BitWell AMA | Introducing Pitbull :
BIG Milestone LIVE NOW

4 min readJun 28, 2022

On Jun 28th, Max,from Pitbull community, visited the BitWell community and brought a wonderful sharing with the theme “BitWell × Pitbull AMA / NFT rewards, BIG Milestone LIVE NOW”.

The following is a review of the full content of this community sharing!

Host Q&A

1. Could you please give us a brief introduction of the Pitbull?

Pitbull is a 100% community driven token born on BSC (now BNBChain) on 17/03/2021; as of today, it stands as one of the biggest and oldest project on former Binance Smart Chain.

Pit’s smart contract has been renounced prior to launch, then over time a team of volunteers from the community, ranging from web developers to designers and writers, picked it up and built the entire eco-system that is behind it
As of today, we have a huge community with more than 500k holders, 170k followers on our Twitter account and 50k on our TG’s official group (all this in just a bit more than a year, since Pitbull was born on 17/03/2021)

2. Could you now give us an insight into the tokenomics and Ecosystem of PIT?

Tokenomics are as follows: 2% of every transaction (buy,sell and transfer) goes to holders, 2% goes to the dead address:

- Passive Income

2% of each transaction is automatically distributed to holders. This grants PIT’s investors continual rewards for holding.

- Constant Burning

The smart contract burns 2% of each transaction automatically, which adds liquidity in the dead address; contract is also locked forever.

The supply is decreasing on every transaction so there will always be less tokens available; on top of that this creates an higher floor for investors. With that in mind, this makes Pit a great long term investment.
So far, 59,8% of the total supply has been burnt by transactions, so only 40% of it will be in circulation soon.

Pit is also the top burner (BNB value) in the entire BNBChain, with more than 190k BNB (!) burnt since its birth.

3. Does Pitbull have any exciting initiatives that are planned for PIT token in the pipeline?

Multiple. We just released our biggest NFTs collection to date, #PITBULLERS, which was a success; we are looking into developing a p2e game where players can play with the NFTs they bought as characters.

Another usecase we’re currently developing is PitDonate where, in collaboration with our partner NowPayments, users will be able to donate to charities from all over the world.

Our own magazine, PitMag, is also almost ready to come out in its 3rd version, translated in multiple languages for our readers that do not speak english.

We have created our own anthem and another song is coming out (a sneak peek is coming out this week on our Twitter);
Lastly, we just started building our own marketplace.

Community Live Q&A

1.Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?

What you said it’s true, there’s too many project that promise a lot.
I think Pit, as one of the oldest tokens in the entire BNBChain, proved that no matter the market conditions, it still delivers everything promised.
We are about to complete our latest roadmap and a second one is being made right now.
This and the fact that we are 100% community driven makes Pitbull different from other projects

2. Where can I buy your $PIT Token now. What are your current contracts, and how can I buy them and what are the benefits?

This is where you can currently purchase Pitbull, but we’re expanding every day

3. Are Pitbull smart contracts audited ?

Yes we have an audit by Techrate which you can find on our website:

http://pitbull.community/

4. IS This Your project only for elite investors, how about others with small funds, is it open to everyone?

Absolutely not, we are working hard to make Pitbull easy to purchase everywhere; this token was born for the community and it will be that way forever.
Everyone is free to buy and join our ever-growing community!

5. How do PITBULL plan to spread awareness about your project in different countries where English is not spoken well? Do you have local communities for them to let them better understand about your project?

We do have local communities for people that do not speak english: other than our main TG channel we have separate channels with communities from all over the world: Germany, France, Turkey, Italy, China etc.
Other than that, we also have turkish/german/chinese/italian etc. Twitter channels.
And that’s not all: our own magazine is translated in more than 5 languages!

Pitbull Official Media Channels

Website|Telegram|Twitter|Medium|Reddit

Please click the following links for further information about BitWell:

Twitter | Telegram (Official) | Telegram (Announcements)

Visit us on https://www.bitwellex.com/

BitWell AMA | Introducing Pitbull :BIG Milestone LIVE NOW

Written by BitWell

BitWell AMA | Introducing Pitbull :
BIG Milestone LIVE NOW