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Pendulum & PEN

The Pendulum crowdloan on Polkadot is scheduled for 16th December 2022. Crowdloan contributors will have the chance to access the PEN token. The Pendulum Waitlist will give contributors up to 15% in bonus rewards. A Polkadot crowdloan serves to trustlessly crowdsource DOT to bid on a parachain slot in Polkadot's parachain auctions. It is not exactly a loan, rather it is a way of locking your DOT tokens in order to vote for a parachain to successfully win a parachain slot in the network. For more information see our quick overview.