Hey everyone, I’m back again with more good PegNet news. It hasn’t been too long since I last posted and I hope you folks have started the new year off well.
Last time I posted, I told you that PegNet had finally been listed on CoinMarketCap, a big step up for PegNet, and that Factom had burned over 8% of its supply.
This time though the news is about PEG getting listed on a major decentralized exchange - IDEX. PegNet has been growing at an incredible rate based on lots of criteria and to be listed on a DEX that is second largest by ETH volume is no small feat.
A total of 30 pegged assets will be available on IDEX. Factom Chairman David Johnston said,
We are very excited to see how listing PegNet assets will increase access and improve the ease of use for people looking to buy and sell stablecoins. With over 150,000 users, this listing will broaden access to the PegNet system and ensure people have fully auditable and integrated Stablecoins to be used in transactions free from third parties.
IDEX transaction statistics. IDEX is the second largest DEX platform.
This is a HUGE, HUGE step forward for the PegNet team and community as it not only brings more liquidity but gives even more legitimacy to the asset. There is not yet enough awareness about PegNet but this is going to help.
IDEX recently partnered with Coinbase to take advantage of the latter’s large userbase. IDEX itself has hundreds of thousands of users.
IDEX has begun listing a lot of the major pTokens since the announcement that it would list major PegNet assets. Listed assets include:
As you can see, those are a lot of tokens!
PegNet is Achieving One Big Thing After Another
The IDEX listing PEG and the CMC development have followed a lot of other news, which I would argue is even bigger.
If you want a more thorough understanding of what PegNet is, how development is going to progress and where the team expects the asset to be, read the AMA with Factom CEO Jon Snow and the AMA with Factom Chairman David Johnston. Around this same time, PegNet hit $1 million in market cap in just 30 days and the hashrate went parabolic.
So what do you think about PegNet and how is 2020 shaping up for it? If you have no idea what PegNet is and what it is trying to do, then I suggest you read my guide to PegNet. That is a good starting point for joining the PegNet ecosystem.