Neutral PegNet opinions
Summary:
So far,1 of opinions have been recorded for PegNet. These opinions are not investment recommendations but the community's perspective on PegNet. Please do not make a purchase decision based on these PegNet opinions.
Submit your opinion
We look forward to an honest and authentic assessment of this crypto currency.
PegNet opinion #1
In the PegNet (PEG) we have a representative of StableCoins, which is based on the FIAT currency, other crypto currencies or precious metals as value pairs.
This coin has been issued only recently to support the use of the current DeFi Hype phase. Compared to the other StableCoins, this coin is verified by means of PoW (Proof of Work) by transmitting price information from external sources.
Technically this coin is based on the BaaS (Blockchain as a Service) Service Factom.
Currently I can trade this StableCoin on only 5 Exchanges. Therefore it is rather advisable to use DeFi to park your assets in between without fear of loss of value. Whereby it should be noted that a 100% protection against loss of value is not given with StableCoins.
For users in Germany, this coin is not recommended for tax reasons, as changing their ETH token to this StableCoin also leads to a tax action.
Therefore, the project receives a neutral 3 stars from me.