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    Pencils Protocol price

    Pencils Protocol priceDAPP

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    DAPP
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    1 DAPP = 0.1137 USD
    Last updated 2024-11-22 00:34:27(UTC-0)
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    Pencils Protocol price live data summary

    The live price of Pencils Protocol is $0.1137 per (DAPP / USD) today with a current market cap of -- USD. The 24-hour trading volume is $0.00 USD. DAPP to USD price is updated in real time. Pencils Protocol is -0.52% in the last 24 hours. It has a circulating supply of -- .

    What is the highest price of DAPP?

    DAPP has an all-time high (ATH) of $2.1, recorded on .

    What is the lowest price of DAPP?

    DAPP has an all-time low (ATL) of $0.06000, recorded on .
    Calculate Pencils Protocol profit

    Pencils Protocol price prediction

    What will the price of DAPP be in 2025?

    Based on DAPP's historical price performance prediction model, the price of DAPP is projected to reach $0.2509 in 2025.

    What will the price of DAPP be in 2030?

    In 2030, the DAPP price is expected to change by -5.00%. By the end of 2030, the DAPP price is projected to reach $0.3713, with a cumulative ROI of +225.41%.

    Pencils Protocol ratings

    Average ratings from the community
    4.4
    100 ratings
    This content is for informational purposes only.

    About Pencils Protocol (DAPP)

    What Is Pencils Protocol (DAPP)?

    Pencils Protocol (DAPP) is a decentralized finance (DeFi) aggregation platform designed to enhance the management and utilization of blockchain-native assets. As a native gateway for the Scroll ecosystem, it leverages advanced technologies like zero-knowledge proofs to provide scalable, private, and secure DeFi services. The platform integrates various financial services, including yield farming, staking, and auctions, allowing users to maximize their asset returns while maintaining a high level of security and regulatory compliance. By offering unified solutions for liquid staking and restaking, Pencils Protocol aims to become a major player in the DeFi sector, particularly within the growing Scroll ecosystem.

    In addition to financial services, Pencils Protocol addresses key challenges faced by traditional DeFi platforms, such as privacy, scalability, and compliance with regulations like KYC (Know Your Customer) and AML (Anti-Money Laundering). By focusing on these areas, the protocol provides a more secure environment for users to engage in decentralized finance activities while adhering to legal requirements. With its innovative approach to liquidity management, auction systems, and multi-layered rewards, Pencils Protocol is positioned to become a go-to platform for DeFi users seeking both high yields and strong privacy protections.

    How Pencils Protocol Works

    Pencils Protocol functions through a combination of vaults, staking, and an auction platform, all within the Scroll ecosystem.

    1. Vaults: These are smart contracts where users can deposit cryptocurrencies. The protocol uses these vaults to invest and reinvest users’ deposits, implementing predefined yield optimization strategies like yield farming, lending, and liquidity provision. Vaults help users generate returns while automatically handling staking, portfolio rebalancing, and transactions.

    2. Staking: Pencils Protocol offers a variety of staking services, including liquid staking and restaking. Liquid staking allows users to stake assets and earn rewards while still retaining liquidity through tokenized versions of their staked assets (e.g., staking ETH to receive pETH). Restaking enhances returns by allowing assets to be staked again across various chains, providing additional yield.

    3. Auction Platform: The protocol supports several types of auctions, including English, Dutch, and batch auctions, as well as innovative methods like Liquidity Bootstrapping Pools (LBP) and Gradual Dutch Auctions (GDA). This enables users to buy and sell digital assets like native tokens, NFTs, and real-world assets. Pencils Protocol’s auction system also integrates with KYC and AML compliance to ensure a secure and legal transaction environment.

    The protocol’s design emphasizes privacy and compliance, utilizing zero-knowledge proofs for transaction validation and integrating tools like Graph Convolutional Networks (GCNs) to monitor and prevent illegal activities such as money laundering.

    What Is the DAPP Token?

