Since the dawn of the new decade, the attention of investors have been drawn to animal inspired digital currencies that have dominated the market in recent months. From dog coins, to PIG Coin, to bear coins and fox coins, the animal coin party has kicked off. But of utmost interest to us today is PIG token, one of the cryptocurrencies boasting the highest return on investment.
Dogecoin has enjoyed the most attention and most appreciation of the animal coins, rising by thousands in the first quarter of 2021 and inciting a frenzied enthusiasm for altcoins. Although, PIG has not enjoyed similar virility, it is one of the most sought after digital assets today.
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In this article, we will dissect every technical facet surrounding the PIG token, from what it is, to its price and how to buy.
What is PIG Token?
Known in full as Pig Finance, this altcoin is a decentralized deflation token executed on the Binance Smart Chain with a maximum supply of 1000,000,000,000,000 PIG.
PIG token offers 100 percent decentralization, automatic yield farming, no complicated asset matching liquidity and a reduced risk of unfixed loss. Its whale safety feature ensures that no wallet holds 1% of the total PIG supply. In addition, no transaction can involve more than 5 trillion PIG.
According to pigtoken.finance, it is the “first token with a Black Hole design that exponentially cuts the total supply in circulation by massive amounts. 100% of PIG supply seeded as liquidity, meaning zero presale and no allocation to team members.”
Project official website: Link
Block explorer: Link
PIG Contact address: 0x8850d2c68c632e3b258e612abaa8fada7e6958e5
When Was PIG Token Launched?
PIG Coin first emerged in March, 2021.
How Does PIG Token Work?
PIG is a high-yield frictionless farming token with a unique reward and deflation mechanism, backed by its liquid transaction mining function. PIG token will receive and accumulate transaction interest dividends. The more PIG held, the more dividends will be distributed over time.
The supply of the token is controlled by a levy tax of 5% imposed on every transaction. Pig has a total circulation of 1,000 trillion, of which 560 trillion has been destroyed.
PIG token’s innovation is that for every user transfers across the network, a 5% “tax” (handling fee) will be deducted. The “tax” here is technically written in the block contract and cannot be changed. This tax is divided into three parts:
The first is to return 3% of 5% PIG to the mining pool, the second is to automatically destroy 1% of that 5%, and the third is to use the last 1% as “dividends”. It will be automatically distributed to users who hold Pig on the entire network. To receive dividend you need to have some PIG in your wallet.
PIG is an official blockchain project, because PIG’s rules and gameplay are written in the block and cannot be changed. This gives it a credible transparency.
To benefit from the dividend, simply purchase PIG into your wallet, and PIG’s block contract will automatically identify and distribute every dividend of the entire network to you according to the rules. No one can intervene in the whole process.
Let’s use the instance of you holding 1 billion PIGs. According to the current transaction volume of the entire network during the time of writing, your holdings can be divided into 10 million pigs per day, which is a rough estimate of 100 million pigs in ten days.
PIG token’s block address shows that over 253,000 people around the world hold PIG. As time goes by, the number of holders and transactions increases, and your dividends will increase at a rapid rate. Despite the price not ever exceeding $0.00000551, it is still profitable.
Due to the design of PIG’s unique reward and deflation mechanism, it also has the characteristics of liquid transaction mining.
The PIG in the long-term currency holder’s address will receive and accumulate transaction interest dividends.
Like the interest income obtained by depositing legal currency in the bank, whether long-term holding or trading circulation will generate income, it is particularly conducive to the allocation of personal and family assets, countering inflation, and realizing the steady increase of wealth assets.
Is PIG Finance Token a Good Investment?
In the melting pot of the currency circle, no matter what currency you hold, there is always a investment risk. However, the mechanism of PIG’s operation makes it a very good investment.
Despite 5% tax being deducted for each transaction of PIG tokens, 3% goes into the liquid pool and continues to be sold further expanding the pool. In other words, as long as someone trades PIG, the contract system will continue to circulate.
As a special asset class, PIG token is different from stocks or bonds and does not generate any predictable cash flow. The way most investors get returns is the price increase of PIG coins, so speculative bubbles are more likely to form.
Although PIG token is called a “coin”, because it is not an officially issued currency, it does not have monetary attributes such as statutory compensation and compulsion, nor is it a real currency. Like its fellow altcoins, the price of digital currency fluctuates greatly, so investors are adviced to please pay attention when trading.
How and Where to Buy PIG Token?
PIG token is only available on Binance Smart Chain, which means you will need to own BNB tokens to purchase the altcoin.
PIG token can be purchased on up to 17 platforms worldwide, but we have streamlined our list to the best options:
- Matcha Exchange
- BKEX Exchange
- LBank Exchange
PIG Finance NFT Farm
Pig Token owns the NFT farm, a service which is operated by Unifty.io, where users can mortgage PIG tokens or partner tokens to earn equivalent NFT. When users delegate tokens, they will earn points, which can be used to select the desired NFT.
In conclusion, it is pertinent to remind investors that before trading digital currencies, they must first control loss and profit. Many currency circles have just entered the currency market, and jumping on every trend is the fastest way to lose money.
Risk control is the first principle of trading. It is inevitable that there will be failures and errors in investments, therefore, the primary goal should be to put a stop to losses as soon as possible when the idea is wrong and stick to it when the direction is correct.
Mitrobe reminds everyone that investment is risky, and investors should prepare for drastic changes in currency value.
This article is not an investment suggestion. Please invest rationally.