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Pitbull (PIT) is a community-driven, dog-themed meme coin on Binance Smart Chain (BSC). It prides itself on community development and claims to be a “unique social experiment” by engaging investors in the development of the community, as well as in the project itself. Pitbull rewards its investors through an auto-staking mechanism, which guarantees passive yield by rewarding token holders with fees from transactions that are conducted in PIT.

Pitbull promises a highly ambitious roadmap for a meme coin, which includes:

Launching on several blockchains, including Ethereum (ETH), Polygon (MATIC), Kucoin (KCS), and Cardano (ADA).

A Pitbull magazine called PitMag

Pitbull non-fungible token (NFT) collections and collaborations

A Pitbull play-to-earn game

A Pitbull Metaverse

Thus far, Pitbull has managed to collect 100,000 followers on Twitter and over 40,000 on its official Telegram channel, which is an impressive feat considering the token was only launched in March 2021.

Pitbull

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The Neutrino index is a decentralized financial (DeFi) platform based on the Waves blockchain. The platform rebranded its index token from USDN to XTN. Neutrino has two native tokens, XTN and NSBT.

XTN is an algorithmic crypto-collateralized indexcoin backed by three Waves Ecosystem tokens: WAVES, WX and VIRES. XTN's main function is to encourage user participation in the Neutrino by rewarding those who provide liquidity to the system.

The platform’s other token, NSBT (Neutrino System Base Token), is used for governance purposes: it allows users to make decisions about the future development of the Neutrino protocol, and it ensures the stability of collateral reserves on Neutrino’s smart contract.

New NSBT tokens are issued whenever a user locks WAVES tokens on a contract, which serves as additional backing and insures the system against a deficit. Holders can stake to earn on WAVES to XTN swap fees.

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