Introduction
Investments in current developments are not only in the form of gold, stocks, mutual funds or real estate. The all-digital era of investment can also be in digital form such as cryptocurrencies, real estate assets, cars, ships and others in the metaverse world. PDX sees the need to create a virtual banking platform that can serve investors transacting anywhere in the world and in the metaverse. PDX virtual banking can exchange and payment processing capabilities will complement each other and build a large user adoption in the consumer and commercial world between cryptocurrencies and fiat currencies. This applies in the PDX ecosystem, which is a new global banking network that provides various retail banking services with global virtual/digital banking capabilities, of course with PDX private tokens namely PDX Coin which is supported by a large energy reserve base to support its value and price. The formal public sale process begins in the second half of 2022 with private and public pre-sales, so readers can benefit from this project, let's follow along with the article below.
PDX Coin | Crypto payments and their virtual banking capabilities metaverse
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What is PDX Coin About?…
PDX is a cryptocurrency that is at the core of a powerful new banking and financial services ecosystem based on encrypted and permissionless peer-to-peer (i.e. no middleman) payments and money transfers.
PDX coin presents unique opportunities for small businesses to reduce operating costs and grow their margins. Its decentralized nature makes it possible to exchange value without the complications of intermediaries like banks and governments, and the underlying technology, that is, blockchain, ensures secure and transparent transactions.
PDX Coin (also referred to by its three-letter symbol, “PDX”), is a compliant digital currency whose value is underpinned by energy assets.
The genesis PDX smart contract was fully deployed on the Ethereum blockchain on
August 6, 2019, as an ERC-20 token, and an updated version of the smart contract, which superceded the genesis version, was deployed to the Ethereum mainnet on June 18, 2021.
This can be viewed at the following contract address: https://etherscan.io/token/0x6a8fee0E33Cb65a7E8D21BadCA62E87639ef74B3
PDX Coin enables individuals and organizations to utilize a transparent digital currency with a physical value underpinned and backed by independently certified and audited energy assets. Each of the total number of PDX Coin tokens created will be backed by energy assets and interests in producing properties with an aggregate initial gross value approximating or exceeding the aggregate value of all PDX Coin
tokens in circulation.
Vision
Our goal is to pivot entirely to having each PDX Coin backed by units of renewable energy power generating capacity, making PDX tokens a direct representation of the value of renewable energy power generating assets.
PDX Ecosystem
consists of a new global full-capability physical and virtual banking network providing a full range of retail and business banking services, a cryptocurrency exchange business with unique attributes and a guaranteed large customer base; and a merchant payments processing business, based on the blockchain, complimented by a leading-edge proprietary mobile-enabled contactless payments app.
Technology and Development
- Blockchain
- Operational Platforms (Ethereum, Ripple, etc.)
- Smart Contracts
- Siberia Protocol
PDX will be positioned to become a global leader in setting the standards for transparency and disclosure for digital currencies, thereby facilitating its use in global trade and commerce.
Benefits
PDX-based transactions, like other digital currencies, will be recorded in a blockchain
distributed ledger. As a result, transactions in PDX Coin will be trustless, censorship- resistant, permissionless, and private. Unlike other forms of asset control or money transfer, once a transaction in PDX is confirmed by the blockchain network, it will become irreversible. PDX will utilize best available protocols for digital currencies and will help promote the ongoing change in the way global financial transactions occur by removing artificial barriers caused by legacy financial institutions, enabling:
- True anonymous digital payments anywhere in the world
- Very low transaction fees and fast processing times compared to traditional methods
- Payments between anonymous parties, ensuring privacy
BANKING AND PAYMENTS SERVICES AND OPPORTUNITIES:
PDX, alongside its own internal platform development project, may also enter into licensing and other agreements with San Francisco-based Ripple (www.ripple.com) in respect to near-term use and adoption by PDX of its payments, banking, and funds transfer platforms.
https://en.wikipedia.org/wiki/Ripple_(payment_protocol) Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native cryptocurrency called XRP (ripples).
Released in 2012, Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks." It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. At its core, Ripple is based around a shared, public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.
Token Distribution
The aggregate number of underlying PDX tokens sold, and to be sold, inthese private rounds was approximately 600,000 tokens, not including options to buy additional tokens at the same price in the near future.
We also reserve the right to sell up to an additional 500,000 PDX tokens privately, at a price to be determined, should demand warrant it, at prices that track the traded market prices for PDX Coin.
Global Public Token Sales
Commencing 2022 Q3 as first of a series
$5 billion target raise Expected to increase adoption base by up to 5 million token holders Proceeds to develop our energy assets, build our global banking infrastructure, roll out our exchange platforms, fund corporate and marketing expenses, and provide a significant boost to our R&D efforts and technology platform.
Global Token Sale Series - Use Of Proceeds Table
- Banking / Payments / Capital Markets: 64.4%
- R & D, and related Investments: 11.6%
- Corporate and Reserves; 9.8%
- Energy Group: 6%
- Marketing : 8.2%
Roadmap
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Team
PDX is established and composed by a completely straightforward, experienced and profoundly trustworthy team who will deal with the tasks and advancement of PDX and act to guarantee consistence with relevant laws of the U.S. also different purviews. PDX will be given as per the important laws in material locales. Moves of PDX tokens will be dependent upon consistence with every single appropriate law. The upkeep of PDX beginning energy resources and stores will be agreeable with laws overseeing exchanges in products, logical including the U.S. Ware Exchange Act. Budget reports connected with PDX and its energy resources will be ready as per U.S. sound accounting standards or comparable principles as may apply in different locales, and might be liable to review by a main worldwide bookkeeping firm.
CONCLUSION
PDX has been created as a digital token on the Ethereum blockchain via the ERC20 protocol. Each PDX token issued into circulation will be supported initially by independently certified oil and gas reserves, or oil equivalent.
PDX will partner with leading globally recognized institutions (audit, and petroleum engineering) in order to cost-effectively and securely build, audit, and monitor the pool of oil reserves benefiting all PDX holders.
Our stated goal is to pivot entirely out of fossil fuels and replace the token backing with renewable energy assets.
Once a PDX Coin token has been issued, it can be held, transferred, or exchanged, subject to applicable law, either in whole or in part, in the same manner as Bitcoin, Ether or other digital currencies. At any given time in its first 10 years, PDX’sunderlying reserve barrels of oil will approximate not less than the number of PDXtokens in circulation.
Join the PDX community and follow our developments on social media networks
- website: https://pdxcoin.io/
- Medium: https://medium.com/pdxcoin
- Twitter: https://twitter.com/PDX_Coin
- Telegram group: https://t.me/PDXToken
- Facebook: https://www.facebook.com/pdxcoin/
- Reddit: https://www.reddit.com/r/PDXCoin/
#pdxcoin #payments #banking #pdx #Metaverse
Author
Username : Masketert
BTT link : https://bitcointalk.org/index.php?action=profile;u=1763016
Telegram : @masketert
POA : https://bitcointalk.org/index.php?topic=5382751.msg59182310#msg59182310
PDX ERC20 Wallet Address on P2PB2B: 0x6933Ce40aFC056feddb8390c18a3cCC2a9659EE0