COX — THE FIRST DYNAMIC DEFLATIONARY TOKEN

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.

Functionalities

Staking 2.0

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. It allows COX holders to stake their tokens and earn from the on-chain, address-to-address, liquidity removal, and unstaking transactions.

Each form of transaction has its associated charge and a part (to be communicated later) of it is distributed to the stakers.

The staking rewards are earned when the ecosystem participants buy, sell, unstake, and remove liquidity. To boot, the rewards are earned occasionally when the transaction volume is markedly low. In summary, the reward sources are:

  • Address-to-address transfer tax
  • Reward pool
  • Unstaking fee
  • Liquidity removal fee

On-chain Referral Network

Right from the COX token sale, the participants are able to build their networks on-chain and earn when they buy in the primary and secondary markets. The reward sources are:

  • Address-to-address transfer tax
  • Token sale

LP Incentive Structure

With the COX token, participants can add a liquidity pair (COX-ETH and CXN-ETH) and earn from the transactions in the ecosystem. The reward sources are:

  • Unstaking fee
  • Liquidity removal fee
  • Reward pool
  • Address-to-address transfer tax

Burning Mechanism

As transactions(buying, selling, liquidity removal, and unstaking) occur, a portion of it is sent to a burning address. This decreases the total supply everyday and contribute to the network value and market confidence around COX.

Launch Phases

Airdrop Snapshot

The COX airdrop is time-based and rewards both the holders and the stakers of CXN. During the first week of November, for stakers, staking 4 CXN allows them to receive 1 COX, and, for ordinary holders, holding 6 CXN allows them to receive 1 COX. The ratio drops, in the second week, to 1:6 for stakers and 1:8 for ordinary holders. The snapshot would be taken in the third week of November, and the participants must stake or hold till the token sale of COX is over as there’s a 70% (in COX) penalty.

The other phases of the COX launch would be explained in a future article; stay-tuned for the full details.

About CXN Network

CXN Network is a tech start-up, which aims to implement solutions in various industries in response to available and viable market opportunities. The leverage of Blockchain and other components of the fourth industrial revolution is at the core of our operations, and the implication of our operational models is we could deploy centralized and decentralized products in any industry as long as the growth potential indicator is positive.

Our mission is to build robust platforms, which can withstand any amount of influx, cast off any security threat, and stand the test of time(as regards positive users’ experience and feedback). To boot, we strive to make CXN Network one of the largest, tech-solution companies in the world in terms of safety, quality products, trust, active support system, and simplified user interface.

At the inception, the primary target is the financial-inclusion markets upon the discovery of viable market opportunities presented by this domain. As a result, our first products will be released with a tactical approach, which inherently grows its influence and is tailored to the target.

CXN Network is a research-and-deploy start-up,which aims to build products around centralized and decentralized finance, at the core of deflationary tokenomics

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