Pylon Eco Token (PETN) is a governance token (DeFi), with the benefit of Utility Token, Security Token, and Cryptocurrency. It is Deflationary, and also provides Staking Reward, and is backed by a guaranteed portfolio.
PETN is used in plenty of our Open-source ecosystem projects in Daily life. Through the different ecosystem projects, we can bring the mass adoption of crypto globally. These diverse online businesses and open source ecosystems provide significant leverage to use our tokens and make a profit at the same time.
Decentralized finance (DeFi) is a collective term for financial products and services accessible to anyone who can use PETN with an internet connection. With DeFi, the markets are always open, and there are no centralized authorities who can block payments or deny you access to anything. In addition, services that were previously slow and at risk of human error are automatic and safer now that they’re handled by code that anyone can inspect and scrutinize.
There’s a booming crypto-economy out there, where you can lend, borrow, stake, provide liquidity, earn interest, and more. Some people have even paid off loans worth millions of dollars without the need for any personal identification. In PETN, we will allocate a total of 1% in every transaction to the Pool Funds, which will be distributed to the open-source developer community and staking incentives, respectively 0.5% each. But, of course, token users have the right to change such parameters in the future through the governance voting process.
Governance represents voting power on a blockchain project. The governance token model gives holders voting rights over proposed revisions to smart contracts at issuing protocols, allowing them to have their voices heard when it comes to making changes to how that protocol operates. It means that Pylon Eco Token (PETN) holders will have a right to vote for the projects, where they reckon that money should be invested. As you know, our company capitalizes on the pooled investor’s funds by financing further developments.
So, PETN allows its holders to make strategic decisions regarding devoting financial assets to different projects. Likewise, burning of tokens, open-source developer Fund allocation, staking incentives, rewards fund allocations, and token holders will decide other various parameters of the smart contract. Recently, they are mostly integrated into DeFi projects since they need to distribute powers and rights to users to remain decentralized. So, get your token to determine the future of the project.
A deflationary token model is one where tokens are removed from the market over time. Deflation usually accompanies a contraction in monetary supply. Tokens can be removed from the market via token burns from the token creators. This way the total circulating supply of tokens is constantly being reduced to the predetermined amount. The main benefit to models like these is that they prevent the market from being flooded with excess tokens. As a result, the buying power of the Pylon Eco Token (PETN) will only rise time by time.
That’s why it is so important that PETN is a deflationary token. It is envisaged that 0.99% of tokens from the total supply will be burnt after each transaction. Recently Ethereum also follows the same model and is burning its tokens in every transaction. During deflation, the purchasing power of assets rises over time. Therefore, deflation benefits consumers because they can purchase more goods and services with the same nominal income over time.