PawnHouse will be deployed on the Huobi Eco Chain at 02:00 (UCT9) on December 5, 2021. The world’s first decentralized NFT oracle has officially launched a multi-chain deployment, and the project will add chains such as Ethereum and Flow in the future.
PawnHouse has previously completed deployment and mining on the Binance Smart Chain (BSC). Currently, the loan amount of NFT assets surpassed 500 million U.S. dollars and more than 1,600 currency holders.
HECO currently has a total transaction of 526,777,948 times and more than 16,926,817 addresses with a solid user base. The deployment on HECO is the first step of the “PawnHouse multi-chain strategy” and an opportunity to reach more users. At the same time, PawnHouse can also cooperate with HECO to create a better NFT asset ecosystem.
PawnHouse’s Initial Mining Benefits on HECO:
The token daily supply on HECO’s will be 65,754. The token reward ratio is 1, ten times that of the BSC chain in the same period. Completing a 1 USDT (or equivalent HT) loan or transaction amount can get 1 PH Token as a reward. The average reward ratio on BSC in the last three months is 0.14.
Before December 25, the top 20 addresses that completed any loan (lender) on HECO every day will get a free PHNFT issued by PawnHouse to commemorate the launch of HECO. Each address is limited to getting one.
Related Documents:
-How to Add HECO Mainnet and PH Token in Metamask
-PawnHouse Dual Mining Rules & Algorithm
-How to borrow/lend on PawnHouse
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About PawnHouse
The PawnHouse project team combined and applied both the SMRA theory (2020 Nobel Economic Prize) and The Wisdom of Crowds theory to effectively solve the issue of decentralized NFT asset-pricing and improve the liquidity of NFTs.
Due to its unique characteristics, the historical transaction price of NFT is determined by private value. This results in less effective price information and is easier to control. By introducing price proposers to the market, PawnHouse satisfies both common and private values, and provides a comprehensive and rich price collection strategy. While building a price corridor for NFT assets, PawnHouse also supports NFT’s collateralization and auction transactions.
Follow us:
- Website: https://pawnhouse.io/
- Twitter: https://twitter.com/pawnhouse_nft
- Telegram: https://t.me/pawnhouseofficial
Related news:
- PawnHouse fundraising closed with Huobi Ventures and A&T Capital
- PawnHouse completes $2 million financing round to power NFT pricing solutions
PawnHouse, The World‘s First NFT Oracle
LIQUIDITY | EQUALITY | ACCURACY
