What is Pontem Network? In-depth Analysis of Pontem Network & PONT

I. What is Pontem Network?

Pontem Network is a permissionless blockchain network Move Virtual Machine (VM) developed for the Facebook-backed Blockchain Diem. This is an open version of the private Diem blockchain built to make the new Move language more accessible to developers.

Pontem Network is a test network for Blockchain Diem that maintains compatibility so that developers can build and test applications in the ‘canary network’ before launching applications on the licensed Diem Blockchain.

Through Pontem, users can build and test applications on Polkadot and other popular blockchains, before migrating their products to the Diem Blockchain.

II. History of Pontem Network


III. Striking Features of Pontem Network

The Pontem ecosystem is fully compatible with Diem and will help developers build and test new solutions before submitting them to the official Diem ecosystem. The sandbox environment is important when pursuing innovative ideas.

  • Sanbox chi Diem: Pontem allows you to validate ideas before moving to Diem Blockchain
  • Multi-chain liquidity: Pontem uses existing bridges to connect liquidity and data from other permissionless networks to the permissioned Diem Blockchain.
  • Development Framework: Focus on user experience. Pontem integrates with a range of developer tools and pre-built smart contract modules so teams can focus on their product, not the blockchain infrastructure.
  • Diem Compatible: Pontem Network is the easiest way to build apps for Diem. Fast replay on a permissionless, incentivized network that can interact with the Diem Blockchain.

IV. Products of Pontem Network

Pontem Network’s products include:

  • Liquidswap DEX: The first AMM for Aptos – the most efficient and reliable L1 built with the Move VM in mind.

  • Move code playround: Move Code Playground is an online code editor for Move, a blockchain programming language designed by Meta for Diem. Build, test, run Move package on Move blockchain compatible as Aptos with just one web browser.

  • Move Intellij IDE: You’ve built projects in Intellij IDE like PyCharm or Clion. Now you can add Move to your stack – the secure smart contract language designed by Meta.
  • Pontem Aptos Wallet: A wallet that helps send and receive tokens, connect to dApps, and explore the most secure and scalable blockchain features.

V. What is PONT Token?

1. Detailed Information about PONT Token

Key Metrics Pontem Network

  • Token Name: Pontem Network
  • Ticker: PONT
  • Blockchain: Aptos
  • Token Standard: Updating…
  • Contract: Updating…
  • Token type: Governance
  • Total Supply: Updating…
  • Circulating Supply: Updating…

2. PONT Token Allocation

  • Advisors – 5.5%
  • Team – 14%
  • Liquidity rewards – 9%
  • Network Incentives – 19%
  • Seeds – 7%
  • Private – 17%
  • Market Maker – 3%
  • Pontem Labs– 24%
  • Public sale (optional) – 1.5%

3. PONT Token Noticeable Milestones


4. Use Cases of PONT Token

  • Pay gas fees for Move VM and validate transactions.
  • As a reward for participants in the crowdfunding auction on Polkadot / Kusama.
  • Fixed (collator/nominee) and governance (rewards voter and collaborator/nominee for participating in governance).

VI. How to earn & own PONT Token?


VII. Which Crypto Wallets are suitable for PONT Token?


VIII. PONT Token Recent Developments

Q4 2021 (Diem ready for launch)

  • Phase 1: Incentivized Testnet – Diem’s Canary

Q1 2022: Only for Diem Pilot members

  • Phase 2: Decentralized Mainnet – Decentralized Mainnet with VASP (Virtual Asset Service Provider) certificate

Q2 2022: Diem begins to expand cooperation with 3rd parties

  • Phase 3: Diem Interoperability – Launch of Diem Blockchain-compatible services licensed for VASPs.

IX. Teams, Funds & Partners of PONT Token

1. Team

  • Boris Povod (Co-Founder) – Developed the first DPOS DApp blockchain called Crypti in 2014, which serves as the code base for Lisk and Ark. Developed WINGS DAO 2016.
  • Stas Oskin (Co-Founder) – Helped Spondoolies launch B2C miner in 2013. Was part of the Crypti team in 2014. Helped with WINGS concept in 2016.
  • Sebastian Stupurac (Advisor) – Helped Crypti become the 2nd DPOS protocol ever in 2014. Was a core creator of WINGS DAO in 2016. Helped launch Beam MW in 2018.
  • Arman Manukyan (Advisor) – Ideation and seed funding of the Crypti fund in 2014. Became WINGS token holder and biggest backer in 2016.

2. Investment Funds & Partners

In June 2021, Pontem raised a $4.5 million round led by Mechanism Capital and Kenetic Capital with other funds and established crypto projects including over 30 investors Alameda Ventures, Delphi Ventures, Animoca Brands, NGC Ventures, Morningstar Ventures, Genesis Block Ventures, Spartan Capital, Altonomy, Avalanche, CMS Holdings, Momentum 6, Taureon, AU21 Capital, GIBC and others.

X. Where can PONT Token information be updated?

Currently, Crypto users can fully consult, research, and analyze information about PONT Token through famous media newspapers such as Nasdaq, Bloomberg, Forbes, AP News, Yahoo!Finance, CoinTelegraph, Coindesk, etc.

These media are constantly updated with useful information, new activities, outstanding events of PONT Token and all the topics surrounding it. Accordingly, Meta Lion Ventures continuously updates the topic of outstanding projects in Blockchain and hot events organized between Meta Lion & partners.

XI. FAQs about Pontem Network


As such, Pontem Network is building foundational dApps and infrastructure for Aptos blockchain including development tools, EVM, AMM… with Move to serve billions of potential users in the future. With the partnership and enthusiastic support from Aptos, it is expected that Pontem Network will be one of the important projects in this ecosystem. This is a bold project in that it not only creates a test platform for Diem, possibly the largest and most accepted blockchain project in the world, but it also serves as a positive proof-of-concept for developers. new protocols and communities.

The above is Meta Lion’s comment on the Pontem Network project which is our personal opinion, this is not investment advice at all. Investors should be responsible for their own decisions. 


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