Pitbull (PIT) is a meme-inspired cryptocurrency that is centered around a dog theme and is developed on the Binance Smart Chain (BSC). Known for being community-focused, it markets itself as a "unique social experiment" that involves investors in both the community's growth and the project's evolution. Investors in Pitbull benefit from an auto-staking feature, ensuring they earn passive income as they receive transaction fees in PIT tokens.
Pitbull has set an ambitious path for itself, particularly for a meme coin, with the following goals:
* Launching on multiple blockchains such as Ethereum (ETH), Polygon (MATIC), Kucoin (KCS), and Cardano (ADA).
* Creating a Pitbull-themed magazine, PitMag.
* Developing non-fungible token (NFT) collections and collaborations.
* Introducing a play-to-earn game.
* Establishing a Pitbull Metaverse.
Since its launch in March 2021, Pitbull has built a following of 100,000 on Twitter and over 40,000 on Telegram, demonstrating significant growth.
Who Are the Founders of Pitbull?
The creators of Pitbull remain anonymous, but control of the project has been handed over to the community, which includes several key volunteer leaders:
* @Jackiboi (Jack), a software engineer focused on development.
* @SevenDigitz (Jari), who manages communications.
* @kargolanding (Kargo Landing), another software engineer working on development.
* @Faaa1B (Fab), who strategizes on Reddit.
* @kndwin (Kevin), a software engineer involved in development.
These individuals form the core team of Pitbull, yet numerous other groups contribute to advancing the project:
* 48 members handle administrative tasks to guide the project’s direction.
* 15 members focus on social media management and expanding outreach.
* 45 members create original images, videos, and music for media production.
* 22 members collaborate on developing software applications like charts and trackers.
What Makes Pitbull Unique?
In addition to its strong community backing, Pitbull (PIT) boasts a relatively advanced ecosystem for a meme coin. It has already introduced several functionalities and has plans for more according to its detailed roadmap:
* PitTracker allows investors to monitor their PIT holdings and the returns from auto-staking.
* PitCharts offers charting and analysis tools for all Binance Smart Chain tokens. Once fully launched, the team intends to generate revenue through ads and premium features.
* PitFarm enables users to stake liquidity tokens to earn points, which can be exchanged for Pitbull NFTs. These NFTs can be traded on a marketplace, with proceeds distributed to marketing (15%), shelter donations (15%), the PIT liquidity pool (60%), and minting and design (10%).
* PitSwap is an automated market maker (AMM) designed to streamline trading for PIT investors and is poised to evolve into a comprehensive ecosystem supporting staking, farming, and other decentralized finance (DeFi) features.
* PitStore will offer official Pitbull merchandise and will eventually be integrated with PIT.
* PitStop will serve as a social network centered around a user's Pitbull wallet address, consolidating all PIT tools in one place.
* PitFund will act as a fundraising platform based on PIT.
* PitGames will feature browser games, such as card trading and lottery games.
To bolster its ecosystem, Pitbull has partnered with various charities, like the Kennel to Couch charity dedicated to rescuing Pitbulls, and DeFi projects including Pig Finance and Friction Finance.
How Many Pitbull (PIT) Coins Are There in Circulation?
The total supply of Pitbull (PIT) is set at 100 quadrillion, with half of that amount burned at the token’s creation. There is a cap of 500 trillion PIT per trade, and a 4% tax is applied to each transaction, with 2% automatically redistributed to all holders, including the burn wallet, and the remaining 2% added to liquidity. Since its launch, more than 57% of the original PIT supply has been burned.
How Is the Pitbull Network Secured?
PIT is a BEP-20 token on the Binance Smart Chain. Initially, 50% of its total supply was burned. The Pitbull smart contract underwent an audit by TechRate, which reported no issues. All of Pitbull’s smart contracts are transparently listed on its website.
The Binance Smart Chain secures itself through a proof-of-stake (PoS) consensus mechanism, where 21 validators are selected every 24 hours to validate transactions and maintain security. These validators must stake a certain amount of Binance Coin (BNB) with Binance to qualify.
Can Pitbull Hit $0.01?
Given the vast supply of Pitbull (PIT), it's unlikely for the token to reach $0.01. However, its ambitious roadmap and robust community might drive further potential gains for token holders, depending on the community’s ability to develop future products.
Where Can You Buy Pitbull (PIT)?
You can purchase Pitbull (PIT) on exchanges such as CoinTiger, ZT, IndoEx, PancakeSwap (V2), and BKEX.
