Pendulum PENPrice $ 0.0108

Pendulum Chain is a smart contract blockchain network connecting fiat rails to the decentralized finance ecosystem. By bridging robust and compliant fiat-pegged tokens from the most prominent blockchain networks into the vibrant DeFi ecosystems, Pendulum addresses the ever-growing demand for fiat liquidity in DeFi. Behind the development of the open Pendulum protocol is SatoshiPay, a fintech company which has developed blockchain products since 2014.

Built on Parity’s Substrate framework, Pendulum establishes the missing link between fiat and DeFi with a sophisticated smart contract network. Pendulum chain aims to become the one-stop hub for the internet of fiat. Innovations that Pendulum will bring include:

• Cross-chain trust-minimized bridges
• A network optimized for a broad basket of fiat-pegged stable tokens
• Next-generation smart contract technology
• Opt-in compliance layer with privacy features
• Seamless on/offramps standards for integrations into local banking networks.

PEN will be the native token on Pendulum (Polkadot parachain). PEN utilities include powering transactions as the gas token on Pendulum as well as governance and staking.