Breakdown of PWR Supply
MaxxChain operates on a proof-of-work (PoW) blockchain, which results in the minting of 5 coins with each successful block mined.
Gas fees incurred for on-chain transactions will be shared among miners, with a portion allocated to the Maxx team for ongoing chain development.
To maintain a balanced ecosystem, MaxxChain will implement fees on all on-chain utilities to counterbalance the newly minted coins through burn.
SYMBOL: PWR Power
PRE-MINED SUPPLY: 1,000,000,000 PWR
LAUNCH DATE: August 2023
NETWORK: MaxxChain
BLOCK REWARDS: 5 coins
CHAIN FORM: Ethereum Prior to EIP 1559
Distribution of Pre-Mined Supply:
BURNED: 600,000,000 PWR
TREASURY: 125,000,000 PWR
The treasury wallet will be kept for any potential VC investment that MAY arise in the future.
Also, our team has recently reevaluated this allocation and decided that a treasury of this size is no longer necessary. Starting September 8th and continuing for the next 52 weeks, we will implement a weekly burn of 1,201,600 PWR every Friday. This burn strategy aligns with the ongoing mining efforts, as 201,600 PWR tokens are minted each week. By executing this burn, we will not only eliminate the newly created tokens but also reduce the supply by an additional 1,000,000 PWR tokens on a weekly basis.
TEAM WALLET: 60,000,000 PWR
Team wallet is split among all core team members and admins who aid in the daily operations of MaxxChain and its socials. The amounts are split over 12 payments over a 24 month period beginning in August 2023.
PROVISIONS: 55,000,000 PWR
A portion of this is outstanding for OG projects LP related to relaunches and any future OTC deals for capital raises at vested schedules as well as any other marketing efforts for the chain.
EXCHANGE LISTINGS: 50,000,000 PWR
This supply will be used solely for any listing of PWR on a CEX, DEX or bridge platform.
INCUBATOR PROGRAM: 50,000,000 PWR
This is a special treasury created for projects that want to launch and help in the advancement of the chain through their project and utilities. These projects will be evaluated on a case by case basis, in conjunction with our partnership with GemPad, for an opportunity to earn additional LP to help them get started.
PHASE 1 AND 2 PRESALE: 40,000,000 PWR
$MAXX TOKEN STAKING: 20,000,000 PWR
To be used, as needed, to add to the $MAXX token staking pools as a bonus, or in times of low volume for the $MAXX Utility tokens across BSC, ETH and MaxxChain
