Pylon ProtocolMINE
$0.000320
Market/Exchange
MINE Price Prediction and Price Movement
MINE has been down 20.65 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that MINE's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if MINE is backed by a solid development team and whether MINE's technology has any potential to grow.
Please note that this analysis is purely base on MINE's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Pylon Protocol Price Chart
About Pylon Protocol
Pylon Protocol is a decentralized finance (DeFi) framework for principal-protected, yield-based products and services. Built by Terraform Labs (TFL) on the Terra blockchain, Pylon introduces a new mechanism for long-term incentive alignment between users and service providers where payment is rendered via cash flow rather than upfront expenditure.
In essence, users can deposit Terra stablecoins into platforms integrated with Pylon Protocol in return for platform-specific rewards, including but not limited to exclusive content, no-fee memberships, project token farms, perpetual charity donations, arts patronage, rental services, and principal-protected investments. Upon subscription expiry, users can withdraw their pledged principal in full. Yields generated from savings protocols such as Anchor Protocol are diverted to service providers under the terms explicitly specified in the deposit contract.
The flagship product of the protocol is Pylon Gateway, a decentralized project launchpad and crowdfunding-via-yield platform for Terra, where users can deposit TerraUSD (UST) for a designated vesting period to earn project tokens and governance rights.
The Pylon token MINE is a CW20 token that originally launched on Pylon Gateway. The main function of MINE is to allow holders to engage in protocol governance and earn a portion of protocol yields generated across all Pylon platforms and projects. MINE tokens also serve as an incentives gateway to encourage user deposits into platforms powered by Pylon Protocol.