The PAX foundation and BLOCKCHAINSTORY CO. Ltd first focused on middle and South American states such as Colombia, Peru, Ecuador, Venezuela, and Brazil. Though these states have huge natural resources and they’re in a position of financially weak states due to wobbly economies.
Due to the fast decline in actual cash value, the marketplace is not performing its usual activities with extremely less SELFRELIANCE, and the national ecosystem and system also have several obstacles. As an outcome, the intro of a new economy is expected to be an urgent problem and the intro of the technology of block and the digital coin is expected to overcome these issues.
BLOCKCHAINSTORY and PAX Foundation have been marketing the development of national public digital coin and a range of alternative digital coins in middle and South American states. In addition, they’ve created a lot of preparation for the establishment of a digital coin trading exchange ecosystem and payment and settlement ecosystems and systems so that digital coins can flow easily in the actual financial system, and they can provide a stable block chain platform in middle and South America this year.
Soon PAX COIN (which belongs to the mode of digital coin 2.0) will be applied by each one in the deal, import/export for the actual environment of Venezuela.
South America and middle states have an environment where the technology of block chain is most helpful. The intro of the block is rapidly required to enhance the circulation system of existing money and stabilize the national economy.
For instance, in Venezuela, the economy is not featuring usually due to the declining worth of existing Bolivar, so GOVT has released petroleum backed nationwide digital coin applied the USD as its official money due to functional paralysis of its money in the late 90s. while applying the USD has helped to escape the economic issues and stabilize costs, there’ve been several issues.
According to the BCE (Central Bank of Ecuador), export competitiveness has weakened because of the absence of policy measure to set the trading exchange rate. There’s also the issue of crime as currency laundering and counterfeit bills, and because of the humid and hot weather, the bills are quickly burned and there’s a cost issue for exchange bill.
In particular, it costs three million USD each year to exchange USD for the new one. So its GOVT’s digital money system that comes out as an actual compromise. The digital coin, known as effective, was released in Dec 2014 and was recognized as the world’s first GOVT issued digital coin, but Ecuadorian people are turning away new e-cash due to the GOVT’s failed economic system.
The BLOCKCHAINSTORY and the PAX Foundation have publicized the advantage of Korea’s technology of block to these states and discussed a range of Business Corporation.
The present cooperation sectors are:
• Development of Digital coin that can act as a national key money
• Development of 4-5 kinds of digital money to support the feature of key money
• Establishment of the money exchange ecosystem
• Development of payment/settlement ecosystem that can be applied in real life
In order for a digital coin to have a sturdy vitality and to develop its own system, a lot of users have to join and be capable to actually utilize them in dealing, mining and utilize it in actual life. To be capable to do this, the block tech the networks have to be maintained reliably, and several general uses should be capable to actively contribute in mining to have the precious digital coin at a lower rate.
For more details about the PAX COIN please visits these below links:
• Website: https://www.pax-coin.io/
• Whitepaper: https://www.pax-coin.io/download/PAXCoinWhitepaperEnglishv1.pdf
• ANN: https://bitcointalk.org/index.php?topic=5061285
• Telegram Group: https://t.me/PaxCoinChat
• Bounty: https://bitcointalk.org/index.php?topic=5061623.0
Bitcointalk username - tanisuddi
PAX address - PKbVFw1Pn9p1u7mJ4vH8RtJwoGrVR4Zzgy