Member Info for ragnarr

Just for info - Pendulum recently requested HRMP channel opening with Statemint (Statemint is a generic assets parachain which provides functionality for deploying and transferring assets)

As Polkadot is decentralised the request has to be voted and staked on - its 99.9% yes vote so far with two days to go. This is t a biggie and was never really in any doubt but it is another milestone going forward as it facilitates transferring non-native tokens

https://polkadot.polkassembly.io/referendum/106

Just some info on MEXC exchange for those here that may be looking to buy Pendulum coins

https://www.marketplacefairness.org/cryptocurrency/mexc-review/

I believe mainet transfer could be starting Friday - could be wrong.

PAS - have you been talking to yourself again :-))

That last article definitely relevant here.

Also just noticed Pendulum are integrating with DIA (Decentralised Information Asset)

https://www.diadata.org/

DIA provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts. Through the availability of DIA feeds, any project developing dApps on Substrate will be fuelled with transparent, crowd verified data. Use cases can encompass a wide range of examples, such as prediction markets, lending and borrowing dApps, derivatives trading platforms etc (not my words ;-)

The Amplitude and Pendulum Portals should be launched soon - for anyone interested here are a couple of wireframes of how its shaping up.

https://www.figma.com/file/5up5sghcttBogehUq4255i/App?node-id=995%3A866

https://www.figma.com/file/XLIKffEYnK9autHMM1YgA3/Flows?node-id=86%3A299

Hi Mark -as you know I cherish my privacy and anonymity, but feel free to PM me on the other BB or via twitter. Hope your are all ok.

I would just like to manage peoples expectations regarding the initial PEN listing as I am not expecting the initial market cap to be anywhere near sone of the figures I have seen. The PEN token will/should grow exponentially with the launch of Spacewalk and 0xamber and the subsequent onboarding of further Dapps which will increase the tokens usage over the coming months. We will also have the next cycle Crypto bull market (which may have started) over the next 12/24 months.
All i am trying to say is dont have too high an expectation right from the go. The real value will be over the next 12/24 months when I hold very little doubt that the Mcap will be many many multiples from here. All just an opinion.

Blu - the aim is by end of Feb but I always take projected IT/coding dates with a pinch of salt as its so hard to be accurate with this stuff.

There isnt really a set formula for valuing a new ICO but lots of things will be taken into consideration such as the potential market, the service or product the token can provide, the current market conditions, comparable tokens and lots more, projected supply and take up and loads more - in simple terms I have no idea what they will come up with:-)

but based on the fact that the presale raised USD5m for 20% at the PEN presale IE 40,000,000 PEN tokens that would value a PEN token then (before anything had been developed) at USD 0.125 so I think it is safe to assume the ICO should be higher than that.

One word of warning here. The current crypto space, whilst starting to move again is not conducive to high valuations so I wouldnt be expecting a huge market cap from the off. But if a project gains traction and highly utilised it is not unusual to see a X50-100 growth over time (needs a bull market and a successful project)

Reachforthestars - Yes - the whole Pendulum project is to create a whole ecosystem build on the blockchain for AMMs, lending protocols, stable fiat tokens, yield optimizers, on/off ramps etc, and the larger the ecosystem grows the more transaction fees are generated.

Dark - I think you have just spent several posts describing each and everyone of us havnt you ?
:-))

Duke -
5.5% of total ie 11,000,000 PEN
0 % AMPE (Amplitude) as this is a community test Parachain and no tokens have been retained
5% AMBR (0Xamber) Amber AMM - Tokenomics not yet disclosed.

I would also suggest that it is reasonable to assume additional token allocations for future Dapps that launch on the pendulum Parachain ( just my assumption)

Hope this hepls

stamp - clearest sign to date that crypto bottom is in (hopefully) which certainlt bodes well gor PEN listing price :-)

Duke -
Total Supply: 200,000,000
Initial Circulating Supply: 15,200,000
Supply at Genesis: 160,000,000

Morning Mark - hope all is well your end - Finally we will get some meat on the bones with Pendulum of the next few months :-)

Been a busy day on crypto space today so not been around here but good to see first phase launched. Onwarfs and upwards from hete hopefully.
Its good to hear PEN could be listed on CEX as well as DEX as that will give it much more exposure. My guess (again) is it will be one with European entities so possibly etoro, coinbase, Kraken or Crypto.com we shall see

Pink - fairly close :-)

Pink
No date yet - after launch there is still a lot of tech stuff and collators to be onboarded so my best guess would be 4/6 weeks but is stress that is just a guess.

For info I understand that Pendulum launch is this week. For clarification this means the PEN token will be generated and transferable - but not yet tradable - so no Mcap valuation yet.

nighteye

Yes most of the tokens include a vesting schedule that unlocks linearly over 2 to 3 years. For example of the crowdloan reward tokens only 10% are unlocked at TGE and the rest vested for 96 weeks.