Pitbull update: PIT Live price, price chart, news and markets

PITSTOP: Unveiling Pitbull (PIT)

Pitbull (PIT) is a dog-centered meme coin that operates on the Binance Smart Chain (BSC). It stands out by prioritizing community involvement and positioning itself as a "unique social experiment." Pitbull rewards its investors through an auto-staking mechanism, ensuring a passive yield by distributing fees from PIT transactions to token holders.

Pitbull has an ambitious roadmap for a meme coin, including:

• Expanding to various blockchains such as Ethereum (ETH), Polygon (MATIC), Kucoin (KCS), and Cardano (ADA).
• Launching a magazine named PitMag.
• Creating Pitbull non-fungible token (NFT) collections and collaborations.
• Developing a play-to-earn game related to Pitbull.
• Establishing a Pitbull Metaverse.

Despite being launched in March 2021, Pitbull has already gathered an impressive following of 100,000 Twitter followers and over 40,000 members in its official Telegram channel.

PITSTOP: The Visionaries Behind Pitbull

While the founders of Pitbull remain anonymous, ownership of the project has been handed over to the community. The community consists of several volunteer leads who play key roles in the development and management of Pitbull:

• @Jackiboi (Jack): software engineer, development
• @SevenDigitz (Jari): manager, communications
• @kargolanding (Kargo Landing): software engineer, development
• @Faaa1B (Fab): Reddit strategist
• @kndwin (Kevin): software engineer, development

While these individuals form the core team of Pitbull, various other groups contribute to the project:

• 48 members working on admin to coordinate the direction of the project.
• 15 members managing social media channels and maximizing social outreach.
• 45 members designing original images, videos, and music for media output.
• 22 members collaborating to build software applications like charts and trackers.

PITSTOP: The Unique Features of Pitbull

In addition to its strong community, Pitbull (PIT) boasts a well-developed ecosystem for a meme coin. It has already implemented several use cases, with more planned in its detailed roadmap:

• PitTracker - A tool for investors to monitor their PIT token holdings and profits from auto-staking rewards.
• PitCharts - A charting and analysis tool for all tokens on the Binance Smart Chain. The team plans to generate additional income by selling advertising and premium features for this tool.
• PitFarm - A platform that allows users to stake liquidity tokens for points, which can be redeemed for Pitbull NFTs. These NFTs will be tradeable on a marketplace, with funds allocated to marketing (15%), shelter donations (15%), the PIT liquidity pool (60%), and the minting and designing process (10%).
• PitSwap - An automated market maker (AMM) that simplifies trading for PIT investors. It is set to become a comprehensive ecosystem supporting staking, farming, and other decentralized finance (DeFi) features.
• PitStore - An official Pitbull merchandise store that will be integrated with PIT in the future.
• PitStop - A social network tied to a user's Pitbull wallet address, providing easy access to all PIT tools on a single page.
• PitFund - A fundraising platform based on PIT.
• PitGames - A collection of browser games, including card trading games and lottery games.

Pitbull has also formed partnerships with charities like Kennel to Couch, a non-profit organization focused on saving Pitbulls, as well as DeFi projects such as Pig Finance and Friction Finance.

PITSTOP: Explore More

Take a look at Dogecoin (DOGE) - the pioneering meme coin with the highest market cap.

Check out DrunkDoge (DRUNK) - another popular dog-themed meme coin.

Read our comprehensive article on Golden Doge (gDOGE), yet another Dogecoin copycat.

Stay updated with the latest crypto news and trading insights through CoinMarketCap Alexandria.

PITSTOP: The Circulating Supply of Pitbull (PIT) Coins

The total supply of Pitbull (PIT) is 100 quadrillion (17 zeroes), with 50% of the supply burned upon token generation. Each trade of PIT is limited to a maximum of 500 trillion (14 zeroes), and a 4% tax is applied to each transaction. 2% of the tax is automatically distributed to all holders, including the burn wallet, while the remaining 2% is used to provide liquidity. Over 57% of the original PIT supply has been burned since its inception.

PITSTOP: The Security of the Pitbull Network

PIT is a BEP-20 token on the Binance Smart Chain. It underwent an initial token burn of 50% of the total supply. The Pitbull smart contract has been audited by TechRate, which found no issues. Pitbull also lists all its smart contracts on its website.

The Binance Smart Chain is secured through a proof-of-stake (PoS) consensus mechanism. Every 24 hours, 21 validators are elected to validate transactions and maintain blockchain security. These validators must stake a certain amount of Binance Coin (BNB) with Binance to become eligible.

PITSTOP: Can Pitbull Go to the Moon?

While no one can predict the future, Pitbull has shown promising growth and an enthusiastic community. Its unique features and strong partnerships could contribute to its success. However, as with any investment, it is important to conduct thorough research and make informed decisions.