Last updated
ALICE V1 test network - Completed ✅
ALICE V2 test network - Completed ✅
Launch of the Pion Network mainnet - Completed ✅
PION listing on DEX - Completed ✅
Launch of the Muon Network mainnet - Coming Soon 🟡
$PION forms the Muon network’s backbone and has been designed to incentivize network participants in the most efficient way and maximize network value, with regards to tech development, marketing/community and network incentives.
There are three major utilities for $PION:
Node Operations (Buy $PION to run a node and help secure the network)
Network Fees ($PION as a Gas Token)
Governance
Muon is powered and secured by a network of nodes which sign and verify responses to the requested data. To protect the network against any potential fraudulent activity, these nodes are required to stake a certain amount of $PION as collateral. When the network becomes public, node operators will be eligible for network rewards in $PION as incentive for their services in keeping the network secure and decentralized.
$PION serves the same purpose as any gas token. Users of PION network pay a fee that is used to pay node operators in order to incentivize their continued verification of the data on the network.
Part of the future will be the Muon DAO. This governance structure will see a decentralized initiative towards decision making around the direction of Muon elements. $PION holders who wish to have greater say in the project will be able to contribute to the DAO.
In a departure from traditional token launches, the entire supply of PION tokens will be locked at launch. The only liquid supply of PION will come directly from the MUON team, who will be responsible for supplying tokens.
As mention in PION tokenomics, users must run nodes to earn tokens. To do so, a user must acquire PION tokens and lock them as a bonPION NFT which is not liquid. They can do this either by purchasing PION from the market or through the node-drop.
As the entire token supply is locked at launch and the only liquid tokens come from the MUON team, a limited and controlled supply of PION tokens will be available for trading. As a result, the demand for PION tokens is expected to exceed the available supply, increasing the token's value.
Moreover, since users must hold PION tokens to operate nodes, there will be a strong incentive to accumulate and hold the tokens. This should further contribute to positive price action and long-term growth.
With this structure, the PION token launch encourages users to become active participants in the network rather than simply buy and sell tokens for short-term gains. This strategy not only results in a positive price action but fosters a robust and decentralized ecosystem with numerous nodes contributing to the stability and security of the network.
