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Swiss Franc (PEG) is not tradable on Coinbase.

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Swiss Franc

PEG

About Swiss Franc

PegNet (PEG) is a decentralized, non-custodial network of tokens pegged (stabilized) to different currencies and assets. A currency peg is a method where a national government fixes the exchange rate of its currency with a foreign currency. PegNet allows trading and conversion of value without the need for counterparties. PegNet is an auditable, open- source stablecoin and logical network using the competition of Proof of Work (PoW) and external oracles (entities that connect blockchains to external systems). With a community-driven movement, PegNet seeks to put crypto users in control of trading, mining and holding decentralized stablecoins. Ultimately, PegNet plans to become a complete decentralized stablecoin system.

As per its whitepaper, trusting a centralized institution with crypto assets is tricky. Whenever a centralized institution collapses, crypto holders suffer. Stablecoins, on the other hand, enjoy a reputation of decentralization yet operate on vulnerable reserve-based systems. The reserve systems have a central point of failure that again causes a challenge to stablecoin holders. To replicate what Bitcoin did for traditional currency, PegNet aims to do the same with stablecoins. As a result, PegNet launched a decentralized network of stablecoins.

Working: Every ten minutes, PoW miners report the prices of tokens pegged to traditional currencies, crypto assets, and commodities like gold and silver. In this decentralized system, there are no third-party intermediaries. Users purchase or mine PegNet native PEG token and convert it into any pegged asset on the network. Native tokens can be converted to any pAsset on the network with no slippage, and with limitless liquidity. An example of a pegged asset is pBTC (pegged bitcoin).

The PegNet wallet, one of the facilities offered by PegNet, allows the users to convert between pegged tokens. The wallet is free from the involvement of intermediaries. The PegNet wallet is fully responsible for managing the transactions and balances for different assets. Another feature within PegNet is the PegNet Explorer, which allows users to view the activities that take place on the PegNet protocol.  

PegNet was launched in 2019. 

Market

Market stats

Data is sourced from third parties. We make no representation on the accuracy of the data provided. Learn more

Market cap

Not enough data

Volume (24h)

Not enough data

Circulating supply

Not enough data

All time high

Not enough data

Market performance

Price change (1h)

+100%

Price change (1d)

+100%

Price change (1w)

+100%

Price change (2w)

Not enough data

Price change (1m)

-35.64%

Price change (1y)

+3,297.1%

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Swiss Franc is on the rise this week.

The price of Swiss Franc has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. Swiss Franc’s price has also risen by 100.00% in the past week.

FAQ

What is the current price of Swiss Franc?

We update our Swiss Franc to USD currency in real-time. Get the live price of Swiss Franc on Coinbase.

Can I buy Swiss Franc on Coinbase?

Yes, Swiss Franc is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Swiss Franc guide.