PEN Token Transfer Event (TTE)

We are happy to announce more exciting news for the Pendulum community as the PEN token is ready to be claimed and transferred. Recently, the Pendulum parachain went live on Polkadot mainnet, and sudo has now been removed making Pendulum ruled by governance. Click here to see the first successful PEN transaction!

Stake, Claim & Transfer PEN

PEN tokens can already be used for collator staking. More technical guidance on this coming soon, but the process is very similar to staking AMPE on Amplitude. Collator staking helps decentralize and secure the network while stakers earn rewards.

Crowdlenders, head here for guidance on how to claim your PEN tokens. You will need to sign the Terms and Conditions and enter the Polkadot address you used to contribute to the crowdloan. Thank you for helping to make Pendulum a parachain! Once you have claimed your tokens, you are free to send them to any other Polkadot address of your choosing, but remember they are not available for trading just yet. In the near future, it will be possible to utilize PEN tokens to provide liquidity for the 0xAmber AMM and Spacewalk bridge.

HRMP Channel Motion Live

The council referenda to connect the HRMP channel between Pendulum and Statemint is now live. View and vote in the referendum here. The new batch (#348) of HRMP channels includes HydraDX, Kapex, Ajuna, Litentry, and Pendulum. This channel will help Pendulum get access to Polkadot stablecoins, as of now USDT, and will open up token pair opportunities for the 0xAmber AMM.

PEN Listings

The PEN token will list on the MEXC CEX. The estimated time for trading to begin is March 13th 10:00am (UTC). MEXC will be the first exchange where PEN trading will go live. Following this the PEN token will list on the Zenlink AMM, offering new opportunities for rewards through liquidity provision. These listings mark the final phase of the PEN launch roadmap.

More positive news is on the way after the PEN listings. The native token of Amplitude, AMPE, will soon be available for trading and liquidity bootstrapping on the Zenlink platform. Spacewalk bridge, connecting Stellar and Polkadot, will launch on both Amplitude and Pendulum. Additionally, the 0xAmber Forex-optimized Automated Market Maker (AMM) will launch as the first decentralized application (dApp) on Pendulum.

Summary

We are confident that the future holds great potential for on-chain Forex and the important role that a tailor-made blockchain plays in integrating traditional finance into the crypto space. Keep up with all developments by joining the Pendulum community on social media. We are grateful for your instrumental participation in bridging Forex with the DeFi world and establishing a DeFo (Decentralized Forex) future!

About Amplitude

Pioneering the internet of fiat. Amplitude is the sister network of Pendulum on Kusama. It will act as a testing ground for Pendulum applications and network parameters and be powered by the AMPE token.

About Pendulum

Building the missing link between fiat and DeFi through a fiat-optimized smart contract blockchain based on Polkadot’s Substrate. Allowing traditional finance fiat services to integrate with DeFi applications such as specialized forex AMMs, lending protocols, or yield farming opportunities. Developed by SatoshiPay.

Keep your eyes on the Pendulum!

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