Major MaxxChain Updates — Oct 13, 2023

MaxxChain: Educating Progress for Endless Potential through Proof of Work Innovation

At MaxxChain, we understand the importance of defining our unique identity that originated from abandonment and showcasing what we envision to be the next stage of crypto adoption — one step at a time. Our mission, vision and identity are not just words; they are the foundation of our beliefs and serve as a compass guiding our actions and strategies.

MaxxChain is committed to driving innovation while fostering growth through education and community collaboration. Our vision is to create a safer, transparent, and more accessible crypto ecosystem, raising the standards of growth and education in this space. These elements are central to our identity and what sets us apart from other blockchains.

MaxxChain’s journey is a testament to resilience and innovation. We prioritize transparency and collaboration, offering comprehensive education through various avenues while continuously improving our online presence. Our chain link logo, with each link ascending higher than the next, symbolizes the strength and unity among every user, project, and developer. The links between them signify the strategic partnerships we’ve formed with likeminded entities, such as GemPad and BlockBlend, ensuring inclusivity and accessibility for all.

Knowledge for Change: Spaces for Education and Engagement

To further set ourselves apart and actively engage with our community, we have recently introduced two new initiatives using the Twitter Spaces platform:

1. “Knowledge is PWR”: We’ve launched a weekly series on Twitter Spaces called “Knowledge is PWR.” This series is designed not only to deliver information but to create an interactive space where participants can ask questions, share insights, and actively participate in the learning process. It offers comprehensive education on various crypto topics.
2. “Exploring MaxxChain”: In addition to “Knowledge is PWR,” we’ve initiated a separate weekly series called “Exploring MaxxChain.” These sessions provide projects on-chain, or those about to be listed on-chain, the opportunity to share details about their projects and their contributions to the chain. The goal of this initiative is to foster collaboration among projects, provide transparency to our users, and offer a deeper understanding of the various projects within the MaxxChain ecosystem.

Ever-growing Knowledge: Expanding Educational Platforms

Just as we have introduced our Twitter Spaces initiatives, we plan to expand these educational programs across all social platforms as we understand the significance of an extensive online presence. Our ultimate goal is to empower users, project owners, and developers of all skill levels with the tools, information, and resources they need to thrive in the crypto space. Building a blockchain was just the first step in our journey.

Embracing Challenges and Transformation

Our journey with Maxx token began with the vision of laying the foundation for an emerging blockchain. However, unforeseen obstacles, rug pulls, and the abandonment of this chain forced us to reassess our path forward. Despite these difficulties, during our $MAXX BSC token presale, we made the crucial decision to pivot towards the development of our own blockchain while preserving our vision for $MAXX tokens. This journey was filled with challenges, but it reinforced a powerful message — setbacks within the crypto space can be surmounted if approached with the right mindset and determination.

MaxxChain was born from this transformative experience, with the primary goal of instigating positive change through education and collaboration among users, project owners, and developers. While some decisions faced resistance from the community, our priority has always been to ensure the long-term growth and success of both MaxxChain and our dedicated $MAXX token holders.

A Migration to MaxxChain

To focus entirely on the development of MaxxChain, we have made the difficult decision to announce a migration plan for all $MAXX BSC and $MAXX ETH holders to $MAXX PWR on MaxxChain. This migration is a testament to our commitment to the growth of both MaxxChain and our $MAXX utility token holders.

Current holders on the BSC and ETH sides are encouraged to make an informed choice. Please note that a snapshot has been taken, and only existing holders are eligible for the transfer to MaxxChain. Buys made after this moment will not be eligible for an airdrop of $MAXX PWR tokens on MaxxChain. The migration window will be open for at least 30 days, I will advise of a final date early next week, after which the only option available will be to sell $MAXX BSC or $MAXX ETH tokens and receive your share of the remaining liquidity within the contracts.

For holders with staked wallets, the staking platform will be paused on Monday, and all unstaking fees and rewards will be reduced to zero. To repeat, this will be done on MONDAY, OCTOBER 16TH and a time will be posted in our Telegram chat. We urge all stakers to unstake their tokens when advised on Monday and decide whether they wish to continue their journey with $MAXX on MaxxChain or liquidate their positions. All outstanding PWR rewards from both BSC and ETH staking platforms will be transferred to the MaxxChain staking platform.

Note that for all transfers to MaxxChain, you will receive a 1:1 airdrop of tokens while we will also inject liquidity into LP to match the new holders on MaxxChain. That is to say, you will have the same value, if not higher, than the value you held on BSC or ETH.

More detailed information on the BSC/ETH to MaxxChain migration will be provided in a forthcoming outline early next week.

New MaxxChain Utility Announcement

Earlier this year, we unveiled the MaxxFX platform to our community. The platform, however, was not released as we aimed to accumulate more data to ensure its rate of success. After several months of trading, we now have great confidence in the capabilities of this trading algorithm and are ready to release it to the community. In that time, we have also eliminated various entry barriers, making this tool accessible to ALL members of our community.

