coin icon

Propel Price

(PEL)

Note: This cryptocurrency has not yet been officially listed on KuCoin Thailand.

--

Propel (PEL) Live Price Chart

    How do you feel about PEL today?

    Note: This data is for reference only.
    pk

    PEL(PEL) Profile

    altRank--
    rate--
    Expand
    --
    --
    ATH
    $0.00477732
    Price Change (1h)
    --
    Price Change (24h)
    --
    Price Change (7d)
    --
    Market Cap
    --
    24h Volume
    --
    Circulating Supply
    --
    Max Supply
    8B

    About Propel

    • What Is Propel (PEL) Crypto?

      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.

    • How Does Propel Work?

      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.

    • When Was Propel Launched?

      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.

    FAQ

    • Is Propel (PEL) a Good Investment?

      Propel is an interesting crypto asset to add to your portfolio, especially if you believe in the growth potential of the overall crypto industry and critical sectors such as web3, DeFi, and the metaverse. Rising demand for dApps could increase developer interest in Propel’s infrastructure, supporting the $PEL price in the market.

      As more projects are developed and launched using Propel’s infrastructure, investor interest in its native token could increase. This, in turn, could boost the PEL price statistics.

      The Propel price could also benefit from positive sentiment in the crypto market. At such times, there is increased buying activity in the market, driving up the value of Propel token.

    • What Is Propel Crypto Price Prediction?

      Although we cannot offer a reliable PEL price prediction over any timeframe, we could recommend some key factors that drive price action and volatility in the Propel token:

      Level of Adoption of Propel Platform

      Increased on-chain activity by developers and users of the Propel platform could support the value of PEL crypto. As more developers use Propel’s infrastructure to launch their dApps, the demand for the PEL token could increase among investors supporting the Propel crypto price.

      Future Developments in Propel Ecosystem

      News of the Propel team’s future partnerships, integrations, and investments could also drive investor interest in its native token. Such developments could also support the PEL to USD price in the crypto market.

      Overall Crypto Market Sentiment

      Market sentiment is crucial in determining price trends in the PEL token. A positive or bullish sentiment encourages buying activity, supporting the price of Propel crypto. On the other hand, a bearish or risk-averse mood among investors causes selloffs that weaken the PEL price.

    • What Is PEL Token Used For?

      $PEL is the native token of the Propel ecosystem and serves the following purposes:

      Utility Token of Propel

      PEL is used as the fundamental utility token across a portfolio of Propel products. It plays a central role in reward-sharing mechanisms, liquidity provision, and safeguarding the protocol.

      Decentralized Governance on Propel

      PEL token holders can participate in platform decision-making processes through native token governance. This means that users can signal their preferences or vote on proposals to influence the development and direction of the Propel platform.

      Staking to Participate in Launhpools and Earn Rewards

      Users can stake their PEL tokens to earn rewards and participate in Launchpools. In return, users receive rewards in the form of additional PEL tokens.

      Trade and HODL Propel (PEL)

      PEL tokens can be traded on both centralized and decentralized cryptocurrency exchanges. KuCoin is a popular exchange where you can buy or sell Propel, with PEL/USDT a popular trading pair on the KuCoin Spot Market.

    • Who Are Propel’s Partners?

      Propel has formed partnerships with several leading projects in the crypto industry, such as Pontoon, TechRate, BlockSec, Oddz Finance, ZeroSwap, Acknoledger, and more.

    • What Is Propel’s Tokenomics?

      According to Propel’s official documentation, the total supply of PEL is fixed at 100 million tokens. The token distribution is given below:

      1. 25.6% of the PEL supply is reserved for ecosystem and marketing.

      2. 20% of tokens have been allotted for rewards.

      3. 20% was distributed among the Propel team.

      4. 13% was issued during Propel’s private sale.

      5. 10% of PEL tokens have been kept aside as reserves.

      6. 6% of $PEL was distributed in the seed round.

      7. 5.4% was allocated for Propel’s public sale.

    • What is the all-time high price of Propel (PEL)?

      The all-time high price of Propel (PEL) is 0. The current price of PEL is down -- from its all-time high.

    • How do I store Propel (PEL)?

      You can store your Propel in the custodial wallet of a cryptocurrency exchange without having to worry about managing your private keys. Other ways to store your PEL include using a self-custody wallet (on a web browser, mobile device, or desktop), a hardware wallet, a third-party crypto custody service, or a paper wallet.