What is Pastel

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About Pastel

Key Points

PSL is the native utility token of the Pastel Network.
Founders: Jeff Emanuel, Alexey Kireyev, and Anthony Georgiades.
PSL is available on Kucoin, MEXC, and Uniswap.
Pastel Network is a decentralized, interoperable layer-1 blockchain for NFTs and Web3 technology.

Advantages of Pastel

Unlimited access, uncompromised security.
Unparalleled interoperability.
NFT copymint protection.

About Pastel Network: A Decentralized, Blockchain-Based Platform

Introducing Pastel Network (PSL): A Revolutionary Blockchain Ecosystem

What are SuperNodes?

SuperNodes are high-performance nodes that form the backbone of a decentralized network, providing a robust and efficient infrastructure for the validation and verification of transactions.

Introducing the Pastel Token (PSL): A Revolutionary Digital Asset

PSL, the native utility token of the Pastel Network, serves as the linchpin of its burgeoning ecosystem. By powering a seamless, borderless, and permissionless Web3 economy, PSL plays a pivotal role in facilitating multifaceted functions. It enables frictionless interactions with native protocols and decentralized applications, regulates transaction fees, ensures network security through staking, and functions as the fundamental unit of account within the Pastel Network.

The Visionaries Behind Pastel: Meet the Founders

Jeff Emanuel, co-founder of Pastel, brings a unique blend of expertise to the table. With over a decade of experience as a machine-learning and financial analyst in the hedge-fund industry, Emanuel possesses in-depth knowledge of blockchain protocols, technology, and traditional finance. Additionally, he has a native understanding of rare digital collectibles communities, having been immersed in these circles. Emanuel holds a degree in mathematics from Reed University.

Alexey Kireyev, co-founder of Pastel, boasts an illustrious career spanning over three decades, during which he has held esteemed positions as a developer and security specialist at prominent Fortune 500 financial and technology institutions. Throughout his tenure, he has successfully managed teams of hundreds of employees and developed products that cater to millions of customers. Kireyev’s expertise extends to blockchain protocols, cryptography, and security standards, with notable contributions to esteemed open-source projects, including Bitcoin Private, Z-Cash, and Dash.

Anthony Georgiades, co-founder of Pastel, also serves as a General Partner at Innovating Capital, a prominent crypto fund that has nurtured Pastel Network since its inception. Prior to this, he was a member of the investment team at First Round Capital and held operational roles in various technology startups focused on blockchain and robotics. Georgiades holds a multidisciplinary educational background in finance, management, computer science, and robotics from the University of Pennsylvania’s esteemed Wharton and Engineering schools.

Where to Acquire PSL: A Comprehensive Guide

Pastel Network (PSL) tokens are readily accessible on a multitude of prominent exchanges, including Kucoin, MEXC, and Uniswap, among others.

Pioneering Seamless Web3 Infrastructure Beyond Borders.

Immutable authenticity. Indelible storage. Pioneering infrastructure.
Build, secure, and scale your NFT ecosystem with the visionary Pastel Network.

Pastel Network is a fully decentralized, interoperable layer-1 blockchain that serves as the paramount protocol standard for non-fungible tokens (“NFTs”) and Web3 technology, fostering a seamless and unified ecosystem for the creation, management, and exchange of unique digital assets.

Pastel empowers layer-1 and layer-2 blockchains, decentralized applications (dApps), and third-party enterprises with cutting-edge infrastructure, featuring innovative solutions such as NFT copymint protection, permanent data storage, and more. By leveraging lightweight protocols delivered via Web3 open APIs like Sense and Cascade, seamless integration across existing ecosystems is effortlessly achieved. This enables a diverse range of applications to be built directly on Pastel, allowing developers to harness the full potential of NFT primitives, composability, plug-and-play modules, and the robust security of the broader network.

