Project Rundown Interview with Pitbull Community
Hey guys! Happy to connect today and learn more about the Pitbull Community! Can you tell us more about the founding of the project and what the problem is that you were addressing?
Hi, Dear Capital Team. Thanks for reaching out for this interview. We are glad to find an opportunity to talk about Pitbull after The Capital review on $PIT.
Regarding the foundation of the project, we would like to start by stating that it is a completely community-driven project with the developer relinquishing ownership at the inception of the project. There are no individuals or groups that we can name as founder/CEO/Dev involved in the process of project development.
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. 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, exciting age of the Social Blockchain. Every day new volunteers join the team and share their skills with the community to improve the project.
Thanks to Pitbull’s unique functioning, investors can share and implement their ideas first-hand. With the blockchain technology and community ownership feature, Pitbull is aiming to evolve into a governance token in the future.
Could you please give us a rundown of the most important things about the Pitbull Community?
Starting from the creation of a logo, the launch of the website, and social media outreaches, Community has accomplished success on the ecosystem, social media, and Binance Smart Chain in a short time. Currently, Pitbull has reached 281K+ holders. Contract`s secure concept, audit report, locked liquidity, constant automatic distribution to holders with every transaction, use cases, partnerships are important key points of Pitbull.
Project ideas of the community have come to life in the ecosystem. Please let us share our projects, following are the use cases developed so far:
PitSwap : https://swap.pitbull.community
PitFarm : https://farm.pitbull.community
The funds from NFT sales are distributed as follows:
15% goes to marketing
15% goes to shelter donations
60% is sent to the PIT liquidity pool
10% for the minting and designing process
PitCharts & PitTracker are both being integrated to the upcoming PitStop platform
PitStop
A special platform where all $PIT tools can be accessed on a single page & a social network defined by one’s address Users can;
- Open charts
- Track $PIT Holdings & Earnings
- Connect to PitSwap
- Connect to PitLottery and play
PitLottery
PitLottery is a unique game~lottery where users can win more $PIT tokens by purchasing tickets with their $PIT holdings.
PitSafe, an Ultimate Dapp by Pitbull
PitSafe is a comprehensive BSC DeFi Asset Manager. PitSafe offers exciting products for BSC token developers and investors. PITSAFE, DeFi Asset Manager aiming to secure investors, not only of Pitbull but any project`s investors. Starting from BSC, PitSafe will cover Ethereum, Solana, Polygon, KucoinChain, Cardano, and more in the next quarters following the roadmap. We have celebrated $PIT`s 6th month with this new comprehensive product!
More info on Medium Article about this amazing Dapp by Pitbull
Planning/Building
PitMag (soon)
PitMag [PitMagazine] is the first communication media created by a Token, one of a kind, with the aim of informing about new milestones and news that impact the world and cryptocurrencies.
Our bilingual magazine, in downloadable PDF format and webzine, will deliver all kinds of useful information for all crypto communities in general, from special interviews, news from around the world, market analysis, cutting-edge NFTs, and big surprises for our community every month. Developed by the Pitbull community team for everyone.
We would be happy when PitMag is live, we can conduct an interview with the amazing The Capital team!
PitGames
PitFund
And many others are being planned.
Pitbull is safe by design. It is an ownership-renounced token with each buy and sells automatically contributing to a liquidity pool that is locked forever. Furthermore, half of the total supply was burnt into a dead address in the project’s beginning. It is impossible to modify Pitbull’s contract, and it is impossible to pull liquidity from it.
As per the contract, Pitbull holders automatically receive a distribution of 2% of each transaction of the Pitbull token. This function is a unique and easy way for holders to receive rewards directly to their wallets 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. You can earn passive income while just holding without stake Pitbull on any other platform.
So going forth into 2021 and beyond, how will the Pitbull Community make an impact in crypto space, or on the world?
With the rise of the Binance Smart Chain, Pitbull is planning to stand solid and create more exposure in this network. The Pitbull Team hopes to evolve PIT into a governance system based on PIT holdings in the BSC network. 2021 is a year of cryptocurrency and blockchain technology. It has gained massive popularity this year. Pitbull has also emerged and contributed to the blockchain by developing Dapps and use cases back in the early stages of 2021. With the dedicated team and community, Pitbull is a long-term project that will be improving a lot.
The goal is to reach a $1B Market cap and beyond for PIT before the end of this year.
Besides that, we try to create new use case’s so that when the DeFi space gets active again, people will start to join the safest projects with the best use cases. For example; which other tokens have a magazine… I guess we are the first and only ones!
We also have big NFT collaborations and strategic partnerships. 3D NFT series are on the way. This will have a big impact on marketing and a big help to the community wallet from the revenue of NFT sales.
Now, could you tell us about the Pitbull Community’s accomplishments so far, please tell us what you are most proud of.
The community’s sense of embracing the Pitbull is what we and investors are most proud of.
The strength of Pitbull is derived from its volunteer community and creative team. As its name, Pitbull is standing with solid basis thanks to use cases in the Ecosystem.
The volunteer software and web development team are constantly working to bring new utilities to PIT. Despite being only about three months old, there are already various projects released and underway by delivering what the community asks
Additionally, here are some blockchain and social accomplishments about PIT.
PIT has repeatedly placed among the top 20 tokens on bscscan.com’s TopStats regarding transactions value/unique senders.
PIT is the top 1 project on coin98 in June and was among the top 10 BSC projects on coin98 platform running the market and most traded in May.
