London, Friday 31st July 2020 – The pTokens project has today launched the pNetwork DAO, giving holders of the governance token $PNT the opportunity to help govern and influence the future of the DeFi cross-chain solution. pTokens make every cryptocurrency compatible with every blockchain, such as pBTC, which enables Bitcoin holders to explore Ethereum and EOS DeFi without having to sell or trade their crypto. The community-run pNetwork DAO is the first major step towards decentralising the system.

PNT holders who stake their tokens in the DAO will be able to vote on different proposals regarding the development of the pTokens solution and make key governance decisions as a community. Active voters receive competitive interest rates for their participation, receiving 42% APR interest on their stake during the first year, and 21% APR interest the following year. This reward incentive is designed to give back to the founding community and help the pNetwork grow while in its initial stages. Up to 28,350,000 $PNT tokens are dedicated…

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Source: https://news.bitcoin.com/ptokens-project-launches-pnetwork-dao-with-staking-rewards-of-42-apr-interest/