icon - Protocon
PEN Protocon
-2.76%
$ 0.07054425
Rank
Name
Price
CAP
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • -
    Protocon
    $ 0.07054425
    -
    $ 51,773
    0 PEN
    -2.76%

Protocon. Price of cryptocurrency: $ 0.07054425

Is Protocon (PEN) a thing?
Protocon is short for theProtocol Economy Network, a Layer 1 public blockchain platform. The goal is to establish a protocol-based economic system that is free to anyone and has no boundaries at all.
The platform provides up to 5,000 tps of decentralization, contract models that modularize various functions, and FeeFi that can solve complex and difficult fees.
The native utility token is called PEN. The mean of payment is the transaction fees. The mean of payment is dApp token PEN token is used as a payment method for purchasing dApp token for individual dApps based on Protocon, which will be released in the future. Deposit for FeeFi participation If you deposit more than a certain amount of PEN token, you will become a FeeFi liquidity provider. Taking for the operation. PEN token holders can become nodes operators of the network by giving PEN token as security, and PEN token holders can receive compensation in PEN token. Participation in governance is part of it. PEN token holders can participate in the governance of the network if they deposit PEN token for FeeFi participation or staked PEN token.
What makes Protocon different?
This technology has an overview.
During the consensus process, a verification process through the acting Suffrage Group is included in order to check if or not it is intact. Protocon has implemented a method that continuously checks whether the Candidate Group is intact, and allows the intact candidate to participate in the Suffrage Group instead of being expelled. There are people in this picture The introduction of a new smart contract methodology. The Contract Model can be defined as a framework that utilizes a certain set of functions for a specific business.