BTSE will list the Pitbull (PIT) token on November 9, 2023, making it available for spot trading. Additionally, PIT will be listed on BTSE’s wider ecosystem of 10+ white label crypto exchanges, enabling better liquidity and pricing. Users will be able to trade PIT via the PIT/USDT and PIT/USDC trading pairs.
1. Deposits enabled: 4:00 PM (Singapore Time) on November 9, 2023 (supported network: BEP-20)
2. Trading enabled: 4:00 PM (Singapore Time) on November 9, 2023
3. Withdrawals enabled: 4:00 PM (Singapore Time) on November 10, 2023
Pitbull (PIT): The Community-Centric Token
At the heart of Pitbull’s ethos is a strong community bond that drives the token’s success and utility, and the PIT project is a testament to the power of collective investment in the social experiment of cryptocurrency. As a token on the Binance Smart Chain (BSC), Pitbull offers its investors an engaging opportunity to participate directly in the community’s growth and the project’s evolution.
Fuelling Growth Through Auto-Staking
Investors in Pitbull are automatically enrolled in an auto-staking system, ensuring they receive continuous rewards as a share of the transaction fees generated by the PIT token’s activity. This mechanism promotes a sustainable investment model where supporting the token directly correlates with receiving passive income.
The Future of Pitbull
The roadmap of Pitbull charts a course across multiple blockchains and innovative projects. Some of the most notable ventures include:
- Multi-blockchain launch encompassing Ethereum (ETH), Polygon (MATIC), Kucoin (KCS), and Cardano (ADA).
- The introduction of PitMag, a dedicated magazine for the Pitbull community.
- Original Pitbull NFT collections for trading and collaboration.
- A Pitbull-themed play-to-earn gaming experience.
- Expansion into the Pitbull Metaverse, creating a virtual reality space for the community.
The vibrant Pitbull community sets the stage for an unprecedented adventure in the meme coin universe. Whether you’re a seasoned trader or new to the crypto world, your journey with PIT is bound to be exhilarating.
PIT is more than a token – it’s a mission, a community, and a chance to be part of cryptocurrency history. Trade PIT now to be part of a bold step into the future of cryptocurrency.
The following tokenomics rule for PIT has been established:
On-Chain Transaction Fee:
PIT tokens incur a nominal fee of 4% for each on-chain transactions for token burns and token redistributions. The allocation of this fee is twofold:
Token Burn and Redistribution:
- After deducting BTSE platform operational costs, a portion of the transaction fee is utilized for a weekly token burn event and for rewarding the PIT community. The token burn is a critical measure aimed at reducing the total supply of PIT tokens, potentially enhancing their scarcity and value. Concurrently, a portion of the fee rewards existing token holders, which reinforces the platform’s commitment to sharing ongoing transaction activity benefits. The exact ratio for redistribution versus burn is managed to align with platform sustainability and growth strategies without disclosing specific percentages that may impact market dynamics.
BTSE Operational Costs:
- An additional fee is applied to PIT transactions to address the expenses associated with integrating and maintaining PIT tokens on the BTSE platform. This ensures the platform can continually provide high-quality services to its users.
PIT withdrawals from BTSE will also incur a small fee. This fee will cover the network’s gas fees and additional service charges by BTSE. The exact percentage rate will be clearly communicated to users at the time of withdrawal to maintain transparency.