What is PTERIA and how does it work? Let us go through what makes this new blockchain-based project prosper within the crypto market.
PTERIA is an ERC20 token. It acts both as a utility token for third-party platforms and a governance token of the DAO. Thus, users can vote to guide the development of the DAO in the long-run.
PTERIA listed for the first time on decentralized exchanges (DEX) such as Uniswap and Balancer just a few months ago. Yet, it has already hit an ATH with massive gains. Currently, AEX and Bilaxy also support the token. In particular, PTERIA holders can trade these tokens with ETH and USDT.
Due to the Ethereum network congestion and high gas fees, PTERIA will also be added to the Binance Smart Chain (BSC) and PancakeSwap, The pair used will certainly be BNB/PTERIA. In addition, Pteria DAO will provide the initial liquidity.
In detail, the Pteria DAO was born as an independent entity. Through a voting process powered by smart contracts, PTERIA holders may decide on the projects — related to the gaming industry — and budget allocation.
Moreover, PTERIA token holders are required to vote at least once a month in order to receive their voting rewards. These rewards can be in the form of PTERIA, ETH, and other ERC-20 tokens derived from the activities of third-party projects.
On the other hand, Pteria DAO also completed a token burn that eliminated 12.25 million of the total supply of PTERIA tokens. With 7.2 million PTERIA in total supply, 27.5% of this is destined to be burned by third-party projects supported by Pteria Dao.
Another interesting part of the Pteria DAO is the staking. Generally, those who vote in the DAO can receive monthly rewards and annual interests.
There are specifically three tiers of staking for PTERIA holders:
- Firstly, you can stake a maximum of 999 PTERIA to earn monthly rewards.
- Secondly, you can stake 1,000 PTERIA and more to earn monthly rewards and have the ability to make proposals to the DAO.
- Thirdly, you can stake 1,000 PTERIA and more to earn 24% annual interest with a quarterly release, get monthly rewards, and have the ability to make proposals to the DAO.
After a period of testing, the team has recently announced that its staking program for PTERIA tokens has now begun. At the moment, there are roughly 1.4 million PTERIA in staking.
By and large, staking provides users the ability to generate rewards through their PTERIA holdings and will drastically reduce the circulating supply, causing an increase in the token’s value.
Non-Fungible Tokens (NFTs)
The Pteria DAO gives priority to external projects focused on gaming. To start, Wallem is the first project that has integrated PTERIA as its official gaming currency.
It is an innovative mobile gaming project promoted by the popular YouTuber Pewdiepie. Accordingly, Wallem allows users to join augmented reality (AR) powered events from Amazon, Fortnite, Sony Playstation 5, Blizzard, and other partners.
To begin with, Pteria DAO donated 600,000 Pteria tokens to Wallem to function as a collectible token spread out across the in-game GPS-based map. Thus, Wallem users are able to catch the tokens in AR and spend them on in-game items such as character skins.
Moreover, Pteria DAO has issued non-fungible tokens (NFTs) on behalf of the Wallem app. The Pug Dog and The Pewdiepie NFT series’ are highly limited. They also offer good value for investors who seek to earn passive income.
Notably, Pterida DAO mints NFTs as limited edition collectibles. Each NFT correlates with a particular item or skin that exists in a DAO-partnered project. In line with this, a designated smart contract receives the NFT earnings. Later on, various NFT holders get equally distributed profits for that series.
In summary, the Pteria DAO is a promising decentralized project. It rewards interesting and deserving projects as well as its loyal holders. By giving them Pteria tokens to implement on their platform, they encourage the use of blockchain in the gaming sector.
In this context, the NFT industry is also booming today. Those projects who consider integrating NFT tokens can benefit from the Pteria DAO. To illustrate, the existing NFT series already earned over 7,000 Pteria tokens (~$293,160).