pNetwork
Crypto Overview
Overview
pNetwork is a cross-chain protocol that enables asset transfers between different blockchain networks. The PNT token serves as the protocol's governance token and is used for staking by node operators who secure the network.
Purpose and Utility
The primary purpose of PNT is to facilitate the operation of pNetwork's cross-chain infrastructure. Token holders can stake PNT to run network nodes, participate in governance decisions, and earn rewards for securing cross-chain transactions. The protocol enables the wrapping of assets from one blockchain to another, creating 'pTokens' that represent the original assets.
Business Model Analysis
The business model is based on providing cross-chain infrastructure services, with node operators being rewarded for maintaining network security. The protocol generates revenue through transaction fees from cross-chain transfers, which are distributed to node operators and stakeholders.
Real-World Adoption
pNetwork has established partnerships with various blockchain projects and continues to expand its supported networks. The protocol has processed significant volumes of cross-chain transactions, particularly involving Bitcoin and Ethereum networks.
Development Activity
The project maintains active development, with regular updates to its protocol and expansion to support new blockchain networks. The team regularly publishes technical updates and maintains transparent communication about development progress.
Token Distribution
The token distribution includes allocations for the team, development fund, and public sale participants. Team tokens are subject to vesting periods to align long-term incentives.
Crypto Impact
To assign a comfort level investing in pNetwork from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to pNetwork.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.