La Peseta (PTA) is a project based on DeFi (decentralized finance), exclusively developed on the Binance Smart Chain (BSC). The primary objective of La Peseta (PTA) is to put forward a platform that is easy to use as a daily payment option. The platform seeks to feature better speed and low network charges. Also, La Peseta (PTA) seeks to rule out the need to mine cryptocurrencies every day to authorize transactions, thereby standing out as a sustainable and environmentally friendly project. 

Traditionally, Peseta existed as the Spanish State’s primary currency. La Peseta (PTA) envisions honoring millions of Spaniards by bringing Peseta back into use, at least as a digital currency. Besides, the platform wishes to integrate upgrades in features like NFT games, Iota protocol, and other technical aspects to enhance La Peseta (PTA) with better transparency, performance, and sustainability. Again, Iota protocol implies a distributed ledger on an open-source to record and facilitate seamless transactions between machines and devices within the ecosystem involving the internet of things or IoT. Further, La Peseta (PTA) seeks to upgrade the project into more than just a payment platform. 

Meanwhile, La Peseta (PTA) introduces an exclusive Peseta mobile application. The application aims to encourage users to trade cryptocurrencies seamlessly and seeks to provide a secure space to store the crypto coins. Also, the project utilizes PTA as the utility token of La Peseta (PTA). The project employs strategies contributing to the aggressive growth in the value of the tokens.

For instance, the strategy involves lowering the supply of the tokens in circulation and constantly burning the tokens in the system after each transaction. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value. Trading PTA incurs 10% commission charges, of which 5% is put into the main wallet to fund the development and marketing of La Peseta (PTA), and the other 5% is redistributed among the token holders of La Peseta (PTA) as rewards. Therefore, La Peseta (PTA) encourages users to acquire more tokens and increase the holding time to earn better rewards. Finally, the project allows users to use anonymous wallets like Metamask or trust wallet as secure custody to store the tokens. 

The founders of La Peseta (PTA) are Louis Miralles, John Ferrer, and Marco Musumeci. Besides being an entrepreneur, Miralles has extensive experience in the fields of cryptocurrency and finance. Ferrer is involved in public relations and the financial aspect of cryptocurrency. Musumeci is a specialist in strategic marketing and digital transformation. 

According to the whitepaper, the maximum total supply of La Peseta (PTA) is 47 billion tokens. 

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