    The native utility token of Pencils Protocol is called DAPP. This token plays a critical role in the platform's ecosystem by providing several key functions:

    • Governance: DAPP holders can participate in community governance, voting on important protocol decisions, development directions, and interest rate adjustments.

    • Collateral: Users who wish to list assets on Pencils Protocol’s auction platform are required to stake DAPP as collateral to prevent malicious activities. If misconduct is detected, the staked tokens are redistributed among the community.

    • Medium of Exchange: Within the Pencils ecosystem, DAPP can be used to access exclusive strategies, higher leverage for staking, and other premium services. Users also earn rewards in DAPP for their participation and activities within the platform.

    • Point System: Early adopters of the platform can earn Pencils points, which will be mapped to rights in DAPP. These points unlock various benefits, including priority access to new farming methods and preferential policies.

    Conclusion

    Pencils Protocol offers a comprehensive platform for decentralized finance, providing users with opportunities to earn yield, stake assets, and participate in innovative auctions. With its focus on security, privacy, and compliance, along with the utility provided by the DAPP token, Pencils Protocol is set to create a scalable and efficient ecosystem for DeFi enthusiasts. New investors can explore various yield opportunities while benefiting from the platform’s robust security and governance framework.




    Pencils Protocol price performance in USD

    24h7 days30 days90 days1 yearAll-time
    -0.52%-11.31%-22.71%+89.50%+89.50%+89.50%

    Pencils Protocol price history in USD

    The price of Pencils Protocol is +89.50% over the last year. The highest price of DAPP in USD in the last year was $2.1 and the lowest price of DAPP in USD in the last year was $0.06000.
    TimeLowHigh
    24h$0.1137$0.1143
    7d$0.1131$0.1324
    30d$0.1131$0.1815
    90d$0.06000$2.1
    1y$0.06000$2.1
    All-time$0.06000(--, Today )$2.1(--, Today )

    Pencils Protocol market information

    Market cap
    --
    -0.52%
    Fully diluted market cap
    --
    -0.52%
    Volume (24h)
    --
    --
    Market rankings
    Circulation rate
    0.00%
    24h volume / market cap
    0
    Circulating supply
    -- DAPP
    Total supply / Max supply
    -- DAPP
    -- DAPP
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    How to buy Pencils Protocol(DAPP)

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    Pencils Protocol news

    See more
    [Initial Listing] Bitget Will List Pencils Protocol (DAPP). Come and grab a share of 200,000 DAPP!
    [Initial Listing] Bitget Will List Pencils Protocol (DAPP). Come and grab a share of 200,000 DAPP!

    We are thrilled to announce that Pencils Protocol (DAPP) will be listed in the Innovation, DeFi and RWA Zone. Check out the details below: Deposit Available: Opened Trading Available: 27 September 2024, 10:00 (UTC) Withdrawal Available: 28 September 2024, 11:00 (UTC) Spot Trading Link: DAPP/USDT Ac

    Bitget Announcement2024-09-27 08:00

    New listings on Bitget

    New listings

    FAQ

    What is the current price of Pencils Protocol?

    The live price of Pencils Protocol is $0.11 per (DAPP/USD) with a current market cap of -- USD. Pencils Protocol's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Pencils Protocol's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Pencils Protocol?

    Over the last 24 hours, the trading volume of Pencils Protocol is --.

    What is the all-time high of Pencils Protocol?

    The all-time high of Pencils Protocol is $2.1. This all-time high is highest price for Pencils Protocol since it was launched.

    Can I buy Pencils Protocol on Bitget?

    Yes, Pencils Protocol is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Pencils Protocol guide.

    Can I get a steady income from investing in Pencils Protocol?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Pencils Protocol with the lowest fee?

    Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

    Where can I buy Pencils Protocol (DAPP)?

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    Cryptocurrency investments, including buying Pencils Protocol online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Pencils Protocol, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Pencils Protocol purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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    DAPP resources

    Links
    Pencils Protocol WebsitePencils Protocol WhitepaperPencils Protocol TwitterPencils Protocol Github

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