PEACOCKCOIN (BSC): Deflationary NFT and Creator Economy Token on Binance Smart Chain

What is PEACOCKCOIN (BSC)

Friends, imagine a digital currency that’s not just for trading, but also helps artists showcase their work, enabling everyone to buy and sell these unique digital artworks in a fair and transparent way—sounds interesting, right? PEACOCKCOIN (BSC) (abbreviated as PEKC) is such a project. In the blockchain world, it aims to build a global NFT (Non-Fungible Token) platform. You can think of NFTs as one-of-a-kind collectibles in the digital world, like a digital painting, a piece of music, or a game item, each with a unique digital certificate proving you’re its sole owner. PEKC’s goal is to let people buy, protect, and collect these digital collectibles on its platform.

This project runs on the BNB Smart Chain (BEP20). The BNB Smart Chain (Binance Smart Chain, BSC for short) is like a highway, making digital asset transactions faster and cheaper. The PEKC token itself is a deflationary yield token, meaning its design mechanism reduces the total supply over time, while holders may receive some rewards.

Project Vision and Value Proposition

PEACOCKCOIN (BSC)’s vision is to use blockchain technology to bring more fairness and transparency to the online sale of digital artworks and collectibles. They aim to create a platform that allows millions of users to access blockchain technology, enabling them to buy, protect, and collect digital collectibles. Simply put, it wants more people to participate in the world of NFTs and make the process more fair and open. It also strives to support and facilitate influential creators, pioneering contemporary digital artists, and crypto-native artists.

Technical Features

PEACOCKCOIN (BSC) mainly operates on the BNB Smart Chain, which is a blockchain compatible with the Ethereum Virtual Machine. This means developers can easily deploy smart contracts on it, with fast transaction speeds and relatively low fees. The project mentions it will support multi-dimensional NFTs, meaning it may go beyond simple images or videos to include more complex interactions or data. Although specific details of the underlying technical architecture are currently limited in public information, its choice of BSC as the main platform indicates a desire to leverage BSC’s efficiency and cost advantages to support its NFT platform.

Tokenomics

Basic Token Information

• Token Symbol: PEKC
• Issuing Chain: BNB Smart Chain (BEP20), with mentions of involvement on the Ethereum network as well.
• Total Supply: 100,000,000,000,000,000 PEKC (i.e., 100 trillion).
• Current Circulating Supply: Public data currently shows 0. This means there may not be any PEKC tokens freely circulating in the market yet, or the circulating supply is extremely low and needs further verification.
• Inflation/Burn Mechanism: PEKC is designed as a deflationary token. Information indicates that each transaction incurs a 10% fee, which is distributed, with a portion used for burning (burnout) to reduce the total supply, potentially increasing the scarcity of the remaining tokens.

Token Utility

The main utility of the PEKC token is as a deflationary yield token for its NFT platform. While specific details are limited, typically such tokens may be used for:

• Transaction Fees: Paying fees when trading on the NFT platform.
• Staking: Holders can stake tokens to earn rewards or participate in platform governance.
• Governance: In some versions, PEKC is mentioned as the platform’s governance token, meaning holders can participate in community decision-making.

Token Distribution and Unlock Information

According to the tokenomics of PEACOCKCOIN 2.0 (which may be similar to PEACOCKCOIN (BSC)), the 10% transaction fee is distributed as follows:

• 2% redistributed to token holders (rewards).
• 3% for whale wallet buyback mechanism.
• 2% for marketing.
• 2% for liquidity pool (LP).
• 1% for project development.

Additionally, information mentions that 50% of tokens are planned for burning, 42% for LP staking pools, 6% for marketing and general use, and 2% for the team wallet. However, these details may come from different versions of the project or early plans and should be confirmed with the official whitepaper for accuracy.

Team, Governance, and Treasury

Currently, publicly available information provides very limited details about the core team members of PEACOCKCOIN (BSC), team characteristics, specific governance mechanisms, and treasury and fund operations. In a decentralized project, team transparency and sound governance mechanisms are very important, and the lack of information in this area may leave potential participants uncertain.

Roadmap

There is no clear timeline of key historical milestones, events, or future detailed plans and roadmap for the PEACOCKCOIN (BSC) project found in public sources at present. Typically, a project uses a roadmap to show its development plans and milestones to the community, which is crucial for understanding the project’s progress and future direction.

Common Risk Reminders

Investing in any cryptocurrency project comes with risks, and PEACOCKCOIN (BSC) is no exception. Here are some common risk points to be aware of:

• Low Market Activity: Currently, PEKC’s trading volume and market cap are shown to be very low, even zero. This means the token may have poor liquidity, making buying and selling very difficult, and price volatility may be very high.
• Lack of Information Transparency: The absence of a detailed whitepaper, team information, governance structure, and a clear roadmap makes the project’s background and future development direction unclear, increasing uncertainty.
• Technical and Security Risks: Any blockchain project may face smart contract vulnerabilities, network attacks, and other technical risks. Although the project runs on BSC, there is no clear information on whether its own contract code has been audited.
• Economic Model Risks: Although the project claims to be a deflationary token, if it lacks real use cases and a user base, the deflationary mechanism may not effectively support token value. Zero circulating supply may also mean the project has not truly launched or is facing challenges.
• Compliance and Operational Risks: The global cryptocurrency regulatory environment is still evolving, and future policy changes may impact project operations.
• “Not Investment Advice”: Remember, all the above information is for project introduction only and does not constitute any investment advice. The cryptocurrency market is highly volatile; please conduct thorough personal research (DYOR - Do Your Own Research) and make decisions based on your own risk tolerance.

Verification Checklist

To learn more about PEACOCKCOIN (BSC), you can try the following verification steps:

• Block Explorer Contract Address: Check PEKC’s contract address on BNB Smart Chain:
  0x050787DE0cF5Da03D9387b344334D51cAE5DD0Fd
  . Through the block explorer, you can view token holder distribution, transaction history, and more.
• GitHub Activity: Try to find the project’s GitHub repository to check code update frequency, number of contributors, etc., to assess development activity. No direct GitHub link is provided in public information at present.
• Official Website and Social Media: Visit the project’s official website (if available) and social media (such as X/Twitter, Telegram) to learn about the latest announcements and community discussions.

Project Summary

PEACOCKCOIN (BSC) (PEKC) is a deflationary yield token project based on BNB Smart Chain, with a core vision to build a global NFT platform aimed at bringing fairness and transparency to the digital collectibles market and supporting artists. The project plans to use its platform to enable more people to participate in the purchase, protection, and collection of NFTs. Its tokenomics design includes transaction fee distribution and burn mechanisms to achieve deflation.

However, currently, publicly available detailed information about the project is relatively limited, especially regarding team members, specific governance mechanisms, detailed technical architecture, and a clear roadmap. In addition, the token’s circulating supply is shown as zero, and market activity is extremely low, indicating the project may be at a very early stage or has not yet gained broad market recognition.

For those interested in NFTs and blockchain technology, PEACOCKCOIN (BSC) presents an attractive vision, but given its current information transparency and market status, it is strongly recommended to conduct extremely thorough personal research and risk assessment before considering any form of participation. Remember, cryptocurrency investment is extremely risky; this article is for informational sharing only and does not constitute any investment advice. For more details, please research independently.