Pendulum Native Token
PEN utilities include powering transactions as the gas token on Pendulum as well as governance and staking.
Inflationary, through staking and vault operator rewards
Initial Circulating Supply
Supply at Genesis
Limited Delegator Proof of Stake
Gas,Staking and Governance
Token allocation - Overall (%)
The distribution maintains a balance between Pendulum’s early supporters and the Pendulum community with an even 50/50 split.
Token Allocation - Community (%)
The chart below shows the percentage that each community bucket takes up from the community bucket that takes up 50% of the total PEN total allocation. The community distribution includes staking rewards for directly staking PEN (28%) as well as staking rewards related to Spacewalk bridge (12%). The Crowdloan #35 was won by Pendulum
Token Allocation - Backers (%)
The below chart shows the distribution of tokens to Pendulum’s early backers that have supported the building of Pendulum and Amplitude for over 1 year now.
Below is the vesting schedule for all community and backer tokens. Most of the tokens include a vesting schedule that unlocks linearly over 2 to 3 years to ensure all participants are incentivized to work towards Pendulum’s long-term growth.
TGE Unlock (%)
Essential network fees
Transaction fees are an integral part of the network, and are applicable to every transaction on the protocol.
Token holders can delegate their tokens to collators and earn rewards as they do so. This is done as to incentivize external collators to perform.
Pendulum's on-chain governance lets the community vote, discuss, and propose changes. Key areas include asset listings, reward distributions, and network parameters.
for adding and removing tokens from the DEX
and their distribution
related to technical, software configurations, fees, etc.