Pngcoin token economics review
An open-door policy to individuals and small businesses to gain entry to basic banking facilities is a decisive factor to operate and thrive financially. The way the economics of modern banking was designed is stressful to obtain a fair rate of return from savings. Moreover, global remittance payments have an average fee of 7% mobile peer-to-peer payments penalize underserved customers making micro-payments in emerging economies.
Let's take a look at a common example to get the point rightly. The M-PESA’s minimum fee is $0.33 for any transaction under $30.00. Due to the increase in the adoption and the value of assets issued on decentralized networks, the advent of Decentralized Finance DeFi, and open regulatory frameworks like the European Payment Directives PSD2, there exist a lot of innovative technological and economic methodologies that can be used in distributed system economics (token economics) which allow for a greater flow of value back to token holders.
Function of Pngcoin in the Pngme ecosystem
Pngme’s network economics allows value to flow through the platform’s to people who need it most in the world. A well structured Token Economics allows Pngme to lift individuals economically and break down financial borders, creating a global economy that is equitable and accessible to all. Pngme’s Network economics is powered by the native token PngCoin (PNG). This token is issued on an incremental based on user's adoption and is limited in supply. The token will allow the holders to enjoy discounts in the services provided by Pngme ecosystem and also serves as an incentive token. In a nutshell, the PngCoin will be handled within the platform as a token that provides its holders the freedom to receive valuable services at a discount or free of charge.
Token details
Name: Pngcoin
Platform: Ethereum ERC-20
Symbol: PNG
Private sale price: $0.02
Capped supply: 1,192,258,185 PNG
Token usage
The PNG tokens which is the token that will power the Pngme ecosystem will be generated and distributed by Andromeda Technologies Ltd (the
Token Issuer ), a renowned organization incorporated in the Cayman Islands.Below is the various ways in which anyone interested can lay hold on PngCoin is by:
- Registering an account in the platform using mobile App
- Staking of PNG token
- Referring to others the Pngme ecosystem and enjoy the referral benefits
- Purchase of PngCoin in the open digital asset market
However, it should be noted that there will be no initial public sale of PngCoin to any category of investors. Haven't said that, the issuer (Andromeda Technologies Ltd ) will still be able to sell all the unlocked Pngcoin from its treasury through a private sale, the token grants and IEO to finance and develop the Pngme Network ecosystem.
Why will Pngme succeed in emerging markets?
- Pngme is providing an all-inclusive platform that will grant access to financial services just from a tap of a mobile device which will eliminate all the constrain that MSMEs suffer from banking services.
- Pngme is set out to close over $5.2 trillion finance gap affecting 200 million MSMEs worldwide by reducing the cost of credit and at the same time increasing its availability with the primary aim of driving sustainable economic growth.
- Pngme is providing a solution to exchange digital assets to fiat and vice-versa seamlessly through smartphone and blockchain technology
- The technology that is going to be deployed by pngme has drastically reduced the charges that is used to serve customers and also pens up a significant growth opportunity by serving customers directly through their mobile application.
- The final product of pngme will enable users to be able to stake Pngcoin to earn interest and increase their Pngcoin holdings as well as get discounts on lending rates and fees.
- The pngme platform provides both the current and historical credit risk information, investors can rely on this to price capital more efficiently which will, in turn, increase the supply of affordable capital for borrowers
For more information about the Pngme Network and other features not covered, feel free to visit any of the links below.