TOKYO, Japan, August 28, 2024 —- Efficient instantly, PKT, the bandwidth-hard layer-1 proof-of-work blockchain has modified its ticker image from “PKT” to “PKTC” as traded on centralized exchanges. The undertaking will proceed to be acknowledged as PKT, in addition to PKT Traditional.
This alteration is geared toward clarifying the excellence between the unique proof-of-work model, now known as PKT Traditional, and the evolving PKT undertaking, which features a Stake-to-Earn improve following its transfer to Base blockchain on August 21, 2024. The PKT ticker will stay related to the PKT undertaking on the Base platform, highlighting its ongoing evolution and growth inside a extra sturdy ecosystem.
For PKT Traditional (PKTC), the brand new ticker is meant to create a transparent separation between the 2 branches of the undertaking. For neighborhood members, each present and potential, this differentiates the layer-1 blockchain know-how of PKT Traditional, which continues with its distinctive bandwidth-centric mining protocol, from the Stake-to-Earn options now out there on the Base blockchain. This know-how improve is designed to immediately incentivize neighborhood involvement in working and increasing PKT’s decentralized bodily infrastructure community (DePIN).
These holding PKTC foreign money earlier than the snapshot on block 2,639,299 are eligible to obtain a 2:3 airdrop of the new PKT tokens on the Base blockchain. This provides an immediate benefit and incentive for existing supporters to participate in scaling the PKT Network infrastructure.
This new approach represents an evolution to the PKT project development and community engagement. By maintaining the integrity of PKT Classic, while simultaneously embracing the advanced capabilities of the Base blockchain, such as Web3 wallets and DeFi, the PKT project can continue to innovate and adapt in the fast-evolving blockchain space.
The split into PKTC and PKT also addresses both the technological and operational advancements of the project. This enables users to choose their preferred pathway: continuing with the traditional mining-focused approach of PKT Classic, or engaging with the dynamic, Stake-to-Earn driven model of PKT on Base. This flexibility caters to the diverse needs and preferences within the PKT community. It ensures that the project remains relevant to a broad spectrum of users, from miners and holders, to those interested in the latest DeFi applications and infrastructure scaling.
For traders and investors, the ticker symbol change requires no action on their part. The update is automatic and has no impact on wallet holders. Trading will continue on centralized exchanges under the new PKTC symbol, ensuring a seamless transition.
As the PKT network continues to grow, the introduction of the PKTC ticker symbol is an important step to ensure that all stakeholders can distinguish their involvement in the future of the project.
About PKT
PKT is a decentralized media network ecosystem powered by the people. Built as a decentralized physical infrastructure project (DePIN), its technology stack supports the future of global content accessibility, digital distribution and the decentralized web. Network features include its decentralized media platform, censorship-resistant websites, open internet access, and permissionless, digital payment rails.
PKT is an extension of the open-source cjdns mesh networking protocol, which is the backbone of the PKT Network. Cjdns enables users to get onto the internet peer-to-peer, without requiring a traditional internet service provider (ISP). PKT’s Stake-to-Earn protocol on Base provides the economic incentive for people to scale the PKT Network worldwide.
Visit https://pkt.cash for more information about PKT on Base.