Easy Entry & Exit to PegNet – David A. Johnston

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The pieces are coming together to make entering and exiting the PegNet seamless to the end user.

The Problem

In the PegNet wallets and other interfaces users expect to be able to convert pUSD into PEG like they can into any pAsset. As they may not have read the details about PegNet and don’t understand about the limitation of the 5,000 PEG conversion per block in PegNet 1.0

The Solution

As a solution simply set up a trading function in PegNet wallets for selling pUSD for PEG via an exchange API. That way the user can easily move from pUSD to PEG, using a trade via an exchange API vs. an internal PegNet conversion.

The first upside is that PEG demand increases every time there is a pUSD to PEG exchange. Secondly, the user gets liquidity, though with some more cost (exchange fee + slippage) than a normal PegNet conversion. With one more exchange API call a user could trade PEG for ETH and be back in the crypto asset they entered the network with.

To enable this Pegnet wallet interfaces could add ETH + BCH deposits and withdrawals as that will offer an on ramp and off ramp for users to enter and exit the pAsset network.

This Completes The Great Entry & Exit Cycle:

If pUSD is over $1.00 then:
1: Trade ETH for PEG.
2. Burn PEG into pAssets.
3. Convert freely between any pAsset to any pAsset.
4. Trade pUSD for PEG
5. Trade PEG for ETH

If pUSD is under $1.00 then:
1. Trade ETH for cheap pUSD.
2. Convert pUSD into any pAsset.
3. Convert freely between any pAsset to any pAsset.
4. Trade pUSD for PEG
5. Trade PEG for ETH

Easy entry. Easy exit.

On & off ramps + PegNet conversion powers + external trading pairs

Wallet Logic, Over User Confusion

Ideally the PegNet wallets will handle the logic for the user. When using the wallet to convert crypto such as ETH into pAssets the following IF / THEN function will save the user a lot of friction and optimize their value entering the PegNet.

1. If the price of pUSD is over $1.00, then the wallet triggers a trade of ETH into PEG and burns the PEG into the desired pAsset.

2. If the price of pUSD is under $1.00, then wallet triggers a trade of ETH into pUSD and burns the pUSD into the desired pAsset.

Nothing for the user to learn.

Its handled automatically in the most favorable way for the user and will help with the balancing of pUSD prices as a nice side effect.

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

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