Introducing the MaxxChain Stablecoin Staking Platform

• Stake USDT-BEP20 for Lucrative Rewards: Users will have the opportunity to lock their USDT-BEP20 stable coins for a 6-month period, and in return, receive monthly rewards. These rewards are earned based on a sophisticated trading algorithm, ensuring a dynamic and competitive return structure.
• Defined by Past Success: While we did not move forward with MaxxFX, the trading algorithms within the platform produced an impressive compounded return of 400% over the last 6 months, accompanied by average monthly returns ranging from 5% to 60%. We anticipate that the returns from this staking platform, which will be more crypto-based, will be closely aligned with the algorithms behind MaxxFX.
• Data-Backed and Thoughtfully Executed: The delay in launching this platform was a deliberate measure to ensure that the results were backed by a substantial dataset, validating the expected returns. The success of the original trading algorithm, which initially generated returns exceeding 120% when first announced, underscores the exceptional performance expected from this platform.
• Seamless Integration for DeFi Enthusiasts: This platform is designed to provide a seamless experience for our DeFi community. There is no need for separate FX accounts or monthly subscription fees. Users simply need to connect their wallets to the dapp, pledge their USDT-BEP20, and begin receiving rewards. While deposited amounts cannot be withdrawn until the 6-month period concludes, monthly rewards can be withdrawn or reinvested for maximum returns.
• 12-Month Program: The program is structured to span 12 months offering users a compelling opportunity to stake their assets and benefit from our time-tested trading algorithm.
• 20% Fees with a Unique Feature: Users will be subject to 20% fees on rewarded amounts while 7.5% of that will be directed back to MaxxChain, establishing a new revenue stream for the chain.
• Transparent Performance Metrics: Following our commitment to transparency, we will provide weekly performance results for the community to review and assess.
• Finalized User Interface and Immediate Deposits: While we are in the final stages of refining the user interface, we will start taking deposits early next week, allowing you to commence the process of earning rewards.

At the conclusion of the 6-month lock period, you will have the flexibility to withdraw your deposits or continue staking them for sustained rewards. Following 12 months, our team will conduct a comprehensive evaluation and provide guidance on the potential for another program.

We are enthusiastic about the opportunities this platform presents, both to our community and the broader ecosystem as it presents another revenue source for MaxxChain.

Details for setting up deposits, as well as on the platform’s performance results achieved thus far, will be provided early next week.

Disclaimer: Historical performance should not be construed as a reliable indicator of future performance and should not be viewed as a guarantee. It serves as a reference to our past track record. It’s imperative to acknowledge that staking for a variable return may yield negative results. When you engage in staking, you assume the associated risks from the outset.

Expanding Our Reach with wPWR on ETH

Acknowledging the need for diversification and growth, we are actively exploring ways to build upon our existing foundation and expand our ecosystem. Our primary challenge lies in broadening our reach beyond our current contributor and supporter base, many of whom have been with us since our inception.

To address this challenge and amplify our presence, we are reaching out to new projects and their communities, aiming to increase the number of chain holders. However, persuading individuals accustomed to well-established chains such as ETH and BSC presents its complexities.

Re-establishing our mission, vision, and identity was just the first step in attracting the spotlight to our chain. To truly achieve this, we must place a greater emphasis on marketing and advertising. Yet, we understand that marketing a project in the crypto space, especially a blockchain, is a challenging endeavor, both in theory and financially.

To overcome this challenge and boost our growth, we propose to launch wPWR on the Ethereum network. This initiative will:

• Introduce a new DEX listing for wPWR, expanding our reach to Ethereum users.
• Eliminate the immediate need for a costly CEX listing, conserving valuable resources.
• Conduct a presale on a launchpad platform with funds primarily allocated to liquidity on the Ethereum network, enabling additional marketing efforts and essential development work to bridge the wPWR token on ETH with MaxxChain.
• Ensure a fair launch for the wPWR token, with any funds raised above the soft cap giving the opportunity for us to see increased volume and demand for PWR within Coinstore and the PWRSource bridge.
• Provide raised liquidity that benefits current users, opening doors to and from MaxxChain, showcasing the DeFi side of the Ethereum chain.
• Back the wPWR token on ETH with actual PWR coins allocated for CEX listings, allowing seamless movement between the ETH and MaxxChain networks.
• Utilize the fairlaunch platform as a powerful marketing tool through our listing, which will be portraying our already established MaxxChain ecosystem, enticing potential projects and developers to join MaxxChain.

Detailed information for our fairlaunch of wPWR token on ETH, as well as its marketing plan, will be released sometime next week.

Community Support and Long-Term Growth

We recognize that the journey ahead involves significant changes, including the new stablecoin staking platform, the migration plan for $MAXX tokens and the introduction of wPWR token on the Ethereum network. These decisions, as always, have been made with our long-term commitment and growth for MaxxChain. While challenges and changes are part of our story, they have also been pivotal in shaping MaxxChain into what it is today and we look forward to seeing what we can bring next.

Thank you, as always, for your continued support.

The Maxx Team