STAKING REWARDS, CXN BURN RATE AND THE IMPLEMENTATION ETA

Staking Rewards

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.

Implementation ETA

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.

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COXENA

COXENA

Coxena is a mix of an exchange and a wallet. The exchange supports spot trading, P2P & instant swap while the wallet integrates fiats and crypto assets.