Pitbull (PIT): Cryptocurrency investment research report for holding and earning interest

in #pitbull2 months ago

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Pitbull (PIT) has been listed on HotsCoin on February 19. Pitbull (PIT) is a cryptocurrency with the characteristics of earning interest by holding currency, adopting a unique community-driven model. This report will provide an in-depth introduction to Pitbull’s project overview, token economic rules, and its sub-projects (PitStore, PitStop, PitFund, PitGames) to provide investors with a comprehensive understanding. PIT is currently open for trading on HotsCoin.

  1. Project Overview:
    Pitbull is a community-driven cryptocurrency project launched on Binance Smart Chain on March 17, 2021. Ownership has been transferred to the community, making it a 100% community-driven project. Through multiple iterations of construction, Pitbull has attracted a large number of currency holders and its community has rapidly expanded.

  2. Token economic rules:
    Total circulation: 100,000,000,000,000,000, 50% of which were sent to the black hole address for destruction when the project was created.
    Maximum single transaction amount: 500,000,000,000,000 PIT.
    2% of each on-chain transaction is allocated proportionally to all currency holding addresses, including black holes, ensuring that PIT holders can obtain continuous income through holding.
    2% of the total transaction amount will be remitted to the locked liquidity pool, providing an ever-increasing price floor.
    As of May 23, 2021, 57% of the total issued tokens have been transferred to the black hole address for destruction, including the 7% destroyed according to the token economic rules at the beginning of the project.

  3. Pitbull sub-project:
    PitStore (Alpha):
    Allows users to purchase official Pitbull merchandise with US dollars, and will support PIT for payment in the future.
    The purpose is to build brand image and increase community funds for project development, charitable donations and token burning.

PitStop (under construction):
It will serve as a comprehensive website connecting all PIT applications and provide social networking services using wallet addresses as accounts.

PitFund (under planning):
A fundraising platform that will use PIT to support those in need. A small service fee will be charged for each donation and will be remitted to the PitBull Community Fund.

PitGames (under planning):
Allows users to play a variety of games from within the browser, including trading card games and future casino games.

in conclusion:
The Pitbull project builds a unique community experiment with its community-driven model and diverse sub-projects. Token economic rules and a continuous burning mechanism provide holders with potential long-term value. As the Pitbull ecosystem continues to evolve, investors should pay close attention to its community engagement, development plans, and potential future value-add opportunities.

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