About pNetwork (PNT)
pNetwork is a protocol that enables cross-chain operations, such as transferring assets from one blockchain to another. It is designed to provide interoperability between different blockchain networks, allowing users to take advantage of the unique features and capabilities of each network while still being able to access and use their assets on other networks.
The pNetwork project was launched in late 2019 (it was originally called pTokens) as a cross-chain solution connecting multiple blockchains and assets, with its first cross-chain bridging solution connecting Bitcoin and Ethereum going live in production on March 5th, 2020.This was followed by the launch of a variety of other cross-chain connections to enable the movement of assets and, later on, NFTs and data across ecosystems, for better and improved blockchain interoperability.
Today, pNetwork powers connections across over 16 networks (including multiple very different blockchain environments and Ethereum scaling networks).In parallel, the protocol experienced subsequent evolutions to make the infrastructure increasingly decentralized. This push towards decentralization was the impetus for the introduction of the pNetwork token PNT which serves as the governance token for the pNetwork DAO, the staking currency for pNetwork nodes.
The PNT token is a native ERC-20 token on the Ethereum network and it is made available on Arbitrum, Polygon, BSC, Telos, EOS and Gnosis chain via the pNetwork protocol. It is supported within decentralized platforms including Uniswap, Quickswap, Defibox and Pancakeswap as well as by centralized exchanges including Binance, Kucoin, Bitfinex and Gate.io among others.
The PNT token is already available on several blockchains and the token holders can benefit from the token utility on each network. This includes:
-Staking PNT into the pNetwork DAO (daoPNT) to get DAO rewards
- Governance and voting power on both Ethereum and BNB networks
- Staking to become node operators both on Ethereum and BNB chain networks
- Trading on several multi-chain DeFi protocols (Uniswap, Pancakeswap, Quickswap)
- Trading on several centralized exchanges (Binance, Kucoin, Bitfinex, Gate.io, Wazirx)
The current price of PNT is available and updated in real time on Binance.