pNetwork official announcements channel

⚠️ Important Announcement: Transition of ERC-20 UOS tokens to the Ultra team pNetwork and Ultra have reached an agreement to transfer the UOS collateral, of the pUOS in circulation, to the Ultra team, the native token issuer. The collateral will be sent to Ultra’s public ERC-20 address: 0x60e9bd9c5de4267059f4bf6eb562a0ec14d64653 as specified in Ultra’s official announcement: https://ultra.io/articles/246/ultra-evm-is-coming-and-important-bridge-update- Additionally, Ultra will assume ownership of the pUOS pTokens on Ultra chain, becoming the owner of the uos1ptokens1 token contract. 📅 This operation is planned for Friday, 29th November. From this date, the pNetwork bridge will no longer process any UOS transactions. Users will need to contact the Ultra team directly for further instructions. Thank you for your understanding as we complete this transition.

The pNetwork Community Association hosted their last pNetwork Unchained Community Call!🎙 The event celebrated the launch of pNetwork v4, highlighted its features, marking a pivotal point for pNetwork 🚀 Check it out: https://x.com/pNetworkDeFi/status/1861711659934326936

⚠️ Final Reminder: pNetwork v2 is reaching its end of life and will be sunsetted at the end of this month. ⌛️ Redeem your pTokens NOW. Don’t wait until it’s too late!

The pNetwork Unchained - 5th Community Call is starting now! 📍 Join us here: https://meet.google.com/frk-rsih-ypy Let’s celebrate pNetwork v4 and shape the future together!

⚠️ Important Announcement: Transition of TLOS tokens to the Telos Foundation As pNetwork discontinues support for Telos, a significant outflow of TLOS liquidity has already occurred over the past months. However, a considerable amount of TLOS tokens remains safeguarded by pNetwork. To simplify the process for users, pNetwork and the Telos Foundation have agreed that the remaining TLOS collateral will be transferred to the Telos Foundation, the native token issuer. Receiving Telos Account: ptlosmigrate From the total collateral, pNetwork will retain the standard protocol peg-out fee (0.25%), as entitled to the pNetwork Node Operators. From that moment, the Telos Foundation will safeguard and manage the funds for users who have not yet redeemed their tokens. Additionally, the Telos Foundation will assume ownership of the pTLOS pTokens on Ethereum and BNB Chain, becoming the admin of the proxy contract. Foundation's Ethereum Address: eth:0xc21d662b431333fE4c8224A25Ffd7799bef12A39 Foundation's BSC Address: bsc:0xc21d662b431333fE4c8224A25Ffd7799bef12A39 This operation is planned for Wednesday 27th November. On this date, the pNetwork bridge will no longer process any Telos transactions, and users will need to contact the Telos Foundation directly for further instructions. Thank you for your understanding as we complete this transition.

🎉 Today’s the day! The pNetwork Unchained Community Call is happening at 18:30 CET. Don’t miss the chance to celebrate pNetwork v4, explore its future, and connect with the community. 👉 Register now: https://lu.ma/5jm1z2do

🚀 Release of pNetwork v4: Build your own bridge, on the new open, modular, and decentralized infrastructure We are excited to share that pNetwork v4 is finally completed! This long-awaited upgrade transforms pNetwork into a bridge enabler, designed to empower token issuers to build and manage their own bridges with complete autonomy. Say goodbye to dependencies, lock-ins, and centralized control. With pNetwork v4, projects can expand their tokens across blockchains while maintaining full control and security. 👉 Read the full announcement here: https://x.com/pNetworkDeFi/status/1861095429191921767

As part of our transition to pNetwork v4, support for pWOMBAT on EOS will be discontinued due to minimal adoption. ⚠️ Users are urged to redeem their $WOMBAT and all other tokens via the pNetwork dApp before 30 November to ensure a smooth process. Updated list of tokens no longer supported:

Get ready for the 5th Community Call! 📞 We’ll talk about how v4 nodes and the Security Council strengthen pNetwork and how YOU can be part of the ecosystem’s growth. 🗓 26 November 2024, 18:30 CET 📋 Sign up here: https://lu.ma/5jm1z2do

☑️ All Pending Tickets Solved Hello everyone, We’re happy to announce that all pending tickets regarding pegouts have been resolved! While you might not have received a confirmation via the ticket system, you can verify by checking your balance on the destination chain. If you encounter any further issues, you can open a new ticket here: https://support.p.network/. Please remember to include the transaction hash, as tickets without this information cannot be processed. ⚠️ Reminder: If you hold any dismissed tokens, complete your redemption via the pNetwork dApp as soon as possible. Time is running out, so act now to ensure a smooth process!

📢 Join us for the pNetwork Unchained - 5th Community Call 📞 🗓 26 November 2024 🕡 18:30 CET 📍 Google Meet We’ll discuss about the launch of pNetwork v4 and much more. The complete agenda will be announced in the coming days. 👉 Register here: https://lu.ma/5jm1z2do Don’t miss it!

🟢 Pegouts resumed for some of the dismissed pTokens Good news! Pegouts that were temporarily halted for some pTokens are now operative again. If you hold any of the dismissed pTokens, we urge you to redeem your tokens as soon as possible using the pNetwork dApp. 📋 Here is the list of pTokens dismissed. ⚠️ Please note: Some bridges may still experience slowdowns. If your transaction doesn’t go through as expected, you can open a ticket here. Be sure to include the transaction hash for faster assistance. Thank you for your patience and prompt action.

