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INR
Pound
Pengwin
peg
#8759
$0.00001093
% (1d)Market Cap
$10.9K
BTC Price
$0
FDV
$10.9K
Vol24h
$1.1
Circulating Supply
999.8M peg
Total Supply
1000M peg
Info
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Website
Website Whitepaper -
Community
-
Algorithm
LXRHash
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Proof Type
Proof of Work
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Block Reward
0
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messages.All Time High
$0.00340008
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messages.ATL Date
11/18/2024
The current price of Pengwin is $0.00001093 in USD. As of now, a total of 999.8M peg are in circulation across the market. Pengwin has experienced a price change of % in past 24 hours. To explore more cryptocurrencies, please visit here. messages.Over the past 24 hours, Pengwin trading volume on crypto exchanges has reached $1.1.
Description
PEG is the native token of PegNet, a decentralised stablecoin network built on the Factom Protocol. PEG is used for mining rewards, asset conversions, transaction fees, and arbitrage within the system. Miners earn PEG by submitting market price data through the LXRHash proof-of-work algorithm, a CPU-optimised mechanism that reduces energy consumption. PEG enables conversions between pegged assets, such as pUSD or pBTC, at decentralised oracle-determined exchange rates. Transactions on PegNet cost approximately 1/10th of a cent, making it a low-cost solution for value transfers. Initially, PEG’s value was linked to the total network asset value but later became market-driven. It plays a key role in balancing the PegNet ecosystem by supporting arbitrage and liquidity. PegNet launched in 2019 as an open-source project with contributions from a decentralised community of traders, miners, and developers. The project is designed to be interoperable with Ethereum and other blockchain networks
peg Markets
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