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 PastelID
    Creation
  • NFT Mints and Trades NFT Mints and
    Trades
  • NFT Copymint Protection (Sense) Requests NFT Copymint
    Protection (Sense)
    Requests
  • Permanent Data Storage (Cascade) 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 two

Get PSL

Acquire PSL Tokens through the following exchanges:

step three

Bridge from Ethereum

WPSL can be acquired on Uniswap or you can bridge your PSL to WPSL

  • Watch our guides on what WPSL is and how to acquire it here
  • You can check out this guide on how to get WPSL through uniswap here

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.

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