That is right, I am going to explain in more detail why PTGC has been outperforming most crypto projects, and even out pacing the native token of the chain it is built on
You can click on #ssjcrypto or check out my last post to see the intro per say
So this will be a continuation of that post
This image might be a lot to digest at first.
But when you understand it, it makes more sense
Here, we have 5 tokens
PTGC
UFO
BURN
LIQUIDITY (LIQUID)
808
ENERGY (ENRG)
PTGC was the first of these coins to launch
If you might have noticed, these are all tax tokens
Tax tokens inherently aren’t something new, if I am not mistaken, one of the most popular tax tokens was SAFEMOON (SAFE), we all know how that turned out.
But this token was inspired by many tokens, and analyzed the negative aspects of those coins, and the cherry picked out the best part of those coins.
In this case, the premise is that we pay taxes everyday on everything, what if those taxes went to help out everyone in that ecosystem
So, what are the tokenomics for PTGC
Anytime someone buys, sells, or even transfers or adds LP, there will be a 5% tax as part of that transaction
You can see in the picture how that 5% is partitioned
0.5% liquidity, means pTGC gets paired with pls (native token of the chain pTGC is on, and those LP tokens are burnt)
0.5% burn, the ptgc that is burnt goes to the dead address
2% DAO, on the ptgc website you can make proposals of what happens with the funds (pls) that is accumulated in the DAO. So far, those funds have only been used to buy and burn PTGC, or to buy PTGC and another coin, weather its pls, plsx, inc or hex (all RH tokens) then that LP is burnt
1% holder staker reflection, this is ptgc that just shows up in your wallet for staking/holding your ptgc
1% staker reflection, this is only for stakers, will get into this
Now, you might be thinking. “Thats all nice and dandy, but if no one cares then no one will participate then so what, you have this dead coin with all these tokenomics…”
Sure, that is the first thing that most people think when introduced to a new crypto, the question of “why is THIS is special and not a rug or scam or etc”
Well, PTGC cannot be found at any centralized exchange
It is a purely defi token
This token wouldn’t work on Ethereum
It was built on pulsechain due to pulsechain being basically a copy of ethereum but with WAY cheaper fees
What this enables are the AMM bots
AMM = automated market maker
You ever notice sometimes that when bitcoin pumps 15%, almost everything else pumps around 15%
And when bitcoin crashed 10%, almost everything is in the red as well?
There isn’t some wizard behind the curtains pressing the buttons and pulling the levers for each coin…
Being paired with bitcoin, means you have a price in satoshis.
If Hive is, for example, 50,000 satoshis… and the price of bitcoin shoots up 50% like crazy. And then you look back and see hive is still 50,000 satoshis, then you can sell your hive and get 50% more dollars even though the price in satoshis hasn’t even moved
Now, there is a massive web
If someone sells down one pair, someone can sell higher somewhere else and buy back cheaper in the sold down pair.
So the TLDR of AMM bots is that its an arbitrage bot that looks for profitable trades based on the difference’s of prices between different pairs.
PTGC leverages this bot
By creating a massive liquidity web with most of the most liquid and most popular coins on that native chain:
Pls
Plsx
Inc
Hex
Pdai
Teddy bear
Etc
When those coins pump or dump, it creates arbitrage opportunities within the ptgc ecosystem liquidity web, so without a single human pressing the buy or sell button on ptgc, we have activity
Anytime the AMM interacts with the PTGC ecosystem, they pay the 5%
Why you might ask? Well, they are profiting off that trade, even with the 5% tax
And boom, that is how over 37 billion of the total 333,333,333,333 tokens have been burnt already, over 11.1% has been burnt.
Now, imagine this…
The AMM bot doing its thing therefore is pumping the coin, through buying and burning
Your reflections are dripped into your account, they just show up. This is not inflation, there is no inflation, all coins were minted at launch, no founder is holding a large amount, even if they were, the LP is so thick it can handle it.
The coin pumped when PLS was pumping back in march, pls went down but ptgc is killing it
And when you stake your coins, they stay in your wallet, you just have to unstake it to actually sell it, by keeping custody of your coins even when staking you do not have to worry about anyone draining some contract.
All was going good, then there was fire added to the flame
Introduce, BURN, LIQUID, 808
These tokens were airdropped to the PTGC community.
At this point the taxes are self explanatory but ask me something if you don’t understand any portion of it.
BURN and LIQUID outperformed 808, if you noticed those 2 pay out PLS rewards, which is nice, 808 doesnt have that
And BURN has outperformed LIQUID due to the 3% buy and burn which is really wild when you think about. BURN has its own little niche community
Some people say PTGC is Goku, UFO is Vegeta, and BURN is Broly hahaha
Energy came later, even the founders said “don’t buy it, we are just throwing it in there to further amplify ptgc through the AMM bots”
Then UFO came out
UFO seems to be just as loved as PTGC, even though PTGC is still the main focus
UFO changes things up a bit
It’s the only token that has a 6% tax instead of 5%
As you can see 1% goes to buy and burn ptgc, and 1% goes to buy and burn itself (UFO)
1% is reflected out to UFO holders, just showing up in their balance
So UFO created their own way of interacting with V2 PulseX (pulsechains version of Uniswap)
By providing LP through the grays website, you do not have to pay the 6% tax for LP’ing
All the UFO liquidity is community provided, and the coins were airdropped to the ptgc staker class
You can see which pairs you can provide to, the thing is, everyone thinks you should put into the pair with the most volume, but no, regardless of which pair you put your LP into, you get your share of those 3% lp rewards given to Liquidity providers
All this creates massive AMM activity which is a baseline growth the tokens have without any human interaction.
But when people show up and press the buy or sell button it just increases that base level activity
When some user does a $10,000 PTGC market buy, $500 is the tax
$100 is spilt between the stakers
$100 is split between the holders/stakers
$200 funds the DAO
$50 is used to buy and burn ptgc
$50 is used to pair ptgc/pls and burn that LP
When volume inevitability picks up again, this ecosystem is primed to pump high
The thick LP keeps getting thicker, only those who currently have ptgc can sell into that LP, and the native token pls is primed to pump as well… so the millions of $ in LP can easily become way more.
Again, I am not telling you what to do, I do not know your financial situation and I am not your financial advisor. Do a lot more research before buying anything, too many times I see people in their telegram chat saying “I sent ptgc from one wallet to another and now I am missing tokens”, and having to read 10 people tell him that the 5% tax includes transfers
I still love hive, and I love Leo, the #inleo team seems to understand the power of LP and buy and burns. Which makes me feel more aligned with LEO over anyone else in the Hive ecosystem
If you do end up doing your own research let me know in the comments.
Some people see ptgc as a PLS index fund on steroids…
So far, it fits that description 100%, lets see how it does for the next year, 3 years… 5 years…