Dear CITEX users,
PEG will be launched in CITEX P Board Trade Zone with the opening of PEG/BTC trade pair.
PEG Deposit: 18:00 on Dec 2, 2019 (UTC+8)
PEG Trading: 18:00 on Dec 2, 2019 (UTC+8)
PEG Withdrawal: 19:00 on Dec 2, 2019(UTC+8)
A pegged token is often referred to as a stable coin. To date, stable coins are single tokens that use a range of mechanisms to maintain their peg to the real world assets they represent. PegNet is a Pegged Token Network, and it leverages simple game theory and a set of pegged tokens that self reinforce each other in holding their mutual pegs. The network provides a mechanism for managing payments, treasury allocations, risk abatement, arbitrage, and budgets across jurisdictions without requiring expensive and slow processes through external parties such as financial institutions, payment processors, exchanges, etc.
PegNet Token (PEG) is the one token in the PegNet that summarizes the value of the set of pegged tokens in the market. The market value of all the pegged tokens is used to set the PEG value in the PegNet only during the capitalization phase of the protocol. After PEG is established on exchanges, exchanges will set the value of PEG.
Maximum Supply: Unlimited
Circulating Supply: 224,976,420 PEG
Official website: https://pegnet.org/
PEG Twitter: https://twitter.com/PegNetNews
PEG Telegram: https://t.me/PegnetOfficial
PEG Discord: https://discord.gg/eKjyySD
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CITEX Twitter: https://twitter.com/Citexofficial
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Dec 2, 2019