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Pencils Protocol price

Pencils Protocol priceDAPP

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Price of Pencils Protocol today

The live price of Pencils Protocol is $0.09570 per (DAPP / USD) today with a current market cap of -- USD. The 24-hour trading volume is $0.00 USD. DAPP to USD price is updated in real time. Pencils Protocol is -4.78% in the last 24 hours. It has a circulating supply of -- .

What is the highest price of DAPP?

DAPP has an all-time high (ATH) of $2.1, recorded on .

What is the lowest price of DAPP?

DAPP has an all-time low (ATL) of $0.06000, recorded on .
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Pencils Protocol price prediction

What will the price of DAPP be in 2025?

Based on DAPP's historical price performance prediction model, the price of DAPP is projected to reach $0.2401 in 2025.

What will the price of DAPP be in 2030?

In 2030, the DAPP price is expected to change by -16.00%. By the end of 2030, the DAPP price is projected to reach $0.3623, with a cumulative ROI of +263.39%.

Pencils Protocol price history (USD)

The price of Pencils Protocol is +59.50% over the last year. The highest price of DAPP in USD in the last year was $2.1 and the lowest price of DAPP in USD in the last year was $0.06000.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h-4.78%$0.09170$0.1067
7d-13.63%$0.09170$0.1138
30d-42.31%$0.08630$0.2094
90d-65.88%$0.08630$0.3514
1y+59.50%$0.06000$2.1
All-time+59.50%$0.06000(--, Today )$2.1(--, Today )

Pencils Protocol market information

Market cap
--
-4.78%
Fully diluted market cap
--
-4.78%
Volume (24h)
--
--
Market rankings
Circulation rate
0.00%
24h volume / market cap
0.00%
Circulating supply
-- DAPP
Total supply / Max supply
-- DAPP
-- DAPP
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Pencils Protocol ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

About Pencils Protocol (DAPP)

What Is Pencils Protocol (DAPP)?

Pencils Protocol (DAPP) is a decentralized finance (DeFi) aggregation platform designed to enhance the management and utilization of blockchain-native assets. As a native gateway for the Scroll ecosystem, it leverages advanced technologies like zero-knowledge proofs to provide scalable, private, and secure DeFi services. The platform integrates various financial services, including yield farming, staking, and auctions, allowing users to maximize their asset returns while maintaining a high level of security and regulatory compliance. By offering unified solutions for liquid staking and restaking, Pencils Protocol aims to become a major player in the DeFi sector, particularly within the growing Scroll ecosystem.

In addition to financial services, Pencils Protocol addresses key challenges faced by traditional DeFi platforms, such as privacy, scalability, and compliance with regulations like KYC (Know Your Customer) and AML (Anti-Money Laundering). By focusing on these areas, the protocol provides a more secure environment for users to engage in decentralized finance activities while adhering to legal requirements. With its innovative approach to liquidity management, auction systems, and multi-layered rewards, Pencils Protocol is positioned to become a go-to platform for DeFi users seeking both high yields and strong privacy protections.

How Pencils Protocol Works

Pencils Protocol functions through a combination of vaults, staking, and an auction platform, all within the Scroll ecosystem.

  1. Vaults: These are smart contracts where users can deposit cryptocurrencies. The protocol uses these vaults to invest and reinvest users’ deposits, implementing predefined yield optimization strategies like yield farming, lending, and liquidity provision. Vaults help users generate returns while automatically handling staking, portfolio rebalancing, and transactions.

  2. Staking: Pencils Protocol offers a variety of staking services, including liquid staking and restaking. Liquid staking allows users to stake assets and earn rewards while still retaining liquidity through tokenized versions of their staked assets (e.g., staking ETH to receive pETH). Restaking enhances returns by allowing assets to be staked again across various chains, providing additional yield.

