With the increased need for stablecoins in the previous year combined with the recent draft ideas from the FSB for classifying and regulating stablecoins worldwide, the PegNet neighborhood thinks timing is ripe for a fully-decentralized option such as PegNet for cryptocurrency traders and users. PegNet combines the very best concepts from the decentralized cryptocurrency, Bitcoin, with the finest attributes of centralized stablecoins to create 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 saying, “Its never been easier to move in between different properties. With this one mobile wallet you can now convert in between crypto, stablecoins, & & Gold and Silver with the push of a button.”
The decentralized stablecoin network is completely community-built, very first releasing 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 neighborhood, earned listings onto numerous exchanges consisting of IDEX and US-based qTrade exchange, and more regularly sees brand-new combinations and cooperations with other DeFi communities and jobs. Last week, PegNet announced its mutually-beneficial combination with Chainlink, making it the very first POW oracle source for Chainlink.
PegNet wallet hosts 42 steady pegged property tokens of the leading fiats, cryptocurrencies, and commodities gold and silver
PegNet is the first proof-of-work oracle-based stablecoin network for DeFi
Repaired $0.001 expense for all deals and conversions within the PegNet system
PegNet neighborhood launches the first mobile wallet for users on the android app shop. Cryptocurrency users now have the capability to convert pegged steady asset tokens and the native PEG token simpler than ever and for beside no charge.
The fully-decentralized network of stablecoins, PegNet, reveals the launch of the very first mobile wallet for Android users to easily convert pegged property tokens.
PegNet is a fair-start POW project because the genesis block never having had an ICO, IEO, Airdrop, Founder, Founders reward, Fund, Foundation, or pre-mine occasion. To sign up with the community conversation, visit pegnet.org/chat.
PegNet is a community-built, open-source and oracle based stablecoin network for DeFi. An unique development that artificially tokenizes fiat currencies, crypto assets, and products. Powered by the Ethereum and Factom procedures, PegNet offers frictionless movement between any of the 46 possessions consisted of the top fiat currencies, cryptocurrencies, commodities gold and silver, and the native PEG token in a network that is fully-decentralized, open-source, fully-auditable, cpu-mineable and trustless. PegNet relies on POW miners to report oracle rate record data and does not expose users to any of the collateral or reserve-based dangers.
With the increased need for stablecoins in the past year combined with the recent draft suggestions from the FSB for classifying and regulating 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 centralized stablecoins to produce a first-of-its-kind DeFi option built by the people, for the people.Community member and miner, David Johnston is enthusiastic about the latest PegNet advancements stating, “Its never been much easier to move in between different properties. PegNet is an open-source, oracle and community-built based stablecoin network for DeFi. Powered by the Ethereum and Factom protocols, PegNet offers frictionless motion between any of the 46 assets made up 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, cpu-mineable and trustless.