A Reward token allows users to participate in NFT auction and airdrop, discount vouchers, gamification items, collectibles and more. This reward token will benefit active token holders because to claim the reward token one has to move $PUNDIX from ERC-20 into Function X and stake. We may bridge the reward token to BEP20 to take advantage of Binance’s ecosystem.
I propose to NOT have any team allocation and all minted token will go to the community. What we want is for active $PUNDIX hodlers to stake and own it. Nothing is set on stone, and at this point, the reward token is just an idea.
What yall think?
**** 2nd June updates ******
Key talking points.
Reward token rewards $PUNDIX hodlers. It also incentivizes XPOS usage, expands Pundi X Chain’s ecosystem, and increases $PUNDIX value.
Reward token exists in BEP20 & Function X. With initial supply airdrop/claim in BEP20 and subsequent staking in Function X. Supports cross-chain between Function X and Binance Smart Chain.
Reward token will be used as rewards, gamification (lucky draw / lottery), discount voucher, redemption for NFTs and other tokens. Such rewards are in Pundi X Chain and BEP20.
$NPXSXEM will be fully absorbed into reward token, thus sunsetting $NPXSXEM totally.
No preminted or allocation in any form for team. All initial supply goes to absorbing $NPXSXEM tokens and distribution to $PUNDIX holders. Subsequent reward tokens are claimable via fair staking in Function X. Reward token are bridged between BEP20 and Function X.
Proposed initial supply created in BEP20
|Number of token||%|
|Fully absorbs $NPXSXEM (1:1)||44,762,598,386.83||69.94%|
|Distribution to $PUNDIX holders||19,237,401,613.17||30.06%|
|Initial total supply||64,000,000,000.00|
- After the initial supply $PUNDIX holders will be able to stake $PUNDIX for reward tokens.
- Tokenomy adopts the BDL model, which is Transfer = Burn + Distribution +Liquidity (‘BDL’). It is not meant for speculation but will have a deflationary mechanism designed in place.
These are proposed points to be discussed and nothing is fixed. Once decided there will be an official announcement (which means final announcement won’t be in the thread).
**** 5th June updates ******
Here’s the Request-for-Comment for the new Pundi X Reward Token. This forum is the place to discuss and debate it.