PB

Perpetual Bitcoin (PB) is an immutable, fully transparent digital asset protocol on PulseChain. The full 21,000,000 token supply is already minted under protocol custody and locked inside the vault framework from day one, then released only through autonomous, on-chain rule execution. The system is run by open-source smart contracts with no admin keys, governance controls, or insider allocation schedules. PB is a finished product: the contracts have already been deployed and are permanently locked, with protocol rules no longer changeable. Instead of time-based vesting, PB uses deterministic price-based unlock checkpoints. For each PBt position, whenever market price reaches the next 1.5555x trigger (a 55.55% step from that position's current checkpoint), one-third of that position remaining locked PBc is automatically settled in USDL, then the next checkpoint is set and the process repeats. This creates an on-chain sequence of "next trigger, next settlement, next trigger" over the life of the position.