August 22nd, 2023 at 10:02 pm UTC · 3 min read
The crypto community always has something to discuss. PayPal’s PYUSD is yet to please the public, and counterfeit tokens flood the market.
Fortunately, Pomerdoge (POMD) promises transparency and security through its P2E gaming platform.
Interesting reactions followed PayPal’s announcement of its stablecoin. PYUSD is built on the Ethereum blockchain, and pegged to the US dollar. The crypto community had many questions about PYUSD’s status and regulatory obligations. After all, the ‘asset protection’ role gives PayPal the right to freeze user balances.
However, Ripple’s CTO, David Schwartz, clarified the matter in his tweet on 07th August. He said the centralized aspect of PYUSD relates to the legal obligation that PayPal has in exchange for US dollars. He added that it was to prevent innocent users from receiving tokens, which PayPal is not obliged to convert.
While this sounds like a positive development, PYUSD is still under uncertainty. It comes under the new program introduced by the US Federal Reserve. Banks are trying to figure out if, and how, they can process PYUSD transactions. David Schwartz made a cryptic comment about this.
On 11th August, a Twitter (X) user said they thought PayPal had the necessary connections to take care of all issues. Schwartz remarked, ‘So did they.’ It implies the payment giant may not have considered the extent of the Fed’s involvement.
In other news, the DeFi monitoring app, DexTools, recognized over 60 token pairs with counterfeit PYUSD. Scammers are already taking advantage of innocent traders. Crypto fans blame PayPal for not providing an official token address with PYUSD’s launch. With so much going on, can PYUSD make it big anytime soon?
Pomerdoge is the newest P2E game in the crypto market. The platform will allow users from around the globe to initiate transactions through the network. It has POMD as the native token, and in-game currency. Users with Pomerdoge tokens can earn a percentage of the platform’s revenue.
Pomerdoge Twitter post (August 17, 2023):
Amazing! We have now raised over $1,000,000 in exactly three weeks. We are thrilled at the community we have, everyone says they have the best but we truly believe we are up there!
Now onto the next milestones, we have almost 1,500 holders now.
We really want to become the… pic.twitter.com/CaIt64n0DN
— Pomerdoge (@pomerdoge) August 17, 2023
Furthermore, the Pomerdoge ecosystem will boast of Pomergame, Pomerplace, and NFTs. It will release a unique collection of 7,777 NFTs at just 0.2ETH each. However, only users with POMD tokens will have access to the NFTs. Hence, investors are buying the POMD tokens in large numbers during the presale.
Unsurprisingly, the price of the Pomerdoge token has begun to move upward. Though POMD is priced at only $0.008, analysts say it will grow by 4,000% in the coming days. Pomerdoge is a great choice for investors wanting more profits from smaller investments.
Gamers can earn exciting rewards from Pomerdoge. For example, each player can create and customize their avatar. Additionally, players with gold status can sell skins and items to earn POMD.
Statistics show that more than 3 billion people spend time on online gaming. So, why not generate handsome earnings when enjoying a game? After all, Pomerdoge offers the best of both worlds. The platform is ready for launch in Q4 of 2023.
Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.