: Stake your $DAPP tokens in Pencils Protocol Farms to receive $pDAPP at a 1:1 ratio. Staking $pDAPP allows you to earn subsidies and provide liquidity on decentralized exchanges (DEX), generating additional income.

3. Auction Platform: Participate in the auction platform by staking $DAPP. This not only provides security for the platform but also allows you to engage in auctions for various assets.

4. Vault Privileges: By staking $DAPP in vaults, you gain points that provide access to higher leverage and priority access to limited strategy products, potentially maximizing your returns. 

5. Virtual Shop: Use $DAPP to trade NFTs, real-world assets, points, and derivatives in the virtual shop, expanding the use of your holdings within the ecosystem. 

These methods allow you to take advantage of the opportunities within Pencils Protocol to maximize your earnings. For more information, you can visit the official documentation on Pencils Protocol’s platform.