Introduction
PDX Coin is at the pumps of worldwide payments and electronic banking basement that target to allow hundreds of millions of retail users, merchants, institutions, and ecosystem partners to participate easily in the crypto economy with instant conversions between digital and fiat currencies. Through the upcoming virtual banking services and payment apps, all major crypto assets supported by the platform will become instantly liquid, and available across tens of millions of locations and online sites around the world. By 2024, PDX plans to also introduce a regulated platform to trade digital shares of most publicly held companies, as well as for cryptocurrencies.
Financial statements and resource estimates related to PDX and its energy assets will be prepared in accordance with generally accepted accounting principles in the U.S. and the petroleum and power generation industry reporting standards, or similar standards that may apply in other jurisdictions, and may be subject to independent audit. PDX Coin token holders are expected to only be taxed on profits (or losses) from the sale of their PDX Coins.
PDX was originally based on a blockchain that supports the Ethereum platform, to provide a robust and decentralized method of verification, tracking and exchange. The Ethereum blockchain is expected to provide an auditable and cryptographically secure global ledger and will facilitate transactions with other known currencies and assets. We hope that in the near future the entire PDX platform will be migrated to the newly developed blockchain platform, to achieve even higher security and more. faster transaction speed, and higher transaction capacity, with significantly lower user fees.
Features of PDX
It is based on encrypted and permissionless peer-to-peer (no middleman) money and global payments.
Coin holders will be able to make payments and transfers anonymously, instantly anywhere in the world, and in the metaverse.
Data will be stored on an immutable blockchain, making it indestructible, theft-proof, and anonymous.
PDX virtual banking, exchange and payments processing capabilities will feed off each other and build a large user adoption in the consumer and commercial world.
PDX’s objective is to capitalize on its crypto payment and virtual banking capabilities in the conventional world, we are building our technology and product base in anticipation of a fully functioning and heavily populated metaverse in the near future. The project aims to provide all of its banking and defi products and functions in the metaverse, in addition to being a leader in retail and commercial payments. Consequently, this applies to as many types of compliant DeFi products and services as possible across as many legal jurisdictions as possible.
In the near future, PDX intends to invest in and form long-term partnerships, joint ventures, and alliances with content developers in the fields of sports, gambling, gaming, and other entertainment. A goal of this project is to be involved in the creation of popular metaverse destinations that are serviced exclusively by our payments and financial platforms. Content creation will also be a significant component of our soon-to-be-announced Siberia blockchain protocol.
PDX Coin today outlines how its crypto-to-fiat instant payments and virtual banking platform being developed by PDX and its technology partner, Unified Infotech, will easily enable payments in the metaverse.
PDX, led by a highly experienced management and technology team across several continents, will enable easy payments in the metaverse without disrupting the flow of the experience. PDX Coin, the platform's native token, is already trading on leading crypto exchange p2pb2b.
Goals of PDX
PDX Coin is an ERC20 utility token, which will trade and be known and identified as both “PDX Coin”, its formal name, and as “PDX”, its three-letter symbol, and may be referred to herein under either designation. PDX due to its sheer scale and scope represents the creation of a true global shadow financial system.
PDX is a digital currency that is at the core of a powerful new banking and financial services ecosystem (the "Three Pillars" platform) based on encrypted and permissionless peer-to-peer (i.e. no middleman) payments and money transfers, globally, that solves multiple problems. It is also being positioned as a leading payments channel in the metaverse.
Complete the development and testing of, and launch, the Siberia Protocol, our new DeFi Proof-of-Stake multilayered and sharded blockchain project, by the end of 2023. PDX Coin will migrate away from Ethereum and onto this new blockchain. All PDX tokens to receive a dividend distribution of the Siberia Protocol native coins, adding strongly to the PDX value equation.
The top disruptive business opportunities for PDX
Global crypto-to-fiat business and consumer payments. and virtual banking
Tokenization, trading and underwriting of traditional equity assets (shares)
The $700 billion global remittances market
The tokenization and funding of renewable energy sources
DeFi products and services based on PDX Coin
The metaverse
PDX Coin holders will be able to make instant payments and transfer anonymously, and 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.
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.
Banking / Payments / Capital Markets : 64.4%
R & D, and related Investments : 11.6%
Corporate and Reserves : 9.8%
Energy Group : 6%
Marketing : 8.2%
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.
Contact Information:
- Website: https://pdxcoin.io/
- Whitepaper: https://pdxcoin.io/files/PDX_White_Paper_December%202021.pdf
- Twitter: PDX Coin (@PDX_Coin) | Twitter
- Telegram: PDXCoin
- Reddit: PDXCoin • r/PDXCoin
- Medium: PDXCoin – Medium
- Facebook: PDXCoin
