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About MaxxChain
Key Points
- MaxxChain is an EVM Layer 1 Proof-of-Work (PoW) blockchain network.
- Total supply of PWR coins: 1,000,000,000.
- Circulating supply: ~239M PWR (as of Feb 20, 2024).
- PWR coin can be traded on Uniswap paired with wETH.
- MaxxChain’s uniqueness lies in its commitment to decentralization and security.
- The network is secured through the PoW consensus mechanism.
- Comprehensive support is offered to users, projects, and developers.
- Business model includes revenue streams
About MaxxChain: Empowering the Future of Blockchain Innovation
Introducing MaxxChain: A Revolutionary Blockchain Ecosystem
MaxxChain is a decentralized, security-centric, and programmable EVM Layer 1 Proof-of-Work (PoW) blockchain network, meticulously designed to prioritize decentralization, security, and programmability. By leveraging the Ethereum Virtual Machine (EVM), it empowers the creation of intricate smart contracts, thereby fostering the development of decentralized applications (dApps). Rising from the ashes, MaxxChain is forging its own path, driven by a commitment to education, collaboration, and innovation, with a bold vision to revolutionize the logistics industry through the transformative power of Web3 technologies.
What Is the Circulating Supply of PWR Coins and What Is Their Value?
Allocation and Disbursal
The pre-minted total supply of PWR coins is capped at 1 billion, with the following distribution:
- Since the chain’s deployment, over 75% of tokens have been burned, with several wallets earmarked for future use being eliminated, while the team wallet has been slashed by more than 50%.
- Initially, 12.5% was set aside in the Treasury wallet for potential venture capital investments. However, to counterbalance the 201,600 PWR minted through mining, as well as an additional 1,000,000 PWR, the team is burning 1,201,600 PWR every week for 52 weeks. Furthermore, the team has committed to burning at least 201,600 PWR for an additional 52 weeks.
- A 3% allocation has been designated for the Team wallet, to be distributed among core team members and administrators.
- 3.5% has been allocated for OG projects, LP, and OTC deals.
- 1% has been designated for exchange listings on centralized exchanges (CEX), decentralized exchanges (DEX), or bridge platforms.
- 4% was allocated for Phase 1 and 2 presales.
- 1% has been set aside as a reserve for Nexus token drip rewards in low-volume situations on MaxxChain.
As of February 20, 2024, the total circulation of PWR stands at approximately 239 million, with nearly half of it being held by the team Treasury. For a detailed review of the circulating supply, please refer to
https://supplyapi.maxxchain.org
.
Exchanges Supporting PWR Coin Trading
You can acquire PWR coin in a wrapped format on Uniswap, paired with wrapped ETH (wETH). Subsequently, users can leverage the Sphynx Labs bridge to seamlessly transfer wPWR between the Ethereum and MaxxChain networks. Meanwhile, the team is actively pursuing a new centralized exchange (CEX) listing and will provide timely updates on the listing schedule.
Unveiling the Unparalleled Excellence of MaxxChain
MaxxChain’s distinctiveness stems from its unyielding dedication to decentralization and security. By harnessing the power of the Proof of Work (PoW) consensus mechanism, MaxxChain ensures that no single entity can exert control over the network, thereby guaranteeing the integrity and immutability of transactions, and establishing itself as a trustworthy platform for users, developers, and projects alike.
Furthermore, MaxxChain will serve as the foundation for our ventures into the freight factoring services sector in the United States, thereby creating a tangible, real-world use case for the chain. This will, in turn, generate a highly lucrative revenue stream, independent of the fluctuations in the broader cryptocurrency market.
The MaxxChain Network’s Robust Security Mechanisms
The MaxxChain network is fortified by the Proof of Work (PoW) consensus mechanism, wherein miners validate and append transactions to the blockchain, earning 5 newly minted coins for each successfully mined block. To ensure the long-term sustainability of the ecosystem and counterbalance the continuous minting of coins, MaxxChain imposes fees on all on-chain utilities. This approach effectively prevents inflation and maintains a balanced and stable environment. Furthermore, a weekly burn from the Treasury wallet serves as an additional measure to combat inflation, introducing a deflationary element to the PWR coin’s supply, thereby promoting a stable economic framework.
What Manner of Support Does the Ecosystem Provide to Users, Projects, and Developers?
MaxxChain provides exhaustive support to its ecosystem participants, empowering projects that launch on the platform with a comprehensive suite of tools and services. These include GemPad’s guided launch processes, launchpad and token deployment platforms, pre and post-launch services, presale calculators, token and liquidity lockers, and all-in-one staking platforms. Furthermore, users, projects, and developers can tap into a vast Knowledge Base, replete with resources catering to diverse skill levels.
Unveiling MaxxChain’s Innovative Business Paradigm
MaxxChain’s business model is diversified across multiple revenue streams and value-added services, with Freight Factoring services serving as its primary cornerstone. The ecosystem generates transaction fees, while service fees from projects, as well as revenue from advertising space and promotional activities, contribute to its growth trajectory. By maintaining a lean overhead structure, optimizing technology infrastructure, and leveraging legal and administrative services on an as-needed basis, the company ensures operational efficiency. Strategic partnerships may involve financial commitments and joint investments, fostering ecosystem expansion and growth.
Unveiling MaxxChain’s Comprehensive Marketing and Sales Blueprint
MaxxChain’s marketing and sales strategy revolves around meticulously crafted targeted campaigns, fostering a sense of community through engagement, and forging strategic partnerships. This multifaceted approach is bolstered by a commitment to developing high-quality educational content across all social media platforms. Furthermore, the team will leverage marketing funds generated by the Freight Factoring business to promote the dual benefits of both services and MaxxChain. These concerted efforts are designed to drive widespread adoption and awareness within the cryptocurrency and blockchain ecosystem, thereby ensuring the long-term success and growth of the ecosystem.
Furthermore, MaxxChain seeks to harness the power of blockchain technology to revolutionize logistics, thereby ensuring enhanced security, transparency, and decentralization, which will ultimately lead to increased efficiency and reduced costs. This endeavor will be extensively promoted across industries, highlighting the vast potential of Web3 integration in real-world applications.
MAXXCHAIN: Revolutionizing Logistics, Unleashing Unparalleled Efficiency
Paradigm Shift: Harnessing Logistics Prowess
Initially, MaxxChain’s objective was to differentiate itself by allocating resources to benefit its users and developers in the short term, while postponing its focus on logistics-centric endeavors to a later stage. Despite enjoying robust community support, MaxxChain faced growth challenges akin to those experienced by other blockchains and projects within this space. The classic conundrum persisted: attracting new projects required a larger user base, while expanding the user base depended on the presence of more projects. In response, the team revisited their original vision, opting to leverage their extensive logistics industry expertise with the ultimate goal of establishing a self-sustaining market, one that operates independently of chain activity, thereby drawing attention to MaxxChain from both cryptocurrency enthusiasts and those beyond the crypto sphere.