pNetwork Coin is an ERC-20 token and the native cryptocurrency of the pNetwork platform. pTokens serve as a tool that facilitates functionality between different blockchains. The pTokens technology aims to address the functionality gap in the decentralized economy between various blockchains by enabling any token to connect with any blockchain.
The pNetwork (PNT) platform effectively provides interoperability between blockchains. According to the platform’s explanations, each blockchain is limited by its own technological boundaries, which results in liquidity being trapped within its own ecosystem. Liquidity is spread across numerous blockchain platforms, making it difficult to consolidate in a single pool. Therefore, creating solutions that enable DApps to access any asset and provide efficient functionality between blockchains has become crucial.
pTokens play a significant role in the interoperability between blockchains by allowing DeFi DApps to be compatible with any crypto asset and seamlessly transition liquidity from one blockchain to another. The advantages of pTokens include portability, stability, and verifiability. Additionally, the initial pToken bridges will be operated by Provable, and then gradually transitioned to a validator network through a progressive decentralization approach.
pNetwork Coin has gained attention, especially after the rise in popularity of DeFi tokens. While some investors have a high level of confidence in PNT Coin, others remain skeptical. The airdrop launched shortly after its release by pNetwork has attracted attention. The price movements of PNT token are also notable. At the time of writing, PNT token is trading at $0.3156 with a market cap ranking of 587.
After being listed on Binance, pNetwork Coin gained significant momentum and broke records. Binance announced on June 17, 2020, that it would support the upgrade of Eidoo (EDO) token to pNetwork Token (PNT). pNetwork Coin can be easily and securely purchased through Binance, the largest cryptocurrency trading platform in terms of trading volume.