PAW Discord admin Ryboshi Nakamura, in the last seven days PAW token noticed a massive 40% growth demonstrated by PawSwap decentralized exchange is expected to launch in late 2023-early 2014 with various modifications integrated on it, including BNB Chain, Shibarium, and Ethereum.
PAW Price Rises On A Weekly Basis
According to CoinMarketCap AltcoinsAt the time of this writing, it is trading at $0.00000001976, up about 33% weekly. Nakamura believes that this huge price increase is mainly due to the staking mechanism of PAW tokens launched at the end of April. At that time, on May 1, over 200 trillion PAWs were locked into the staking contract in just 24 hours. These tokens have been staked for 13 weeks. According to Nakamura’s tweet, about 20% of the entire PAW supply is now staked. Staking temporarily removes coins from circulation, increasing their scarcity. Nakamura tweeted “to the moooon” as he apparently expects the price to rise even higher in the near future. threw.
I just don’t get tired of watching charts today.#PawSwap up 40% over the past week.
Add the staking mechanism (20% in case you’re wondering 👀) and $Paw just keeps delivering great numbers.
NEWS CONTINUES BELOWTo the moooon 🚀🚀🚀https://t.co/TOzE79Ujw9 pic.twitter.com/D4ncO0Eqv1
— Ryboshi Nakamura (@RyboshiNakamura) May 29, 2023
NEWS CONTINUES BELOW
PAW Developers Working on Pawallet
The Paw Chain development team started working on a Tier 2 wallet called Pawallet. According to their description, the wallet is crypto- It will allow them to hold, buy and sell, and engage in off-chain peer-to-peer interactions. There is also a wide variety of features to be made available in the wallet. However, the team did not reveal any details about it. The announcement regarding the construction of Pawallet comes just after the SHIB meme coin team spread the news that they have started working on their own customized cold wallet in collaboration with wallet manufacturer Tangem.