{"id":20449,"date":"2023-05-01T16:09:27","date_gmt":"2023-05-01T16:09:27","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/pawswap-price-plunge-as-trillions-of-paw-are-staked\/"},"modified":"2023-05-01T16:09:27","modified_gmt":"2023-05-01T16:09:27","slug":"pawswap-price-plunge-as-trillions-of-paw-are-staked","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/pawswap-price-plunge-as-trillions-of-paw-are-staked\/","title":{"rendered":"PAWSWAP price plunge as trillions of PAW are staked"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1682950211680-f0762c5a-4e1e-41c8-a926-fcf0df2e2b1f-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1682950211680-f0762c5a-4e1e-41c8-a926-fcf0df2e2b1f-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1682950211680-f0762c5a-4e1e-41c8-a926-fcf0df2e2b1f-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1682950211680-f0762c5a-4e1e-41c8-a926-fcf0df2e2b1f-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>At press time, the PAW token had dropped 10.90%.<\/li>\n<li>PawSwap team yesterday launched its PAW Staking Mainnet.<\/li>\n<li>So far about 200 trillion PAW tokens have been staked on the mainnet.<\/li>\n<\/ul>\n<p>Contrary to the expectations of many, the <a href=\"https:\/\/pawecosystem.com\/\">PAWSWAP (PAW)<\/a> price has plunged after about 200 trillion PAW tokens are staked on the PAW Staking Mainnet which was launched on April 30, 2023. Interestingly, it has taken less than 24 hours for so many PAW tokens to be staked.<\/p>\n<p>Normally, such a great reduction of token supply would result in a significant price surge but that has not been the case for PAWSWAP, whose price had rather dropped by 10.68% at press time. The staked PAW tokens account for 0.2% of the total PAW token supply.<\/p>\n<h2>PawSwap roadmap<\/h2>\n<p>The launch of the mainnet for staking is the first major product to be launched for the PAW ecosystem. The project has a robust roadmap including PawChain blockchain and cross-chain decentralized exchange (PawSwap), focusing on security, speed, and a user-friendly experience for trading crypto assets.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The PAW Staking Mainnet is Live! <\/p>\n<p>We are happy to report our staking platform, which is our first major PAW Ecosystem product delivery, has been deployed.<\/p>\n<p>You can visit <a href=\"https:\/\/t.co\/VVNxUpRThp\">https:\/\/t.co\/VVNxUpRThp<\/a> to get started and get staking!<\/p>\n<p>In the next few days, the PAW team will provide the\u2026 <a href=\"https:\/\/t.co\/LjsGxfiC7w\">pic.twitter.com\/LjsGxfiC7w<\/a><\/p>\n<p>\u2014 PAWChain (@PawChain) <a href=\"https:\/\/twitter.com\/PawChain\/status\/1652720641408114691?ref_src=twsrc%5Etfw\">April 30, 2023<\/a><\/p>\n<\/blockquote>\n<p>CertiK has already confirmed that the newly launched mainnet \u201cmeets their standards.\u201d In addition, the PawSwap team also said that it will be chairing a report on the audit status of the mainnet with its community.<\/p>\n<p>The PawSwap team started with the launch of the PAW token on the <a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum network<\/a> and has now launched the PAW Staking Mainnet.<\/p>\n<p>While the launch of the staking mainnet and the subsequent token staking seem not to have stirred a bullish PAWSWAP price movement, the launch of the PawChain blockchain and cross-chain decentralized exchange (PawSwap) is expected to increase PAW token demand which could, in turn, result in a price surge for the PAW token.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/pawswap-price-plunge-as-trillions-of-paw-are-staked\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) At press time, the PAW token had dropped 10.90%. PawSwap team yesterday launched its PAW Staking Mainnet. So far about 200 trillion PAW tokens have been staked on the mainnet. Contrary to the expectations of many, the PAWSWAP (PAW) price has plunged after [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":20450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/20449"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=20449"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/20449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/20450"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=20449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=20449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=20449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}