Question 1

What is Pig Finance (PIG)?

Accepted Answer

Pig Finance (PIG) is a deflationary cryptocurrency token built on the Binance Smart Chain (BSC). It is recognised as the first token to implement a "Black Hole" mechanism, which exponentially reduces the circulating supply through an automatic burning process. This mechanism burns 2% of every buy and sell transaction, effectively increasing scarcity and potentially boosting value over time.

PIG is designed with decentralisation in mind, boasting a fair launch with 100% of its initial supply seeded as liquidity. Ownership of the contract has been renounced, and liquidity is locked in PancakeSwap, ensuring it is resistant to "rug pulls." With no presale or team allocations, PIG is entirely community-led.

The token features a 5% transaction tax, where 3% is locked in liquidity, and 2% is distributed among holders, promoting passive rewards. Its focus on liquidity locking and deflation supports the establishment of a rising price floor.

Question 2

What is Pig Finance (PIG) used for?

Accepted Answer

Pig Finance (PIG) is used as a decentralised asset for long-term holding, liquidity farming, and passive income generation. Its deflationary structure rewards holders with a share of the 2% redistribution from each transaction, incentivising retention and reducing sell pressure.

The "Black Hole" feature further enhances scarcity by continuously removing tokens from circulation, increasing their rarity. Additionally, 3% of each transaction is locked into liquidity pools on PancakeSwap, providing stability and reducing volatility.

Question 3

Who created Pig Finance (PIG)?

Accepted Answer

Pig Finance (PIG) was launched in February 2021 as a stealth project with no presale, no team allocation, and no central authority. It was designed to be 100% community-led and managed by volunteers. Ownership of the contract has been transferred to a burn address, preventing any modifications or interference by its creators.

The development team has remained anonymous, highlighting the project's decentralised nature. It has undergone audits, including a CertiK audit, to verify its security and contract integrity.