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. Also, when stakers unstake, 5% fee is incurred and 3% of the fee is, again, distributed to the stakers.
To create value around the CXN token, the total supply decreases everyday as long as an address-to-address transaction occurs. 3% of th 7% tax fee is burnt everyday. To boot, when stakers unstake, 2% of the 5% incurred is burnt.
Discount on the Transaction Fees
Users have the option to pay the transaction fees on the platforms with the CXN tokens, and while doing this, they will enjoy a 50% discount during the adoption phase. This will create a demand for the token as the platform gains adoption.
Mobile Data and Broadcast-Satellite-Service Subscription
Through the app, users will be able to subscribe to data-service and broadcast-satellite-service providers with their CXN tokens. This is definitely a form of utility and would create a demand around our native token.
When the users save via the savings facet of the platform, higher annual percentage rate can be leveraged with the CXN tokens. If the regular savings has, say, an APR of 10%, CXN would give a better APR
The investment facet of the platform can be better leveraged via the CXN tokens as it gives the users access to much better ROI
The different markets, which influence better investment decisions, can be best leveraged via the CXN tokens.
CXN tokens can be leveraged to unlocked capital while taking a punt on the upside potential.
Listing of New Tokens and Coins
Listing fees will be paid in CXN tokens — another form of utility, another form of demand!
The Launch of COX
When the beta version of the exchange, with lots of UI updates, and the app (powering the exchange, lending, savings and investment facets) launch, a massive campaign (aimed at dominating the markets we are targeting) will ensue. This will be powered by COX and a public sale, and the holders of CXN will be eligible to receive COX as well.
Access to the Services Offered by Future Products
CXN tokens will be a tender on the subsequent platforms released by the CXN Network in the future.
As we roll-out our products, models (which create value around the CXN tokens) will be implemented.
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.