Pink Piggy was launched on April 30, 2022 on the Binance smart network. This is a community-driven cryptocurrency meme about a little pink pig, called Piggy.
What is special about Pink Piggy?
Pink Piggy has an average tax of 10% on purchase and sale, divided into three parts. The first is for liquidity and is 5%. The second is 3% and is mainly used for incineration events. From day one, the Pink Piggy team has worked hard to get the true value of their recognized token.
The fundamental desire of Pink Piggy - to bring together a strong community of investors who can believe in the project and in the outstanding ambitions of its team. PinkPiggy promotes 100% organic growth that remains manageable while remaining attentive to the needs of its community.
Tokenomics:
| General offer | 100 000 000 000 000 000 Piggy. |
| Fee | 10%. |
| Liquidity | 5%. |
| Marketing | 3%. |
| Reflection | 2%. |
With 100% organic growth and an impact level as close to zero as possible, the developers want to create the strongest community possible, as far as possible from any pump and dump vision.
The main functions of the project
Borrowing — a basic feature of the Piggy protocol that allows users to put $BNB into their own PiggyBank as collateral and borrow $PUSD, which is Piggy stablecoin. Collateral — any asset that a borrower must offer in order to obtain a loan and serve as collateral for a debt. Piggy currently only accepts $BNB as collateral. The protocol will only charge a one-time fee when borrowing.
The fundamental mechanism for maintaining the PUSD peg to the US dollar is redemption. When the market price of $PUSD falls below $1, arbitrageurs can buy back $1, worth of $PUSD from the protocol's riskiest piggy bank (the riskiest piggy bank is the lowest CR in the protocol). This will limit the supply of $PUSD in the market, causing the price of $PUSD to return to $1.00.
The stable pool serves as the first line of defense in securing the solvency of the system. It does this by acting as a source of liquidity to repay debt from liquidated PiggyBanks, ensuring that the entire supply of $PUSD is always secured.