Pylon Protocol (MINE) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $768,039. The current price of Pylon Protocol is $0.00010837, which is 0.000% higher than yesterday. Prices have ranged between $undefined and $undefined over the past 24 hours. All prices are listed in US dollars and accurate as of March 28, 2023 07:03 UTC.
What is Pylon Protocol?
The Pylon Protocol is a decentralized finance (DeFi) application built to offer users a vast range of savings and payment products. While Pylon believes that the traditional transfer model works well when a buyer is purchasing a good or service from a seller, it also believes that the system breaks down when businesses or individuals are looking to sell a range of different products.
In particular, the protocol aims to serve those that are selling future value - such as start-ups, those that are selling intangible value - such as artists or musicians, those that are selling recurring value - such as subscriptions, and those lending illiquid assets - such as real estate.
According to the project’s documentation, the protocol was developed on the Terra blockchain. Thanks to the Terra blockchain and the DeFi opportunities available users can deposit Terra native cryptocurrency assets into the Pylon Protocol which can begin to accrue yield. That yield can then be used to pay for subscriptions or other services/content offerings, which allows payments to be completed for free at times. In addition to payment services, the Pylon Protocol offers Pylon Gateway - a launchpad for upcoming Terra-based projects, and the Pylon WebApp - an application that allows users to stake native cryptocurrencies. The protocol hopes to release a “Deposit with Pylon” widget which can be integrated with crypto-friendly sites in the future.
MINE is the native governance token of the Pylon Protocol. The token helps to redistribute the protocol’s profits and helps users govern the direction of the platform. Those staking MINE can receive rewards and also vote on decisions involving the community fund, launchpad projects, the development of new features, and the distribution of profits.
How we keep this Pylon Protocol guide up-to-date
- MINE price data is regularly updated through data feeds so you always have the latest information.
- Pylon Protocol performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
Pylon Protocol at a glance
Basic stats for Pylon Protocol
#2804
$768038.68906758
10 B
2 B
Pylon Protocol performance over time
Pylon Protocol fundamental and technical analysis
Time frame
Movement
1 day
0.00%
1 week
0.00%
1 month
72.31%
2 months
0.00%
200 days
99.27%
1 year
99.76%
Social activity for Pylon Protocol
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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