pNetwork ($PNT), the open-source multi-chain routing protocol initially launched as pTokens in late 2019, has achieved a new yearly high after unveiling its comprehensive sustainability plan. The pNetwork Token (PNT) serves a triple role as the governance token for the pNetwork DAO, the staking currency for pNetwork nodes, and the reward currency for services rendered by these nodes.
pNetwork v3 BETA is just behind the door! 🚪
We're on the verge of its release with
🔹 the new pNetwork #DAO on #Gnosis chain
🔹 improvements and security checks
🔹 extensive testing
🔹 much more here: https://t.co/2jJEnJ02JcStay tuned for the beta release! pic.twitter.com/GG36BlJSVe
— pNetwork 🦜 (@pNetworkDeFi) December 7, 2023
The community engaged in extensive discussions over the past two months, ultimately approving the pNetwork Sustainability Plan, which carries significant implications for the project’s future trajectory.
Key components of the plan include:
- A detailed 2024 Roadmap aimed at materializing pNetwork v3 and fostering widespread adoption.
- Enhanced positioning within the cross-chain ecosystem, unlocking new business opportunities facilitated by the heightened decentralization of pNetwork v3, coupled with a focus on regulatory security.
- Advocacy for a community-approved mechanism to sustain the project over time, involving micro-inflation triggered as needed.
- Additional rewards for actively participating DAO members, reinforcing governance and security while mitigating the impact of necessary inflation on users.
Anticipation is building as the pNetwork v3 BETA is on the verge of release. Despite unforeseen challenges necessitating additional time, the team is in the final stages of preparation for the eagerly awaited launch.
$PNT Price Action To Watch
This announcement has catalyzed a remarkable surge, with a more than 32% increase in a 24-hour period propelling $PNT to a new yearly high of $0.3453. This surge underscores the positive reception and confidence in pNetwork’s sustainability plan, signaling a bullish sentiment within the community and the broader market.
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