A cryptocurrency called PIG went live in March 2021. The PIG token claims to be an original black hole token. This cryptocurrency operates on the Binance Smart Chain and is one of the few cryptocurrencies discovered recently that disposes massive amounts of the total supply in circulation hence the name black hole. The token also has an auto liquidity feature and an NFT farm. There are many other features that will be explained below. PIG token has an exciting roadmap and currently has over 26,700 Telegram members, over 258,000 token holders and over 63,000 followers on Twitter.
At the launch of the token in March the black hole owned over 50% of the supply. Currently the black hole counts for one of the wallet holders that 2% of transactions are distributed to. By making the black hole a wallet holder this results in an accelerated growth of the black hole and a burn of the token supply. Over time the black hole will grow in overall ownership of the total supply making PIG tokens scarce. The liquidity is currently locked in PancakeSwap and ownership is linked to the burn address. 3% of every transaction is locked in the liquidity pool. Thus, theoretically creating a rising price floor. Team members didn’t receive a percentage of the initial tokens nor was there a presale. Unlike some other cryptocurrencies where holders must manually stake their coins for rewards, PIG token has implemented a safe auto farming feature. The safe auto farming feature re distributes 2% of all transactions to wallet holders of the PIG token automatically. Also, in the black hole algorithm transactions can’t involve more than 5 trillion tokens.
A unique aspect about this token is its NFT farm. This feature can make this coin very popular especially in the United States where pigs are already adored. This token has a unique NFT farm that allows holders to stake PIG tokens to earn points which can be used to purchase NFT’s. Over time more NFT’s will be uploaded to the platform and holders will be able to buy different NFT’s from other Binance Smart Chain coins.
According to Coinmarketcap the current price of $PIG is 0.00000009524. This token can be bought at Bitmart or PancakeSwap. This is one of the first types of cryptocurrencies that focuses on pigs and has a very interesting algorithm. It’s possible that current holders of the PIG token will be rewarded in the future. We will see how this token experiences its launch of its NFT platform and a listing on a major cryptocurrency exchange. The PIG community also has projects that it hopes to complete in the future such as a donation campaign, Vipig club and Pig merchandise.
References
“Pig Finance Price Today, Pig to USD Live, Marketcap and Chart.” CoinMarketCap, 2021, coinmarketcap.com/currencies/pig-finance/.
“Yield Generation Protocol.” Pig Token, pigtoken.finance/.
