- At press time, the PAW token had dropped 10.90%.
- PawSwap group yesterday launched its PAW Staking Mainnet.
- To this point about 200 trillion PAW tokens have been staked on the mainnet.
Opposite to the expectations of many, the PAWSWAP (PAW) worth has plunged after about 200 trillion PAW tokens are staked on the PAW Staking Mainnet which was launched on April 30, 2023. Apparently, it has taken lower than 24 hours for therefore many PAW tokens to be staked.
Usually, such an excellent discount of token provide would lead to a major worth surge however that has not been the case for PAWSWAP, whose worth had fairly dropped by 10.68% at press time. The staked PAW tokens account for 0.2% of the full PAW token provide.
PawSwap roadmap
The launch of the mainnet for staking is the primary main product to be launched for the PAW ecosystem. The undertaking has a strong roadmap together with PawChain blockchain and cross-chain decentralized trade (PawSwap), specializing in safety, pace, and a user-friendly expertise for buying and selling crypto property.
The PAW Staking Mainnet is Dwell!
We’re completely satisfied to report our staking platform, which is our first main PAW Ecosystem product supply, has been deployed.
You’ll be able to go to https://t.co/VVNxUpRThp to get began and get staking!
Within the subsequent few days, the PAW group 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 group additionally mentioned that will probably be chairing a report on the audit standing of the mainnet with its group.
The PawSwap group 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 the next token staking appear to not have stirred a bullish PAWSWAP worth motion, the launch of the PawChain blockchain and cross-chain decentralized trade (PawSwap) is predicted to extend PAW token demand which may, in flip, lead to a worth surge for the PAW token.
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https://coinjournal.web/information/pawswap-price-plunge-as-trillions-of-paw-are-staked/