State of the pNetwork DAO: Epoch 0

pNetwork Team
Aug 14 · 4 min read
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The pNetwork DAO is in full swing! It’s been two weeks since we first welcomed PNT holders to discover a new and exciting token utility and rewards system alongside a thriving community of DeFi and composability advocates.

To participate — and to become eligible for 42% interest APR — DAO members need only to stake their PNT, and ensure that they are voting on open proposals during each epoch, which is a period of approximately two weeks.

During our inaugural Epoch 0, there was no voting proposal.

We aimed to provide ample time for members to onboard and become more acquainted with the DAO Manager on the Aragon or Eidoo platforms.

Because there were zero voting proposals during this epoch, every member with staked PNT tokens will receive their corresponding rewards, based on the number of tokens they have at the end of this epoch, at its conclusion.

Specifically, Epoch 0 concludes on Block #10665854.

To keep track of the exact block, and estimated time that each epoch ends (at which time a new one will begin), you can visit the Rewards section of the DAO on Aragon.

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Rewards section on Aragon.
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You can easily buy, hold and stake your PNT with the Eidoo.App, which has a dedicated DAO Manager section.

You can see a snapshot of your voting power and estimated rewards whenever you like, as well as details on the next Epoch and the total amount of PNT staked in the DAO.

For a full tutorial on how to stake and vote with Eidoo, check out this blog (it also has a handy video).

So what has the pNetwork DAO accomplished during Epoch 0?

It’s been an extraordinary two weeks of new members and big holders!

🔹 Total amount of $PNT staked in the DAO: 34,733,777

🔹 Total circulating supply: 24,897,481 (approx.)

🔹 Total addresses holding $PNT: 7,660

🔹 Total addresses holding $daoPNT: 935

Our community of $PNT token holders can be viewed on Etherscan.

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As you can see, the biggest holder of PNT is the pNetwork DAO, which holds at stake over 50% of the total supply! 🔒🗳🎁

Our active DAO members — all stakers and holders of $daoPNT — can also be seen on Etherscan:

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Welcoming our first DAO members :D

Epoch 1

Upcoming proposals: TBD in Epoch 1

Soon pNetwork DAO members will be able to vote on the development of pTokens and other initiatives in anticipation of launching the fully decentralized pNetwork ecosystem.

The first voting proposal will be available during this upcoming Epoch 1.

Be sure your tokens are staked on time to participate and become eligible for rewards.

For more information on the pNetwork, please review our debut announcement and learn how you can power the future of DeFi.

🦜 Want to join our flock? Connect with us on Twitter and join the conversation in our pTokens Telegram and Discord.

💡 For a more technical deep dive into pTokens infrastructure, read our technical paper or check out the summary on our website.

🔋 Learn more about the pNetwork, the decentralized system and DAO powering pTokens.

🔗 For any blockchain project looking to integrate pTokens into their infrastructure, we have also built a pTokens JS library.

💌 Excited about pBTC & pLTC? Sign up for our newsletter and be the first to know which blockchain pTokens will make their home in next.

pNetwork

Enabling cross-chain DeFi composability

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