Unveiling Pion’s Launch Strategy
For months, the Muon team has been laying all the necessary groundwork for the launch of Pion network and its token. The long awaited network/token will be launching over the next few days. Read on for the details.
Pion’s Launch Plan
To ensure a smooth migration from ALICE to Pion, we have devised a waterfall launch, that is, launching different features on different days.
October 14th to 18th: The first phase of the launch is claiming bonPION and will only address eligible users for the node-drop, that is, ALICE node operators and $MUON holders (private/pre-sale participants). These people should refer to the Pion dashboard and claim their bonPION NFTs.
October 18th: The second phase will be $PION’s Token Generation Event (listing on a central exchange), and the eventual launch of Pion network that includes verifying uniqueness and setting up Pion nodes. All the operators will be granted a Tier 1 node and start making rewards.
The Pion team has already started operating POA nodes to generate tokens so that new users can purchase $PION to initiate a node. Existing operators can also buy PION to increase the amount of their NFTs.
In time, PION will be available on several DEXes on Ethereum mainnet, Arbitrum and BNB chains. The dates are still to be announced.
Enjoying Higher Rewards
The rewards for running Pion nodes will be distributed linearly in proportion to the amount of bonPION each operator holds. Operators can enlarge their node power — and consequently their rewards — by obtaining more bonPion. They are offered two options on the dashboard for raising this amount: increasing and boosting the NFTs.
Increase your NFT: This is the simpler but less profitable option. You just need to buy PION from the market and lock it as bonPION.
Boost your NFT: You can provide us with USDC tokens and, in return, receive bonPION with a discount. The discount is currently set at 50% but can change in the future. Unlike increasing, this option has a limit: the maximum USDC each operator can give is the same as their bonPION amount. After you have boosted your NFT to its limit, the only way is to boost it more is purchasing more PION from the market and increasing your bonPION.
An Illustrative Example
Let’s have an example to make things clear. Sally, a Pion operator, has the equivalent of $500 of bonPION. She can give us a maximum of $500 of USDC and, in return, gets $1,000 worth of PION (2X). Now she has $1,500 worth of bonPION.
But she cannot boost her NFT anymore unless she first increases her bonPION by purchasing some PION and locking it as bonPION. So if she, for example, buys $500 of PION on the market and locks that as bonPION, she can again boost her NFT by providing us $500 of USDC and receiving another $1,000 of bonPION.
Learn more about the details of PION’s emission and distribution.
Pion’s Unique Launch Mechanism
At the launch of PION, the entire token supply will be locked as bonPION that is originally given as a node-drop to eligible users. The only way of procuring PION is through node activity and the only liquid supply of PION will come directly from the Pion team who will supply tokens to the centralized exchange where PION is launched. This way a limited and controlled supply of PION tokens will be available for trading. This policy has several benefits:
- The demand for PION tokens is expected to exceed the available supply, increasing the token’s value.
- The ownership of bonPION will be vastly distributed. This will not only add to the security of the network, but will also lead to a truly decentralized one.
- Users are encouraged to become active participants in the network rather than simply buy and sell tokens for short-term gains.
- Pumping and dumping of the token as a result of large purchases/sales will be kept at a minimum.
Through these strategies, we set the stage for a promising and decentralized network that fosters long-term value and stability.
Muon is a stateless decentralized oracle network (DON) that enables dApps to make their off-chain components decentralized. By incorporating Muon, the manner in which decentralized applications store, process, and access data will be fundamentally transformed, redefining the landscape of decentralized systems.
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