  3. Auction Platform: The protocol supports several types of auctions, including English, Dutch, and batch auctions, as well as innovative methods like Liquidity Bootstrapping Pools (LBP) and Gradual Dutch Auctions (GDA). This enables users to buy and sell digital assets like native tokens, NFTs, and real-world assets. Pencils Protocol’s auction system also integrates with KYC and AML compliance to ensure a secure and legal transaction environment.

The protocol’s design emphasizes privacy and compliance, utilizing zero-knowledge proofs for transaction validation and integrating tools like Graph Convolutional Networks (GCNs) to monitor and prevent illegal activities such as money laundering.

What Is the DAPP Token?

The native utility token of Pencils Protocol is called DAPP. This token plays a critical role in the platform's ecosystem by providing several key functions:

  • Governance: DAPP holders can participate in community governance, voting on important protocol decisions, development directions, and interest rate adjustments.

  • Collateral: Users who wish to list assets on Pencils Protocol’s auction platform are required to stake DAPP as collateral to prevent malicious activities. If misconduct is detected, the staked tokens are redistributed among the community.

  • Medium of Exchange: Within the Pencils ecosystem, DAPP can be used to access exclusive strategies, higher leverage for staking, and other premium services. Users also earn rewards in DAPP for their participation and activities within the platform.

  • Point System: Early adopters of the platform can earn Pencils points, which will be mapped to rights in DAPP. These points unlock various benefits, including priority access to new farming methods and preferential policies.

Conclusion

Pencils Protocol offers a comprehensive platform for decentralized finance, providing users with opportunities to earn yield, stake assets, and participate in innovative auctions. With its focus on security, privacy, and compliance, along with the utility provided by the DAPP token, Pencils Protocol is set to create a scalable and efficient ecosystem for DeFi enthusiasts. New investors can explore various yield opportunities while benefiting from the platform’s robust security and governance framework.




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FAQ

What is the current price of Pencils Protocol?

The live price of Pencils Protocol is $0.1 per (DAPP/USD) with a current market cap of -- USD. Pencils Protocol's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Pencils Protocol's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Pencils Protocol?

Over the last 24 hours, the trading volume of Pencils Protocol is --.

What is the all-time high of Pencils Protocol?

The all-time high of Pencils Protocol is $2.1. This all-time high is highest price for Pencils Protocol since it was launched.

Can I buy Pencils Protocol on Bitget?

Yes, Pencils Protocol is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Pencils Protocol guide.

Can I get a steady income from investing in Pencils Protocol?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Pencils Protocol with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Where can I buy Pencils Protocol (DAPP)?

