Pendulum-Chain
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Pendulum-Chain

Pendulum Wins a Polkadot Parachain in 3 Minutes!

Making History: The Pendulum auction contributions hit the hardcap of 300,000 DOT in a record-smashing 3 minutes

  1. Mangata (14k KSM): 1 hour
  2. Aventus (200k DOT): 24 hours
  3. Oak (150k DOT): 60 hours
  4. Genshiro (2k KSM): 64 hours

Welcome Pendulum

Pendulum aims to build the missing link between fiat and DeFi through a fiat-optimized smart contract blockchain. Polkadot allows parachains to benefit from its security while maintaining independence over their governance. With Polkadot’s advanced smart contract compatibility, an entire fiat DeFi ecosystem can be developed on the Pendulum parachain, including AMMs, lending protocols, forex-optimized money markets, and more. The roadmap includes cross-chain bridges linking Pendulum to Ethereum, Cosmos, and all major crypto ecosystems. Spacewalk, our trust-minimized bridge between Stellar and all substrate chains, is already under development. Pendulum will be powered by the native PEN token.

Welcome PEN

The PEN TGE (token generation event) is projected for February 2023. PEN will be the native token of Pendulum. PEN utilities include powering transactions as the Pendulum gas token, governance, and staking.

Crowdloan Details

The crowdloan allowed us to raise the required DOT to secure a parachain slot on Polkadot and to distribute PEN tokens to the early supporters in the community. Read our article on exactly how Polkadot parachain auctions and crowdloans work here.

Summary

A huge thank you again to the Pendulum People for making this crowdloan a record-breaking success! Please visit our FAQs page for more details on the Pendulum crowdloan process and bonuses. Swing by our Telegram or Discord any time and ask us any questions. Next stop, PEN TGE. The future of Forex on DeFi begins now, and we are grateful to have you on this journey with us!

About Polkadot

Polkadot is a sharded protocol that enables blockchain networks to operate together seamlessly.

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. Developed by Satoshipay.

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!

Twitter | Telegram Announcements | Telegram Community | Discord | Reddit

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Pendulum, the internet of fiat, is a blockchain offering composable fiat services to swing fintech companies into the DeFi future.

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Pendulum

Traditional finance infrastructure blockchain. The missing link between fiat and DeFi. Limitless fiat. Decentralized future.