PegNet is a decentralized, non-custodial network of tokens pegged (stabilized) to different currencies and assets that allows for trading and conversion of value without the need for counterparties. Built on the Factom Protocol, it is a fully auditable, open source stable coin network using the competition of PoW and external oracles to converge on the prices of currencies and assets. The proposed initial currencies and other assets are:
Do you have other suggestions? Join us on the PegNet Discord and share your thoughts.
*UPDATE* — PNT has undergone a ticker change to PEG.