Through a deflationary token model, the project aims to bring sustainable passive income to holders.
Get PSTN Apeswap farms and pools up and running
Considering the expansion of the ecosystem, Piston Token has announced a partnership with Apeswap. With this, the BUSD-PSTN farm and PSTN Banana staking pool will go live on Apeswap on his August 19th. A user earns his PSTN in Banana pools and rewards banana tokens in BUSD-PSTN farms.
The team is releasing Piston Rush, a mini-racing game for the community this weekend. The game allows users to win grand prizes by avoiding cops and competing for the highest score. The game has a free trial that only works up to 30 points. 60% of the prize money goes to his 1st place, 30% and 10% to his 2nd place and his 3rd place respectively. However, if the game does not exceed 6 he gets 100% of the winnings he gets first place.
Such mini-games bring additional income to the protocol and ultimately create sustainability in diverse market conditions.
What is Piston Token?
Piston Token is a BNB chain-based token designed to power the entire ecosystem. Users can earn rewards by depositing tokens in the Piston Race Dashboard App. When a user deposits her PSTN, a native token, to fuel a gas tank, he receives a daily return of 1% (up to 365% APR) of the amount deposited in the tank.
Currently, the DeFi space seems to be plagued by vague real-world use cases that rarely exceed high interest rates, attracting hordes of gamblers whose money is used to fund their next investor. . These unsustainable models lead to the premature collapse of projects due to the token model of inflation.
Recognizing these shortcomings, the Piston Token team aims to create sustainable projects that offer real value with access to the wider DeFi community and the potential to become a permanent passive income source. I’m here.
With sustainability as a primary goal, the team implemented a tradable tax to neutralize selling pressure, reduce volatility, feed the protocol and provide stability. A way to generate revenue without token inflation is definitely the foundation for long-term sustainability.
To increase transparency and increase community trust, the team has released a smart contract audit report for the project and an upcoming racing game from smart contract audit company Solidity Finance.
Also Piston Token bug bounty program This makes it the first daily ROI protocol to use hackathons as breach prevention. A developer who discovers a smart contract vulnerability can earn as much as $10,000.
Total Supply: 1,000,000
Contract Address: 0xbfacd29427ff376ff3bc22dffb29866277ca5fb4
Piston users can accelerate their earnings by:
- Create a new PSTN deposit
- Use the nitro button to add fuel and double your earnings
- Receive boosts from Pitcrew
Pitcrew refers to a user’s downline or network. That is, people they referred, and people referred by those people, etc. Boost refers to a portion of his Pitcrew people’s transaction fees on their own.
Piston Token currently has over 6900 holders and is on over 3000 watchlists on Coinmarketcap.
The protocol charges taxes that are used to support the protocol and reduce volatility. Taxes are classified as follows:
- Purchases: 10% tax on exchanges and wallet transfers, but zero purchase tax on Piston Sites.
- Deposit: 10% tax on Piston Site.
- Billing: 10% minimum, 75% maximum tax.
- Sales: 10% tax across Piston sites, exchanges and wallets.
- Transfers: 10% tax across exchanges and wallets.
- Airdrop: 10% tax on piston sites.
- Closing: Closing the project is subject to a 10% tax.
- Compound: 3% tax on auto compound (Nitro).
These taxes are allocated to marketing, liquidity, and virtual burn. For more information on how these taxes are allocated and how the protocol encourages a consistent flow of value into the system, please see our white paper.
Journey so far
Following that roadmap, Piston Token has perfected features such as an avatar system, airdrop casino, autopilot and lottery.
The autopilot feature allows users to choose how many days in a row to automatically reinvest their daily returns, so they can hold out better than sell.
Piston users can also participate in the Piston Lottery. For each Nitro (reinvested), the user will receive her 10 vouchers which can be redeemed for her 10 lottery tickets using BUSD. Teams use the proceeds from lottery sales to buy PSTN tokens and lock them in races. 50% of it will be used for virtual writing and the rest will be used as a reward.
Notably, the team recently attended the NFT Expo in Los Angeles. They showcased their currently in-development racing game in live demos and alpha test drives and received a lot of positive feedback.
test drive alpha
Piston is developing a play-to-earn car racing game due to launch in April 2023, according to its roadmap. The game will be integrated into the protocol and his PSTN token to provide maximum value to the owner. Automatic synthesizing of gains by pressing the Nitro button gives the user the starting position of the racing game. The testing phase is scheduled to start at the end of August 2022.
Additionally, the project plans to launch an NFT Marketplace in September, primarily focused on racing car NFTs and auto parts used to customize racing cars.
For more information on Piston Token, please visit this website. Follow the project on all social channels to stay on top of what’s happening.
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