How Does Pastel Network (PSL) Work?


2 min read

Pastel Network or PSL is a NFT-focused next-generation blockchain. It is a blockchain for collectors, creators and builders. Enter Pastel and start your artistic journey. Necessary information about their tokens can be found on the MEXC digital asset introduction page. Also, we list (PSL/USDT - Trade Here) on our innovation zone, check it out now!

How Does it Work?

Pastel Network advocates security and authenticity. Artists can protect their digital assets while collectors ensure they receive authentic artwork by using Pastel ID. Before using the services of the Pastel Network, everyone must first create their own Pastel ID. Additionally, the ID consists of a private key and a public ID that points to the artist's public account.

This means that the ID will link artists to their accounts, such as a website, portfolio, Instagram, or Twitter. Always ensure absolute authenticity. Additionally, artists will specify the number of copies available when uploading their work online. Then Pastel will create a tag and data file containing their parameters. It will include the hash file in the actual artwork image.

What is the Price of PSL Tokens?

PSL is trading at a market price of $0.0005681 per unit. It has a market cap of $5,483,034 and a fully diluted market cap of $11,930,996. It also has a 24-hour trading volume of $413,410. You can check the live price of their token here!

Is Pastel Network (PSL) a Good Investment?

Recently, Pastel Network is in a slight uptrend. All in all, it's a good long-term investment. However, it is important for users to prepare a suitable exit strategy before investing. It is also important to consult your financial advisor for any investment projects. This is not financial advice.