PUST

What is PUST?

$PUST attempts to create a highly scalable, trustless, and ideologically pure on-chain money.It is controlled by the Protocol Controlled Value mechanism. By minting and redeeming PUST, users can find a balance between earning, governance and contribution. It will eventually become the most adopted general equivalent in the BNB Chain.

Anyone can mint and redeem PUST in the Janus Gate at a ratio of 1 PUST : 1 USD equivalent. That is, if you have a PUST or plan to mint a PUST, you can do it in Janus Gate:

• Mint 1 PUST with an asset equivalent to 1 USD.

• Redeem assets equivalent to 1 USD with 1 PUST.

Based on the consensus mechanism and protocol algorithm of PUST, Janus Gate will adjust the proportion of stablecoin assets (USDT, USDC, DAI, etc.) in the reserve assets according to the market price of PUST, and realize the reserve assets and assets of PUST with a dynamic mortgage rate.

What makes PUST special?

PUST is a protocol-controlled value (PCV), between over-collateralized (such as DAI in the MakerDao protocol) and fully algorithmic (such as AMPL in the Ampleforth protocol), a stable currency asset with a dynamic mortgage rate.

What is the Protocol Control Value (PCV) mechanism?

Protocol Controlled Value (PCV) refers to assets that are fully owned and controlled by the protocol and locked in smart contracts. Assets under the PCV mechanism are controlled by protocols and contracts, which do not belong to any individual or team and are shared by the entire community, which further ensures the decentralization of the protocol and the security of assets.

Basic Information

Token Sympol	PUST
Token Name	Port USD Token
Network	BNB Chain
Token Standard	BEP20
Decimals of Precision	18
Total Supply	Flexible supply
Contract Address	To be updated

Application Scenarios

1	Open magic box	Obtain NFT card with PUST
2	NFT Trading	Trade NFT cards in the marketplace using PUST
3	Redeem assets	Redeem equivalent asset
4	PEACE lock-up reward	Partly of PUST revenue will flow to PEACE lock-up reward