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M. Cap: $2.32 T -0.16%24h Vol: $119.73 B -4.18%BTC: $68,820.88 -0.13%ETH: $2,438.99 -1.36%S&P 500: $5,709.87 -0.27%Gold: $2,740.02 0.07%BTC Dominance: 58.75%
  • #7348

Penrose Finance PEN

PEN Price

$0.00001518-2.00%
Price Range--
--

Market Cap 

--Rank #7348

FDV 

--Rank #11927

Investors

X Followers

X Performance

156WeakRank by X #9813
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Data from TweetScout 
OverviewExchangesFundraisingVesting
Activities

Detailed Performance

SentimentBearish

PEN shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods

Trading Pair1h24h7d1m3m1y
PEN/USD
0.00%-2.00%-11.95%-35.77%-61.87%-85.57%
PEN/BTC
-0.15%-1.92%-8.87%-41.95%-71.64%-92.62%
PEN/ETH
-0.17%-0.63%-5.17%-36.31%-64.81%-88.81%
PEN/DeFi
-0.26%-0.65%-0.27%-31.13%-70.52%-86.61%
PEN/Protocol
-0.13%-1.60%-1.13%-28.41%-67.13%-86.74%

PEN to USD Converter

PEN

Price History

All-Time High
$0.02767
1823x to ATH
All-Time Low
$0.00001513
1.00x to ATL
Trade Launch Date
22 Jun, 2022
867 days ago

About PEN

Penrose Finance is a protocol designed to optimize yield, voting rights, and liquidity provision on Dystopia, which is a decentralized exchange (AMM). It allows users to exchange tokens and earn DYST emissions by providing liquidity. The protocol also introduces the concept of veDYST, which rewards long-term users with trading rewards. Penrose Finance was built with safety and security in mind, although there are inherent risks in interacting with smart contracts in decentralized finance.

What makes Penrose Finance unique?

Penrose Finance is unique compared to other cryptocurrencies in several ways. Firstly, it was built with a strong focus on safety and security, which is crucial in the decentralized finance (DeFi) space. The smart contracts of Penrose have undergone thorough reviews by multiple teams to identify potential vulnerabilities before its launch.
Additionally, Penrose offers a unique feature for DYST stakers. When users deposit their veNFT or DYST, they automatically receive a proportional amount of penDYST. This tokenized representation of locked Penrose DYST is not diluted due to Dystopia's rebase mechanism, as rebased DYST is converted to penDYST and passed on to penDYST stakers.
Furthermore, Penrose provides opportunities for users to stake their PEN tokens and earn a share of the platform's earnings. This allows users to participate in the growth of the ecosystem while earning protocol fees and enjoying optimized benefits such as lesser locking duration and bribes.
Lastly, Penrose gives its users control and voting power. Holders of PEN tokens can have a say in the expansion of the platform, decide on DYST emissions, and earn protocol fees. This level of governance involvement sets Penrose apart from other cryptocurrencies.
Overall, Penrose Finance stands out through its focus on safety, unique staking mechanisms, earning opportunities, and user control and governance.

Live Penrose Finance Price Data

The current price of Penrose Finance (PEN) is approximately $0.00001518, reflecting a decrease of -2.00% in the last 24 hours. The PEN trading volume in the last 24 hours stands at $1.14.

For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Penrose Finance's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on PEN, check out our crypto insights page.

Official Links

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