Our Journey

The Pendulum journey began with SatoshiPay connecting the world through instant payments in 2014 and has evolved to building a fiat-optimized Pendulum chain on Polkadot today. In 2014 SatoshiPay founder and crypto pioneer Meinhard Benn set out to make micropayments fast, global and easy. In 2019 the multi-signature wallet for stellar was launched and 2020 saw SatoshiPay process more than 1,000,000 euros in borderless content payments. This led the team to discover a problem. The problem being that many global fiat backed stable-tokens (such as those on Stellar) currently cannot take advantage of use cases on smart contract blockchains.

Pendulum aims to become the missing link between fiat and DeFi and connect fintech companies and forex markets with the opportunities of DeFi. To achieve this, the interoperable smart contract blockchain Polkadot was chosen as the foundational layer zero to build on. With Polkadot’s advanced smart contract compatibility, an entire fiat DeFi ecosystem can be developed on the Pendulum chain including AMMs, lending protocols, forex optimized money markets, fiat yield farming opportunities and more. Spacewalk, the trust-minimized bridge between Stellar and all substrate chains, is live on Amplitude and soon to be live on Pendulum Mainnet.

Pendulum Achievements to date

1. Received Stellar R&D grant to build Pendulum chain prototype

2. Raised $5 million in private sale round

3. Web3 Foundation grant for Spacewalk development 4. Record breaking Pendulum win in polkadot auction 5. Amber Forex AMM Whitepaper 6. PEN token launch 7. Pendulum Chain Mainnet Launch 8. AMPE token launch

9. Spacewalk bridge live on Amplitude

Nabla is poised for its upcoming launch on the Pendulum Mainnet, a significant move set to enhance the Forex-optimized ecosystem.