⭐️What is the PELL token? The restaking system unlocks the potential of BTCFi Pell Network
🔓The Pell Network was established in 2024 with the goal of building an economic security platform for the Bitcoin ecosystem. The project focuses on the concept of restaking, allowing the reuse of staked BTC to secure decentralized validated services (DVS).
✅Pell Network announced the successful raising of 3 million in the pre-seed round, co-led by Halo Capital, Mirana Ventures, and Paper Ventures. The participation of funds such as ArkStream Capital and Mantle EcoFund affirms confidence in the project's vision.
🎯The capital is used to develop the omnichain DVS network, breaking down barriers between individual blockchains.
👀Information about the PELL token
⚠️Token name: PELL
⚠️Symbol: Pell Network
⚠️Blockchain: Ethereum
⚠️Total supply: 2.1 billion PELL
⚠️Circulating supply: 336 million PELL
Allocation
⏰Community and launch: 25%
⏰Ecosystem growth: 22%
⏰DAO treasury: 18.33%
⏰Investors: 16.67%
⏰Public sale: 3%
⏰Team: 15%
🔊Pell Network is not only a restaking project but also a bridge to expand BTCFi into the economic security of cryptocurrency. With a low market capitalization, the project has great growth potential if it effectively leverages the DeFi trend on Bitcoin. Investors may consider PELL as a promising altcoin but need to monitor price fluctuations and technical risks.