PegNet (PEG) News, Price Prediction, Opinion and Analyses Created By Users

PegNet (PEG)

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PegNet (PEG) is a new cryptocurrency and stablecoin network for decentralized finance. The project is made by a group of Factom (FCT) developers in 2019. Currently, there are 26 factom focused organisations all working on the protocol in different ways, making it a non core area for the original Factom inc. 

The PegNet project is a decentralized, non-custodial network of tokens pegged (stabilized) to different currencies and assets that allows for trading and conversion of value without the need for counterparties. With PegNet, users can convert between any Pegged asset for just 1/10th of cent ($0.001) with no middleman. The network currently supports pegged assets for cryptocurrencies, fiat currencies, and precious metals with many more assets and even baskets planned. 

PegNet is a fully auditable, open-source stable coin network that uses a sophisticated Proof-of-Work (PoW) mining algorithm and external oracles to converge on the prices of currencies and assets. Miners on the network use their general purpose computers to mine price data into an Oracle Price Record (OPR) and receive PEG tokens for their work. 

The PegNet (PEG) token value is the summary of all pegged tokens in the market. The market value of all the pegged assets, divided by the number of existing PEG is used to set the value of PEG prior to exchanges establishing a market price. PEG can be converted into any pegged asset and pegged assets can be converted into PEG by burning the asset you are contributing and issuing the asset you want. 

PegNet has a variety of use cases including payments, payment services, store of value, transaction scaling, settling of smart contracts, oracle system, trading platform, and DEX liquidity mechanisms.

Factom Rising From the Ashes - 61% UP in Just 7 days

2 weeks ago 5 minute read CryptoChartWizard91

Factom is back alive as it rises from the ashes and surges by 61% in just 7 days! The cryptocurrency has actually increased by a total of 83% in 2020 alone and, after a brief retracement, we can expect this bullish run to develop higher. Factom was s...

3 Undervalued Crypto Projects With MASSIVE Potential for 2020

14 Nov 2019 11 minute read Adamic0

It’s been almost 2 years now since the last crypto winter and most of the crypto seasoners are out of the game. The weak hands have been shaken out and only strong hodlers remain.  Therefore, the market is showing bullish signs once again and it all...

3 Crypto Projects with Burning Mechanism You Must Be Aware Of

20 Nov 2019 7 minute read Adamic0

When investing in cryptocurrency, one of the most important aspects that cannot be overlooked is the coin/token supply of the project. This metric is significant because it is closely correlated with price.  For instance, if a particular crypto has a...

My current digital asset (Crypto) Investment Strategy

21 Oct 2019 8 minute read fblauer

Intro My goal is to leave a strong financial position for my kids, and grand kids. So, my time horizon is medium to long term, and I am not looking to get rich overnight. I want to keep my risk at a manageable level. My main strategy is to have a div...

TOP 5 Coins You Can CPU Mine For Profit

7 Jan 2020 2 minute read CryptoMoneyMaker

We all love making money on the side! Here are some great options for cryptocurrencies that are available for you to mine today with your CPU! ZCash  Zcash has been around for a while - since 2016 in fact! This cryptocurrency is designed to be a pri...

Mining PEG tokens on Windows [EASY BEGINNER GUIDE]

14 Jan 2020 4 minute read CryptoMoneyMaker

Mining is a very important facet to the entire PegNet network. The prices on the PegNet decentralized exchange are reported by the PegNet mining community (you guys!) and this enables the entire project to be able to function as it does! The mining p...

An EASY Introduction Into PegNet - a Stablecoin 4.0 Network Most People Don't Know About...YET

23 Oct 2019 1 minute read DoYouEvenCrypto

Cryptocurrencies are supposed to provide people with an alternative store of value, facilitate fast and cheap transactions, enable payments and more, all without relying on trusted third parties or middlemen.  Today, we have thousands of cryptocurren...

PegNet Tokenomics - Everything You Need To Know about Peg and pAssets Stability

28 Oct 2019 9 minute read DoYouEvenCrypto

Tokenomics – a combination of the words “Token” and “Economics” – is vital to understanding a cryptocurrency’s utilization and value proposition. It helps users and investors to see the potential of a cryptocurrency and make judgments based on a numb...

PegNet Hits $1M Cap in Just 30 Days! - How To Catch Parabolic Trend?

11 Nov 2019 1 minute read DoYouEvenCrypto

PegNet, the stablecoin network that is built on top of the Factom Protocol, has crossed the $1 million market cap in just a month. The PegNet network and its token has grown from the ground up, as there is no ICO or pre-mine in the network. The netwo... and minting USDB stable coin

9 Oct 2019 4 minute read fblauer

Introduction I just read an interesting article about the upcoming release of Makerdao 2.0, with multi-collateral Dai, Dai savings rate, and a lot of other improvements to the existing project. This has been a ground breaking project for the Defi spa...