PIT has reached the #1 spot on StockTwits’ trending, as well as in the top 10 most active users. Stocktwits shared this with a tweet on Stocktwits official Twitter account.
Pitbull`s Litepaper has evolved into Whitepaper in the 3rd month of the project. Currently, there are 6 different languages of the whitepaper. More languages are coming soon for different parts of our communities.
PITBURN: A special event aiming to reduce PIT supply faster with a reward system to participants by sending a specific reasonable amount of tokens. 1st session of PitBurn was held in August and according to feedback, the community loved this event a lot. We are sure we will be organizing this more frequently.
Locked and secured contract enables PIT to be one of the safest projects in the BSC network, however thanks to the PitBurn system, the community can cross this line participating voluntarily to help projects grow faster by having a chance to win PIT token as well. For the next rounds, besides the burning and reward, we are planning to include a share from this fund for the community wallet in favor of Pitbull.
Now, give us a quick rundown of the future of the Pitbull Community. For example, what new things are you seeking to bring to life and what will it mean for the overall project?
Besides the current use cases and projects, the team is planning to launch new use cases. PitStop and PitSafe are the most outstanding Pitbull projects. Pitbull is building strong fundamentals steadily in the blockchain. PitStop will be a platform to connect all PIT tools into one easy webpage. A social network that is defined by one’s wallet address. Another planning project is having a snapshot account for the community where investors can create proposals and vote for the project`s sake.
There are also more use case ideas developing in the background.
PitFund (Planning)
This will be a fundraising platform that utilizes PIT as a currency to support those in need. A small service fee will be taken from each donation which will go to the Pitbull community fund wallet.
PitGames (Planning)
A section on the Pitbull website that will allow you to play a variety of games in-browser, including a card trading game and potentially a lottery game.
Tell us about your team. Who’re the people behind the screens?
Because the ownership of Pitbull was renounced upon creation, the Pitbull Team is composed entirely of volunteers. Since the creation of Pitbull Token, the contract developer has not been involved in the process. As the half of total supply has been locked upon creation with smart contract, Pitbull is quite secure. Community and volunteer investors have taken the responsibility and 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.
Which partnerships have Pitbull Community-engaged so far, and which ones are the most impactful?
Our Strategic Partnerships so far:
Friction Finance (TAO Token)
Tao token is a unique mintless self-sustaining AMM yield aggregator and a marketplace for Tao’s NFT loot boxes on Binance Smart Chain. Tao provides a platform for PIT-BNB LP farming through their friction.finance website. Liquidity providers will be rewarded with Tao tokens and still receive the 2% redistribution fee. A Pitbull analytics dashboard is also built and integrated into Tao’s ecosystem at https://pitbull.friction.finance/home where our investors can follow the insight of PIT such as daily distribution, burn token percentage, estimated APY, etc.
Slam Token, Strategic Gaming Collaboration on SlamCrash platform
Slam is a crypto platform with a wide ecosystem. The collaboration covers listing on SlamCrash to bring new utility for $PIT. 50% of $PIT bankroll goes Pitbull Community Wallet, as a new revenue source for project’s development
While multiplying your $PIT with game.
Charity Partnership: Partnerships that we are giving most attention to
Kennel to Couch https://kenneltocouch.org/
Pitbull (PIT) is the official token for Kennel to Couch crypto donations. https://kenneltocouch.org/2021/05/crypto-sponsor-pit-token
Kennel to Couch is a non-profit organization that teams with shelters and community partners to save at-risk pitbulls and provide the support and incentives needed to encourage the adoption of their sponsored pitbulls. We will keep supporting our partner in this good cause and create awareness for pitbulls.
RoldaORG, Bullies in need, and others are in our contact for donations.
Now on a more technical side of things, what are the coin metrics for $PIT, and how do these lead to a stable and balanced system?
As for coin metrics, as more time goes and more trades happen. We have a mechanism of blackhole burning and added liquidity from trading fees that will stabilize and balance volatility with the added liquidity as well increase the token scarcity and exponential burn rate with the black hole mechanics of redistribution to all holders including blackhole (burn address)
As of October 2021;
%58,04 of total supply has been burnt and keeps burning by transactions.
281,000 holders
812,190 transactions
If people would like to follow Pitbull Community on your social media pages, visit your website or read your important documents like your white paper, what are the links they need to visit? Please list them below.
Here is the recently updated website for our users. https://www.pitbull.community/
They can find connections to our platform and all related information to the project. For more technical details, contract security, and ecosystem, we are glad to present Whitepaper: https://github.com/pitbullBSC/documents/blob/main/FINAL%20Pitbull%20Whitepaper%20English%20v.01.pdf
Twitter : https://twitter.com/BscPitbull
Telegram : https://t.me/Pitbull_BSC
Medium : https://medium.com/pit-bsc-community
Reddit : https://www.reddit.com/r/pitbulltoken/
Facebook : https://www.facebook.com/Pitbull-Token-Community-105251538446526
Discord : https://discord.com/invite/b2Fk6zxfD4
Weibo : http://weibo.com/pitbulltoken
Twitch : https://www.twitch.tv/pitbullbsc
YouTube : https://www.youtube.com/channel/UCU6cga_nxaKxhkaH2T7RSkw
Thank you so much for your time! Do you have anything to add before we finish?
Hold….
Note: This interview was published by Capital Team.
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