Pitbull Token, which has been popular in our country lately, is a project connected to a decentralized crypto community. Introduced with the Binance Smart Chain (BSC) ecosystem on March 17, 2021 Pitbull Token (PIT)According to the promotions, it is a project that is completely dependent on the community and has no central control.
PIT coin is the name given to the native token of the Pitbull Token project and has been working in a decentralized, community-owned manner since it was first issued. Everything related to the token is actually linked to the actions of the community.
How Pitbull Token Works
Koinfinans.com As we reported, the project, developed and growing by the community since its launch in the first quarter of 2021, is now listed as the 441th largest token with a total value of around $34,215,000. With a total supply of 100,000,000,000,000,000 (100 quadrillion), the token is highly dependent on the “burn” principle due to this excess number. With the community acting together and increasing the token burning, different situations such as the interaction, integrations and usage increase will increase the value of the token. The vision and mission of the project is currently focused on the long term.
More than half of the total supply of 100 quadrillion PIT tokens has been burned and its circulating supply is around 40%. When making PIT token transactions, the system automatically makes a relatively large deduction of 4%. The purpose of this deduction is to increase the value of the PIT token. 4% trading half received is automatically burned, with the remaining half distributed as a reward. In this respect, the system has both an automatic burning mechanism and a staking mechanism.
As with most of the projects connected to the community, Pitbull Token also did not offer an ICO, namely the first token. In addition, it does not have a developer, owner or employee. All transactions are on a voluntary basis. Volunteers can transfer to the project’s “donation wallets” protected by multi-signature technology, but this requires multiple signatures.
Pitbull Token community, which also adopts transparency as a principle, openly shares all expenditures and incomes. It is also possible to track the donations made.
Among the partnerships Pitbull Token has established so far are names such as Pig Finance (PIG Token), Friction Finance (TAO Token) and UniTracker. In addition, Pitbull Token has ambitious projects such as Pit Tracker, Pit Charts, Pit Farm, Pit Swap, Pit Store, Pit Stop, Pit Fund, Pit Games, Pit Lottery.
How to Buy Pitbull Tokens? How to Get PIT Coins?
You can buy it through exchanges such as Gate.io, MEXC, OKX, PancakeSwap, CoinEx that offer community-affiliated projects.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.