A team consists of Malaysian and Indonesian counterpart has team up and introduced Pitiscoin, a digital crypto asset, something different and rather special for the people in this region namely and the world. A history indeed.
This team is made up from few blockchain companies and formed a blockchain ecosystem known as Nusantara Team and through research and technology development has succeeded to produce several blockchain based products, which is 100% Nusantara born.
The name Pitiscoin™ is derived from Pitis.
Pitis is a currency used during the Malacca Sultanate reign in 15th century here in Nusantara. All trading in the Straits of Malacca used Pitis as its currency and accepted throughout Sulawesi, Java Straits, Kalimantan and Sumatra.
Malacca, under reign of Sultan Muzaffar Shah, 5th Ruler of the Malay Sultanate, is the first state to use syilling / coins as currency in its trading system. Previously, trader used gold, silver and lead bars as monetary value to trade. While commoners used slug snails, rice and saga seeds to trade in barter system.
In 1445, the first lead pieces were form known as Pitis or Caxas Cashas.
After which then used by all states in the Malay Sultanate reign States along with silver and gold. In Kelantan, Kedah and Terengganu, it resembles more of plant looking currency since Pitis was form on a stick lookalike way. In time, Pitis became the preferred currency until it reached Palembang and Sumatera, Indonesia. Pitis came into business during the reign of Sultan Abdulrrahman Khaifatul Mukminin Sayidul Imam in 1659 in Palembang. Pitis was widely accepted in trades, taxing and economy system in Malaya back then and it was recorded in Malaysian, Indonesian, Thailand and Brunei Darussalam history
What is connecting past Pitis to current digital crypto asset, Pitiscoin™?
A little background information on the creation of Pitiscoin™. It was created to spark the spirit of historical trading success in Nusantara region therefore Pitiscoin™ was coined to be the inspirational digital asset as the first in Nusantara region.
Pitiscoin™ is the first crypto digital asset produced by 100% of Nusantara people. The main aim of this blockchain technology product is to create applications with high innovation value for the crypto community here. Pitiscoin™ creation based on Blockchain technology is aim to pioneer the use of crypto digital asset as valuable trading asset in its Nusantara community and brings back the glory days when Pitis was widely accepted and now replaced with fast and efficient digital transaction without borders.
Moving forward, Pitiscoin™ will soon be the tool for digital transactions uniting Nusantara people when it grows into a bigger community and be used in many countries here in the South East region. This community now exists in few countries here like Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei and Vietnam.
Pitiscoin™ is created on Ethereum ERC 20 Blockchain 2.0 platform and it can be checked in Etherscan.io ledger.
Pitiscoin™ is somewhat similar to Bitcoin’s purpose of creation. It removes the need of third party to manage the transaction. Using decentralization concept, distributed and peer-to peer concept is the basis of Pitiscoin™ creation.
Pitiscoin™ is now available on several platforms for verification and storage:
1. Crypto Screening Platform:
2. Crypto Trading Platform
3. Crypto Saving Platform
4. Crypto Ledger Platform
5. Official Websites
Will Pitiscoin™ be able to bring back the glories of old days?
Will history repeat itself?
Let us make it possible !
Referring to Pitiscoin™ Whitepaper, the main objective of Pitiscoin™ creation is not only to be this region’s pioneer in digital crypto asset but to instill value in its usage.
Like other crypto digital assets, it has its own function like Ether performing as “fuel” for Ethereum and Ripple which expedites banking transactions. As for Pitiscoin™, it will be the alternative payment mode within Nusantara countries with better, safer and efficient transactions.
Pitiscoin™ owners not only can save or spend Pitiscoin™ but can as well benefit in the long run. Pitiscoin has been designed to add value along with other projects being developed based on Blockchain by the same team. The success of these projects will be the benchmark for Pitiscoin™ stability and value appreciation for Pitiscoin™ in the open market.
Therefore buyers, owners and all crypto digital asset of Pitiscoin™ potentially will benefit from those projects in the near future, depending on the success rate.
Pitiscoin™ development is govern by the Pitiscoin™ Strategic Development Plan 2017-2021
There are 3 main criteria that needs to be fulfilled for Pitiscoin™ in the open market . Early earnings of Pitiscoin™ will be used for the projects below:
Currently, Nusantara Crypto Exchanger (NUCEX) is being developed and will be using Pitiscoin™ as the main trading crypto asset
Realising the goal of Pitiscoin™ will certainly give a big impact to the community as a whole and will stimulate ;
Will Pitiscoin™ be a popular crypto here in Nusantara?
Aim for the stars and reach for it.
Don’t wait, visit www.pitiscoin.asia now. Get your Pitiscoin™ now!
Pitiscoin Urgent Announcement
Further to the official announcement made earlier by MyPW team of the recent attack on their web accounts, this has major impact on Pitiscoin as MyPW is one of the prominent wallet provider for Pitiscoin. Due to this catastrophic event, some has taken the opportunity to degrade Pitiscoin value in most exchangers which offers Pitiscoin hence the same effect has affected its value in CoinMarketCap.
As a result of the attack, Pitiscoin price ceased at its last valued before it was halted at most exchangers until MyPW security breach issues being resolved.