What is PearDAO (PEX)

PearDAO or PEX (PEX/USDT – Trade it here) is a decentralized online marketplace. Their goal is to provide an open, free, decentralized marketplace that facilitates the exchange of goods and value using a decentralized payment system (cryptocurrencies), a decentralized marketplace (PEAR network) and a decentralized Moderator (PEAR DAO).

PearDAO (PEX) robot logo

How Does PearDAO Works?

We make a perfect Pear! Has a nice ring to it right? I love it too. So how does PearDAO works? For your information, (DAO) stands for Decentralized Autonomous Organization. It is a new type of legal structure with no central governing body and members who share the same purpose of acting in the best interests of the company. DAOs, which have gained popularity due to cryptocurrency fans and blockchain technology, are used to make choices in a bottoms-up management method.

PEX provides users with an on-chain escrow based on self-custody smart contract, or higher security so to speak. It is built on decentralized protocol with DAO governance, no centralized party involved. Additionally, all transactions are made to be seamless and instant in they web 3.0 environment. It also acts as a decentralized bridge for on chain and off chain ecosystem exchange.

What Makes PEX Different?

Much like what we are witnessing in centralized ecommerce marketplaces, Peardao (PEX) seeks to complement the CEX and DEX-driven cryptocurrency environment. This is done by facilitating he exchange of value across on-chain, off-chain, and cross-chain ecosystems. Transactions on the Pear marketplace are carried out using smart contract(s), which are aided by encrypted chat capabilities. Everyone has access to their credit history, and arbitration is handled through a decentralized dispute management system.

Currently, PEX is aiming to be the world’s premier open marketplace. Hopefully, the marketplace will support any sort of business transaction, payment method, and chain. With a bit of fuel and support, PEX foresee that they could a part of the Web3 ecosystem’s infrastructure.

Benefits of Holding PEX Token

All form of governance towards PearDAO is done with PEX tokens. PEX token holders are able to use polling and voting procedures to create rules and make changes to the Pear decentralized marketplace. Furthermore, the amount of PEX tokens in your wallet or staked determine your voting power towards the platform’s future development. In terms of utility, PEX token is used to pay for dispute handling services. You can also stake it for higher trade limit or become a dispute handling node and earn dispute handling fees.

How to buy PEX token?

You can buy PEX on MEXC following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “PEX” using the search bar to see the available trading pairs. Take PEX/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of PEX you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy PEX] to confirm your order. You will find the purchased tokens in your Spot Wallet.

Not Sure Where to Look For More Unique Tokens?

Thankfully, we is here to assist your daily struggles. MEXC lists moonshot and provides access to trade major crypto tokens like this project. Pay close attention to our listings in Innovation and Assessment zones, as well as major tokens in the Main Zone – we have more innovative projects to come! Also, visit the Hot Projects section to find more listed trending tokens. If you would like to know more about crypto trading itself visit MEXC Academy.

Share your love to MEXC Global
Default image
MEXC Blog
We are your first stop for high quality projects - Buy, Sell & Trade Cryptocurrencies, NFTs, Margin, ETF, Futures, DeFi!
Articles: 633