Last Updated on November 3, 2021 by Guest
Consisting of a package of DeFi Payment products, $MINE is a native governance token from the Pylon Protocol (Gateway). Drawing inspiration from Starcraft’s minerals, Mine has a yield capturing accrual system for all upcoming platform integrations on Pylon Protocol.
This is built on stable yield-bearing protocols such as Anchor to provide services powered by user deposits. With Pylon, sustainable exchanges can be made between long-term value producers and their customers via customizable deposit contracts and ANC yield redirects.
Tipped to be one of the most promising stands of programmable electronic payments, Pylon brings an incentive alignment interface for payees, customers, creators, investors, and entrepreneurs. This protocol is currently operated by independent platforms governed by $MINE (a Pylon native governance token. Coinbase charts show that the Pylon Protocol price has been rising lately. You can check out the Loop Market for more information on Mine Pylon Protocol.
One essential feature of the Mine token is that it allows holders to participate in Pylon Protocol’s community governance system through its web app. You can deposit Mine tokens to produce governance polls. Mine stakers also have the privilege to participate in community votes on fund grants, protocol updates, and other changes.
More importantly, Mine is built to capture a percentage of the transactions and yields produced on Pylon platforms or projects. Those who hold Mine can benefit from the success of Pylon Protocol and its related services. The results gathered in Terra USD are used for Mine buy-backs on Terraswap, then given to Mine holders.
Mine offers incentives to its community participants on Pylon Gateway and secondary platforms built on Pylon through community fund proposals. Liquidity providers to the Mine-UST Terraswap pair will also earn Mine as passive income. Furthermore, Mine stakers may receive airdrops from white-listed projects on Pylon Gateway.
With traditional value transfer models, sellers offer goods or services, and buyers pay through money or barter trade. Although this method can work well for immediate one-off transactions, it doesn’t effectively capture value for long-term and recurrent transactions.
For instance, sellers of intangibles such as music and live streams may find it hard monetizing their services and receiving quick payouts that reflect the growth of their fan bases over time. People who lend non-liquid assets (such as cars and real estate) may not have a platform to securely lease their assets and be given adequate recourse for contract violations.
Pylon can provide each party with the requisite technical tools to adjust their payment methods and facilitate long-term services that attract value with active customer growth. Pylon seeks to build a large variety of consumer-friendly payment and savings channels that integrate complex DeFi payment infrastructure through user deposits.
Guided by the idea of redesigning the future of recurring payments, Pylon strives to launch must-have DeFi features for the adoption of crypto. The next generation of Pylon innovations promises to revolutionize decentralized finance applications and create exciting opportunities for programmable payments.