1 million EDO burn
Automated burning start
This means that any usage of EDO will result in a quick burn and the supply will promptly reflect the usage of EDO-based services.
PNT is the utility token at the center of the Eidoo ecosystem. Its purpose is to simplify access and interaction with different blockchains. PNT was formerly EDO token. An upgrade of the EDO token into PNT took place on June 18th, 2020.
In preparation for the token upgrade, and to mark the start of a new phase for the token economy, an additional token burn of 28,350,000 EDO was manually executed by the Eidoo team on June 11th, 2020.
Read more about the burn and the upgrade here.
The inherent value and utility of EDO has been transferred to PNT. PNT gives you the same access to a variety of services, such as the Eidoo Card and its cashback program, and our in-app Atomic Swap feature. A specific % of revenue, which differs for every product and service of ours, is burned as shown below.
The burning process is fully transparent and became completely automated in late 2019.
PNT also offers extended functionality and utility as a new governance token powering the pNetwork (pTokens) ecosystem. It will be used to stake, vote and earn interest within the pNetwork DAO.
50% of all trading fees every 2 hours
50% of all platform fees
50% of all brokerage fees every 2 hours
20% of all trading fees every 2 hours
50% of all transaction fees every 2 hours
20 PNT burned for every Eidoo Basic Card order
25,000 PNT staked for every Eidoo VIP Card order
200,000 PNT staked for every Eidoo Black Card order