eidoo v2
PNT TOKEN
The pNetwork token(PNT), formerly known as EDO token, is a utility token with a deflationary nature, that gets burned
while the Eidoocore services are used.
PNT is also the governance token of pNetwork, the protocol that enables transfers of crypto assets, NFT and data
across multipleblockchains and networks through pTokens.
Burning
Staking in the DAO
Stake $PNT to become a pNetwork DAO member.
Through the pNetwork DAO, people can vote and contribute to the success of the project while enjoying PNT rewards along the way,
such as 42% APY the first year for active voters.
Staking to become a validator
pNetwork nodes play a critical role in the ecosystem as they secure the movement of assets and data across blockchains.
$PNT staking is required for entities to set-up a pNetwork node.
pNetwork nodes get rewarded while powering the system.
Fees on cross-chain transfers to be introduced in Q1 2021 will be distributed to node operators in Bitcoin, $ETH and any other asset switched.
Staking inside eidooCARD to receive premium benefits and cashback
By staking $PNT, you get access to the first Loopring integrated, non-custodian DeFi debit card supporting multiple
crypto assets via pTokens.
The pNetwork is home to a Decentralized Autonomous Organisation (DAO) that governs the network itself, along with the pTokensbridges and their dynamics
For the system to become truly decentralized, community participation is key.
The DAO
People can contribute to the success of the project by assuming an active role in it. Specifically, they can decide to operate a validating node or help shape its future by voting on pTokens improvement proposals via the pNetwork DAO. The pNetwork DAO is open for anyone to join and contribute to the developments of the pTokens system via a token-based voting mechanism.
Members of the DAO initiate the voting processes to influence the development and future of the pTokens system. A series of Improvement Proposals (IPs) are advanced by the development team on multiple pTokens related matters. DAO members can vote and decide whether or not to approve the IPs. For example, members are responsible for electing which pTokens bridges to develop and support next, deciding on the fee mechanism of the network and resolving any upgrade proposals.
To participate in the DAO you can do it inside the App thanks to the native integration or by clicking
