What is PEN?
PEN stands for "Protocol Economy Network" and is a Protocon mainnet token that can be used in a variety of ways,
including staking, ecosystem creation, participant compensation, and transaction costs.
What is PEN used for?
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Payment (transaction fees)
The PEN token functions as a ‘gas’ within the Protocon ecosystem, as a means of payment for mainnet transaction fees, such as using dApp services or transferring dApp tokens.
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Payment (Purchasing dApp tokens)
PEN tokens function as a payment method for purchasing dApp tokens for individual dApps based on Protocon blockchain, including BlockSign and Blockcity, which will be released in the future.
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Staking for node operation and FeeFi participation
PEN token holders can provide liquidity to FeeFi or become network node operators by staking PENs and receive rewards accordingly.
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Participation in governance
Holders who have staked the PEN can propose and vote on changes and improvements to the Protocon network.
PEN Token Allocation
A total of 5 billion PEN tokens will be issued, and will be distributed in consideration of ensuring continuity in development, mainnet operation, and ecosystem construction. The pie chart below shows the distribution of PEN tokens. Details can be found in the Protocon Whitepaper.
FAQ
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How to buy PEN?
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Is PEN a BEP-20 token?
Currently, PEN is a BEP-20 token issued on BNB smart chain. However, after the official release of Mainnet, it will be switched to Mainnet token.
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What is PEN token's contract address?
Protocon(PEN) contract address is 0xa5DeC77c4d1B4eba2807C9926b182812A0cBf9Eb.