Token Utility and Staking Mechanism

Staking PEN Tokens:

Users can stake PEN tokens to earn rewards from various partner projects. The allocation of staking rewards is determined by the distribution of tokens from each project.

Solpen Launchpad Access:

PEN token staking will be required for participation in future Solpen Launchpad events, where new DePIN and IoT projects can be launched.

Voting for Token Listings:

PEN token holders will have the right to vote for projects to be listed on the Solpen DePIN platform and included in future airdrop events.

Payment for Solpen Marketplace:

PEN tokens will be used as the primary currency on Solpen’s marketplace, where users can purchase DePIN devices at discounted rates.

Increased Demand for PEN Tokens:

As users engage with Solpen devices, more tokens will be burned in the process, helping to reduce the circulating supply and potentially increasing the token’s value.