PDX Coin — First True Crypto-to-Fiat Payments and Banking Platform

cryptoinmind (30)in #pdx • 2 years ago

Overview

The world is experiencing a revolution that began timidly in 2009 with the operationalization of the Blockchain concept and the BITCOIN cryptocurrency, a revolution that has been gaining more strength every day. The vast majority of existing merchants, and services vendors, don’t yet accept cryptocurrencies. This is due partly to the volatility of the market, as well as the lack of existing payment infrastructure, and their overall inability to be used within quick micro-transactions. PDX is developing a method to enable universal de facto crypto payment acceptance through its new send/receive app that instantly exchanges crypto for fiat during the transaction.

What is PDX?

PDX Coin is a global payment and digital banking platform that is being built as an on-ramp to enable hundreds of millions of retail users, institutions, merchants vendors, and other ecosystem partners worldwide to fully participate in the crypto economy freely and easily with instant conversions and low fees.

Goal of PDX

The goal is to make PDX easy to use and hence attractive to token holders, as well as easy to accept and convert, and hence attractive, to merchants, who will also pay much lower interchange fees. and no longer incur ongoing technology changes.

PDX is developing products and services across the DeFi and NFT spaces, and also plans to introduce by 2024 a regulated platform to trade digital shares of most publicly held companies globally, 24/7, as well as new underwritten digital share placements by those companies, taking into account the required compliance and registration requirements of the many and various global regulatory regimes.

Benefits of PDX Coin

PDX Coin is a reliable store of value, medium of exchange, and unit of account — PDX is developing an in-house banking infrastructure, which enables any point of sale terminal to have installed a simple IOS and Android-supported application which runs to receive cryptocurrencies as simply as it does fiat money. This works for merchants because PDX swaps out the crypto for the merchant’s preferred currency, which PDX settles almost instantly, while at the same time enabling the crypto owner to easily spend that crypto for the first time.
PDX Coin will enable holders of other digital or national currencies to lock in gains and/or protect against adverse declines in value due to inflation, volatility, or currency devaluation.
Metaverse Currency — The Metaverse is the rapidly emerging immersive 3D evolution creating a vast parallel economy predicted to be worth tens of trillions of dollars in the coming years. However In the metaverse, traditional payment methods are not suitable, and crypto-based payments will be the standard. Alternatively, cryptocurrency payments and the blockchain are the ideal ramps for metaverse payments due to their digital attributes, superior security, and ability to verify on an immutable ledger.

PDX will enable easy payments in the metaverse without disrupting the flow of the experience. Whether you are purchasing designer clothes for your avatar, buying music in a virtual store, or playing in a virtual 3D poker game, you will want to do so without having to exit or being distracted in the virtual environment. As part of its crypto-to-fiat payments and banking platform, PDX will enable direct payment using not just the native PDX Coin token, but also many of the other most liquid and widely held cryptocurrencies, which will also be hosted on its app.

PDX Ecosystem

The 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.

The PDX payments application will be linked to a digital banking platform, as well as an exchange platform. These platforms are designed to be separate but interoperable, enabling each platform to be linked to and accessible from the others, making it easier for PDX to cross-sell users on one platform, to services on another.

PDX will also create its own custom wallet, built into its payment app, with a special user experience, including all of the virtual banking and DeFi features that will be available. Holders will send tokens to a public wallet address, which can be accessed as a QR code or long-form key. The user will send the tokens in the same way. The user experience would be identical to other extant cryptocurrencies.

SIBERIA Blockchain Protocol

PDX developing a new DeFi blockchain protocol named “Siberia”. This new blockchain will sit above PDX and be governed as a fully decentralized and independent blockchain by an outside body, such as a foundation. The goal is to complete the development and testing of the Siberia blockchain by late-2023 and release it at that time. PDX Coin at that time will migrate off the Ethereum blockchain, and onto the new Siberia blockchain. This will provide PDX with vastly improved transfer and transaction speeds at next to no cost, and without the need for a middleman mechanism, as with ETH, to effect a transaction.

The Siberia blockchain protocol is being built based on smart contracts and open-source, and third-party developers and projects will be encouraged to develop and launch on it. The blockchain will be a multi-chain, multilayered, and sharded protocol, enabling many applications and transactions to be run simultaneously, with interoperability between different blockchains. It will use a Proof-of-Stake consensus mechanism, and all holders of the Siberia Protocol’s native coin will have a say in its operation.

Backed by energy assets

Each of the total numbers 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. 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 Token

PDX Coin is an ERC20 utility token, which will trade and be known as PDX. PDX is a digital currency that is at the core of a powerful new banking and financial services ecosystem based on encrypted and permissionless peer-to-peer payments and money transfers, globally, that solve multiple problems. It is also being positioned as a leading payments channel in the Metaverse.

Utility of PDX Token

PDX Coin holders will be able to make instant payments and transfers anonymously, instantly, anywhere in the world, and their data will be stored on an immutable blockchain, making it indestructible, theft-proof, and impossible for anyone else to know without their knowledge and approval.
PDX will disrupt the global payments processing industry, and the way banking and everyday payments are conducted between cryptocurrencies and fiat currencies and will build a unique, cutting-edge cryptocurrency exchange platform that complements unique and proprietary crypto-to-fiat mobile-enabled payments app.
PDX’s banking, exchange, and payments processing capabilities will feed off each other, which in turn will lead to massive user adoption in the consumer and commercial worlds. That, in turn, will lead to large-scale and increasing acceptance of PDX Coin as a means of payment, by merchants of goods and services, globally, which in turn leads back to more and more consumer acceptance usage of PDX as a means of payment and store of value
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.

Tokonomics

Token Name: PDX Coin
Token Ticker: PDX
Network: ERC-20
Total Supply: 5 Billion

Where to Buy?

Currently, it is trading on P2PB2B and Vindax exchange. It plans to list on the biggest decentralized exchange, Uniswap, as early as the end of February 2022

Conclusion

The PDX Coin payments processing architecture is entirely new and the app will allow all major cryptocurrencies to become instantly liquid and spendable in tens of millions of locations around the world; speeding up the opening of the crypto economy to institutions, merchants, and other ecosystem partners worldwide. The easy-to-use app will enable everyday purchases using all major cryptocurrencies. PDX is targeting at least 250 million downloads globally by the end of the decade as crypto mass adoption continues to grow. PDX is designed to be simple and to function as a usable day-to-day currency, as crypto adoption continues to take hold. Even a cursory examination quickly shows that none of the other so-called “cryptocurrencies” could ever really be seen or used as a CURRENCY. PDX has a purpose, functionality, and critical mass.

PDX Coin — First True Crypto-to-Fiat Payments and Banking Platform

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