PETS Token
Symbol: PETS
1 Trillion PETS Tokens Minted on BEP-20 standard of Binance SmartChain
PETS rewards holders while increasing in both liquidity, scarcity and value.
Disclaimer
This document is only for informational purposes and must not be deliberated, interpreted or construed to be a legal/financial/tax advice/instrument, or a solicitation to engage in any activity of financial nature or otherwise. This document referred to as the “PETS Token White paper” is neither an agreement nor should be treated as a basis of any kind of direct or indirect association with the PETS Project and/or any other component of the PETS ecosystem including but not limited to the PETS tokens, website, social channels, third-party associates, whatsoever. Readers are strictly advised to use their own discretion hereof.
Before reading the “PETS Token White paper” it is imperative that you understand:
that this document is only for informational purposes and is subject to modification and change. The power to change or modify this document lies solely with the PETS project team and it is discretionary.
that the document in no way an invitation to invest or associate with the PETS project in any manner.
that the PETS team excludes itself from any liability that may explicitly or inexplicably arise from anyone’s decision to invest, promote, or associate in any manner and capacity with the PETS project based on this document.
that figures, projections and claims made in the paper are sourced and only informational, they may or may not be an accurate representation and are subject to change.
that the redistribution or dissemination of this document in any form including but not limited to print and digital requires explicit permission from the PETS Project team.
Background
The exponential growth of the DeFi market marks the beginning of a new era in the history of decentralized currencies. It opens doors to a whole new world of possibilities, eliminating the role of conventional intermediaries like brokerages and banks by successfully leveraging the blockchain-based smart contracts. The fact that cryptocurrencies are inching towards mainstreaming is evident when top conventional wall street credit rating and index issuing institutions like S&P Dow Jones start publishing dedicated crypto investment index for investors.
The Defi market cap is well above $125 billion (as of april 2021) and is projected to grow by another 200% in the next 12 months. Commissioned research estimates over 2 million active cryptocurrency wallets globally have interacted with DeFi protocols. The actual numbers are expected to be much higher as many users rely on third parties. Top Defi tokens are already grossing an average of over $1 million daily.
While potentials are unfathomable, conventional barriers continue to haunt individual retail investors. Extreme market volatility and impermanent loss makes seemingly easy money making opportunities from crypto including staking and yield farming rather risky and thus, a difficult choice. Because, the majority of the market tends to revolve around institutional and corporate investors, we have yet to see a more robust and streamlined effort to create a full-proof solution dedicated to making profitable crypto ownership accessible to retail investors.
With the PETS project, we intend to fill the gaps, capitalize on improved underlying technical architectures, and deliver by efficiently leveraging the existing blockchain protocols. PETS is the ultimate solution, for a secure and stable opportunity to generate additional passive income with crypto ownership.
“Even if every single PETS holder sells, the price will not go to zero.”
Overview/Introduction (we can decide on a creative subheading instead)
PETS Token is a unique alternative to all existing go-to “make money from crypto” projects. It eliminates the most recurrent pain-points of retail investors who continue to struggle to create a no-fuss passive income for themselves with their crypto holdings. Investing in crypto and hoping to reap when the market is bullish is a bogus strategy, the market volatility and inconsistency always compound the risk factor. We know there is nothing called investor security as such. While Staking, Liquidity Mining and Yield farming all do appear to promise consistent returns, they offer no security against impermanent loss, market volatility and diminishing returns. We have carefully studied some of these pertinent problems facing crypto investors, and for us, it has taken almost over a year to fully conceptualize and test an alternative model that is better, more secure, seamless and consistent.
Capitalizing on the autonomous yield and liquidity generation protocol and leveraging the advanced Binanace chain, the PETS token lets users benefit from consistent rewards while concurrently increasing liquidity.
A Superior Alternative
To understand what should be a true alternative to Staking or Liquidity Mining we have to understand the associated challenges and limitations.
Staking is a great way to generate a passive income but let’s take a look at how it compares to PETS tokens.
“Whale free!”
“No mining, safe for the environment.”
With Defi and decentralized exchanges smashing all records, Liquidity mining is another popular method to gain profits leveraging crypto assets. However, leveraging tokens to liquidity pools to gain profits has some inherent problems that are embedded in the underlying mechanisms of AMMs. Impermanent Loss makes a dent in the profits and effectively the returns never turn out to be as expected. The fact that there is no way to avoid or effectively mitigate IL (Impermanent Loss) limits the prospects of liquidity mining being a true “passive income opportunity.”
PETS For Profitable Future
Is it possible to create a passive income with zero risks in the crypto market? The answer is Yes and No. There are tons of protocols offering claiming to be a Yes but at the same time, they play ostrich to the risks involved. We have already uncovered the risks associated with popular “passive income opportunities.”
PETS is not just another BEP 20 token. It is more about execution than innovation. PETS eliminates the pertinent risk factors and provides an advanced solution, a more robust alternative to existing protocols. The proof of ownership allows users to get rewarded. 2.5% of the transaction PETS are automatically distributed to token owners, without them having to get involved in any of the processes like staking or farming. It means one can keep earning tokens as long as one holds the PETS tokens in one wallet. The amount of earnings is directly proportional to the number of transactions providing the early adopters with the most benefits. As the number of transactions multiplicates the rewards increase proportionately. As the network grows, your profits grow.
Further, to support the protocol and make it effective, 2% of every transaction is automatically added to the liquidity pool. Native PETS tokens are converted to BNB/PETS LP Tokens, added to the liquidity pools and ownership of the tokens is then renounced by sending them to the burn address. It leads to creating a permanently increasing-price floor, while simultaneously creating a circulating supply of PETS that are locked in the liquidity pool during our initial 36% token burn at launch. This makes the protocol scalable as the liquidity pool will continuously increase, as the price of PETS rises with progressively diminishing supply.
PETS Token is a highly advanced and profitable protocol to generate risk-free passive income with your crypto investments. The Defi market is already becoming increasingly popular and the cardinal rule of the crypto markets is that the early adopters end up with the lion’s share of profits. PETS will be no exception.
Sustainable, Profitable And Greener Tokens
On top of a fixed 2.5% reward shared with token owners, PETS token holders will be proud owners of a greener cryptocurrency when compared with its other mainstream counterparts. The autonomous yield liquidity generation protocol driving the PETS tokens leverages the Binance Chain which is a PoS blockchain. The carbon footprints are significantly lower, in fact, it is negligible when compared with BTC mining or other tokens powered by a proof of work (PoW) consensus mechanism.
Also, 0.3 percent of the transaction PETS are reserved for monthly charity activities. PETS PROJECT charity pool will be donated to non-profit animal shelters that are voted on by our community.
TOKENOMICS
PETS Token Supply (PETS): 1 Trillion = 1,000,000,000,000
Launch Date Token Distribution:
0% Pre-sold
2% Total Reserved
1% Core Team Development Fund
1% Advertising / Marketing Team Fund
36% locked in LP Liquidity Tokens & burnt at launch
Liquidity has been locked for 10 years.
How and Where to Buy PETS Token (PETS)?
PETS token is now live on PancakeSwap. The token address for PETS is 0x644e4a2Eb5C40eda149a81f6881eEBf7b1066685.
Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked).
We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your smart chain wallet to cover the transaction fees.
https://www.dextools.io/app/pancakeswap/pair-explorer/0xd1703f73db508849fc31814cccbe6d53a76e8895
https://t.me/petstokenio
https://discord.gg/97fdYZnW
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