- At press time, the PAW token had fallen 10.90%.
- The PawSwap crew launched their PAW Staking Mainnet yesterday.
- Thus far, round 200 trillion PAW tokens have been staked on the mainnet.
Opposite to the expectations of many, the PAWSWAP (PAW) worth plunged after roughly 200 trillion PAW tokens have been staked on the PAW staking mainnet which launched on April 30, 2023. Curiously, it took much less 24 hours for thus many PAWs. tokens to stake.
Usually, such a big discount in token provide would lead to a big worth spike, however this was not the case for PAWSWAP, whose worth had as a substitute fallen by 10.68% at press time. Staked PAW tokens characterize 0.2% of the entire PAW token provide.
PawSwap Roadmap
The mainnet launch for staking is the primary main product to launch for the PAW ecosystem. The challenge has a sturdy roadmap together with the PawChain blockchain and cross-chain decentralized change (PawSwap), specializing in safety, velocity, and a user-friendly expertise for buying and selling crypto belongings.
The PAW staking mainnet is stay!
We’re pleased to announce that our staking platform, which is our first main PAW Ecosystem product launch, has been deployed.
You’ll be able to go to https://t.co/VVNxUpRThp to get began and get began!
Within the subsequent few days, the PAW crew will present the… pic.twitter.com/LjsGxfiC7w
—PAWChain (@PawChain) April 30, 2023
CertiK has already confirmed that the newly launched mainnet “meets their requirements”. As well as, the PawSwap crew additionally mentioned that they are going to be chairing a mainnet audit standing report with their group.
The PawSwap crew began with the launch of the PAW token on the Ethereum community and has now launched the PAW Staking Mainnet.
Whereas the launch of the staking mainnet and subsequent token staking don’t seem to have prompted an upward motion in PAWSWAP costs, the launch of the PawChain blockchain and decentralized cross-chain change (PawSwap) is anticipated to extend the request for PAW tokens, which may, in flip. , result in a worth spike for the PAW token.
