What is PXN?
PXN is the world's first inflation-based proof-of-stake coin which also features a private and decentralized blockchain with fully open source code that allows everyone to take part in the PXN network development. Privacy and security come inherently. PXN is the clear choice for those who want to keep their financial confidentiality.
Instant private transactions are provided globally by the PXN Network; they are totally untraceable; and additional fees are non-existent.
PCN Revival Plan
PXN Foundation is proud to propose our PCN revival solution implemented in 2 phases with one focus: creating a solid infrastructure to start returning value to PCN holders in the shortest time possible.
Establish the PXN Foundation as a decentralized entity and Implement a community voting system governance.
Provide technical support and technological upgrades to assist in stabilizing the market value for all PCN investors.
Implement an informative website for PCN/PXN.
Provide the necessary collateral for Brand and Marketing and manage the various community social media platforms.
Maintain and update current PCN Wallet and Blockchain with minimal changes to the latest PCN codebase.
Pursuing control over the current PCN blockchain through establishing productive relationships with exchanges, information websites like Coin Market Cap, authorities, etc.
03. REBRAND / SWAP
This phase would entail a rebrand or a hardfork for the PXN blockchain, based on the community votes, which would address main improvements to the chain and the implementation thereof. Other key outputs during Phase 2 will include:
If “SWAP” has been voted for by the community, there are 2 options available for participants. The below figures represent the proposed swap details for investors to choose 1 of 2 options (both having their own advantages).
The swap will be based on a timescale, that decreases in value over the course of 6 months.
All PCN holders are eligible to participate in the swap.
Each participant needs to manually send their coins to the transparent swap wallet.
Participants will receive their PXN amount automatically and instantly.
1- Soft Swap
Participants are required to manually send their chosen PCN amount to the Swap Wallet and also provide their PXN address.
The system calculates their equivalent PXN amount and transfers the amount to their nominated PXN address to start staking PXN.
After the swap deadline has been finished, participants who choose this option will receive their original PCN amount back into their initial PCN wallet address based on a FIFO (First In First Out) system.
Participants of PCN/PXN swap via option 1 will also be entitled to receive their equivalent amounts on any future airdrops for PCN holdings which may happen during the 6 month swap timeframe.
0.1% Base minus 0.0005% per Day
first week Fixed rate
NON-REFUNDABLE OPTION - FIRST 3 MONTHS
2- Hard Swap
Participants send their PCN to the Swap Wallet and provide their PXN address, the same as in option 1
The system calculates their equivalent PXN amount (+ extra option 2 allowances) and transfers the amount to their nominated PXN address to start staking PXN.
The fully transparent swap wallet would hold all PCN funds, with the staking rewards being used to fund the early stages of the project.
The amount an investor chooses to use for participating in the Swap is completely at their own discretion with no limits being imposed by the PXN foundation. However, they must keep in mind that the incentive to put as much as possible into the Swap Wallet at early stages, would result with more PXN instantly, due to the depreciating time-scale system.
0.15% Base minus 0.00045% per Day
first week Fixed rate
PXN Coin Specifications
Dynamic, inflation based
Distribution Reward Block
Development Funds: 5%
Proof Of Work in place to pre-mine the required coins for the swap
(Multisig appointed by Community)
Proof of Stake
introducing Proof of Value
Introducing double chain implementation
Min Stake Age
Max Stake Age