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Pungo token is the digital token that Peer2group is creating to build a digital economy within our products and its backed by revenue from our different launched products. As of today Peer2.cash fiat gateway, Peer2.krd crypto card loading service and Pungo.app Light Wallet have been launched and part of the revenue they generate accumulates into a Public Buyback Fund that guarantees that Pungo Tokens have real value backing them. The Buy back fund is controlled by Inlea Foundation through its Opening Chain project to guarantee full transparency of the Buyback Fund.The token based economy is a paradigm shift and we are proud to be leading the change. We consider that tokens with real usage and backed by a genuine business model will gradually bring and maintain value within our network.
The aim of the Pungo Token is to develop a digital in-app economy based on company products value. The approach of developing a token based economy with company products will be unstoppable upcoming years as private companies discover the ability to create "private currencies" based on their product value. Pungo Token is pioneering on that and is also backing its value with real revenue from Peer2Group products, escrowed by a 3rd party Foundation.
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