Propel मूल्य

Propel operates on a full-blockchain infrastructure and provides various services related to decentralized finance (DeFi), the metaverse, staking, and more. It offers solutions and ensures auditing compliance throughout the development process, from the initial stages to the final lines of code.

Propel is a blockchain infrastructure provider that aims to offer a comprehensive solution ecosystem for developers and companies in the blockchain industry. This platform allows developers to access a coding-free, fairly-priced, fully-automated, and highly secure infrastructure for building blockchain projects.

The project offers a one-stop tech stack that supports prominent blockchains such as Ethereum, Polkadot, BNB Chain, Solana, Polygon, and xDAI. Propel seeks to reduce repetitive work by providing this tech stack and simplifying the development process for blockchain, metaverse, and DeFi applications.

The native governance token of Propel is called $PEL, which operates as an ERC-20 token. It is the native token that provides various features, incentives, and utilities to users.

Here’s information on the various services offered by Propel:

Full Blockchain Infrastructure

Propel provides a full-stack blockchain infrastructure that enables developers and companies to build decentralized applications (dApps) and projects on multiple blockchains. The project offers infrastructure solutions that cater to different needs and use cases within the blockchain ecosystem.

DeFi as a Service (DaaS)

Propel offers DaaS, providing infrastructure and tools for decentralized finance applications. This includes smart contract development, liquidity provision, yield farming, and other DeFi-related functionalities.

Metaverse as a Service (MaaS)

Propel also offers Metaverse as a Service, providing infrastructure and support for metaverse projects. Propel's MaaS offering aims to simplify the development and deployment of metaverse applications.

Staking as a Service (SaaS)

Propel’s SaaS feature lets users stake their tokens and earn rewards. Propel offers staking infrastructure and tools for users to easily participate in the staking process.

Multi-chain Support

Propel's infrastructure solutions support various blockchains, allowing developers and projects to leverage the capabilities of different blockchain networks. This flexibility enables them to build applications that align with specific blockchain ecosystems or take advantage of cross-chain interoperability.

The Propel project was introduced in April 2021 as the industry’s first blockchain infrastructure solution provider. With rising interest in DeFi, metaverse, NFTs, and other sectors of the crypto industry, Propel offered a cost-effective way to build and deploy blockchain projects across multi-chain environments.

In November 2021, the PEL token was launched via IHO (Initial Hot Cross Offering) via the Hot Cross platform. The project’s developers introduced the DaaS, MaaS, and SaaS offerings in the same month, letting developers create DeFi, metaverse, and staking applications using its infrastructure.

The PEL token was listed on KuCoin in December 2021, a month after its launch. In February 2022, Propel integrated Chainlink VRF to power random lucky draw contests. The team unveiled a new website in April 2022.

In June 2022, HYVE announced it would start accepting $PEL as a payment option on its platform. According to the project’s roadmap, key focus areas for H2 2023 include improved UI/UX, automated fee structure, LP locking, the launch of $PEL staking with burn mechanism, Propel SDK, Propel Widget SDK, and more.