🎉 #GateOpinionQues# #Pell Network(Pell)#

Pell Network functions as a marketplace where developers can incentivize validators to allocate their restaked assets to secure their services. This represents a significant improvement over applications having to issue their own highly inflationary tokens as rewards for validators and having to establish a new trust network from the ground up. With Pell, developers can attract validators to their projects through simple, non-dilutive incentives, significantly reducing the financial and temporal investment compared to building a new trust network from scratch.
Additionally, Pell's universal restaking facilitates enhanced bootstrapping and composability across various networks. Despite the varying staking parameters of different blockchains, introducing a multi-asset restaking approach can help standardize these capital requirements.
Pell will do for BTC what EigenLayer has done for ETH Network
Pell is the first and omnichain BTC Restaking Network. By building an Omnichain Decentralized Validated Service (DVS, aka AVS) Network driven by BTC Restaking, Pell extends BTCFi into the cryptoeconomic security sector, fully unlocks Bitcoin’s security potential, enhances capital efficiency for stakers, and provides developers with an efficient, secure, and affordable way to validate services.
What is Pell Network?
Pell serves as a Omnichain Restaking Network designed to simplify the provision of cryptoeconomic security (universal trust network) using BTC and its Liquid Staking Derivatives (LSD). Pell plugs the gap in ecosystem security, reduces cost to build decentralized applications and offers passive income for BTC holders. It opens up new possibilities for developers to seamlessly and securely create innovative infrastructure designs.
Pell allows protocols to leverage robust and secure trust networks from the outset, significantly lowering the barriers to securing new protocols. This eliminates the need for protocols to incentivize their own validator sets with highly dilutive reward mechanisms, making the process of bootstrapping security more scalable, accessible, and affordable.
What is Pell Network?
Pell serves as a Omnichain Restaking Network designed to simplify the provision of cryptoeconomic security (universal trust network) using BTC and its Liquid Staking Derivatives (LSD). Pell plugs the gap in ecosystem security, reduces cost to build decentralized applications and offers passive income for BTC holders. It opens up new possibilities for developers to seamlessly and securely create innovative infrastructure designs.
Pell allows protocols to leverage robust and secure trust networks from the outset, significantly lowering the barriers to securing new protocols. This eliminates the need for protocols to incentivize their own validator sets with highly dilutive reward mechanisms, making the process of bootstrapping security more scalable, accessible, and affordable.
What is the daily trading volume of Pell Network Token (PELL)?
The trading volume of Pell Network Token (PELL) is $60,631,427 in the last 24 hours, representing a 392.30% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.
What is the highest and lowest price for Pell Network Token (PELL)?
Pell Network Token (PELL) reached an all-time high of $0.02457 and an all-time low of $0.008577. It’s now trading 4.43% below that peak and 173.78% above its lowest price.
What is the market cap of Pell Network Token (PELL)?
Market capitalization of Pell Network Token (PELL) is $7,836,050 and is ranked #1603 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of PELL tokens (340 Million tokens are tradable on the market today).
What is the fully diluted valuation of Pell Network Token (PELL)?
The fully diluted valuation (FDV) of Pell Network Token (PELL) is $48,975,311. This is a statistical representation of the maximum market cap, assuming the maximum number of 2.1 Billion PELL tokens are in circulation today. Depending on how the emission schedule of PELL tokens are designed, it might take multiple years before FDV is realized.
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🗓 Subscription: 10:00 AM, March 13 — March 25 (UTC)
✉️ Token Staked: $PELL, $GT & $BTC
💵 Total Reward: 7,002,801 PELL
✨ Estimated APR: 760.42%
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Read About: [ Launchpool Rules ]
Details: https://www.gate.io/article/43818🎉 Gate.io x Pell Network (PELL) Listing Carnival is Live: $30,000 $PELL Rewards Awaits!
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✨ Deposit and Trade $PELL to Share $20,000 $PELL Rewards
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Details: https://www.gate.io/article/43851
🎉 Gate.io x Pell Network (PELL) Listing Carnival is Live: $30,000 $PELL Rewards Awaits!
👉 Join Now: https://www.gate.io/questionnaire/6352
✨ Deposit and Trade $PELL to Share $20,000 $PELL Rewards
✨ New Users Enjoy $10,000 $PELL as Exclusive Gifts
Details: https://www.gate.io/article/43851
Trade: https://www.gate.io/trade/PELL_USDT?ch=ann43851