Cryptocurrency Q&A
Is PENDLE an ERC 20 token?
Is PENDLE an ERC 20 token?
Dario
Mon May 27 2024
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6 answers
995
Could you please clarify for me whether PENDLE qualifies as an ERC 20 token? I've been trying to understand the technical specifications of this particular cryptocurrency, but I'm still a bit hazy on the details. ERC 20 tokens are a specific type of Ethereum-based tokens, and I'm wondering if PENDLE falls into that category. Could you enlighten me on this matter? It would greatly assist me in my understanding of the cryptocurrency landscape. Thank you in advance for your assistance.
6 answers
GliderPulse
Wed May 29 2024
Pendle, a cryptocurrency platform, introduces its native token known as PENDLE. This ERC-20 token stands out for its unique feature of having no maximum supply, ensuring its scarcity and value.
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CherryBlossomKiss
Tue May 28 2024
BTCC, a leading cryptocurrency exchange headquartered in the UK, offers a comprehensive range of services. These include spot trading, futures trading, and a secure wallet solution for storing digital assets.
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emma_anderson_scientist
Tue May 28 2024
The PENDLE token is designed as a pure utility token, emphasizing its functional role within the Pendle ecosystem. Its primary function is to facilitate governance decisions as the protocol matures and evolves.
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Sara
Tue May 28 2024
BTCC's spot trading service allows users to buy and sell cryptocurrencies at market prices, providing a convenient platform for liquidity and exchange. The futures trading platform offers leveraged trading opportunities for experienced investors.
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SumoMight
Tue May 28 2024
To promote early adoption and participation, Pendle has implemented a hybrid inflation model. Initially, incentives of 1.2 million PENDLE tokens are distributed weekly for the first 26 weeks.
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