Pylon Network price is $0.04043673
The current price of Pylon Network (PYLNT) is $ 0.04043673. In the last 24 hours, its price has increased by +0.00%. However, it's advisable to keep a close eye on the cryptocurrency market, as prices can fluctuate rapidly.
Pylon Network is a specialized blockchain platform designed to facilitate digital communication within the energy sector. The central focus of this platform is to streamline the interaction between all the stakeholders in the energy market. Pylon Network maintains its neutrality by operating as a Neutral Energy DataHub. It is supported by decentralized Federated Nodes, with all node operators required to stake Pylon Tokens (PYLNT) to be part of the network.
The Pylon Network website and platform do not specify individual founders or a founding team. It seems to be a collaborative project of professionals from various disciplines aiming to help the energy sector harness the power of blockchain.
Pylon Network is essentially a decentralized network of Federated Nodes. These nodes are a crucial part of the community, as they provide the necessary computing power for the network to function. Each Federated Node operator must stake Pylon Tokens (PYLNT) to become a part of the network. These tokens, therefore, have a pivotal role in maintaining and securing the network’s decentralization.
In return for their contribution, Node operators receive 80% of the network rewards in the form of Pyloncoin (PYLNC). PYLNC serves as the utility coin within Pylon Network's Neutral Data Hub.
Pylon Network distinguishes itself by focusing exclusively on addressing the challenges within the energy sector. Its neutrality ensures that all parties get equal treatment and access. Additionally, by employing the staking mechanism, Pylon Network encourages more participants to join the network, further strengthening its decentralization.
The network’s operational metrics, such as market capitalization and total supply, are instrumental in understanding its performance and potential. Pylon Network (PYLNT) is ranked at #3589 based on its market capitalization of $ 23.1K. It has a circulating supply of 0.6M, and the total supply is 0.6M. The trading volume within the last 24 hours is 7.6.
Pylon Network (PYLNT) tokens can be bought on several cryptocurrency exchanges. The currently available exchanges for purchasing PYLNT are: STEX, Bit-Z, IDEX. Remember, it's always essential to do your due diligence before choosing an exchange for purchasing cryptocurrencies.
Keeping your digital assets safe is of utmost importance. To secure your Pylon Network tokens, consider using a hardware wallet. These are physical devices that store your private keys offline. Also, always ensure you use secure and trustworthy exchanges for any transactions. Be sure to enable all available security measures, including two-factor authentication. Always stay vigilant for phishing attacks and refrain from sharing sensitive information with unverified sources.
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