STAKING REWARDS, CXN BURN RATE AND THE IMPLEMENTATION ETA
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.
CXN Burn Rate
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. Just like staking rewards are distributed daily, burning occurs everyday.
Staking and burning mechanism will be activated immediately after the token distribution and exchange listing.
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.