The decentralized stablecoin network is entirely community-built, first launching fair-start proof-of-work CPU mining in August of last year with transactions and conversions going live in October. In less than one year, the PegNet community has developed a robust mining and trading community, made listings onto several exchanges consisting of IDEX and US-based qTrade exchange, and more routinely sees new integrations and partnerships with other DeFi neighborhoods and projects. Last week, PegNet revealed its mutually-beneficial integration with Chainlink, making it the first POW oracle source for Chainlink.
With the increased demand for stablecoins in the previous year combined with the recent draft recommendations from the FSB for classifying and regulating stablecoins worldwide, the PegNet community believes timing is ripe for a fully-decentralized option such as PegNet for cryptocurrency traders and users. PegNet integrates the finest principles from the decentralized cryptocurrency, Bitcoin, with the best attributes of central stablecoins to produce a first-of-its-kind DeFi option constructed by the individuals, for the people.Community member and miner, David Johnston is enthusiastic about the newest PegNet advancements stating, “Its never ever been simpler to move between different assets. With this one mobile wallet you can now transform in between crypto, stablecoins, & & Gold and Silver with the push of a button.”
PegNet wallet hosts 42 steady pegged property tokens of the top fiats, cryptocurrencies, and products gold and silver
PegNet is the very first proof-of-work oracle-based stablecoin network for DeFi
Fixed $0.001 cost for all transactions and conversions within the PegNet system
PegNet community releases the first mobile wallet for users on the android app store. Cryptocurrency users now have the capability to convert pegged steady asset tokens and the native PEG token easier than ever and for next to no expense.
The fully-decentralized network of stablecoins, PegNet, reveals the launch of the very first mobile wallet for Android users to easily transform pegged possession tokens.
PegNet is a fair-start POW project considering that the genesis block never having had an ICO, IEO, Airdrop, Founder, Founders benefit, Fund, Foundation, or pre-mine event. To sign up with the neighborhood discussion, visit pegnet.org/chat.
PegNet is an oracle, open-source and community-built based stablecoin network for DeFi. An unique innovation that synthetically tokenizes fiat currencies, crypto properties, and products. Powered by the Ethereum and Factom protocols, PegNet offers smooth motion in between any of the 46 assets consisted of the leading fiat currencies, cryptocurrencies, commodities gold and silver, and the native PEG token in a network that is fully-decentralized, open-source, fully-auditable, trustless and CPU-mineable. PegNet depends on POW miners to report oracle cost record data and does not expose users to any of the security or reserve-based threats.
With the increased demand for stablecoins in the previous year integrated with the current draft ideas from the FSB for classifying and controling stablecoins worldwide, the PegNet community thinks timing is ripe for a fully-decentralized alternative such as PegNet for cryptocurrency traders and users. PegNet integrates the finest concepts from the decentralized cryptocurrency, Bitcoin, with the best characteristics of central stablecoins to create a first-of-its-kind DeFi option developed by the people, for the people.Community member and miner, David Johnston is enthusiastic about the most recent PegNet advancements saying, “Its never been easier to move in between different properties. PegNet is a community-built, open-source and oracle based stablecoin network for DeFi. Powered by the Ethereum and Factom protocols, PegNet offers frictionless motion between any of the 46 properties comprised of the leading fiat currencies, cryptocurrencies, commodities gold and silver, and the native PEG token in a network that is fully-decentralized, open-source, fully-auditable, trustless and CPU-mineable.