The fully-decentralized community of stablecoins, PegNet, broadcasts the launch of the primary cell pockets for Android customers to simply convert pegged asset tokens.
- PegNet pockets hosts 42 secure pegged asset tokens of the highest fiats, cryptocurrencies, and commodities gold and silver
- PegNet is the primary proof-of-work oracle-based stablecoin community for DeFi
- Fastened $0.001 price for all transactions and conversions inside the PegNet system
PegNet neighborhood launches the primary mobile wallet for customers on the android app retailer. Cryptocurrency customers now have the flexibility to transform pegged secure asset tokens and the native PEG token simpler than ever and for subsequent to no price.
The decentralized stablecoin community is completely community-built, first launching fair-start proof-of-work CPU mining in August of final yr with transactions and conversions going stay in October. In lower than one yr, the PegNet neighborhood has developed a strong mining and buying and selling neighborhood, earned listings onto a number of exchanges together with IDEX and US-based qTrade alternate, and extra frequently sees new integrations and collaborations with different DeFi communities and tasks. Final week, PegNet announced its mutually-beneficial integration with Chainlink, making it the primary POW oracle supply for Chainlink.
With the elevated demand for stablecoins previously yr mixed with the latest draft options from the FSB for classifying and regulating stablecoins worldwide, the PegNet neighborhood believes timing is ripe for a fully-decentralized choice akin to PegNet for cryptocurrency merchants and customers. PegNet combines the perfect rules from the decentralized cryptocurrency, Bitcoin, with the perfect traits of centralized stablecoins to create a first-of-its-kind DeFi resolution constructed by the individuals, for the individuals.
Group member and miner, David Johnston is enthusiastic concerning the latest PegNet developments saying, “It’s by no means been simpler to maneuver between totally different property. With this one cell pockets now you can convert between crypto, stablecoins, & Gold and Silver with the push of a button.”
About PegNet
PegNet is an open-source, community-built and oracle primarily based stablecoin community for DeFi. A novel innovation that synthetically tokenizes fiat currencies, crypto property, and commodities. Powered by the Ethereum and Factom protocols, PegNet presents frictionless motion between any of the 46 property comprised of the highest fiat currencies, cryptocurrencies, commodities gold and silver, and the native PEG token in a community that’s fully-decentralized, open-source, fully-auditable, trustless and CPU-mineable. PegNet depends on POW miners to report oracle worth document information and doesn’t expose customers to any of the collateral or reserve-based dangers.
PegNet is a fair-start POW challenge because the genesis block by no means having had an ICO, IEO, Airdrop, Founder, Founder’s reward, Fund, Basis, or pre-mine occasion. To hitch the neighborhood dialog, go to pegnet.org/chat.
Media Contact
Kaitie Zhee
