CXN is the utility and grand token, which powers CXN Network. It was issued during the initial phase of funding to develop CXN Network’s products. $250,000 was raised, $50,000 was released to the team, and a large part (60%) of the fund was locked on Uniswap to provide liquidity for the participants.
CXN runs on a deflationary model, furnished by a transfer tax. A portion of the tax rewards the holders while the other portion is being burnt as every on-chain transfer and unstaking are executed. This works well on decentralized exchanges and reflects why CXN has not been listed (even though we were approached by some centralized exchanges, CEX’s) on any CEX, at least, until the deflationary model stops. However, the deflationary model has been automated to only stop when the maximum supply of CXN decreases to 100M from 300M. Our choice of the transfer tax is to reward the holders while the products are being built. …
At CXN Network, we have been hard at work while following our roadmap to the nth degree. Upon the launch of the alpha version of our first product, Coxena , we are thrilled to release the look and feel of the beta, at first glance.
Total : 45,000,000 COX
1 ETH = 18,000 COX
Amount to be raised: 2,500 ETH
Minimum amount of contribution from each participant: 100 ETH
When is the airdrop eligibility phase?
There are two eligibility phases; the first phase ended in the first week of November and the second phase ended in the second week of November.
What is a snapshot and when is the snapshot?
A snapshot is a record of the addresses of CXN holders and stakers, their times of entry, and amounts of held or staked CXN; the snapshot will be done in the third week of November.
When is the actual distribution of the airdrop?
The distribution of the airdrop will be done after the token sale, slated for December and will run till Q1, 2021; the actual period of the token sale will be communicated at a later date; kindly stay-tuned. …
The COX token is a dynamic deflationary token, furnished by a transfer tax. It is built with intrinsic economy at the heart of novel functionalities, staking 2.0, on-chain referral network, LP incentive structure, and burning mechanism. The deflationary nature is dynamic as it can be stopped anytime the adoption is significant enough to offset its economy. The launch of the COX tokens has five phases, airdrop snapshot, token sale, token distribution, listing on Uniswap, and airdrop distribution. Most of the phases would be completed before the big releases (beta and app) which are slated for the Q1, 2021.
This is a Dapp and upgraded version of the staking 1.0 as the stakers do not pay any gas fee when they reinvest their staking profits. …
For the sake of this article, Coxena is an all-in-one exchange for trading digital assets at the heart of escrow, fiat on+off ramps, instant swap, and dispute resolution service. The operational models, in their entirety, are aimed at an unparalleled financial inclusion, and we are excited about the journey ahead. As the vision has always revolved around a rich user experience (UX), we are obliged to release this guide, which expedites and simplifies the trading of Gift Card for BTC (Bitcoin) and vice versa. Ride with us as we walk you through the steps!
First off, register on Coxena. …
As the community is a key driving force behind CXN Network, we believe passion and enthusiasm should be rewarded. As a result, this approach aims to reward active community members (excluding the ambassadors and the core team members) while they promote their interests, around CXN Network, on social media.
We have developed a point system for each social media channel:
Twitter: 5 points for a post and 3 points for every commented re-tweet (limited to 1 per day)
Reddit / 4 Chan: 5 points for a post and 2 points for every comment on the thread (limited to 1 per…
As digital assets whose creations leverage Blockchain technology are gaining traction among users everyday, there should be a safe platform for users to seamlessly complete their transactions, putting flexibility of payment methods, reliable security measures, extremely simplified user interface, awesome support services,etc at the center of consideration. As an upshot , we bring to you COXENA
It is no doubt that good products “speak” for themselves, and Coxena is typic; it offers a high quality platform for users to exchange their digital assets (AliPay, Gift Cards, etc) and fiat currencies (Naira, USD, etc) for Bitcoin (BTC), Ethereum (ETH), CXN Network Token (CXN) seamlessly. …
Following the smart contract (with staking and burning functions) audit, our LID-licensed pre-sale and the release of the staking Dapp (furnished by a self-sustaining deflationary model), which has seen a lot of utility as over 60% of the pre-sale CXN has been staked, over 17M CXN permanently burnt and over 6.5M CXN earned by the stakers, without increasing the circulating supply, we are excited to announce the public launch of our second product, Coxena.
Coxena is a digital-to-digital, digital-to-fiat, peer-to-peer exchange, which connects buyers and sellers of digital assets (BTC, Alts, Gift Cards, etc) at the core of escrow system, instant swap mechanics, and dispute resolution services. …
CXN token is the mother token created by the CXN Network. It will serve as a means of access to the services offered by us, and run natively on the Ethereum Blockchain. As reflected in our operational models, before, during and after the platform adoption phases, value is always created around the CXN tokens.
CXN tokens can be staked immediately after the token distribution and exchange listing. As each address-to-address incurs a 7% tax, 4% is allocated to the staking pool and spread on the stakers daily. …
At CXN Network, we aim to create significant forms of utility around the mother token, CXN. As a result, its launch in the secondary market, Uniswap,will be followed by a roll-out, which rewards holders everyday as long as an address-to-address transaction occurs.
Each address-to-address transaction would incur a 7% tax, 4% of which is distributed to stakers. To boot, when stakers unstake, a fee of 5% is incurred, and 3% of this fee is distributed to stakers.
Of the 7% incurred on each address-to-address transaction, 3% is burnt. To boot, when stakers unstake, 2% of the 5% incurred is burnt. …