The Distinct Advantages of Pastel:

Unbridled Access, Unwavering Security: Pastel’s decentralized, permissionless network is fortified by cutting-edge cryptography and consensus algorithms, ensuring uncompromising security and unparalleled decentralization.
Unmatched Interoperability: Seamlessly integrate decentralized applications and bridge assets across prominent networks, including Ethereum and Solana, using Pastel’s native, intuitive Web3 APIs.
Ironclad NFT Protection: Leverage AI-driven technology to ensure the certifiable authenticity of your digital assets, detect counterfeits, and safeguard your valuable intellectual property with Sense.
Perpetual Data Preservation: Cascade’s distributed storage layer provides unmatched data redundancy, permanence, and accessibility, ensuring that your data remains secure and accessible, with a one-time payment guaranteeing permanent storage.

Embark on a Creative Journey: Build on Pastel

Introducing the Dynamic Smart Ticket Standard: Seamlessly represent NFT data on the blockchain, and effortlessly add custom features or upgrade functionality via a cutting-edge smart ticket layer built on intrinsic data integrity. Explore our comprehensive documentation

here

.
Composable Developer Modules: Leverage plug-and-play modules and composable protocols to develop, iterate, and deploy decentralized applications and marketplaces directly on-chain with ease. Begin building your project today.
Web3 Open-API Infrastructure: Effortlessly integrate native protocols like Sense and Cascade across your existing ecosystem, from layer-1 networks to third-party applications, via our lightweight and scalable APIs. Experience Gateway now!

Introducing the Dynamic Smart Ticket Standard: Seamlessly represent NFT data on the blockchain, and effortlessly augment functionality or upgrade features via a cutting-edge smart ticket layer, bolstered by intrinsic data integrity. Explore our comprehensive documentation

here

.

Composable Developer Modules: Leveraging modular, plug-and-play architecture and composable protocols, seamlessly develop, iterate, and deploy decentralized applications and marketplaces directly on the blockchain. Embark on your development journey today.

Unlock Seamless Interoperability: Leverage our lightweight APIs to effortlessly integrate native protocols like Sense and Cascade across your existing ecosystem, spanning from layer-1 networks to third-party applications. Experience the power of Gateway today!

*Verify. Fortify. Participate. Prosper

Pastel (PSL)

.

At the heart of the Pastel Network lies the SuperNode infrastructure, a robust and scalable layer of high-performance validators seamlessly integrated with the core blockchain. These SuperNodes assume a multifaceted role, encompassing the validation of NFT transactions, the operation of the Sense and Cascade protocols, and the governance of the network as a whole.

Facilitate Seamless Network Requests
Ensure the Integrity and Governance of the Blockchain
Accrue PSL through Staking Rewards and Transaction Fee Incentives

Delve deeper into the world of SuperNodes by exploring our comprehensive documentation, available

here

.

Require assistance with operating a SuperNode? Find support here.

Practical Applications of PSL

Network Operations: Facilitate the creation of PastelIDs, mint non-fungible tokens (NFTs), submit smart-tickets, power applications, and execute open-API requests via Sense or Cascade, thereby ensuring seamless network functionality.
Stake: Operate a SuperNode, staking collateral in exchange for providing robust computational resources, validation, and security services, thereby contributing to the network’s overall integrity.
Governance: Empowered stakeholders initiate and vote on diverse proposals, shaping the future of the network through a decentralized, community-driven decision-making process.

Network Operations: Seamlessly generate PastelIDs, mint unique NFTs, submit smart-tickets, power innovative applications, and execute open-API requests via Sense or Cascade, unlocking a world of possibilities.

Stake: By operating a SuperNode and staking collateral, participants can contribute computational resources, validation, and security services, thereby earning rewards.

Governance: Stakeholders are empowered to instigate and participate in voting on diverse proposals, thereby fostering a decentralized decision-making process.

The Deflationary Mechanism: A Key to Sustainable Growth

The PSL token is inherently deflationary in nature. A substantial proportion of transaction fees are redirected to a cryptographically unspendable address, thereby precipitating a significant contraction of the overall PSL supply over time, a mechanism aptly referred to as “Proof of Burn”. Key network operations that trigger this phenomenon include:

The Genesis of PastelID
Minting and Trading of NFTs
Executing Sense and Cascade Transactions