How To Buy Pitbull (PIT)?

A common question you often see on social media from crypto beginners is “Where can I buy Pitbull?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports Pitbull (PIT)

First, you will need to open an account on a cryptocurrency exchange that supports Pitbull (PIT).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Pitbull (PIT) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Pitbull (PIT)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Pitbull (PIT) or Pitbull (PIT) trading pairs. Look for the section that will allow you to buy Pitbull (PIT), and enter the amount of the cryptocurrency that you want to spend for Pitbull (PIT) or the amount of fiat currency that you want to spend towards buying Pitbull (PIT). The exchange will then calculate the equivalent amount of Pitbull (PIT) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Pitbull (PIT) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

Alternative ways to buy Pitbull (PIT)

Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is Pitbull (PIT)?

Pitbull is a self-staking token that had its ownership renounced and given to the community upon its creation. This decentralization of power has allowed Pitbull to flourish as a 100% community-driven project with markedly engaged holders and rapid growth on a daily basis.

Released March 17, 2021 on the Binance Smart Chain network, the Pitbull project has been iteratively built and improved upon by volunteers within the community since its inception. Graphic designers, writers, web developers, influencers, marketers, data analysts, translators, and more have contributed their talents to help Pitbull grow into an inspirational model of community-driven success.

The project has become a unique social experiment in which the investors are integrated into the project both from a community and developmental standpoint. With so much progress achieved by its community in such a short amount of time, Pitbull stands as a solid milestone in this progressive and exciting age of the Social Blockchain.

Pitbull was created with safety in mind. It is an ownership-renounced token, with each buy and sell automatically contributing to a liquidity pool that is locked forever. Furthermore, half of the total supply was burnt into a dead address in the beginning of the project. It is impossible to modify Pitbull’s contract, and it is impossible to pull liquidity from it. The team behind Pitbull is a fully volunteer team.

• No presale was conducted, allowing for a fair launch.
• The ownership of Pitbull was renounced upon its creation to a dead address. The Pitbull Team consists entirely of community volunteers who are also invested in PIT.
• The initial liquidity and 50% of Pitbull’s total supply was sent to the dead address at the project’s beginning.

With the help of investors’ donations, the Pitbull smart contract was professionally audited by TechRate, which confirmed the token as safe, the report can be found here.

Transparency is another one of the Pitbull Team’s highest priorities. New volunteers are frequently added into the Pitbull Team to ensure community representation, and community voting is regularly conducted to help decide the best direction of the project.

For example, community votes have been taken on how to allocate funds, which exchanges to focus on, which shelters to donate to, and even which logo to use for the Pitbull token. The Pitbull Team hopes to evolve this into a governance system based on PIT holdings.

Pitbull (PIT) Tokenomics

The tokenomics of Pitbull are as follows:

• 100,000,000,000,000,000 initial total supply
• 50% of the total supply burnt & sent to a dead address prior to release
• 500,000,000,000,000 max limit of PIT per trade
• 2% of each transaction automatically distributed to all holders including the dead address. This grants PIT investors continual rewards for holding and decreases the circulating supply exponentially as the percentage of the dead address holding grows.
• Another 2% from each transaction automatically creating liquidity that is sent to the dead address and locked forever. This forms an increasingly higher price floor for investors.
• Currently (05/29/2021) over 57% of total supply has been burnt; of that, 7% was burnt due to PIT’s tokenomics since its inception (03/17/2021).

As per the token contract, Pitbull holders automatically receive a distribution from 2% of each transaction of the Pitbull token.

This function is a unique and easy way for holders to receive rewards directly to their wallet without the need to stake or farm on other platforms. This saves gas fees and allows compounding with ease of mind.

The passive staking rewards from holding PIT increase rapidly as PIT gains more recognition and thus more transaction volume.

Pitbull (PIT) Ecosystem

PitTracker – Investors can easily follow their PIT token holdings and see exactly how much they’ve accrued from the auto-staking rewards.

PitCharts – A charting and analysis tool for all tokens on the Binance Smart Chain. Once it is fully released, it will generate income from ad spaces and premium features that require PIT tokens to use, which will further help the burn and project funding.

PitFarm – This will allow users to stake PIT-BNB v1 for points to redeem official Pitbull NFTs, or buy them straight out. These NFTs can be traded in the marketplace, and the sales will go towards the Pitbull community fund and artist as a minting fee. The funds raised will go towards charity, project development, and burning Pitbull tokens. 

PitSwap – Automated Market Maker tool that allows easier trading experience for new investors to buy PIT. Future plans to evolve this Pit Swap into an ecosystem much like PCS that will involve in a creation of a new token that is co-beneficial with PIT for staking, farms, own routing and trading fees towards burning and project development. Tokenomics must be intensively researched before proceeding to the next stage. 

PitStore – This will allow users to purchase official Pitbull merch via USD and will plan to integrate PIT to the payment system. Creating a brand image and increase in needed funding that will go towards project development, charity, and burning.  

Pitbull (PIT) Roadmap

Pitbull development updates in 2023

In 2023, Pitbull (PIT) cryptocurrency has made some significant developments in its ecosystem, showcasing its growing influence in the blockchain world. Here are the most important updates:

• Expansion of Roadmap: Pitbull Token announced a comprehensive new roadmap by the end of 2021 into the first quarter of 2022. This roadmap includes new utilities, integration into the Metaverse, components for the gaming industry, Tier-1 Exchange Listings, and payment collaborations with top NFT & Metaverse companies like SNKR WARS.

• Unique NFT Series and PITMAG: Alongside its roadmap, Pitbull introduced a unique NFT series and PITMAG, an online communication media platform for the blockchain world. These initiatives aim to offer novel concepts for crypto communities and provide informative resources about the crypto market.

• Development of Multiple DApps: Pitbull has developed numerous functional use-cases and decentralized applications (DApps) in its ecosystem. This includes PitSwap, PitFarm, NFT Farming, PitSafe DeFi Asset Manager, PitStop, PitCharts, and PitLottery. These platforms demonstrate the project’s versatility and commitment to offering a rich ecosystem for investors.

• Tokenomics and Community Ownership: Pitbull Token’s smart contract automates a system where 2% of every transaction is distributed to all $PIT holders, and another 2% is burned. This model not only rewards holders but also gradually reduces the circulating supply of $PIT.

• Major Events and Partnerships: The project has seen a growth in community size, crossing over 500,000 members. It also underwent regular token burning to improve price stability and scarcity and formed a strategic partnership with CoinW Exchange to boost the utility and adoption of $PIT.

• Listings on Multiple Exchanges: PIT token got listed on various platforms, including Let’s Exchange, Dodo, CoinRabbit, BitcoinTry, SecondBTC, and Exolix. These listings have increased the token’s accessibility and liquidity.

• Future Directions and Innovations: Pitbull Token continues to evolve with ongoing developments, and future updates are likely to include support for major blockchain projects like Ethereum, KuCoinChain, Cardano, and Solana through its DApps like PitSafe.

These updates indicate Pitbull Token’s commitment to growth and innovation within the blockchain and cryptocurrency space, highlighting its potential as more than just a meme project​​​​.

Official website: https://www.pitbull.community/

Best cryptocurrency wallet for Pitbull (PIT)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Pitbull (PIT)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).