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PTE

Peet is a decentralized platform on which users can collateralize assets they own to be represented on the blockchain as stores of value. Simply put this means transforming anything of value into usable collateral to earn returns.

What is PTE?

PTE is the core utility, staking, and governing asset for the Peet Platform. Currently PTE exists as a BEP-20 compliant BSC token, and through nuls/nerve, already exists on the top 5 most used blockchains. Supply management features of PTE will burn tokens as they leave one chain while simultaneously being created on a new chain.

What are the token mechanics of PTE?

PTE's smart contract has an overall tax, on every transaction, of 5%. Therefore, every time that our token is purchased, sold, or traded, 2% of that total amount is sent to the liquidity pool, 2% is returned to holders of PTE and 1% is burned. When PTE was first launched the total supply was 1,000,000. With this taxation mechanism that means that 1% of the total number of tokens purchased, sold, or traded during every transaction is sent to a dead wallet address and cannot be recovered, decreasing the total amount of PTE within the circulating supply and inherently increasing the value of each token. Less tokens in circulation, with a stable or increasing demand, ultimately means a higher value for each PTE token.