What Is Piston?(PSTN)
Piston Coin is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency PISTON, to facilitate programmable payments and open financial infrastructure development. As of December 2020, the network has transacted an estimated $299 billion for over 2 million users.
A Binance Smart Chain (BSC) token built on best-in-class decentralized technology, PISTON was designed to run an ecosystem. Earn rewards by depositing your tokens in the PISTON RACE dashboard app.
Important Points Table Of Piston Coin
| Basic | Points |
|---|---|
| Coin Name | Piston |
| Short Name | PSTN |
| Total Supply | 1,000,000,000 |
| Explorer | Click Here To View |
| Documentation | View Document |
| Website | Click Here To Visit |
How to Buy the Continental & Trade On Exchange?
Bogged Finance
You can buy and sell PSTN on Bogged Finance at buy exchange fee of 10%. You can always use our SWAP Page to SWAP from BUSD to PSTN without the buy fee.
Piston Token
The token to run the ecosystem. Fully tradable and available to everyone.
- Built on Binance Smart Chain (BSC)
- Total Supply 1,000,000 PSTN
- 10% Tax on Buy *Exchange only
- 10% Tax on Sell
Buy/Sell fees:
1% burned 2% to liquidity (pancakeswap)3% to marketing / development4% to contract balance Referral reward system (Pit Crew Boosts) locks tokens out of circulation as a long-term deflationary measure. See whitepaper for details.
Piston Race
The ROI Dashboard App for depositing your PISTON Tokens.
- Earn 1% daily
- Max Payout 365% of your deposited amount
- Reinvest to maximize your APY
- 5% Direct referral reward system
- Withdraw initial investment*
Deposit fees:
5% to upline (round robin)5% to contract balance
Claim fee:
10% to contract balance*While many projects require you to permanently forfeit any deposits, you have seven days from the start of your race to fully exit the protocol, if you wish. See whitepaper for details.
Deflationary Measures
A limit is placed on the amount of rewards that can be earned through compounding, requiring new deposits to be made when the limit is reached (see “To incentivize a consistent inflow of value into the system” above).
The Pit Crew Boost system serves as a significant deflationary measure by locking up any tokens deposited into that system.
○ These tokens are completely removed from circulation, effectively reducing the supply.
○ The longer a user stays in the race, the more their network can grow, and the more downlines they can afford to access, which removes an ever-increasing number of PSTN tokens from circulation.
For more info about the Pit Crew Boost system, see “To incentivize bringing in new users through a network of referrals” above.
Whenever PSTN is purchased on an exchange, 1% of the PSTN amount is burned as part of the buy tax. Whenever PSTN is sold, whether through the Piston site or on an exchange, the sell tax includes a burn of 1% of the total amount.
These deflationary measures are designed to be quite powerful, especially in combination. In the unlikely event that minting of PSTN is ever needed, we will do so as required for the functioning of the protocol, but only to the degree that it is absolutely necessary. They pride ourselves on approach to supporting the value of PSTN through carefully crafted tokenomics.
WHALE RESISTANCE
There is an upper limit of 50,000 PSTN which can be distributed to a single account. When 50,000 PSTN have been distributed to a single account, all rewards will cease, including Boosts from the associated Pit Crew (and all PSTN deposited to access Pit Crew Boost levels may be withdrawn at this time).
By the time a whale has reached the 50,000 PSTN limit, they are likely getting massive amounts in Pit Crew Boosts. These will now be distributed among their Pit Crew, accelerating the progress of users spanning many levels below them.
This also shortens the period of time during which a whale can accumulate enough PSTN to make large transactions that negatively affect the price.
There is a dynamic whale tax, depending on how the total amount claimed compares to the max payout of 50,000 PSTN.
If the the total amount claimed is less than 4999 PSTN, the transaction will be subject to the standard 10% sell tax. Above that level, the claim taxes will be as follows.