What is Pitbull Token and how to exchange PIT at the best rates
Pitbull

Pitbull

 PIT

Lately, a lot of meme coins have been making a name for themselves in the industry for being community-oriented. Pitbull token is the latest 100% community-driven, dog-themed crypto asset on the scene that has aroused a lot of interest and expectations. What are Pitbull token and its project key features making it stand out from the crowd? Captivating? Keep on reading! Here, you’ll grab the gist of Pitbull as well as learn how to exchange PIT at the best rate.

Pitbull Exchange Rate

PIT by TradingView

What is Pitbull Crypto?

Pitbull crypto is a 100% community-driven, dog-themed cryptocurrency on the Binance Smart Chain (BSC). Launched on March 17th, 2021, the Pitbull project had its ownership renounced and given over to the community. Since then, its growth, development, and performance have been overseen and improved upon by a bunch of volunteers within its community. These volunteers are what have made Pitbull grow into an inspirational model, representative of community-driven success. So far, Pitbull has managed to attract over 140,000 followers on both Twitter and Telegram.

Ever since its inception, Pitbull has been exclusively developed and improved upon by its community members. Its massive success has been made possible thanks to the massive contribution from talented writers, designers, influencers, graphic designers, marketers, among others.

The Pitbull token is a representation of just how far the blockchain community can go in such a short amount of time. Every single Pitbull community member has a voice in the progress of the project and they can all take part in enhancing it. Gradually, thanks to the input of all community members, Pitbull has become visible on major social media platforms such as YouTube, Twitter, Tiktok, etc. In this article, we take a look at all the major details about Pitbull, including how you can buy it using crypto.

Key Features of Pitbull Token

Below are some of the most stand-out features of the Pitbull token. They include:

  • Security: Pitbull’s ownership was fully renounced and given over to the community. Additionally, every token transaction contributes to a liquidity pool that’s locked forever. Not to mention, half of the total supply has been burnt and sent to a dead address at the beginning. The $PIT team consists of volunteers who are also invested in the project.
  • Transparency: New volunteers are constantly being added to the $PIT team to ensure that there’s community representation. Additionally, community voting is also conducted on a regular basis to ensure the best direction of the project. For instance, community votes help decide how to allocate funds, which shelters to donate to, which exchanges to focus on, and even the project’s logo.

Pitbull Token: Tokenomics

The total supply of Pitbull coins is 100 quadrillion. Out of this amount, 50% was burnt and sent to a dead address before release. The PIT coin has a maximum limit of 500 trillion per trade with each trade being taxed at 4%. 2% is distributed to all PIT holders while the rest is sent to the burn address and locked forever. Since its inception, over 57% of all PIT total supply has been burnt.

Pitbull Community Wallet

The Pitbull team has a community wallet that members can donate to so that they can build the project. The wallet has a multi-sig protection ensuring that only multiple individuals are required to approve any transaction. Through the community wallet, Pitbull has been able to fund a lot of activities for Pitbull such as:

  • $20,000 for Whitebit
  • $15,000 for Hotbit
  • $7,000 for CoinTiger promotion and listing
  • $5,400 for index listing
  • $3,250 for Pricebot & UniRocket advertisements.
  • Donations for RoldaORG, a non-profit dog shelter in Romania & Bullied In Need, a shelter for rescuing Pitbulls in Canada.

PIT Ecosystem

The PIT team is constantly working towards bringing new utility to the PIT ecosystem. Some of the various projects being released or underway include:

  • PitTracker: PIT investors use this tracker to see just how much they have accrued from the auto-staking rewards.
  • PitCharts: An analysis tool that helps chart all the tokens on the Binance Smart Chain.
  • PitFarm: This project will allow users to stake PIT-BNB for points to redeem official Pitbull NFTs. These NFTs will be traded in the marketplace with funds raised going towards charity, project development, and burning $PIT.
  • PitSwap: This is an automated market maker tool that allows for an easier trading experience for investors to purchase PIT.
  • PitStore: This is the official Pitbull merch store where users can purchase merch using USD.
  • PitFund: A fundraising platform which will use PIT as currency to offer support to those in need.
  • PitGames: This is a section of the official Pitbull site that will allow users to play games in-browser.

Pitbull Token Roadmap

There is no doubt that the Pitbull Token has done something that has never been done before. $PIT is the first 100% community-driven project that has attracted a lot of attention and success. The project still has bigger ambitions as it has a number of projects underway full of NFTs, merchandise, and so much more. Additionally, Pitbull has partnered with a number of charitable organizations that they donate to, to help dogs and Pitbulls in need.

PIT Partnership

PIT has partnered with Kennel to Couch, a non-profit organization that teams up with shelters and community partners to save Pitbulls at risk. They also provide support and provide incentives necessary to encourage the adoption of their sponsored Pitbulls. Plans are underway to implement tools that allow automatic donations to be made to Kennel to Couch whenever users buy certain PIT NFTs, Merch, etc.

How to Buy PIT with Crypto?

If you are interested in buying some PIT tokens, then you’ve come to the right place. At Swapzone, we offer the best PIT exchange rates on the market. Thanks to active collaborations with some of our partners, we make sure that you get the best exchange rate offers, without any hidden fees.

Here is a detailed tutorial of how to buy PIT tokens using crypto on Swapzone:

  • Step 1. Go to the Swapzone website.
  • Step 2. Choose the pairing you want to exchange. For example, the BTC to PIT pairing.
  • Step 3. Add the amount of BTC you want to exchange for the Pitbull coin, and Swapzone will offer you the best rates from multiple exchanges and show the number of PIT you will get for your BTC.
  • Step 4. Next, click on the “Exchange” button, which will ask you to add the address you want your new tokens to be sent to.
  • Step 5. Click on “Proceed with the Exchange,” and Swapzone will show you the reviews of the exchange website you selected to buy from.
  • Step 6. Now, wait until the deposit is completed by the exchange and the trade is made.
  • Step 7. Finally, rate the exchange partner and leave a review if you want, so users will know which is the best.

Popular pairs to convert Pitbull

Frequently asked questions

What is the Pitbull exchange rate?

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An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.

There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.

Where to find the lowest transaction fees?

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Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.

If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.

What is average transaction time?

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Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.

The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.

The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.

How to choose a cryptocurrency wallet to store Pitbull?

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To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.

There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.

If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.

What is the best cryptocurrency exchange for beginners?

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There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.

To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.

What is Swapzone?

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Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.

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Learn how to exchange cryptocurrency with the lowest fees or zero fees as well as how to find the best crypto exchange rates and choose the safest cryptocurrency exchange provider.