Rank #369
5,016 people like this
pylon protocol  (MINE)

Pylon Protocol (MINE)

$0.199689 15.1%
0.00000321 BTC 10.1%
5,016 people like this
24H Range
Market Cap $136,496,029
24 Hour Trading Vol $22,685
Fully Diluted Valuation $1,996,887,057
Total Value Locked (TVL) $142,944,738
Fully Diluted Valuation / TVL Ratio 13.97
Market Cap / TVL Ratio 0.95
Circulating Supply 683,544,062
Total Supply 10,000,000,000
Max Supply 10,000,000,000
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Pylon Protocol (MINE) Price Chart

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MINE Price and Market Stats

MINE Price $0.199689
Market Cap $136,496,029
Market Cap Dominance 0.01%
Trading Volume $22,685
Volume / Market Cap 0.0002
24h Low / 24h High $0.168081 / $0.304235
7d Low / 7d High $0.147149 / $0.215822
Market Cap Rank #369
All-Time High $0.304235 -43.3%
Oct 15, 2021 (21 hours)
All-Time Low $0.141402 22.0%
Sep 07, 2021 (about 1 month)

Pylon Protocol Coin Price & Market Data

Pylon Protocol price today is $0.199689 with a 24-hour trading volume of $22,685. MINE price is up 15.1% in the last 24 hours. It has a circulating supply of 680 Million MINE coins and a total supply of 10 Billion. If you are looking to buy or sell Pylon Protocol, Hotbit is currently the most active exchange.

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.

Pylon Protocol News & Guides

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