Power the Pastel Network and its growing ecosystem with PSL.
Network Operations
Generate PastelIDs, Mint NFTs, Submit Smart-Tickets, Power Applications, and Perform Open-API Requests via Sense or Cascade
Stake
Operate a SuperNode and stake collateral in exchange for providing computational resources, validation, and security services
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 -
NFT Copymint
Protection (Sense)
Requests -
Permanent Data
Storage (Cascade)
Requests
Get started with PSL
step one
Create a Pastel Wallet
Before you get PSL, you need to get a wallet that supports PSL token. Check out our guide on how to create your wallet here.
Select the operating system for your wallet download:
step three
Bridge from Ethereum
WPSL can be acquired on Uniswap or you can bridge your PSL to WPSL
step four
Stake your PSL
Pastel is powered by SuperNodes, high powered validators that stake PSL and earn both transaction fees and protocol rewards.
PSL enables Web3 community members to engage in various activities such as validating transactions, participating in governance, staking your PSL, and more.