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DAPP resources

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Bitget Insights

crypto_Ghost
crypto_Ghost
7h
Here's an analysis of the top-performing cryptocurrencies of the week:
Here's an expanded analysis of the top-performing cryptocurrencies of the week: Top Performers of the Week The crypto market is experiencing significant growth, with several coins leading the charge. Here's a breakdown of the top 10 gainers over the past 7 days: 1. *$PENGU*: +544% gain, price: $0.03221, market cap: $1.93B PENGU is a community-driven project that has experienced explosive growth. Its meme-inspired concept has resonated with investors. 2. *$VIRTUAL*: +78.38% gain, price: $2.751, market cap: $2.75B VIRTUAL is a token focused on the virtual economy. Its solid fundamentals and innovative approach to the Web3 space make it an attractive option for metaverse enthusiasts. 3. *$BGB*: +48.31% gain, price: $4.229, market cap: $5.88B BGB (Bitget Token) continues to climb as its ecosystem and exchange platform gain traction among traders worldwide. 4. *$AAVE*: +36.56% gain, price: $369.33, market cap: $5.54B AAVE is a DeFi powerhouse that has experienced steady growth. Its lending and borrowing protocols remain strong in this bullish cycle. 5. *$LINK*: +27.54% gain, price: $28.16, market cap: $17.63B Chainlink (LINK) continues its upward trend as the go-to oracle solution for real-world data integration in smart contracts. 6. *$SUI*: +23.73% gain, price: $4.572, market cap: $13.37B SUI's Layer-1 performance and growing dApp ecosystem are driving interest from developers and investors alike. 7. *$ENA*: +21.11% gain, price: $1.0914, market cap: $3.20B ENA is gaining momentum with increasing utility across decentralized finance platforms. 8. *$ENS*: +18.47% gain, price: $41.90, market cap: $1.47B Ethereum Name Service (ENS) continues to soar as more users embrace Web3 domains. 9. *$XMR*: +16.66% gain, price: $214.18, market cap: $3.94B Privacy-focused Monero (XMR) remains a top choice for secure and anonymous transactions in the crypto world. 10. *$LTC*: +15.19% gain, price: $126.71, market cap: $9.53B Litecoin (LTC) proves its longevity yet again as it continues to secure gains and remain a reliable transaction-focused asset. Key Takeaway The market is heating up, and these projects are leading the charge. Whether it's DeFi giants like AAVE and LINK, community gems like PENGU, or privacy leaders like XMR, each coin brings something unique to the table. Outlook As the market continues to evolve, it's essential to keep an eye on these top-performing cryptocurrencies. Their growth and adoption could have a significant impact on the overall market trend. Investment Strategy When investing in cryptocurrencies, it's crucial to conduct thorough research and consider factors like market trends, adoption rates, and project fundamentals. Diversifying your portfolio and setting clear investment goals can also help you navigate the market's volatility. Conclusion The top-performing cryptocurrencies of the week offer a glimpse into the market's current trends and opportunities. By staying informed and adapting to the market's evolution, investors can make informed decisions and capitalize on the growth potential of these emerging assets.
LINK0.00%
SPACE-2.52%
No_thing
No_thing
7h
Here's an expanded analysis of the top-performing cryptocurrencies of the week: Top Performers of the Week The crypto market is experiencing significant growth, with several coins leading the charge. Here's a breakdown of the top 10 gainers over the past 7 days: 1. *$PENGU*: +544% gain, price: $0.03221, market cap: $1.93B PENGU is a community-driven project that has experienced explosive growth. Its meme-inspired concept has resonated with investors. 2. *$VIRTUAL*: +78.38% gain, price: $2.751, market cap: $2.75B VIRTUAL is a token focused on the virtual economy. Its solid fundamentals and innovative approach to the Web3 space make it an attractive option for metaverse enthusiasts. 3. *$BGB*: +48.31% gain, price: $4.229, market cap: $5.88B BGB (Bitget Token) continues to climb as its ecosystem and exchange platform gain traction among traders worldwide. 4. *$AAVE*: +36.56% gain, price: $369.33, market cap: $5.54B AAVE is a DeFi powerhouse that has experienced steady growth. Its lending and borrowing protocols remain strong in this bullish cycle. 