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So what's next for Pendulum?
What is the Mainnet in February and how will this value the worth of Pendulum to Blue Star?
Can anyone explain?
Many thanks
mainlet is the deployment of the solution for real meaning in the real world
the tesnet is the testing ground for the solution. Once this is done pendulum appp will be avaialabke to us to provide liquidity to AMM this is big
I thought thee duke would be posting
Hope all is well duke
Thanks for the reply Chester.
Certainly an exciting time right now and I'm looking forward to next year and all this going live.
Can't wait till we get the valuations on both Pendulum and Dynasty.
Thanks
sorry i know its how long is a piece of string question and i dont want to start any ramp / deramp but are we looking at potential movement of decimal places if all goes well
Yes Pennies not points of a pence.
Either way it's a ridiculous share price right now.
Completely decimated from our second largest shareholder to through into TNT.
Good for Duke that he still has a superb holding here.
After todays resounding Crowdloan win and set to become a Polkadot parachain the share price will hopefully take care of itself.
Looking healthy again now.
Thanks
Meinhard tweeted today.
i did some digging. yesterday's @pendulum_chain parachain auction was the fastest to reach its cap, ever. top 5:
pendulum (300k dot): 3min
mangata (14k ksm): 1h
aventus (200k dot): 24h
oak (150k dot): 60h
genshiro (2k ksm): 64h
insane! thanks to all contributors!
just out of interest and to take advantage of your analytics
how did the lesser 4 perform in the market after commencement of token trading?
wont necessarily give exact idea of what's to come but will offer details of possibilities come February.
atb
blu
He switched out of a lot of Blu to buy tintra
Odd as I think Tintra falls to 100p (it’s never made a profit !!)
And Blu is likely to double so no idea why he would switch ..seems crazy to me ,hey ho
certainly hope more than a double with the parachain news
if i remember correctly nico you sold some of your position at around 0.6 levels and have bought back at the lows, JPM taught you well.
ALL depends on valuations next year for Dynasty and Satoshipay, person ally i am hooping for at least 0.6 again.
time will tell !!
atb
Interesting that the main reason the Auction cap 300k DOT) was reached so quickly because 1 contributor alone stake 230,000 DOT - thats the best part of 1m USD staked. Someone with pretty deep pockets is very keen on the project and lots of other potential stakeholders lost out (myself included)
This message to the unlucky ones.
@everyone Message from Daniel Kisuk, CMO of Pendulum:
A message to the Pendulum Community,
We would like to express our sincere gratitude for your support throughout this past year of our vision, mission, and technology. Your belief in what we are striving to achieve means a lot to us.
We are very grateful for everyone’s contributions to our successful Polkadot crowdloan, which will officially conclude later this week. Reaching auction hardcap with the highest $DOT contribution in the ecosystem since May 2022.
We understand that many of you were not able to participate in the crowdloan and that this may be frustrating. Many of you got on the waitlist and had your DOT ready but could not participate in time.
While we have no control over the outcomes, timings, or participants in the Polkadot auction, we do have control over reward programs.
To show our appreciation, we plan to announce new community reward programs for our early supporters and waitlist participants to benefit from before the PEN TGE (token generation event) projected for February 2023.
We value our community and early supporters and are always here to listen, collaborate, and improve as we move forward together.
Thank you,
Pendulum CMO, Daniel Kisuk
even with my disdain for crypto, i had DOT to contribute, not quick enough though
seeing both sides,
Pendulum value the "community" hence suspect would have liked or anticipated as many as possible to participate,
Pendulum the business, want the contributions as quickly as possible, whatever the contribution size, to ensure the parachain is won.
a massive success, well done Satoshipay / Pendulum.
personally believe the main push on the share price comes in February and anticipation of the PEN token.
Value for SP again isn't derived by the value of Pendulum tokens @addisonShares. I get called a deramper for that but just don't want people to get it wrong. I'm a fan of Blu and a fan of SP.
The pendulum tokens will have a seperate value compared to Satoshi Pay. It's how crypto works. sP is the company behind Pendulum. There will be some value accrued to SP via pendulum price (e.g. via retained tokens, fee arrangements, etc). But not a 1:1 ratio. Plus remember pendulum won't be at token generation until Feb anyway (my understanding) so technically no market value yet).
Forgive my ignorance here. But if satoshipay 100% own pendulum, whatever value attributed to pendulum will then be carried as such on there books as an asset?
@Nightye1 SP doesn't own 100% of Pendulum tokens. That's what I want people to understand. SP is the company behind Pendulum. Pendulum itself is a token created by SP and has a different set of holders (in accordance to it's tokenomics structure). The only value that will be on SP's books is the value of retained tokens. The rest will be in the market and will have different owners. The cash that is generated from sales, etc, however is SP's (but not cash on secondary market). Complex, I know!