Pastel price

PSL

#6679

Jeff Emanuel is the co-founder of Pastel. Prior to founding Pastel, he worked as a machine-learning and financial analyst in the hedge-fund world for over a decade. Emanuel has extensive knowledge about blockchain protocols, technology, and traditional finance along with a native understanding of rare digital collectibles communities. He studied mathetmatics at Reed University.

Alexey Kireyev is the co-founder of Pastel. For over 3 decades, he has worked as a developer and security specialist at a variety of Fortune 500 financial and technology institutions, managing hundreds of employees and building products serving millions of customers. Kireyev has deep knowledge of blockchain protocols, cryptoraphy, and security standards and has contributed to open-source projects like Bitcoin Private, Z-Cash, and Dash.

Anthony Georgiades is the co-founder of Pastel. He is also a General Partner at Innovating Capital, a major crypto fund that has incubated Pastel Network since inception. He previously spent time on the investment team at First Round Capital and on the operations teams of various technology startups in the blockchain and robotics space. He studied finance, management, and computer science and robotics at the University of Pennsylvania's Wharton and Engineering schools.

Certifiable authenticity. Permanent storage. Innovative infrastructure. Build, secure, and scale your NFT ecosystem with the Pastel Network.

Pastel Network is a fully decentralized, interoperable layer-1 blockchain serving as the preeminent protocol standard for non-fungible tokens ("NFTs") and Web3 technology.

Pastel powers layer-1 & layer-2 blockchains, decentralized applications (”dApps”), or third-party enterprises with next-generation infrastructure including NFT copymint protection, permanent data storage, and more. Lightweight protocols delivered via Web3 open APIs like Sense and Cascade can be easily integrated across existing ecosystems. A wide range of applications can be built directly on Pastel, enabling developers to enjoy the NFT primitives, composability, plug-and-play modules, and security of the broader network.

SuperNodes form the backbone of the Pastel Network. A scalable layer of high-powered validators connected to the core blockchain, SuperNodes are responsible for validating NFT transactions, operating the Sense and Cascade protocols, and governing the broader network.

1. Process Network Requests
2. Secure and Govern the Blockchain
3. Earn PSL via Staking and Transaction Fees

Want to learn more about SuperNodes? Check out our docs here.

Need help running aa SuperNode? Get help here.

The PSL token is highly deflationary. A large percentage of transaction fees are distributed to a cryptophically unspendable address, resulting in a dramatic reduction of the overall supply of PSL over time ("Proof of Burn"). Key network operations resulting in Proof of Burn include:

• PastelID Creation
• NFT Mints and Trades
• Sense and Cascade Transactions