5. *$LINK*: +27.54% gain, price: $28.16, market cap: $17.63B Chainlink (LINK) continues its upward trend as the go-to oracle solution for real-world data integration in smart contracts. 6. *$SUI*: +23.73% gain, price: $4.572, market cap: $13.37B SUI's Layer-1 performance and growing dApp ecosystem are driving interest from developers and investors alike. 7. *$ENA*: +21.11% gain, price: $1.0914, market cap: $3.20B ENA is gaining momentum with increasing utility across decentralized finance platforms. 8. *$ENS*: +18.47% gain, price: $41.90, market cap: $1.47B Ethereum Name Service (ENS) continues to soar as more users embrace Web3 domains. 9. *$XMR*: +16.66% gain, price: $214.18, market cap: $3.94B Privacy-focused Monero (XMR) remains a top choice for secure and anonymous transactions in the crypto world. 10. *$LTC*: +15.19% gain, price: $126.71, market cap: $9.53B Litecoin (LTC) proves its longevity yet again as it continues to secure gains and remain a reliable transaction-focused asset. Key Takeaway The market is heating up, and these projects are leading the charge. Whether it's DeFi giants like AAVE and LINK, community gems like PENGU, or privacy leaders like XMR, each coin brings something unique to the table. Outlook As the market continues to evolve, it's essential to keep an eye on these top-performing cryptocurrencies. Their growth and adoption could have a significant impact on the overall market trend. Investment Strategy When investing in cryptocurrencies, it's crucial to conduct thorough research and consider factors like market trends, adoption rates, and project fundamentals. Diversifying your portfolio and setting clear investment goals can also help you navigate the market's volatility. Conclusion The top-performing cryptocurrencies of the week offer a glimpse into the market's current trends and opportunities. By staying informed and adapting to the market's evolution, investors can make informed decisions and capitalize on the growth potential of these emerging assets.
LINK0.00%
SPACE-2.52%
CryptoSatRed
CryptoSatRed
8h
Top Performers of the Week- 7D Gainers 🚀 The crypto market is buzzing, and these coins are leading the charge with impressive gains! 📈 Let’s break down the top movers and shakers for the past 7 days: 1️⃣ $PENGU 🐧 Gain: +544% 🔥 Price: $0.03221 Market Cap: $1.93B PENGU is making waves with explosive growth, proving that community-driven projects can pack a punch! A meme-inspired gem? Keep an eye on this one. 2️⃣ $VIRTUAL 🪙 Gain: +78.38% 🚀 Price: $2.751 Market Cap: $2.75B Virtual economy tokens are thriving! With solid fundamentals and innovation in the Web3 space, this is one to watch for metaverse enthusiasts. 3️⃣ $BGB 🔗 Gain: +48.31% 💹 Price: $4.229 Market Cap: $5.88B BGB (Bitget Token) keeps climbing as its ecosystem and exchange platform gain traction among traders worldwide. 4️⃣ $AAVE 🔮 Gain: +36.56% 📊 Price: $369.33 Market Cap: $5.54B The DeFi powerhouse AAVE is flexing its muscles with steady growth. Lending and borrowing protocols remain strong in this bullish cycle! 5️⃣ $LINK 🔗 Gain: +27.54% 🌐 Price: $28.16 Market Cap: $17.63B Chainlink (LINK) continues its upward trend as the go-to oracle solution for real-world data integration in smart contracts. 6️⃣ $SUI 💧 Gain: +23.73% 🚀 Price: $4.572 Market Cap: $13.37B SUI’s Layer-1 performance and growing dApp ecosystem are driving interest from developers and investors alike. 7️⃣ $ENA ⚫ Gain: +21.11% 📈 Price: $1.0914 Market Cap: $3.20B ENA is gaining momentum with increasing utility across decentralized finance platforms. 8️⃣ $ENS 🔷 Gain: +18.47% 🆔 Price: $41.90 Market Cap: $1.47B Ethereum Name Service (ENS) continues to soar as more users embrace Web3 domains. Simplifying crypto addresses is the future! 9️⃣ $XMR 🕶️ Gain: +16.66% 🔒 Price: $214.18 Market Cap: $3.94B Privacy-focused Monero (XMR) remains a top choice for secure and anonymous transactions in the crypto world. 🔟 $LTC ⚡ Gain: +15.19% 📉 Price: $126.71 Market Cap: $9.53B Litecoin (LTC) proves its longevity yet again as it continues to secure gains and remain a reliable transaction-focused asset. 🌟 Key Takeaway: The market is heating up, and these projects are leading the charge! 🔥 Whether it’s DeFi giants like #AAVE and #LINK, community gems like #PENGU, or privacy leaders like #XMR, each coin brings something unique to the table. Which of these projects excites you the most? 🤔
LINK0.00%
BGB+13.77%
No_thing
No_thing
