As most of the community members are aware, $CXN (ERC20) was meant to be the native token, which backed CXN Network, of which Coxena was a subset. CXN Network was an umbrella, under which a lot of products were to be deployed. However, the on-chain economic model of $CXN was very limiting as the in-built tax was static, driven by a 7% fee on each on-chain transfer between two wallets.
As a result, we have decided to rebrand CXN Network completely to Coxena, backed by $COX, BEP20, and there is an allocation of $COX for all CXN holders; the rate is 2:1 (CXN:COX).
Going forward, our focus will be majorly on $COX and Coxena (exchange and wallet).
This has been discussed many times within the community and, fortunately, a lot of community members are on the same page with us.
COX TOKEN SALE
We are committed to securing media to run the $COX token sale in June and will keep the community abreast as things, in that regard, unfold.
We are just integrating lots of options that will ensure the campaign and sale are a success.
Should in case you have any question, kindly reach out via our social media outlets and we would be glad to clarify things. Thank you!
