PastelPSL
$0.000422
Market/Exchange
PSL Price Prediction and Price Movement
PSL is up 82.07 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of PSL can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, PSL has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on PSL's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Pastel Price Chart
About Pastel
What Is Pastel Network (PSL)?
Revolutionizing Borderless Web3 Infrastructure.
Certifiable authenticity. Permanent storage. Innovative infrastructure. Build, secure, and scale your NFT ecosystem with the Pastel Network.
Pastel Network is a fully decentralized, interoperable layer-1 blockchain serving as the preeminent protocol standard for non-fungible tokens ("NFTs") and Web3 technology.
Pastel powers layer-1 & layer-2 blockchains, decentralized applications (”dApps”), or third-party enterprises with next-generation infrastructure including NFT copymint protection, permanent data storage, and more. Lightweight protocols delivered via Web3 open APIs like Sense and Cascade can be easily integrated across existing ecosystems. A wide range of applications can be built directly on Pastel, enabling developers to enjoy the NFT primitives, composability, plug-and-play modules, and security of the broader network.
Advantages of Pastel:
- Unlimited Access, Uncompromised Security: Pastel’s peer-to-peer network is entirely permissionless, fortified by leading-edge cryptography and consensus algorithms. Decentralization is here.
- Unparalleled Interoperability: Seamlessly integrate dApps and bridge assets across popular networks like Ethereum and Solana using Pastel's native Web3 APIs.
- NFT Copymint Protection: AI-powered technology ensures certifiable authenticity, detects counterfeits, and protects your valuable IP. Welcome to Sense.
- Never Lose Your Data: Cascade’s distributed storage layer brings unmatched data redundancy, permanence, and accessibility. Pay Once, Store Forever.
Build on Pastel:
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Dynamic Smart Ticket Standard: Easily represent NFT data on the blockchain, add custom features or upgrade functionality utilizing a next-generation smart ticket layer built on intrinsic data integrity. Read our docs here.
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Composable Developer Modules: Supported by plug-and-play modules and composable protocols, develop, iterate, and deploy dApps and marketplaces directly on-chain. Start building today.
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Web3 Open-API Infrastructure: From layer-1 networks to third-party applications, seamlessly integrate native protocols like Sense and Cascade across your existing ecosystem via our lightweight APIs. Try Gateway now!
What are SuperNodes?
Validate. Secure. Stake. Earn #PSL.
SuperNodes form the backbone of the Pastel Network. A scalable layer of high-powered validators connected to the core blockchain, SuperNodes are responsible for validating NFT transactions, operating the Sense and Cascade protocols, and governing the broader network.
- Process Network Requests
- Secure and Govern the Blockchain
- Earn PSL via Staking and Transaction Fees
Want to learn more about SuperNodes? Check out our docs here.
Need help running aa SuperNode? Get help here.
What Is the Pastel Token (PSL)?
PSL, the native utility token of the Pastel Network, fuels its expanding ecosystem. It drives the borderless, permissionless Web3 economy, playing a crucial role in various functions. PSL facilitates effortless engagement with native protocols and decentralized applications, manages transaction fees, guarantees network security through staking, and serves as the fundamental accounting unit within the Pastel Network.
PSL Use-Cases
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Network Operations: Generate PastelIDs, Mint NFTs, Submit Smart-Tickets, Power Applications, and Perform Open-API Requests via Sense or Cascade
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Stake: Operate a SuperNode and stake collateral in exchange for providing computational resources, validation, and security services
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Governance: Stakeholders are able to initiate and vote on various proposals
Deflationary Mechanism
The PSL token is highly deflationary. A large percentage of transaction fees are distributed to a cryptophically unspendable address, resulting in a dramatic reduction of the overall supply of PSL over time ("Proof of Burn"). Key network operations resulting in Proof of Burn include:
- PastelID Creation
- NFT Mints and Trades
- Sense and Cascade Transactions
Who Are the Founders of Pastel?
Jeff Emanuel is the co-founder of Pastel. Prior to founding Pastel, he worked as a machine-learning and financial analyst in the hedge-fund world for over a decade. Emanuel has extensive knowledge about blockchain protocols, technology, and traditional finance along with a native understanding of rare digital collectibles communities. He studied mathetmatics at Reed University.
Alexey Kireyev is the co-founder of Pastel. For over 3 decades, he has worked as a developer and security specialist at a variety of Fortune 500 financial and technology institutions, managing hundreds of employees and building products serving millions of customers. Kireyev has deep knowledge of blockchain protocols, cryptoraphy, and security standards and has contributed to open-source projects like Bitcoin Private, Z-Cash, and Dash.
Anthony Georgiades is the co-founder of Pastel. He is also a General Partner at Innovating Capital, a major crypto fund that has incubated Pastel Network since inception. He previously spent time on the investment team at First Round Capital and on the operations teams of various technology startups in the blockchain and robotics space. He studied finance, management, and computer science and robotics at the University of Pennsylvania's Wharton and Engineering schools.
Where Can You Buy PSL?
Pastel Network (PSL) tokens are available on many major exchanges such as Kucoin, MEXC, and Uniswap.