With the powerful development of the cryptocurrency sector, a series of novel projects have appeared to bring uniqueness and benefits to investors. This article will introduce you to a cryptocurrency project called Pitbull (PIT). This coin meme is receiving attention from the Pitbull dog-loving community. So what exactly is Pitbull (PIT)?
What is Pitbull (PIT)?
Pitbull (PIT) is a community-built and fully-owned cryptocurrency project. The project officially launched on March 17, 2021, is developed on the Binance Smart Chain (BSC) blockchain network.
Behind the project’s success is the support of volunteers in the community, they can be graphic designers, writers, web programmers, data analysts, translators Influencers, etc. Outstanding individuals from many fields have contributed to creating a unique project, attracting a large number of investors as well as having remarkable growth over time.
Features of Pitbull
High security
PIT tokens are designed to be secure, each automatic buy or sell transaction is entered into the Liquidity Pool and locked forever. In addition, half of the total supply has been burned to a Dead Address (Wallet address no one has access to or uses) since the launch of the project.
Therefore, contracts in Pitbull cannot be modified nor taken from the Liquidity Pool. The project development team is only a volunteer team, so they are not allowed to pre-sell or own any tokens.
Staking Rewards
Keep PIT tokens in your wallet, you will automatically receive a 2% bonus from the system without participating in any activities. This function helps users save gas fees, eliminates complicated operations, and allows for comfortable double payments.
Community wallet
The Pitbull Wallet was created with the community in mind. Members can contribute to continuing to build the project. Community wallets have been used extensively for sponsorships such as:
- WhiteBit: 20,000 USD
- CoinTiger Listing and Promotion: 7,000 USD
- Listing Indoex: 5,400 USD
- UniRocket & PriceBot Ads: $3,250
- Hotbit: 15,000 USD
In addition, the Pitbull project also became a sponsor for RoldaORG – a charity dedicated to helping stray dogs in Romania and Bullies In Need – a non-profit dog rescue organization in the Ontario area.
Main products of the Pitbull platform
- Pit Charts: This is a tool for analyzing and charting tokens. Pit Charts not only provides many valuable features for investors but also earns advertising income and collects transaction fees with PIT tokens.
- Pit Farm: With PitFarm you can Stake PIT-BNB v1 to swap Pitbull NFT or can buy NFTs directly. The proceeds will go to the Pitbull community fund and use for charity, project development, or Burn PIT.
- Pit Swap: This AMM makes the trading experience simpler for new investors. PitSwap’s plans will develop on the same model as PancakeSwap.
- Pit Store: This is where you can buy Pitbull products in USD. This system can help the project build a brand image and generate significant revenue to use for sponsorship, project development, charity, and Burn token.
- Pit Stop (Pit Tracker): Pit Stop is a collection of many tools to help users manipulate easily. Each user will be identified by a certain wallet address.
- Pit Safe: PitSafe is a comprehensive BSC DeFi asset manager. The platform offers exciting products for developers and token investors on the BSC network.
- Pit Fund: Pit Fund is a charity fundraising platform through PIT token. When contributing to the fund, users will pay a small service fee.
- Pit Games: Through Pit Games, users can play games directly on Pitbull’s website
Some basic information about PIT
- Name: Pitbull token
- Symbol: PIT.
- Blockchain: BSC
- Standard: BEP-20
- Contract: 0xa57ac35ce91ee92caefaa8dc04140c8e232c2e50
- Type: Utility, Governance
- Total Supply: 100,000,000,000,000,000,000 PIT
- Circulating Supply: 40,418,112,144,835,880 PIT
What is the PIT token used for?
PIT is the native token of the Pitbull project. This token is mainly used for the following purposes:
- Used as a transaction fee on the Pitbull ecosystem
- Support and donate to charities
- Buy NFT Commodities on Pitbull NFT
- Participate in games on Pit Games.
Tokenomics
Token Allocation
- Burn 50% (Burn directly at launch).
- Reflection: 2% (Fees are redistributed to all PIT token holders).
- Liquidity Accumulation: 2% (Transaction fees are added to the Liquidity Pool and locked forever).
- Public Sale: 46%
Where to buy PIT?
PIT is a token built to the BEP-20 standard. Therefore, you can store PIT on the following popular wallets: Binance Chain Wallet, Trust Wallet, Coin98 Wallet, Metamask, Ledger Nano X, Trezor, etc.
Alternatively, you can also store PIT tokens directly on some of the exchanges that support it.
Roadmap
Step 1
- New website and branding
- Social media channels
- Apply for BSCscan logo + site adding
- Audit applications and reviews
- Listings on CoinMarketCap and CoinGecko
Step 2
- Donations to animal shelters
- Approaching and creating relations with large crypto YouTubers and influencers
- Integrations of interactive community projects
- Merchandise (shirts, caps, hoodies, phone cases)
Step 3
- Listing on whitebait exchange (donation reached and in progress)
- Application to be listed on different platforms for trading
- NFT and MEME competitions
- $PIT official music
Step 4
- Donations for Bilaxy Listing and other possible CEXs
- Governance token process/evolution of the project
- Possible engagement with the rapper “Pitbull”
- Widen the shelter donations & organizations
Is Pitbull (PIT) a good investment?
Since its inception, the Pitbull project has been iteratively developed and improved upon by community members. Pitbull’s inspirational model of community-driven success has been possible with the contribution of talented graphic designers, writers, web developers, influencers, marketers, data analysts, translators, and others.
Pitbull is a good example of how far the Social Blockchain community has come in such a short period. Pitbull is an excellent achievement, not only for its own sake but also because it represents all that’s ahead for this progressive, exciting age of the Social Blockchain.
The fact that the PIT is a community token has made society quite enthusiastic about them since day one. Everyone has a voice in the progress of $PIT, and everyone can take action to enhance it. In time, they became visible on Tiktok, YouTube, Twitter, and other social media sites.
Pitbull’s value is expected to continue to expand, as shortage tends to encourage price rises. Please note, there is some risk to any investment. Just invest in what you can accomplish before coming to any conclusions and conduct the maximum research possible.
Conclusion
With many unique products and benefits for investors, Pitbull is being evaluated with great potential, promising to develop even more strongly in the future. Hopefully, through the above article, you will have a complete view of the Pitbull project and the PIT token to make an effective investment decision.