What is PRX Staking?

Staking is the lending of cryptocurrencies to achieve a variety of outcomes, such as extending loans, validating network transactions, earning interest or gaining new crypto tokens (yield farming) as rewards.

Is Staking PRX profitable?

By Staking PRX, users could earn passive interest, similarly consider that the process can be liken to storing money in a saving account. After depositing funds, traditional banks will invest funds or loan them out to others. With the earnings they collect, they then redistribute a portion to users, either daily, weekly, or monthly

PRX holders can stake PRX on the platform (prxcoin.io) to enjoy a variety of rewards. Moving forward, PRX staking holding period and staking benefits will be announced on the platform.

PRX Staking reward program offers an annualized yield (APR) from anywhere between 15 and 20%, which can be paid out in BNB(BEP20), USDT(BEP20) or USDC(BEP20).

The staking rewards are subject to change according to the announcement and notice on the staking platform (prxcoin.io).

Staking cryptocurrency is a lot like earning interest on deposits in a bank account. PRX Staking allows holders to earn as much as 20% per year on their holdings. Staking is a great addition to the cryptocurrency space for a number of reasons. Staking adds aspects of familiarity, engagement, and reward into the ecosystem, making the investment all the more worthwhile.

Staking PRX for USDT

PRX Lending Program

Crypto investors often invest with the concept of holding their assets for a long time in their wallets until they see the price going high. It is questionable that this is the best way to grow their cryptocurrency. And this is where the concept of PRX lending comes into play. PRX lending simply enables crypto holders and borrowers to unlock the value of their digital assets by using it as collateral for a loan.

How does a Crypto-backed loan work?

With traditional collateralized loans, the borrowers will stake an asset and receive money in response. The main benefit is that borrowers do not have to sell any of assets in order to receive this funding. They are collateralizing the crypto assets to keep all the potential upside of their investment. This explains why holding on to your digital assets could be an important decision because they might go up in price over time and borrowers may not want to sell them before they reach that maturity.

Terms and Definitions in Lending explained

There are definitions and terms that follow are meant to provide simple, informal meanings for words and phrases that may not be familiar to borrowers.

Loan-to-Value Ratio (LTV)

LTV is a financial term used by lenders to express the ratio of a loan to the value of digital asset (a percentage of the current market value of cryptocurrency lend out to the borrowers).

How LTV works?

For instance, if someone puts down 1000 PRX (1 PRX equals 1 USD), they might be able to borrow $700. The LTV ratio is $700 to $1000 or $700/$1000, or 70%. The remaining 30% (adding up to 100%) represents the perceived risk of asset value in an immediate cash sale or liquidation.

Loan Liquidation

For preventing the issue of illiquidity during market crash or downfall, the lending platforms issue forced liquidation or margin calls (a percentage of market value of cryptocurrency falls below a certain percentage requirement). Suppose any crypto asset’s value drops to a certain point when a significant amount of borrower’s LTVs (loan-to-value) is too high for the lending platform to maintain. In that case, the lender will instruct the borrower to increase the value of their collateral at stake, or the borrower may have to face liquidation.

Benefits of Taking on PRX Loan

When investing or trading, one of the biggest challenges can be cashflow or lack of liquidity. Getting loans with cryptocurrency can often be less complicated than getting traditional bank loans. One of the major bonuses in a crypto is that, unlike traditional banking, borrowers will not be subject to credit score being assessed. This means that lending is more accessible to people who have no financial history. PRX loans can be practically instant. Repayments can also be more flexible than traditional bank. Borrowers can also switch between crypto assets on the same platform.

Two Types of PRX lending program

Whale Loan (50% LTV)

Whale loan provides 50% Loan to Value with fixed annual interest rate of 15-20%. There are no margin call or forced liquidation applied to Whale Loan as long as the interest payment is settled regularly.

Moon Loan (70% LTV)

With Moon loan, borrowers can borrow up to 70% Loan to Value, however when the market value of collateral drops below certain amount, the borrower must increase the value of their total asset or a margin call level at 78% may be triggered before liquidation. The terms, conditions and interest rates are subject to change according to the announcement of PRX lending program (prxcoin.io)

PRX Lotto

PRX Lotto is Crypto’s jackpotting lottery, delivering some of the biggest jackpot prizes crypto lotto has ever seen. Imagine winning Division 1 and cost nothing to play.

There are 3 prize divisions in PRX lotto with a division one daily prize pool of $500. Participants can win a prize with as little as 2 winning numbers in a single game. To win the jackpot (Division 1) your entry needs to match all 4 winning numbers (choose 4 numbers from 0 to 9) in a single game. The winning prizes are subject to change according to the announcement and notice on the website (prxcoin.io).

Creating A Buzz

Spreading awareness is a primary reason why we want to create PRX lotto, the generated buzz, if successful, helps drive the price of a token upwards as most recipients would shill projects that give them free money. Especially in today’s online economy, where every interaction metric can be measured and used to attract investors, such as trending Google search terms, social media brand mentions and community followership count on Twitter and Telegram, big investors or “whales” use these analytics as an investment weathervane to gauge a project’s future prospects. Therefore, PRX lotto, which significantly increases community engagement, could seriously boost the company's overall capital for only a proportionally small number of tokens allocated

Token Sale

Token Name PRX
Token Platform BSC
Token Standard BEP20
Max. Supply (Hard Cap) 5,000,000,000

How to Buy

1

Create MetaMask wallet

Create a MetaMask Wallet using either a desktop computer or an iOS/Android mobile device. That will allow you to buy, sell, send, and receive PRX

2

Send BNB (BEP20) or USDT(BEP20) to your wallet

You can directly transfer it to your MetaMask Wallet from exchanges like Coinbase, Binance, etc. Make sure to use BEP20 network when transfering BNB or USDT .

3

Connect your wallet to PRXSwap

Access your wallet to PRXSwap by clicking ‘Connect to a wallet’ and selecting MetaMask.

4

Swap BNB or USDT for PRX

You can start swapping as soon as you have BNB (BEP20) available! Press ‘Select a token’ and enter the token address or search for it on the tokens list.

Tokenomics

Roadmap

Q4 2021
  • PRX Token Launch
  • PRX Swap Pool
  • Prx Presale
  • Prx Stake platform
  • Coingekko Listing
  • Coinmarketcap Listing
Q1 2022
  • PRX Gaming Platform
  • Prx Exchange Paltform (Crypto by Cash)
  • Pancake Listing
Q2 2022
  • PRX Lending Platform
  • PRX Lotto Platform
  • Centralized Exchange Listing
Q3 2022
  • Multiple Currency Finance Program
  • P2P
  • Prx DYDX Platform
Executive Partners

Partners & Supporters