The PSL token (“PSL”) serves as the native cryptocurrency on the Pastel Network, which allows them to be used to transfer and store value in a similar way as Bitcoin. 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 permissionless, borderless economy for rare digital assets
PSL coins also have various special use cases within the Pastel ecosystem: PSL can be used by artists to pay for securely registering and storing their artwork on the Pastel Network. The underlying mechanics support a low inflationary model through constant Proof of Burn. PSL can also be used by collectors to purchase rare artworks created by others.
| Maximum Supply | 21,000,000,000 PSL |
|---|---|
| Total Supply at Genesis | 10,750,192,399 PSL |
| Circulating Supply | 2,235,530,229 PSL |
| Reward / Block | 6,250 PSL |
| Reward Halving | 840,000 PSL / Block |
| Block Time | 2.5 Minutes / Block |
