We are thrilled to announce.....13 Feb 2023 18:56
..... the biggest Pendulum milestone yet?—?the Pendulum parachain is live on Polkadot mainnet! We have entered into the Mainnet Launch phase of our 3-phase Pendulum launch roadmap plan that includes: Mainnet Launch, Token Transferability Event, and PEN Listing. The goal is to complete the launch roadmap by March.
Pendulum is Producing Blocks!
The Mainnet Launch of the Pendulum project marks a significant milestone for both the project and its community. After over a year of meticulous planning and eager anticipation, the Pendulum parachain has finally been established on the Polkadot network. The first-ever block had a weight of 411 nanoPEN.
Currently, the governance of the parachain is in the hands of a council known as sudo, but this will soon be replaced by a decentralized community governance system in the next phase once sudo is removed. The creation of PEN tokens has been completed, and while presale participants will receive their tokens, they will not be able to trade or transfer them until further notice.
Governance & Staking
The Polkassembly integration has been completed. This is the platform to make your voice heard through the Polkadot decentralized governance mechanisms that put the future of Pendulum in your hands. All major decisions impacting the future and direction of the project will be decided here.
The Pendulum Portal V1 is live! This is your one-stop shop for staking AMPE and PEN tokens. The Pendulum Portal that is already live on Amplitude is now enabled for Pendulum, including collator delegation (staking). The Portal is currently at V1 version, and future versions will include more comprehensive tools to support all your swapping, staking, bridging and governance voting on Pendulum. At this point, only presale participants will have a $PEN balance displayed on the Portal. They will be joined by the crowdloan participants in just a few blocks.
What is Next?
Next up is the Token Transfer Event (TTE) that allows for the transfer of tokens, but not the trading of tokens. Crowdloan participants will be able to claim their PEN tokens on the Pendulum Portal.