Overview
Decentralized Finance (DeFi) is emerging as the latest business model in the world of finance. Cryptocurrencies are being actively used in DeFi projects across the globe. Most DeFi projects currently exist on the Ethereum network. While Ethereum is an established network, ETH projects have high costs, including higher transaction fees for DeFi users. To save investors from high ETH gas fees, Binance Smart Chain assets, such as PTE, are becoming popular. Peet DeFi is one of the latest crypto funding programs to differentiate itself through developing multiple channels. Peet DeFi runs on the Binance Smart Chain; and with it’s high accessibility, is helping millions realize their efforts to earn the highest possible returns on their crypto assets, though concurrently building an ecosystem focused on Yield Farming and Crypto Security.
What is Peet?
Peet is the name given to the PTE token in the Peet DeFi Platform and it is traded on the Binance Smart Chain. It will also be used intra-platform across the suite of Peet Platform ecosystem offerings. The cryptocurrency, PTE, helps in operating the digital finance business on the Binance Smart Chain blockchain. As of July 11 2021, the value of 1 PTE token was $1.0939217261487. Peet DeFi currently supplies around 964,000. They are gaining circulation every day, and the ATH of Peet DeFi reached $5 organically. Peet is being traded exclusively on three active crypto markets. In this month alone, around $50,000 worth of PTE tokens are being traded daily.
How does Peet DeFi work?
The Peet DeFi platform seeks to empower users seeking real-world generation of crypto wealth, and seeks to put an end to all crypto scams. The platform also aims to provide real-world asset collateralization, and focuses on maximized ROI through staking PTE, the native cryptocurrency token of the Peet DeFi platform, and as well as other cryptocurrencies.
The staking mechanism of Peet DeFi works on integrated yield farming. Yield farming is a unique way of allowing users to lend their crypto assets for various DeFi projects and gain high returns from these investments. Through current and future partnerships the possibilities for maximized ROI are limitless.
Peet holders automatically earn rewards on a per-transaction basis through the redistribution mechanism encoded into the PTE smart contract.
The Peet Platform and Security
Investing carries inherent financial risks. When people are robbed of assets in the world, misled by false information or scammed, they may go to the police or authorities. When investors are robbed in the crypto space, they have nowhere to go and no recourse. The Peet Platform will provide a revolutionary social component where investors can participate in a reporting system. The Peet rewards system will be integrated with the community in mind and implement multiple channels through which to participate and earn. The grassroots efforts by our community will be rewarded based on the level and quality of contributions. Users will be rewarded in either PTE tokens and/or other available alt coins for reaching milestones. If investors are scammed, they may earn points in our ranking system. Those that spend the time and effort proving (irrefutably) that they were scammed will earn immediate assets rewards (in addition to the points rewards). Once we have manually verified that any given contract, company, or specific user is a scammer, they will be blacklisted. After any given contract, company, or specific user is placed on the blacklist, we will inform all of the appropriate parties of the scam. For example, if a scam project is listed on CMC and Coingecko, then we will inform them of the scam as part of our partnership and ongoing fight against scams.
Key Features of Peet DeFi
- The Peet DeFi ecosystem aims to minimize fees for off-chain transactions and maximize staking yield ROI.
- The Peet DeFi platform will revolutionize the crypto world by ending all crypto scams and providing an authoritative outlet for victims.
Advantages and Disadvantages of Peet
Pros
- Peet DeFi is an adaptable platform for decentralized crypto financing.
- The DeFi project is designed to be scalable.
- PTE tokens showcase the least resistance when integrated into a new blockchain.
- The platform aims to charge the lowest fees compared to other DeFi projects.
- It is the most clearly-defined DeFi project with optimization and long-term goals.
Cons
- The Peet DeFi project is young.
- The platform does not yet help in selling back arbitrary tokens.
Getting Started with Peet
To start with Peet DeFi, users need to purchase PTE tokens from crypto finance exchanges such as Hotbit, Nuls, or Pancake Swap. These exchanges allow users to swap their crypto coins for PTE tokens. Anyone with the PTE token can start using the implemented DeFi features of the platform. The platform also ensures that the users do not create fake swaps of tokens. This helps in barricading tokens that are not actually supporting DeFi projects. The public can also visit our merchandise store for great Peet DeFi items.
