PAL Network Mainnet Launch and Token Swap On KuCoin Exchange
- cassie gamz
- Dec 28, 2018
- 2 min read
PAL Network Mainnet Launch
PAL Network have announced the release of the Mainnet for December 31st 2018. This marks the occasion where PAL Network will move from the Ethereum blockchain. According to the roadmap, PAL Network will follow this release with a token swap, after exchange integration tests have taken place. Further along their timeline, new products have been planned for release to utilize the new tokens.
PAL Network Mainnet Token Swap on KuCoin Exchange
KuCoin will be supporting the PAL Network token swap following the release of the Mainnet. The swap involves the move from the Ethereum-based blockchain to PAL Network’s Mainnet. Therefore the PAL tokens will swap from the ERC-20 token to native PAL token.
Distribution will be handled by exchanges that support the token swap such as KuCoin. This means users currently holding PAL tokens need only to ensure tokens are held in these exchanges. Alternatively, users can manually swap their tokens by using the PAL token swap tool, which will be made available from January 14th 2019. An official PAL wallet will also be released to support the new token.
PAL Network Important Links
PAL Network (PAL) Official Website
PAL Network (PAL) Whitepaper
PAL Network Telegram Community
PAL Network Summary
Pal Network is targeting emerging markets, where digital insurance is not very widespread. The company would store most of the information on the blockchain and automate the claims processes via the deployment of smart contracts. In terms of the team, the CEO has participated in Forbes’ “30 under 30” ranking.
She’s coming from a Finance background, having worked for multiple large organisation, as well as starting her own company, prior to launching PAL Network. The rest of the team members are not as credible as the CEO, but when coupled together, they do form a strong team. The advisors are all “big names”, with dozens of years of experience, but only 1 of them has shown participation in the project.
The company has been registered in Singapore and is backed by 10 VCs, with 7 partnerships already established. Overall, the company is filling a gap in the crypto market, which currently lacks digital insurances.
Details: http://bit.do/eEdHg
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