21h
Here's an expanded analysis of Magic Eden's journey to becoming the #1 NFT marketplace and its strategy for ecosystem expansion: Magic Eden's Rise to Prominence Magic Eden has established itself as a leading consumer dApp in the crypto industry, with over $6B in total trading volume and 3 million wallets in just three years. Its success can be attributed to its ability to adapt to the evolving NFT market landscape. NFT Marketplace Dynamics The NFT marketplace sector lacks diverse or complex technical features, making it challenging for platforms to differentiate themselves. As a result, users can easily switch between platforms, and market share can change rapidly. Magic Eden's Strategy for Ecosystem Expansion Magic Eden is expanding its ecosystem through agile multi-chain support, leveraging its own wallet to ensure a seamless multi-chain experience for users. Its long-term goal is to become a comprehensive platform enabling the trading of various assets, including tokens and Ordinals (Bitcoin-equivalent NFTs). Opportunities in the Bitcoin Ecosystem Magic Eden has discovered opportunities in the Bitcoin ecosystem, marking the beginning of its DEX expansion. By exploring these opportunities, Magic Eden can further expand its ecosystem and build strong network effects. Magic Eden Wallet The Magic Eden Wallet is a crucial component of its ecosystem expansion strategy. By maximizing UX and achieving user lock-in, Magic Eden can create a seamless multi-chain experience for users, driving adoption and retention. $ME Tokenomics The $ME token is central to Magic Eden's ecosystem expansion strategy. By staking $ME, users can trade digital assets on Magic Eden and earn $ME as rewards. $ME holders will also have the opportunity to participate in key governance proposals and impact the protocols that power Magic Eden. Conclusion Magic Eden's strategy for ecosystem expansion and building network effects is focused on agile multi-chain support, leveraging its own wallet, and creating a comprehensive platform for trading various assets. By executing this strategy, Magic Eden can solidify its position as the leading NFT marketplace and create a sustainable ecosystem that drives long-term growth.
BITCOIN+2.49%
DAPP-5.62%
RACECREPTO
RACECREPTO
23h
Tokenomics for $ME: Magic Eden’s Official Token
ME Foundation Tokenomics for $ME: Magic Eden’s Official Token A blog post about the tokenomics for $ME, Magic Eden's official token ME Foundation is excited to announce the details of the $ME token. This tokenomics blog delves into the following points: The next phase era of innovation in crypto is all onchain. $ME has been adopted by Magic Eden, the top multi-chain, multi-asset onchain trading platform Magic Eden is the #1 BTC DEX, #1 NFT platform, and building a cross chain mobile-native trading decentralized app (dApp). Their vision for the future is to make digital ownership universal. To accomplish this goal, Magic Eden will be the entrypoint for all crypto users to go onchain and trade all assets on all chains in one platform $ME will accelerate the growth of onchain users by rewarding users with $ME for trading all assets on all chains, to be debuted via Magic Eden’s rewards program $ME holders have the ability to receive further rewards from staking, contribute to the $ME ecosystem, and have governance rights over key protocol development direction $ME Is Being Adopted by Magic Eden Magic Eden is the top consumer dApp in crypto for everyone. Magic Eden’s vision is to make digital ownership universal. It will do this by creating a trading platform for all assets across all chains. More information about Magic Eden's growth principles, MAGIC, can be found in their blog post here. With a philosophy towards building simple delightful experiences, Magic Eden aims to onboard new users onchain via a user friendly platform on both desktop and mobile to trade any digital asset (eg tokens, NFTs). They are: the #1 Bitcoin DEX representing 80%+ volume share for Ordinals and Runes the #1 NFT platform with the top share of revenue and users in the NFT ecosystem (60% share of revenue and 29% share of users) building a retail, mobile-friendly dApp to trade tokens and NFTs on all chains at anytime While $ME is an SPL token, it will also have broad appeal among users across Solana, EVM, and Bitcoin.
BTC-0.91%
BITCOIN+2.49%

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