Hi guys and girls,
We are at the cusp of Pundi X Chain launch, and PURSE token is part of the puzzle (project name:PR token). PURSE token is a loyalty and reward token designed and named by the community. It act as a loyalty and reward token to claim various physical and virtual items. Candidates include NFT, XPOS gift, lucky draw, discount vouchers etc. It also functions as transaction mining reward to expand XPOS usage. The team have no plans to give monetary value to this token.
Here’s a TLDR recap of the initial token allocation and tokenomics. For the ultimate token design explanation read @Danny 's PUNDI X Chain — Evolving from dApp to Blockchain for an extended explaination how PURSE is designed.
Initial token allocation
- The initial supply will be distributed to $PUNDIX holders and through a 1:1 conversion for $NPXSXEM holders.
- If you already hold PUNDIX in private wallet you can claim PURSE.
- After Pundi X Chain launch this week, you can delegate your PUNDIX to secure the chain and earn PURSE.
- PURSE is used a reward token to claim various physical and virtual items. They include NFT, XPOS etc.
- PURSE is has a annual generation of 2000 - 4000% and are rewarded to PUNDIX token holders that help secure the network (apart from the initial token allocation).
- The initial supply is 64 billion PURSE tokens. There is no maximum supply.