MAXXCHAIN: EMPOWERING LOGISTICS UNLEASHING EFFICIENCY
What Is MaxxChain?
MaxxChain is an EVM Layer 1 Proof-of-Work (PoW) blockchain network designed to prioritize decentralization, security, and programmability. It operates on the Ethereum Virtual Machine (EVM), enabling the creation of complex smart contracts and fostering decentralized application (dApp) development. Born from abandonment, MaxxChain is building its own foundation with commitment to education, collaboration and innovation with a vision to revolutionize the logistics industry using Web3 technologies.
Strategic Shift: Leveraging Logistics Expertise
Initially, the goal for MaxxChain was to differentiate themselves by dedicating resources to benefit their users and developers in the short term while pushing focus towards its endeavors within the logistics space to a later term. Despite strong community support, MaxxChain faced challenges in growth, similar to other blockchains and projects within this space. Attracting new projects required more users, and attracting users required more projects. The team then revisited their original vision, deciding to leverage their logistics industry experience with an ultimate goal to establish a market that operates independently of chain activity, aiming to draw attention to MaxxChain from both cryptocurrency enthusiasts and those outside the crypto sphere.
How Many PWR Coins Are There in Circulation and What Is Their Distribution?
The pre-minted total supply of PWR coins is 1,000,000,000. The distribution is as follows:
- Over 75% have been burned since chain deployment - several wallets for future use have been eliminated while the team wallet was cut by over 50%
- 12.5% was initially held in the Treasury wallet for potential VC investments however, the team is burning 1,201,600 PWR each week for 52 weeks to combat the 201,600 PWR that is minted from mining, as well as, an extra 1,000,000 PWR. The team will continue burning at least 201,600 PWR for an addtional 52 weeks.
- 3% is allocated to the Team wallet, divided among core team members and admins.
- 3.5% was allocated for OG projects LP and OTC deals.
- 1% is designated for exchange listings on CEX, DEX, or bridge platforms.
- 4% was allocated for Phase 1 and 2 presales.
- 1% serve as a reserve for Nexus token drip rewards in low-volume situations on MaxxChain.
Currently (as at Feb 20 2024) there are just over 239M PWR in total ciruclation while almost half is held by the team Treasury. The cirulating supply can be reviewed at https://supplyapi.maxxchain.org
Where Can I Trade for PWR Coin?
You acquire PWR coin in wrapped format on Uniswap paired with wETH. Users can then use the Sphynx Labs bridge to move wPWR between Ethereum and MaxxChain. The team is currently seeking a new CEX listing and will advise when listing will take place.
What Makes MaxxChain Unique?
MaxxChain's uniqueness lies in its unwavering commitment to decentralization and security. By utilizing the PoW consensus mechanism, MaxxChain ensures that no single entity has control over the network. This guarantees the security and immutability of transactions, making MaxxChain a trustworthy platform for users, developers, and projects.
Additionally, MaxxChain will be the backbone of the teams ventures into the Freight Factoring services space in the United States producing a real life use case for the chain that will produce an extremely lucrative revenue stream outside of crypto, independant of the movements of other cryptocurrencies.
How Is the MaxxChain Network Secured?
The MaxxChain network is secured through the PoW consensus mechanism. In this model, miners validate and add transactions to the blockchain, receiving 5 newly minted coins with each successful block mined. To ensure ecosystem sustainability and counterbalance continuous coin minting, MaxxChain implements fees across all on-chain utilities. This practice prevents inflation and maintains a balanced and stable environment. A weekly burn from the Treasury wallet further combats inflation, introducing a deflationary aspect to the PWR coin's supply.
What Kind of Support Is Offered to Users, Projects, and Developers?
MaxxChain offers comprehensive support to its ecosystem participants. Projects launching on MaxxChain benefit from 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. Users, projects, and developers can access a Knowledge Base with resources for all skill levels.
What Is MaxxChain's Business Model?
MaxxChain's business model encompasses multiple revenue streams and value-added services with its primary source being the future Freight Factoring services business. Transaction fees generated within the ecosystem, service fees for projects, and revenue from ad space and promotion contribute to its growth. Overhead costs are kept minimal, optimizing technology infrastructure and utilizing legal and administrative services as needed. Collaborations with strategic partners may involve financial commitments and joint investments to support ecosystem expansion.
What Is MaxxChain's Marketing and Sales Strategy?
MaxxChain's marketing and sales strategy focus on targeted marketing campaigns, community engagement, and strategic partnerships through its dedication to educational content development on all social platforms. The team will also use marketing funds from the Freight Factoring business to promote use of both the services and MaxxChain. These efforts aim to drive adoption and awareness within the cryptocurrency and blockchain space, ensuring the ecosystem's success and growth.
Additionally, MaxxChain aims to leverage blockchain technologies to modernize logistics, providing security, transparency, and decentralization for improved efficiency and reduced costs - an effort that will be highly advertised among the industries showcasing the potential of Web3 integration into real world use cases.