pNetwork Coin is the native cryptocurrency of the pNetwork platform and is an ERC-20 token. pTokens are a tool that facilitates cross-chain interoperability. The aim of pTokens technology is said to address the lack of interoperability in the decentralized economy across different blockchains. pTokens aim to solve the liquidity and interoperability puzzle, which is a technology for connecting any token to any blockchain.
What is pNetwork (PNT)?
pNetwork (PNT) is a platform that effectively provides cross-chain interoperability. According to the platform’s statements, every blockchain is limited by its technological boundaries. As a direct result, liquidity is locked within its own ecosystem. Liquidity is largely spread across numerous blockchain platforms, making it challenging to consolidate into a single pool. Therefore, it has become very important to create solutions that allow pTokens DApps to access any asset, providing effective cross-chain interoperability. pTokens play a significant role in enabling effective cross-chain interoperability, being a vital component for DeFi DApps to be compatible with any crypto asset and allowing liquidity to seamlessly transition from one blockchain to another.
The platform lists the advantages of pTokens as follows:
- Portable: pTokens can transfer any token to a different blockchain without any friction.
- Stable: Each pToken is transparently pegged to the corresponding token.
- Verifiable: A decentralized process makes everything transparent. Through the pTokens DApp, everyone can perform peg-in/peg-out.
In addition, initially, pTokens bridges will be operated by Provable. Following a gradual decentralization approach, governance and operations will then be shifted to a network of validators. Validators operating the pTokens bridges will be concerned with verifying peg-in and peg-out processes through a collaborative effort. Provable will only serve as a technology provider, being a founding member of the network but having no control over the network itself.
PNT Coin Review
pNetwork Coin started to be discussed especially after DeFi tokens became popular. While some investors have great confidence in PNT Coin, we see some investors remain hesitant about it. The airdrop launched by pNetwork immediately after entering the market seems to have attracted attention. According to some, this airdrop and its subsequent listing on numerous exchanges demonstrate the strength of the pNetwork coin.
Additionally, the price movements of PNT coin are noteworthy. At the time of writing, the PNT token is trading at 0.3156 USD with a market cap of 587th according to CoinMarketCap data, having a trading volume of 18,581,239 USD. Besides, there are currently 24,140,480 PNT coins in circulation, with a maximum expected supply of 87,984,177 PNT.
On the other hand, it should be noted that the PNT token reached a record high of 1.41 USD on August 13, 2020, after hitting a low of 0.2771 USD on November 5, 2020.
How to Buy pNetwork Coin?
pNetwork coin gained significant momentum and broke records following its listing on Binance. In addition, Binance announced on June 17, 2020, that it would support the upgrade of the Eidoo (EDO) token to pNetwork Token (PNT).
pNetwork coin can be purchased reliably, quickly, and easily through Binance, the largest cryptocurrency trading platform in terms of trading volume.
