PegNet is a novel innovation that synthetically tokenizes fiat currencies, crypto assets, and precious metals. The platform can be extended to include a wide range of other assets including stocks, funds, or additional commodities and cryptocurrencies. Powered by the Factom protocol, PegNet offers frictionless movement between any of these assets in a network that is fully auditable, open-source, decentralized, autonomous, trustless and CPU-minable. PegNet does not require collateral or reserve-based issuance.
Decentralized price feeds are determined by oracles that act as proof of work miners. They submit Oracle Price Records onto the blockchain every 10 minutes. PegNet is anchored onto both Ethereum and Bitcoin blockchains to ensure long-term immutability and will bridge multiple blockchains to forge a more fluid and interconnected multi-chain ecosystem.
Just like Satoshi's vision from its first genesis block, PegNet keeps it fair and simple: no founder’s reward, no ICO or IEO, and no airdrops.
PegNet is currently comprised of 30 stable assets (14 fiat currencies, 14 cryptocurrencies and 2 commodities (Gold and Silver) and the PegNet native token, PEG. See → pegnetmarketcap.com
DeFi the world!
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2019
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Frequently asked questions
When was PegNet founded?
PegNet was founded in 2019.
What industry is PegNet in?
PegNet operates in Financial Services. Find similar Financial Services investors on gritt.io.
Where is PegNet based?
PegNet is headquartered in Zug, Switzerland.
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