2021-07-14 22:28:48
Good morning, afternoon & evening everyone. I hope everyone is having a good week.
Congratulations to all our Argentinian & Italian community members
I'm sure there will be better days ahead for our Brazilian & English members
It has been a busy few weeks since the end of the ICO, we have accomplished many things but there is so much more to do.
We are adding to the team everyday and i have no doubt we will accomplish all our goals and even keep adding to our existing list of goals.
Since the end of ICO we have......
1. We have prepared legal opinion.
2. We have counted the number of tokens in circ supply.
3. We have successfully migrated from PXPv1 to PXPv2 to protect our investors and future proof the PXP token.
4. We have completed Certik audit report on PXPv2.
5. We have also made great progress in acquiring Banking and other financial licenses.
The exchange announcement is a bit like an expected mother we are waiting on the announcement to come anyday now. I would suggest to keep your eyes on the top 10 exchange platforms for any news
Lets see who can be the first to bring the news back to this great community.
Once the exchange has made the announcement we can prepare and announce the number of tokens to be burnt.
We would like to inform our community members that the initial transaction fees for PXP will be paid in Ethereum. Let me explain why....
Some People might look to abuse the system by making multiple withdrawals for small amounts in PXP. For example: 5 PXP, 7 PXP, 10 PXP, etc.
Similar to other platforms we can put withdrawal limits @ 50 - 100 PXP, but a lot of people won't be able to withdraw the funds this way. Their balance will be lower than withdrawal limit. Thousands of people invested small amounts, and they won't be able to buy more since the token sale is over. We are a community together which is why we most make decision based on the best interest for the entire community.
That's why the only way to provide the same opportunities for everyone to withdraw is to use ETH as method of payment. The fee's will be approx 0.003-0.005 ETH (depends on the fees in the network).
This will ensure that we don't suffer from network congestion since all of the withdrawals will be genuine. People with ill intentions don't like to spend real money!!
After the initial launch and when PXP has established an open market price we can then think about using PXP as the fee paying token.
Thanks again for your patience and continued support!!
Together we can do everything
We are PointPay and we are Beyond Banking
1.0K views19:28
P
