We are excited to announce the cooperation of Pastel with MEXC Global. Through this cooperation, MEXC will provide the offering and trading of Pastel’s native utility token, PSL, on the MEXC Exchange.
The listing is expected to take place around November 23rd, 2021 at 13:00 UTC.
Additionally, we will be launching the MEXC Kickstarter Event. This event is a campaign leading up to the official listing of PSL on the exchange. MEXC users will be able to stake tokens towards a predetermined goal that once is hit will earn rewards for participating users ahead of the official listing.
The Kickstarter Event is expected to take place from 02:00 to 10:50 UTC on November 23rd and is open to any MEXC user, so be sure to register before we launch!
What is PSL?
PSL serves as the native utility token on the Pastel Network. By running on a fully dedicated, purpose-built blockchain for the specific use case of rare NFTs, PSL is the foundation for accessibility. Inherently, PSL empowers the permission-less, borderless economy for rare digital assets.
PSL serves a variety of utility use cases within the Pastel ecosystem: PSL can be used by creators and collectors to securely register and store NFTs on the Pastel Network. PSL is also used by third-party builders, networks, and partners to power a variety of applications and open-protocols on Pastel, such as Sense for Near-Duplicate NFT Detection and Cascade for permanent NT storage. The underlying token mechanics support a low inflationary model through constant Proof of Burn.
Founded in 2018, MEXC Global is known as the exchange of high performance and mega transaction matching technology. The team at MEXC Global are some of the first movers and pioneers of financial and blockchain technology. Currently, MEXC Global caters to 6 million+ users in more than 70 countries around the world and we have just started. This magnificent achievement is a significant milestone, and MEXC Global aims to become the go-to platform for new traders and experienced investors as they move forward in their financial journey.
MEXC Global is present across continents obtaining key licenses and passing jurisdictions in countries like Canada, Australia, Estonia and the United States. MEXC Global also offers localized language support for investors from different countries making it easier for them to trade.
Pastel is the world’s first fully dedicated, decentralized NFT platform allowing users to register, store, and trade ‘provably rare’ assets. The platform gives creators a way to securely connect with fans and sell unique, limited edition digital assets –without the high fees or storage constraints of other crypto projects. Pastel also allows for the development of third-party applications to sit on top of the Network, enabling developers to enjoy the scalable registration features, storage processes, and security of the broader network. By leveraging a purpose-built native blockchain, Pastel deploys a number of key features such as a deep-learning based duplicate detection system to ensure proven authenticity.
Pastel is is an entirely native blockchain supported by SuperNodes, which provide computational resources to the network to support asset registration, distribution, and permanent storage. Pastel is managed by world-class developers, cryptographers, and technologists, supported alongside an experienced and extensive network of marketers, influencers, and third-party agencies. Pastel is backed by key stakeholders including Innovating Capital, a prominent venture fund.
Originally Published on Pastel Network’s Medium.