PNT listings have landed
The transition to the pNetwork Token (PNT) is now complete. The EDO token is retired, as its value and use have been transferred to the pNetwork Token (PNT).
Thanks to a collaborative effort between Eidoo and Provable Things, we’re thrilled to debut $PNT, the governance token used for staking, voting and earning interest within the new pNetwork, the decentralized network powering pTokens.
$PNT offers enhanced utility and functionality for the Eidoo community, and is currently supported by a growing list of leading exchanges including: Binance, Bitfinex, HitBTC, Kyber Network, and Loopring.
The pNetwork DAO will be the governance system for pTokens. Anyone holding PNT will be able to vote on various improvement and development proposals. For example, PNT holders can vote on which new pTokens “bridges” should be developed next, such as pLTC on Ethereum.
From EDO to PNT
PNT is not a new token. It is an upgraded version of EDO, the utility token which fueled the non-custodial Eidoo platform.
The upgrade of the EDO token was a collaborative effort between Eidoo and Provable Things (the main development team behind pTokens). Our teams worked closely together to ensure there was an equitable distribution of PNT, with majority control of the project now in the hands of the community. To achieve this truly decentralized governance system, the Eidoo team burned 28,350,000 EDO last week. You can read about this burn in Bitcoin News.
Upon its token launch, 60 million PNT was distributed across more than 7000 blockchain addresses. In theory, this could make the pNetwork one of the largest DAOs in the DeFi industry.
Read about the upgrade and EDO token burn here.
Where can I find PNT?
You can easily swap ETH, USDT or pBTC directly for PNT through Eidoo. Just open the Eidoo.App and press on the “swap” button on the homepage.
The following exchanges list PNT token. Click on the hyperlinked text to access trading pairs directly. We’ll add new listings as they appear, so check back for updates.
Please note PNT is listed as XPNT on HitBTC exchange.
HitBTC — XPNT/BTC
Note that you can trade PNT with any other Kyber Swap token listed, not just ETH
Loopring — PNT/USDT
Power of the P
These PNT listings come at an exciting time for DeFi. More and more centralized exchanges are taking an active interest in DeFi tokens. This injects new liquidity into the space and creates new growth within the sector, helping DeFi projects like ours to develop and invite new user bases.
As one of the very few DeFi tokens to be listed on these major platforms, we hope that PNT will help drive meaningful adoption of decentralized finance alternatives, proving there are mainstream use cases for cryptocurrencies beyond simple speculation.
With the completion of Eidoo’s original roadmap, we’re looking forward to an exciting new era of DeFi in welcoming PNT to the Eidoo community. Not only will PNT power our various products and services, but it will provide enhanced utility and functionality within the pNetwork, the foundation for what we hope will become a truly unique DAO, uniting many (if not all) blockchain communities.
We want to make DeFi truly universal. No blockchain should be limited to its native ecosystem. pTokens will ensure every cryptocurrency is welcomed by any blockchain, while the DAO welcomes any crypto and DeFi enthusiast to play an active role in securing and developing its future.