Obeah Bridge, a decentralized application bridge between Binance (BNB/USD) Smart Chain and PKT ecosystems also known as ODApp, announced that public trading of wPKT is live on PancakeSwap, Invezz learned from a press release. ODApp converts PKT Cash into the new Binance Smart Chain BEP20 cryptocurrency token wPKT on a 1:1 basis. The listing on the popular exchange reflects growing interest in the PKT project, which will allow people all over the world to monetize their home or office internet bandwidth.
Soon moving to ETH, MATIC, SOL ecosystems
The wrapped version of PTK Cash gives the underlying ecosystem access to DeFi on Binance Smart Chain. The bridge will also develop the ability to swap wPKT on Ethereum (ETH/USD), Polygon (MATIC/USD), and Solana (SOL/USD). All of these networks share a vision for decentralized infrastructure. Vishnu Seesahai, co-founder of ODApp, commented:
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“If you look at how the PKT community has grown over the past 24 months, it’s no surprise that it’s ramping up as a serious layer 1 blockchain protocol. Now that PKT can be swapped for a BEP20 or ERC20 token, it introduces PKT to the largest and most mature cryptocurrency communities in the world, and provides access to yield farming, lending and staking in the DeFi space.”
This launch is the first DEX listing for the PKT Cash cryptocurrency. The goal of the project is to build a global decentralized ISP powered by a community of users with an economic incentive to support the network. Eventually, this user-powered infrastructure will give people internet access without paying a traditional ISP.
Decentralized, high-speed data network
PKT is a decentralized high-speed data network that allows all users to monetize their unused internet bandwidth. More specifically, those connecting to their network are paid in PKT Cash every minute. PKT has no pre-mine, no investors, and no company. However, it is estimated that 200,000 CPU cores provide mining infrastructure for PKT around the world.
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