Buying Cryptos with Peet
The core function of Peet DeFi is enabling users to purchase ecosystem tokens, and utilize these assets to gain a maximal ROI. With PTE staking and utility governance, the platform promotes crypto-asset adoption. Users can buy cryptos such as the PTE token, and utilize the functionality of the Peet Platform.
Peet Staking App
The PTE staking app is being developed for users of the Peet DeFi platform. The app also will enable multi-blockchain staking. This supports one of the core functions of the PTE utility token, and enables the benefits of maximal yield farming. It allows users to put their Peet ecosystem assets to work across multiple DeFi projects. As a result, users can earn the highest possible returns on their PTE assets. At the same time, they pay the lowest possible fees on these transactions.
PTE Token
PTE is the core utility token of the Peet DeFi project. It is used for staking, as well as yield farming. The PTE token is also the governing asset for the Peet platform. With PTE, users can swap BEP-20 compliant BSC tokens. This token already exists on various blockchains. The supply management features of the PTE token has an integrated 5% per transaction tax broken down as follows. Per transaction, 2% is sent to the liquidity pool, 2% is redistributed to holders (inherently increasing the amount of PTE held by each holder over time) and 1% is burned. The total supply of PTE is 1,000,000. However, the circulating supply is diminishing over time due to the built-in automatic burn feature of the token. This feature makes PTE a high-value crypto token.
PTE Offers and Promotions
The Peet DeFi platform offers liquidity rewards. These are additional returns paid to the users who provide additional liquidity via the Pancakeswap staking pool. The platform also provides promotional offers for the additional distribution of PTE tokens.
Future Plans of Peet DeFi
The Peet staking app is coming soon. This is a significant announcement for PTE holders. With the launch of this PTE staking app, users can earn even more rewards paid in additional tokens. The Peet liquidity rewards system is being developed to be integrated into multiple blockchains (multi-blockchain staking). The platform is also developing and launching its Crypto Authority to help users invest in cryptos with the least financial risk and both mitigate and rectify assets they have been robbed of by scammers.
Peet Customer Support
If investors are scammed, the customer support team at Peet DeFi helps them use the Peet Platform reporting system. It will report fraud and work with authorities to report scammers and form a database of known criminals. The support team maintains a manually verified blacklist where all scammers are barred at every online gateway on the Peet DeFi project. In addition, the support team actively works to educate users on how to be savvy investors in the world of cryptocurrency.
Conclusion
To conclude this Peet DeFi review, the platform holds the solid potential of allowing users to become more financially independent and educated. The Peet staking app brings a huge advantage to the staking community. The multi-chain support of PTE tokens and the liquidity rewards make Peet a highly sought-after DeFi project. In the future, Peet DeFi will bring more users to the crypto space compared to other DeFi projects, as well as help stop all scams.
FAQs on Peet DeFi
Here are the answers to some common questions on the Peet (PTE) DeFi platform.
What are the Tokenomics of PTE?
The PTE transactions are charged with a 5% tax deduction, a 2% contribution to liquidity, and a 2% redistribution to the holders. 1% of the PTE token is burned with every transaction.
What exchanges is the PTE Listed on?
PTE tokens are listed on Hotbit, Pancakeswap, Bogged Finance, and Nuls/Nerve.
Why is PTE selling NFTs?
NFTs are non-fungible tokens, and they serve as valuable assets of digital art. These collectibles are supported in the Peet NFT program, where users can sell and buy NFTs in multiple ways to diversify their DeFi funds within the Peet ecosystem.
Is it safe to use Peet Defi?
Yes, Peet is a safe DeFi platform, and the users have not incurred any theft or loss of funds. Notably they are fully audited, verified, and have received a perfect Dext score of 99.
More about Peet Defi:
Official Website: https://peet-defi.com/
Telegram: https://t.me/peetdefi
Twitter: https://twitter.com/defipte
