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What Is Piston?(PSTN) Coin Review? Guide About Piston? 

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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

BasicPoints
Coin NamePiston
Short NamePSTN
Total Supply1,000,000,000
ExplorerClick Here To View
DocumentationView Document
WebsiteClick Here To Visit

How to Buy the Continental & Trade On Exchange?

First Step

Buying NEXO Is Very Easy Task . Just Find Exchange Where NEXO Available & Buy Through Your Credit & Other Altcoin .

Second Step

Once You Purchased NEXO. Now It Is Time To Store Your NEXO Or Start Trading 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.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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