$ 0.035 USD
$ 0.035 USD
$ 404,387 0.00 USD
$ 404,387 USD
$ 29,669 USD
$ 29,669 USD
$ 201,936 USD
$ 201,936 USD
88.554 million PNT
Issue Time
2020-07-01
Platform pertained to
--
Current price
$0.035USD
Market Cap
$404,387USD
Volume of Transaction
24h
$29,669USD
Circulating supply
88.554mPNT
Volume of Transaction
7d
$201,936USD
Change
24h
+19.04%
Number of Markets
64
More
Warehouse
Pentium Network Technology Ltd.
Github's IP Address
[Copy]
Codebase Size
35
Last Updated Time
2020-12-19 23:30:28
Language Involved
--
Agreement
--
Current Rate0
0.00USD
3H
+14%
1D
+19.04%
1W
-33.47%
1M
-82.64%
1Y
-83.06%
All
-95.28%
Aspect | Information |
Short Name | PNT |
Full Name | pNetwork Token |
Founded Year | 2019 |
Support Exchanges | Gate.io, BingX, HTX |
Storage Wallets | Hardware Wallets (Ledger, Trezor), Software Wallets (MetaMask), Custodial Wallets (Exchange wallets) |
Customer Support | Email at hello@p.networ and social media channels |
pNetwork (PNT), founded in 2019, is an open-source protocol that facilitates the movement of assets, NFTs, and data across different blockchains. Their main feature is pTokens, which are wrapped versions of original tokens designed to maintain a 1:1 peg with the original asset. PNT is the native token of the network, used for governance and available on various exchanges including Coinbase, and can be stored in any ERC-20 compatible wallet. pNetwork is prominent in the DeFi (Decentralized Finance) space, enabling interoperability between various blockchain ecosystems.
Pros | Cons |
Secure cross-chain transfers | Relatively new project with limited adoption |
DAO governance | Volatile cryptocurrency market |
Potential for passive income through staking | Requires research to understand the technology |
Growing use case for interoperability |
Pros:
Cons:
pNetwork's innovation lies in its pTokens, a type of wrapped token that bridges assets between blockchains. Unlike other cryptocurrencies focused on a single blockchain, pNetwork allows users to interact with various DeFi applications and hold assets (including NFTs) across different ecosystems, promoting interoperability and wider utility for digital holdings.
pNetwork's magic lies in its “two-way peg” system. When a user wants to move an asset (like Bitcoin) to another blockchain (like Ethereum), they deposit it into a smart contract on the original chain. An equivalent amount of pTokens (pBTC in this case) are minted on the target chain. To retrieve the original asset, the user simply burns the p Tokens, and the original asset is released from the smart contract on the first chain. This system relies on a network of validators who ensure the peg remains constant and secure the entire process.
As of the latest data, the price of PNT is $0.009209 USD, reflecting a 4.09% increase over the past 24 hours. The platform boasts a cumulative cross-chain volume of $791 million and a total value locked (TVL) of $23.2 million, both powered by Grafana. Furthermore, pNetwork has generated lifetime fees totaling $887,000. The ongoing circulation and utility of PNT are indicative of its role in the growing DeFi ecosystem.
Here's a breakdown of some exchanges where you can buy pNetwork (PNT), including currency and token pairs.
Centralized Exchanges (CEXs):
See this link for details on how to buy PNT: https://www.binance.com/en/how-to-buy/pnetwork
Decentralized Exchanges (DEXs):
While DEXs generally offer fewer trading pairs, some popular options for buying PNT include Uniswap (UNI), SushiSwap (SUSHI), PancakeSwap (CAKE), and Balancer (BAL). These DEXs typically allow swapping PNT with other ERC-20 tokens.
There are two main types of wallets you can consider for storing your pNetwork (PNT): custodial and non-custodial (self-custodial).
These are easier to use for beginners as they store your private keys for you. This makes them convenient but also means you don't have full control over your PNT. A good option for custodial storage is using the wallet provided by the exchange where you buy your PNT, like Kriptomat [Search Kriptomat buy PNT].
These give you complete control over your PNT by storing your private keys yourself. This offers more security but requires more technical knowledge. Here are some popular non-custodial wallet types:
The best wallet type for you depends on your priorities. If you prioritize security and control, a non-custodial wallet is the way to go. If you prefer ease of use, a custodial wallet might be better.
pNetwork (PNT) utilizes a multi-layered security approach to safeguard its network and user assets. Here are some key security features:
Overall, pNetwork's comprehensive security strategy, encompassing multiple layers of protection and community governance, aims to provide a robust and secure platform for cross-chain asset transfers and interactions.
To earn pNetwork (PNT), users can participate in staking, liquidity mining, or providing cross-chain services within the pNetwork ecosystem. For those considering buying PNT, it's essential to conduct thorough research on the project's fundamentals, including its technology, team, and roadmap. Given its focus on cross-chain interoperability, the success of pNetwork hinges on the broader adoption of DeFi and blockchain technology. Assess the market conditions, understand the risks associated with volatile cryptocurrencies, and consider diversifying your investments.
It advised starting with a small investment, keeping up with the latest developments in the project, and engaging with the pNetwork community to stay informed about potential opportunities and risks.
pNetwork (PNT) offers a promising solution for cross-chain asset transfers. Its secure architecture and DAO governance position it well for potential growth. Earning PNT involves staking, running a node, or participating in the DAO. While these offer rewards, PNT itself is a speculative investment. The cryptocurrency market is volatile, so do your research, understand the risks, and only invest what you're comfortable losing. The future of PNT hinges on wider adoption of its cross-chain technology and the overall health of the cryptocurrency market.
Is pNetwork (PNT) secure?
pNetwork utilizes multiple layers of security including TEEs, MPC, and DAO governance to safeguard user assets.
How can I earn PNT?
Staking, running a validator node, and DAO participation are the primary ways to earn PNT within the pNetwork ecosystem.
Is PNT a good investment?
While pNetwork's technology offers potential, PNT is a speculative investment. Conduct your own research and understand the cryptocurrency market's volatility before investing.
Where can I buy and store PNT?
PNT is available on various cryptocurrency exchanges. Choose a reputable exchange and consider both custodial and non-custodial wallet options for storing your PNT based on your security preferences.
Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.
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