Valkyrie Token Launch on Pylon Gateway

Valkyrie Protocol is teaming up with the Pylon team to launch the Valkyrie Token ($VKR) on Pylon Gateway on October 7, 2021 (exact time TBA).

Valkyrie Token ($VKR) is the protocol’s native governance token, designed to linearly capture a portion of the protocol’s fees and provide additional incentives for both campaigner creators and participants. In addition to granting holders governance rights, $VKR is uniquely utilized in the protocol: campaign creators are required to pay an upfront fee in the form of $VKR upon the instantiation of a campaign, and users receive $VKR rewards for participation.

Valkyrie will be launching the $VKR token on Pylon Gateway on October 7, 2021, providing those who want to acquire $VKR tokens two avenues: Pylon Swap and Pylon Pools. The exact time of the launch will be announced closer to the date.

About Valkyrie Protocol

Valkyrie Protocol is a dApp activation protocol built on the Terra blockchain, creating a superior paradigm for social referrals to flourish on-chain. By aligning incentives between projects and users and making it simple to ensure that projects go viral, Valkyrie aims to capture the imagination of the masses and onboard the next million users to DeFi.

About Pylon

Pylon Protocol consists of a suite of savings and payments products in Decentralized Finance (DeFi) that builds on stable yield-bearing protocols including Anchor Protocol to provide services powered by user deposits. Pylon enables sustainable exchanges between long-term value providers and their consumers through customizable deposit contracts and Anchor yield redirection.

📰 INFO

https://medium.com/@valkyrie-protocol/valkyrie-token-vkr-to-launch-on-pylon-gateway-863639b7fef4