The pNetwork has scored a major coup as it was announced on July 12, 2021, that its native PNT token would be available on WazirX from July 14, 2021. The token, which is part of the popular exchange’s Rapid Listing Initiative, was made available to buy, sell, and trade in on WazirX’s INR and USDT markets.
Furthermore, there was the enabling of deposits and withdrawals via a WazirX-Binance inter-wallet transfer option. There are, however, plans to enable transactions with other wallets in the future. Information was also given in the official blog post about a number of competitions and events that were part of the token rollout.
PNT Hits the Market With Prizes to be Won
On July 14, 2021, a giveaway was held with Michele Montecchi and Andrea Fortugno, and $100 was given for the top 10 questions on Twitter, and $50 was given for the top 5 questions from the official Telegram group.
The day after, the pNetwork held a YouTube Live with Thomas Bertani, the CEO of the network. On July 16, 2021, a quiz was held on the pNetwork’s Telegram page based on knowledge about the pNetwork itself and a total of $500 in prizes was distributed among 20 winners.
On July 19, 2021, a trivia contest will be held on the official WazirX Instagram page at 12 PM IST. To participate in the contest, individuals need to follow WazirX on Instagram and answer one or more of the five questions that will be shared on WazirX’s Instagram story. A winner for each question will win 15 PNT.
Finally, from Monday, 19th July to Wednesday, 21st July, WazirX and the pNetwork will hold a 48-hour trading contest for which prizes can be won. The contest will start at 9 AM IST and will last until 21st July, 9 AM IST. a total of $13,500 will be given away based on a number of trader ranks that were outlined in the official blog post.
The pNetwork’s Inner Workings
The ultimate goal of the pNetwork is to facilitate the insurance of various assets across blockchains and this is achieved using Trusted Execution Environments (TEEs) and an MPC-backed network.
Its native PNT token is used for this insurance and is pegged to underlying assets, as well as being used for staking and various utilities such as voting in the DAO ecosystem.
This blog of WazirX can be read for more information.
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