While Bitcoin is setting new records every day and is now approaching
$60,000, Pteria DAO's token PTERIA could not be outdone and is
currently exceeding $30.
The token, listed for the first time on decentralized exchanges such as
Uniswap and Balancer just a few months ago, today marks its all time
high and is now worth over $30, as you can see on Coinmarketcap or
Recently Pteria announced its interesting staking project that offers up to
24% annual reward for those who block its PTERIA tokens and vote for
the DAO's proposals.
Currently, in less than a month, over 2 million tokens have been staked
on the platform called Aragon.
Pteria and Wallem
All of this is happening at a time when due to Covid-19 and related
worldwide lockdowns and curfews, the Wallem project, the first game to
use the PTERIA token, is on a hiatus.
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Like Pokémon Go, Wallem allows you to capture discounts and items by
going around the city and that's why, due to the limitations put in place
by the governments of almost all countries, the project is in a state of
standstill, although from the calendar of events you can see that
everything will resume its course on April 9th.
The Pteria DAO, in fact, at the time of its foundation has decided to offer
games like Wallem its tokens, becoming the first decentralized
autonomous organization to support different games and applications.
Wallem is the first in this series but more will be announced in the future.
The burning of PTERIA
Compared to the initial supply of 21 million, the DAO decided to burn
most of the total supply and now stands at only 7 million existing tokens
in order to create a highly scarce token ecosystem.