The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Pitbull has risen by 8.97% in the past 7 days. The price increased by 7.77% in the last 24 hours. In just the past hour, the price shrunk by 0.20%. The current price is $0.0000000002 per PIT. Pitbull is 100.00% below the all time high of $0.57.
The current circulating supply is 40,192,158,063,660,000 PIT.
Pitbull (PIT) is an auto-staking whose ownership was renounced and given to the upon the token’s creation. Due to decentralization, the token is a 100% community-driven project. Further, Pitbull is a social experiment, wherein traders are consolidated into the project both from a developmental standpoint as well as the community.
The token operates on the Binance Smart Chain () network. BSC was launched in 2020 to develop decentralized applications () with greater capacity and lower latency and at a faster pace. The chain uses a proof-of-stake authority mechanism, a modified version of the mechanism, and seeks to leverage the high transaction capabilities.
According to , the token is designed in a secure form, with every buy and sell automatically contributing to a (LP) that is forever locked. LPs allow users to trade crypto tokens on decentralized exchanges () and other decentralized finance platforms (), not needing any centralized market makers. In other words, LPs refer to a pool of cryptocurrencies or tokens that are crowdsourced and locked in a that supports the trade between assets on a decentralized platform.
In addition to the above, half of the token’s supply was burned into a dead address in the project's initial phase. Therefore, it is not possible to make any changes to the token’s contract. Also, it is not possible to pull liquidity from the burned share.
The project’s smart contract was professionally audited by TechRate, and the token was confirmed as safe with no high to severe issues, no medium to severe issues, and no low to severe issues. Additionally, the audit confirmed that there are no owner privileges. A smart contract is a contract that self-executes, and the agreement terms between traders are directly written into code lines. allow trusted transactions and agreements among anonymous parties without requiring any legal system, external enforcement mechanism, or central authority.
The token also lends its support to charities, including Kennel to Couch, a non-profit organization that works with shelters and community partners to safeguard at-risk pitbulls and offer support and incentives required to motivate the adoption of their sponsored pitbulls. Further, the project plans to implement tools for automatic donations to be given to the charity whenever users purchase NFTs, merchandise, etc.
Amongst the project’s highest priorities is transparency. Frequently, new volunteers are added to the project’s team to make sure that the community voting is carried out regularly to decide the project’s directions and to ensure community representation. Further, the voting, for example, helps decide the fund allocation, which shelters to donate to, which exchanges to focus on, and even which logo to use for the Pitbull token.
The token has a community wallet that allows members to donate to develop the project further. Moreover, a few features of the token include the following:
PitTracker: For traders to track their token holdings and their accumulated from auto-staking rewards.
PitCharts: A charting and analysis tool for tokens on BSC.
PitGames: Token’s website that enables users to play various games in the browser, etc.
The platform was launched on March 17, 2021. The network’s team comprises volunteers, with the lead members being Jack, Jari, Prash, Kevin, and others. Further, there are other groups, including administration, marketing, media, and software/web development.
No presale was conducted for the token to allow a fair launch.
The token has a maximum total supply of one quintillion.
The platform follows a passive mechanism, and as per the contract, users automatically receive a distribution of 2% of every transaction on the platform’s token. This mechanism allows token holders to receive rewards in an easy manner directly to their wallet without requiring them to farm or stake on any platform. This also enables them to save transaction fees as well as compounding returns.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The current market cap of Pitbull is $9.56M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Pitbull is $0.57. This all-time high is highest price paid for Pitbull since it was launched.
Over the last 24 hours, the trading volume of Pitbull is $190.41K.
The current circulating supply of Pitbull is 40,192 trillion.
No, Pitbull is not currently available on Coinbase, but you can sign up to get the latest news on Pitbull and be notified when it gets added to our exchange.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.