✋ Contribute to the pNetwork’s Treasury to support future development efforts pNetwork is a community-driven project supported by the DAO. However, as of today, the DAO Treasury is empty, and minting additional PNT tokens is not a viable option. Once again, we call on the community to step forward with ideas and proposals to help replenish the DAO Treasury, ensuring that pNetwork development and the growth of pNetwork v4 can continue. One way to contribute directly is through the White Knight initiative, which is still active. Community members can participate by purchasing PNT via OTC trade. Given the past weeks' market price, the rate has been reduced to $0.006 per PNT. To get involved, please reach out in the community channels or visit the forum post for details. If sustainability cannot be achieved, the development carried on by the current team will unfortunately need to pause by the end of November. This date also coincides with the deadline for the redeem period of the dismissed pTokens. More details on the redeem period can be found here. This is a pivotal moment for pNetwork. Community support is critical to shaping the project’s future. Let’s come together to ensure a path forward.

♟Propose Yourself as a Security Council Member! The pNetwork Security Council (SC) is a key governance body for pNetwork v4, ensuring the decentralized and smooth operation of the protocol. The SC plays a crucial role in: 1) Monitoring nodes to verify activity and functionality. 2) Managing fee distribution to nodes at the end of each epoch. Why Join the Security Council? - Be part of a core working group in pNetwork v4. - Contribute to maintaining the network’s integrity and fairness. - Earn organic rewards from protocol fees for your efforts. What’s the Effort? Initial setup may require some coordination and calls to establish processes. Ongoing tasks are expected to take around 30 minutes per month, including signing multisig transactions and following defined procedures. If you’re interested, introduce yourself to the community in the forum! Share your experience, qualifications, and why you’d like to be part of the Security Council. This will help the community get to know you and guide their vote. More info in the WIKI.

🚨 Important Announcement: Dismiss of selected pTokens As we continue our transition to pNetwork v4, we will be discontinuing support for the following pTokens due to minimal adoption or integration challenges. Holders of these pTokens are urged to redeem (peg out) their native tokens as soon as possible using the pNetwork dApp. pTokens to Be Discontinued: - BTC on Ethereum, BNB Chain, EOS, Algorand - PNT on Polygon, Gnosis Chain - USDC on Algorand - USDT on Algorand - WSB on Ethereum - LTC on Ethereum, EOS - BIST on BNB Chain ⚠️ Important: The redemption phase will be available until at least the 30th of November. Please act quickly to ensure a smooth transition of your assets. For any questions or support, please reach out to the official pNetwork community channels. Thank you for your understanding and collaboration.

📢 Important Update: EOS cross-chain transaction paused until v4 launch Hello pNetwork Community, We want to inform you of an important update regarding EOS cross-chain transactions on pNetwork. Following the recent EOS hard fork with the new Savanna Consensus upgrade (EOS Hard Fork Announcement), pNetwork v2 has encountered unforeseen challenges processing cross-chain transactions involving EOS. This affects EOS transactions to and from other blockchains in the pNetwork ecosystem. In the past weeks the team has worked to address these issues, even in collaboration with the EOS Network Foundation. However, the complexities of the upgrade have presented challenges that are more significant than initially anticipated. As we prepare for the imminent release of pNetwork v4 on EOS, we've decided to prioritize the v4 launch rather than continuing to troubleshoot pNetwork v2 for EOS. Effective immediately, support for EOS cross-chain transactions will be paused until the release of pNetwork v4 on EOS. We apologize for any inconvenience this may cause and appreciate your understanding as we work toward a more robust, future-proof interoperability solution. Stay tuned for updates on the pNetwork v4 launch!

🗞 The October Update is here! Our 7th monthly recap is packed with key updates, a macro outlook (🐂ish) and the latest from pNetwork Unchained. Read it and learn new details on Security Council & v4 Nodes 👇 https://x.com/pNetworkDeFi/status/1848301204045984109

The 4th pNetwork Community Call – pNetwork Unchained took place yesterday, covering key updates and next steps for the protocol. We provided the latest updates on pNetwork v4, including its current status, supported chains, and how it will operate as a decentralized, self-sustaining protocol. We also introduced the Security Council and v4 Nodes, both essential for securing and governing the network. These components are community-driven, and we encourage everyone to participate. Explore the full details in the pitch deck here: pNetwork Unchained - 4th CC Step-by-step guides for registering a v4 Node and becoming a Security Council member have been released in the pNetwork WIKI. Feel free to reach out for follow-up questions. Join the ongoing conversation about the Security Council and v4 nodes in the forum. Thank you to everyone who participated in the Community Call!

Today is the day! Join us for the 4th pNetwork Unchained Community Call! 📞 Save the event in your calendar - see you later! 🦜

📢 Join the 4th pNetwork Community Call - pNetwork Unchained! 🔗 🗓 Date: Wednesday, 9 October 🕘 Time: 21:00 CEST 📍 Where: Google Meet - https://meet.google.com/fsq-ubxn-smi This is your chance to get up to speed on the latest developments and participate in shaping the future of pNetwork! Here’s what we’ll cover: 1) pNetwork v4 and Community Participation: We will introduce and discuss the Security Council and v4 nodes. Community members are invited to carefully read the forum thread to prepare questions and consider candidating for these roles. 2) pNetwork v4 Updates: Insight into the latest updates and supported chains at launch. 3) ENF Grant: We’ll explore pNetwork’s role within the EOS ecosystem and discuss the impact of the ENF grant. 4) Future Plans: Open discussion on the next steps for pNetwork. 📅 Make sure to download the event calendar and add it to your schedule! (ICS file attached) Join the conversation and be part of the future of pNetwork! 🤝