Pig Finance is a decentralized finance (DeFi) token that operates on the Binance Smart Chain. It's a community-driven project that aims to provide users with a secure and profitable platform for cryptocurrency investments. The token's unique feature is that it rewards holders with a percentage of each transaction, encouraging long-term holding.
Pig Finance is a community-led project, meaning it doesn't have a specific creator or owner. It's run by a team of volunteers who contribute to the project in various ways, such as developing the platform, marketing the token, and moderating the community. The project's open-source nature allows anyone with the necessary skills and interest to contribute.
The token supply of Pig Finance is vast, with a total supply of 100 quadrillion tokens. A significant portion of these tokens were burned at launch, reducing the supply and increasing the value of the remaining tokens. The token also implements a burn mechanism, where a percentage of each transaction is burned, further reducing the supply over time.
Pig Finance tokens can be purchased on several decentralized exchanges that operate on the Binance Smart Chain. These include PancakeSwap, the most popular decentralized exchange on the network. To purchase the tokens, you'll need to have Binance Coin (BNB) in your wallet, which you can swap for Pig Finance tokens on the exchange.
Pig Finance is primarily used as an investment and a means of earning passive income. By holding the tokens in your wallet, you receive a portion of the transaction fees from each transaction. This mechanism, known as reflection, allows you to accumulate more tokens over time. The token is also used for transactions within the Pig Finance ecosystem, such as participating in liquidity pools or staking.
In terms of recent developments, Pig Finance has made several significant strides. The project recently launched its own swap platform, allowing users to trade directly on the site. This development has made it easier for users to acquire the token and participate in the ecosystem. The team has also been working on a lottery system, which will provide another use case for the token and a fun way for holders to potentially earn more rewards.
Pig Finance is a unique digital currency that offers frictionless yield farming. This means that it allows users to earn returns on their investment without the usual complications associated with such activities. It's a high-yield token, meaning it has the potential to offer substantial returns.
One of the key features of Pig Finance is the 5% tax on every transaction. This tax is divided, with 3% being locked in liquidity, and the remaining 2% being distributed to holders of the Pig token. The distribution is proportional to the amount of Pig token held, so the more you hold, the more you earn.
Pig Finance has taken a novel approach to managing its supply. Half of the total supply of the Pig token has been sent to what's known as the 'Black Hole'. This is a strategy to manage the number of tokens in circulation and can have an impact on the token's value.
As a digital currency, Pig Finance can be purchased on various online platforms that support cryptocurrencies. It's important to do your research and choose a reputable platform to ensure the security of your investment.